WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000875186
<NAME> Small Capitalization Growth Investments
<SERIES>
<NUMBER>010
<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> 1,314,970,867
<INVESTMENTS-AT-VALUE> 1,569,523,716
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,835,041,177
<PAYABLE-FOR-SECURITIES> 23,375,809
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 239,608,868
<TOTAL-LIABILITIES> 262,984,677
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,006,908,074
<SHARES-COMMON-STOCK> 64,528,190
<SHARES-COMMON-PRIOR> 61,876,562
<ACCUMULATED-NII-CURRENT> 38,867
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 310,437,160
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 254,672,399
<NET-ASSETS> 1,572,056,500
<DIVIDEND-INCOME> 2,705,773
<INTEREST-INCOME> 4,122,281
<OTHER-INCOME> 0
<EXPENSES-NET> 13,967,637
<NET-INVESTMENT-INCOME> (7,139,583)
<REALIZED-GAINS-CURRENT> 341,232,577
<APPREC-INCREASE-CURRENT> 208,778,024
<NET-CHANGE-FROM-OPS> 542,871,018
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 126,863,990
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 34,624,515
<NUMBER-OF-SHARES-REDEEMED> 38,404,335
<SHARES-REINVESTED> 6,431,448
<NET-CHANGE-IN-ASSETS> 462,680,956
<ACCUMULATED-NII-PRIOR> 26,508
<ACCUMULATED-GAINS-PRIOR> 102,156,970
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 11,666,417
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<GROSS-EXPENSE> 13,967,637
<AVERAGE-NET-ASSETS> 1,428,593,787
<PER-SHARE-NAV-BEGIN> 17.930
<PER-SHARE-NII> (0.110)
<PER-SHARE-GAIN-APPREC> 8.660
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 2.120
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 24.360
<EXPENSE-RATIO> 0.98
</TABLE>
