[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 1
   [NAME] GOVERNMENT MONEY INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1998
[PERIOD-END]                               AUG-31-1998
[INVESTMENTS-AT-COST]                      374,424,002
[INVESTMENTS-AT-VALUE]                     374,424,002
[RECEIVABLES]                                1,527,208
[ASSETS-OTHER]                                     675
[OTHER-ITEMS-ASSETS]                           744,663
[TOTAL-ASSETS]                             376,969,548
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      935,356
[TOTAL-LIABILITIES]                            935,356
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   375,355,542
[SHARES-COMMON-STOCK]                      375,730,784
[SHARES-COMMON-PRIOR]                      459,351,060
[ACCUMULATED-NII-CURRENT]                       51,633
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                       (21,714)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                             0
[NET-ASSETS]                               375,761,192
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                           23,363,109
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               2,508,573
[NET-INVESTMENT-INCOME]                     20,854,536
[REALIZED-GAINS-CURRENT]                        15,183
[APPREC-INCREASE-CURRENT]                            0
[NET-CHANGE-FROM-OPS]                       20,869,719
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   20,817,444
[DISTRIBUTIONS-OF-GAINS]                        15,183
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                  1,099,356,131
[NUMBER-OF-SHARES-REDEEMED]              1,133,072,640
[SHARES-REINVESTED]                         20,711,995
[NET-CHANGE-IN-ASSETS]                    (13,004,514)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          624,357
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              2,738,377
[AVERAGE-NET-ASSETS]                       417,856,008
[PER-SHARE-NAV-BEGIN]                            1.000
[PER-SHARE-NII]                                  0.049
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                             0.049
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              1.000
[EXPENSE-RATIO]                                  0.600
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>