WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000875186
<NAME> High Yield Investments
<SERIES>
<NUMBER>014
<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> 179,944,938
<INVESTMENTS-AT-VALUE> 156,918,318
<RECEIVABLES> 7,335,157
<ASSETS-OTHER> 42,721
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 164,296,196
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 239,855
<TOTAL-LIABILITIES> 239,855
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 199,284,814
<SHARES-COMMON-STOCK> 28,063,740
<SHARES-COMMON-PRIOR> 21,163,554
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (12,201,853)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (23,026,620)
<NET-ASSETS> 164,056,341
<DIVIDEND-INCOME> 35,990
<INTEREST-INCOME> 14,171,002
<OTHER-INCOME> 0
<EXPENSES-NET> 1,359,792
<NET-INVESTMENT-INCOME> 12,847,200
<REALIZED-GAINS-CURRENT> (11,062,296)
<APPREC-INCREASE-CURRENT> (12,302,098)
<NET-CHANGE-FROM-OPS> (10,517,194)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12,945,390
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 1,636,145
<NUMBER-OF-SHARES-SOLD> 18,165,693
<NUMBER-OF-SHARES-REDEEMED> 13,562,721
<SHARES-REINVESTED> 2,297,214
<NET-CHANGE-IN-ASSETS> 8,999,762
<ACCUMULATED-NII-PRIOR> 110,603
<ACCUMULATED-GAINS-PRIOR> (1,151,970)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,025,560
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,359,792
<AVERAGE-NET-ASSETS> 113,665,351
<PER-SHARE-NAV-BEGIN> 7.330
<PER-SHARE-NII> 0.690
<PER-SHARE-GAIN-APPREC> (1.370)
<PER-SHARE-DIVIDEND> 0.710
<PER-SHARE-DISTRIBUTIONS> 0.090
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 5.850
<EXPENSE-RATIO> 1.20
</TABLE>