<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> CONSULTING GROUP CAPITAL MARKETS FUNDS
<SERIES>
   <NUMBER> 6
   <NAME> BALANCED INVESTMENTS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-END>                               AUG-31-1997
<INVESTMENTS-AT-COST>                       77,321,897
<INVESTMENTS-AT-VALUE>                      88,176,595
<RECEIVABLES>                                1,830,964
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             9,471
<TOTAL-ASSETS>                              90,017,030
<PAYABLE-FOR-SECURITIES>                       164,354
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       63,460
<TOTAL-LIABILITIES>                            227,814
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    73,591,649
<SHARES-COMMON-STOCK>                        7,476,865
<SHARES-COMMON-PRIOR>                        5,028,511
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         160,187
<ACCUMULATED-NET-GAINS>                      5,182,682
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    10,854,698
<NET-ASSETS>                                89,789,216
<DIVIDEND-INCOME>                            1,144,658
<INTEREST-INCOME>                            1,188,182
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 663,795
<NET-INVESTMENT-INCOME>                      1,666,045
<REALIZED-GAINS-CURRENT>                     5,264,500
<APPREC-INCREASE-CURRENT>                    7,589,528
<NET-CHANGE-FROM-OPS>                       12,854,028
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,615,876
<DISTRIBUTIONS-OF-GAINS>                     1,389,750
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,179,672
<NUMBER-OF-SHARES-REDEEMED>                  3,006,395
<SHARES-REINVESTED>                            275,077
<NET-CHANGE-IN-ASSETS>                      39,508,429
<ACCUMULATED-NII-PRIOR>                        110,018
<ACCUMULATED-GAINS-PRIOR>                    1,307,932
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          400,541
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                678,817
<AVERAGE-NET-ASSETS>                            66,865
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                  00.27
<PER-SHARE-GAIN-APPREC>                          02.27
<PER-SHARE-DIVIDEND>                             00.27
<PER-SHARE-DISTRIBUTIONS>                        00.26
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.01
<EXPENSE-RATIO>                                  01.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>