<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> CONSULTING GROUP CAPITAL MARKETS FUNDS
<SERIES>
   <NUMBER> 9
   <NAME> SMALL CAP VALUE
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-END>                               AUG-31-1997
<INVESTMENTS-AT-COST>                      494,387,502
<INVESTMENTS-AT-VALUE>                     620,642,839
<RECEIVABLES>                                3,239,364
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                        14,685,174
<TOTAL-ASSETS>                             638,567,377
<PAYABLE-FOR-SECURITIES>                     1,791,952
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   14,403,429
<TOTAL-LIABILITIES>                         16,195,381
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   409,708,116
<SHARES-COMMON-STOCK>                       43,074,435
<SHARES-COMMON-PRIOR>                       43,091,306
<ACCUMULATED-NII-CURRENT>                    4,251,746
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     82,156,797
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   126,255,337
<NET-ASSETS>                               622,371,996
<DIVIDEND-INCOME>                           12,572,957
<INTEREST-INCOME>                              570,290
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,695,577
<NET-INVESTMENT-INCOME>                      8,447,670
<REALIZED-GAINS-CURRENT>                    92,675,669
<APPREC-INCREASE-CURRENT>                   83,746,603
<NET-CHANGE-FROM-OPS>                      184,869,942
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    8,320,877
<DISTRIBUTIONS-OF-GAINS>                    34,884,922
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     18,547,348
<NUMBER-OF-SHARES-REDEEMED>                  3,718,417
<SHARES-REINVESTED>                         22,282,636
<NET-CHANGE-IN-ASSETS>                     143,487,925
<ACCUMULATED-NII-PRIOR>                      4,124,953
<ACCUMULATED-GAINS-PRIOR>                   24,366,050
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,721,377
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,695,577
<AVERAGE-NET-ASSETS>                       520,032,095
<PER-SHARE-NAV-BEGIN>                            11.11
<PER-SHARE-NII>                                  00.19
<PER-SHARE-GAIN-APPREC>                          04.22
<PER-SHARE-DIVIDEND>                             00.19
<PER-SHARE-DISTRIBUTIONS>                        00.88
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.45
<EXPENSE-RATIO>                                  00.90
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>