Independent Auditors' Consent
To the Shareholders and Board of Directors of
Consulting Group Capital Markets Funds:
We consent to the incorporation by reference, in this Prospectus
and Statement of Additional Information, of our report dated
October 15, 2000, on the statement of assets and liabilities for
Consulting Group Capital Markets Funds (the "Fund") as of August
31, 2000 and the related statement of operations for the year
then ended, the statements of changes in net assets for each of
the years in the two-year period then ended and the financial
highlights for each of the years in the five-year period then
ended. These financial statements and financial highlights and
our report thereon are included in the Annual Report of the Fund
as filed on Form N-30D.
We also consent to the references to our firm under the headings
"Financial Highlights" in the Prospectus and "Auditors" in the
Statement of Additional Information.
KPMG LLP
New York, New York
December 20, 2000
