WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000875186
<NAME> International Fixed Income Investments
<SERIES>
<NUMBER>012
<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> 233,836,572
<INVESTMENTS-AT-VALUE> 221,244,231
<RECEIVABLES> 14,597,949
<ASSETS-OTHER> 40,092,332
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 275,934,512
<PAYABLE-FOR-SECURITIES> 3,320,333
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 37,048,172
<TOTAL-LIABILITIES> 40,368,505
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 264,659,056
<SHARES-COMMON-STOCK> 32,541,148
<SHARES-COMMON-PRIOR> 29,159,675
<ACCUMULATED-NII-CURRENT> (9,433,934)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,562,203)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (13,096,912)
<NET-ASSETS> 235,566,007
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13,812,433
<OTHER-INCOME> 0
<EXPENSES-NET> 2,384,477
<NET-INVESTMENT-INCOME> 11,427,956
<REALIZED-GAINS-CURRENT> (17,710,212)
<APPREC-INCREASE-CURRENT> (9,313,918)
<NET-CHANGE-FROM-OPS> (15,596,174)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,966,695
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 9,890,447
<NUMBER-OF-SHARES-SOLD> 11,789,951
<NUMBER-OF-SHARES-REDEEMED> 9,908,083
<SHARES-REINVESTED> 1,499,605
<NET-CHANGE-IN-ASSETS> (687,747)
<ACCUMULATED-NII-PRIOR> (7,747,186)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,704,977
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,384,477
<AVERAGE-NET-ASSETS> 242,899,060
<PER-SHARE-NAV-BEGIN> 8.100
<PER-SHARE-NII> 0.360
<PER-SHARE-GAIN-APPREC> (0.840)
<PER-SHARE-DIVIDEND> 0.060
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.320
<PER-SHARE-NAV-END> 7.240
<EXPENSE-RATIO> 0.98
</TABLE>