<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> CONSULTING GROUP CAPITAL MARKETS FUNDS
<SERIES>
   <NUMBER> 10
   <NAME> SMALL CAPITALIZATION GROWTH INVESTMENTS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          AUG-31-1996
<PERIOD-END>                               AUG-31-1996
<INVESTMENTS-AT-COST>                      423,514,180
<INVESTMENTS-AT-VALUE>                     491,614,656
<RECEIVABLES>                                4,759,635
<ASSETS-OTHER>                               4,055,769
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             500,430,060
<PAYABLE-FOR-SECURITIES>                     4,260,668
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,846,456
<TOTAL-LIABILITIES>                          6,107,124
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   369,179,714
<SHARES-COMMON-STOCK>                       27,789,471
<SHARES-COMMON-PRIOR>                       18,329,222
<ACCUMULATED-NII-CURRENT>                  (2,010,544)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     59,053,290
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    68,100,476
<NET-ASSETS>                               494,322,936
<DIVIDEND-INCOME>                            1,376,349
<INTEREST-INCOME>                              751,285
<OTHER-INCOME>                               2,127,634
<EXPENSES-NET>                               4,138,178
<NET-INVESTMENT-INCOME>                    (2,010,544)
<REALIZED-GAINS-CURRENT>                    61,940,936
<APPREC-INCREASE-CURRENT>                   13,923,279
<NET-CHANGE-FROM-OPS>                       73,853,671
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                  (53,196,733)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    376,242,292
<NUMBER-OF-SHARES-REDEEMED>                270,535,854
<SHARES-REINVESTED>                         52,926,147
<NET-CHANGE-IN-ASSETS>                     158,632,585
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   30,309,086
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,217,550
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,217,550
<AVERAGE-NET-ASSETS>                       414,270,606
<PER-SHARE-NAV-BEGIN>                            17.19
<PER-SHARE-NII>                                 (0.08)
<PER-SHARE-GAIN-APPREC>                          03.36
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        02.68
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.79
<EXPENSE-RATIO>                                  00.99
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>