<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> CONSULTING GROUP CAPITAL MARKETS FUNDS
<SERIES>
   <NUMBER> 9
   <NAME> SMALL CAPITALIZATION VALUE EQUITY INVESTMENTS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          AUG-31-1996
<PERIOD-END>                               AUG-31-1996
<INVESTMENTS-AT-COST>                      424,680,833
<INVESTMENTS-AT-VALUE>                     467,189,567
<RECEIVABLES>                                  514,673
<ASSETS-OTHER>                             474,921,369
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             480,064,042
<PAYABLE-FOR-SECURITIES>                       244,755
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      935,216
<TOTAL-LIABILITIES>                          1,179,971
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   407,841,043
<SHARES-COMMON-STOCK>                       22,937,278
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    4,124,953
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     24,366,050
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    42,508,734
<NET-ASSETS>                               478,884,071
<DIVIDEND-INCOME>                            9,549,614
<INTEREST-INCOME>                              497,884
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               3,867,576
<NET-INVESTMENT-INCOME>                      6,179,922
<REALIZED-GAINS-CURRENT>                    29,843,891
<APPREC-INCREASE-CURRENT>                   12,194,966
<NET-CHANGE-FROM-OPS>                       48,218,779
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    4,982,003
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     20,888,354
<NUMBER-OF-SHARES-REDEEMED>                 12,034,895
<SHARES-REINVESTED>                            229,397
<NET-CHANGE-IN-ASSETS>                       9,082,856
<ACCUMULATED-NII-PRIOR>                      2,927,034
<ACCUMULATED-GAINS-PRIOR>                  (5,477,841)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,234,783
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,867,576
<AVERAGE-NET-ASSETS>                       406,010,207
<PER-SHARE-NAV-BEGIN>                            10.01
<PER-SHARE-NII>                                  00.15
<PER-SHARE-GAIN-APPREC>                          01.09
<PER-SHARE-DIVIDEND>                            (0.14)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.11
<EXPENSE-RATIO>                                  00.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>