CONSULTING GROUP CAPITAL MARKETS FUNDS (the "Trust")
The following information supplements the disclosure in the
Prospectus of the Trust. Defined terms have the same meanings as set
forth in the Prospectus.
Supplement dated June 17, 1999 to the Prospectus dated November 27,
1998
On June 2, 1999 the Trust's Board of Trustees approved the following
amendments to the Trust's investment policies:
? Balanced Investments is permitted to invest up to 5% of its assets
in asset-backed securities
? Each Portfolio of the Trust is permitted to invest in foreign
securities, including emerging markets securities as to both equity
and fixed income securities, limited to 10% of a Portfolio's assets.
There is no investment limit on American Depositary Receipts or
United States exchange listed foreign securities. This amendment
relating to foreign investments pertains only to those Portfolios
that were not previously permitted to invest in foreign securities.
The investment policies of International Equity Investments,
International Fixed Income Investments and Emerging Markets Equity
Investments, as to investment in foreign securities, are unchanged
and remain as stated in the Prospectus dated November 27, 1998.
FD 01665
G:\Fund Accounting\Legal\FUNDS\TRAK\1999\SECDOCS\699stk1e.doc
