<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> CONSULTING GROUP CAPITAL MARKETS FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> GOVERNMENT MONEY MARKET
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          AUG-31-1996
<PERIOD-END>                               AUG-31-1996
<INVESTMENTS-AT-COST>                      276,135,836
<INVESTMENTS-AT-VALUE>                     276,135,836
<RECEIVABLES>                                3,046,423
<ASSETS-OTHER>                                  69,626
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             279,251,885
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,090,125
<TOTAL-LIABILITIES>                          1,090,125
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       278,209
<SHARES-COMMON-STOCK>                      276,304,048
<SHARES-COMMON-PRIOR>                      241,646,299
<ACCUMULATED-NII-CURRENT>                   12,528,641
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (54,045)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               278,161,760
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           14,052,094
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,523,453
<NET-INVESTMENT-INCOME>                     12,528,641
<REALIZED-GAINS-CURRENT>                         2,498
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       12,531,139
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   12,522,565
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    437,015,274
<NUMBER-OF-SHARES-REDEEMED>                413,581,060
<SHARES-REINVESTED>                         11,223,535
<NET-CHANGE-IN-ASSETS>                      34,657,749
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                            303
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          889,826
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,829,959
<AVERAGE-NET-ASSETS>                       253,960,529
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              0.05
<PER-SHARE-DISTRIBUTIONS>                         0.05
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>