[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 13
   [NAME] EMERGING MARKET EQUITY INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1998
[PERIOD-END]                               AUG-31-1998
[INVESTMENTS-AT-COST]                      327,264,305
[INVESTMENTS-AT-VALUE]                     217,045,875
[RECEIVABLES]                                6,013,839
[ASSETS-OTHER]                               5,715,294
[OTHER-ITEMS-ASSETS]                         9,890,182
[TOTAL-ASSETS]                             238,665,190
[PAYABLE-FOR-SECURITIES]                     1,070,945
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    7,068,317
[TOTAL-LIABILITIES]                          8,139,262
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   423,556,349
[SHARES-COMMON-STOCK]                       52,762,971
[SHARES-COMMON-PRIOR]                       24,302,122
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                       1,387,571
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                    81,324,703
[ACCUM-APPREC-OR-DEPREC]                 (110,318,147)
[NET-ASSETS]                               230,525,928
[DIVIDEND-INCOME]                            5,242,572
[INTEREST-INCOME]                            1,468,641
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               4,563,413
[NET-INVESTMENT-INCOME]                      2,147,800
[REALIZED-GAINS-CURRENT]                  (83,481,396)
[APPREC-INCREASE-CURRENT]                (112,237,146)
[NET-CHANGE-FROM-OPS]                    (193,570,742)
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    3,287,323
[DISTRIBUTIONS-OF-GAINS]                    13,500,011
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     56,262,428
[NUMBER-OF-SHARES-REDEEMED]                 30,029,010
[SHARES-REINVESTED]                          2,227,431
[NET-CHANGE-IN-ASSETS]                       4,246,049
[ACCUMULATED-NII-PRIOR]                      1,090,099
[ACCUMULATED-GAINS-PRIOR]                   14,318,557
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        2,970,898
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              4,563,413
[AVERAGE-NET-ASSETS]                       294,012,453
[PER-SHARE-NAV-BEGIN]                             9.31
[PER-SHARE-NII]                                   0.06
[PER-SHARE-GAIN-APPREC]                         (4.44)
[PER-SHARE-DIVIDEND]                              0.10
[PER-SHARE-DISTRIBUTIONS]                         0.46
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               4.37
[EXPENSE-RATIO]                                   1.69
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>