WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000875186
<NAME> Small Capitalization Value Equity Investments
<SERIES>
<NUMBER>009
<NAME>Consulting Group Capital Markets Funds
<S> <C>
<PERIOD-TYPE> 1-year
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Aug-31-2000
<INVESTMENTS-AT-COST> 888,049,850
<INVESTMENTS-AT-VALUE> 848,095,428
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<PAYABLE-FOR-SECURITIES> 1,149,394
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 37,682,908
<TOTAL-LIABILITIES> 38,832,302
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 882,980,536
<SHARES-COMMON-STOCK> 79,504,025
<SHARES-COMMON-PRIOR> 70,483,108
<ACCUMULATED-NII-CURRENT> 10,953,868
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,995,437)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (39,582,697)
<NET-ASSETS> 852,356,270
<DIVIDEND-INCOME> 21,279,420
<INTEREST-INCOME> 1,549,196
<OTHER-INCOME> 0
<EXPENSES-NET> 6,839,274
<NET-INVESTMENT-INCOME> 15,989,342
<REALIZED-GAINS-CURRENT> 895,402
<APPREC-INCREASE-CURRENT> 27,487,027
<NET-CHANGE-FROM-OPS> 44,371,771
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11,434,061
<DISTRIBUTIONS-OF-GAINS> 13,216,365
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 39,831,689
<NUMBER-OF-SHARES-REDEEMED> 33,310,074
<SHARES-REINVESTED> 2,499,302
<NET-CHANGE-IN-ASSETS> 108,392,173
<ACCUMULATED-NII-PRIOR> 7,701,051
<ACCUMULATED-GAINS-PRIOR> 9,023,062
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 5,712,274
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<AVERAGE-NET-ASSETS> 755,711,535
<PER-SHARE-NAV-BEGIN> 10.560
<PER-SHARE-NII> 0.200
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<PER-SHARE-DIVIDEND> 0.160
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<PER-SHARE-NAV-END> 10.720
<EXPENSE-RATIO> 0.91
</TABLE>
