<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> CONSULTING GROUP CAPITAL MARKETS FUNDS
<SERIES>
   <NUMBER> 13
   <NAME> EMERGING MARKETS EQUITY INVESTMENTS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          AUG-31-1996
<PERIOD-END>                               AUG-31-1996
<INVESTMENTS-AT-COST>                       91,442,074
<INVESTMENTS-AT-VALUE>                      92,765,781
<RECEIVABLES>                                3,473,664
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                         2,289,775
<TOTAL-ASSETS>                              98,529,220
<PAYABLE-FOR-SECURITIES>                       575,961
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      463,830
<TOTAL-LIABILITIES>                          1,039,791
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    96,267,300
<SHARES-COMMON-STOCK>                       11,474,511
<SHARES-COMMON-PRIOR>                        7,559,614
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       (285,680)
<ACCUMULATED-NET-GAINS>                        160,730
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,347,079
<NET-ASSETS>                                97,489,429
<DIVIDEND-INCOME>                            1,300,193
<INTEREST-INCOME>                               37,897
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,186,953
<NET-INVESTMENT-INCOME>                        151,137
<REALIZED-GAINS-CURRENT>                     2,969,048
<APPREC-INCREASE-CURRENT>                    2,503,073
<NET-CHANGE-FROM-OPS>                        5,623,258
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      9,176,431
<NUMBER-OF-SHARES-REDEEMED>                  5,261,534
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      38,156,341
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                      (179,607)
<OVERDIST-NET-GAINS-PRIOR>                 (3,065,528)
<GROSS-ADVISORY-FEES>                          674,688
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,186,953
<AVERAGE-NET-ASSETS>                        77,668,967
<PER-SHARE-NAV-BEGIN>                             7.85
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                           0.66
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.50
<EXPENSE-RATIO>                                   1.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>