WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000875186
<NAME> Intermediate Fixed Income Investments
<SERIES>
<NUMBER>002
<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> 556,795,535
<INVESTMENTS-AT-VALUE> 555,943,380
<RECEIVABLES> 11,580,624
<ASSETS-OTHER> 3,157,907
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 570,681,911
<PAYABLE-FOR-SECURITIES> 4,607,578
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,359,675
<TOTAL-LIABILITIES> 5,967,253
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 592,617,623
<SHARES-COMMON-STOCK> 72,170,882
<SHARES-COMMON-PRIOR> 75,942,484
<ACCUMULATED-NII-CURRENT> 2,180,269
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (29,874,506)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (208,728)
<NET-ASSETS> 564,714,658
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 43,265,761
<OTHER-INCOME> 0
<EXPENSES-NET> 4,764,175
<NET-INVESTMENT-INCOME> 38,501,586
<REALIZED-GAINS-CURRENT> (16,552,789)
<APPREC-INCREASE-CURRENT> 13,000,924
<NET-CHANGE-FROM-OPS> 34,949,721
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 36,255,705
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 44,484,228
<NUMBER-OF-SHARES-REDEEMED> 52,814,440
<SHARES-REINVESTED> 4,558,610
<NET-CHANGE-IN-ASSETS> (29,951,264)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (13,387,329)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,932,365
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,764,175
<AVERAGE-NET-ASSETS> 639,487,248
<PER-SHARE-NAV-BEGIN> 7.830
<PER-SHARE-NII> 0.480
<PER-SHARE-GAIN-APPREC> (0.050)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.440
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 7.820
<EXPENSE-RATIO> 0.78
</TABLE>
