[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 10
   [NAME] SMALL CAPITALIZATION GROWTH INVESTMENTS FUND
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1998
[PERIOD-END]                               FEB-28-1998
[INVESTMENTS-AT-COST]                      959,658,212
[INVESTMENTS-AT-VALUE]                   1,119,963,857
[RECEIVABLES]                                5,700,115
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                        49,733,611
[TOTAL-ASSETS]                           1,208,101,583
[PAYABLE-FOR-SECURITIES]                     6,543,675
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   50,856,756
[TOTAL-LIABILITIES]                         57,400,431
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   982,513,214
[SHARES-COMMON-STOCK]                       63,321,327
[SHARES-COMMON-PRIOR]                       42,505,689
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                       1,874,611
[ACCUMULATED-NET-GAINS]                      9,561,929
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   160,500,620
[NET-ASSETS]                             1,150,701,152
[DIVIDEND-INCOME]                            1,726,016
[INTEREST-INCOME]                            1,098,172
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               4,800,820
[NET-INVESTMENT-INCOME]                    (1,956,382)
[REALIZED-GAINS-CURRENT]                    43,474,146
[APPREC-INCREASE-CURRENT]                   22,878,505
[NET-CHANGE-FROM-OPS]                       64,396,269
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                    63,933,403
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     47,221,080
[NUMBER-OF-SHARES-REDEEMED]                 30,108,891
[SHARES-REINVESTED]                          3,703,449
[NET-CHANGE-IN-ASSETS]                     373,380,012
[ACCUMULATED-NII-PRIOR]                         81,771
[ACCUMULATED-GAINS-PRIOR]                   30,021,186
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        3,717,002
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              4,800,820
[AVERAGE-NET-ASSETS]                       959,845,000
[PER-SHARE-NAV-BEGIN]                            18.29
[PER-SHARE-NII]                                 (0.03)
[PER-SHARE-GAIN-APPREC]                          01.07
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        01.16
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              18.17
[EXPENSE-RATIO]                                  01.00
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>