[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 13
   [NAME] EMERGING MARKETS EQUITY INVESTMENTS FUND
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1998
[PERIOD-END]                               FEB-28-1998
[INVESTMENTS-AT-COST]                      218,824,800
[INVESTMENTS-AT-VALUE]                     223,632,683
[RECEIVABLES]                                3,979,015
[ASSETS-OTHER]                              18,963,377
[OTHER-ITEMS-ASSETS]                         2,942,419
[TOTAL-ASSETS]                             249,517,494
[PAYABLE-FOR-SECURITIES]                     5,927,673
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    3,184,554
[TOTAL-LIABILITIES]                          9,112,227
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   276,889,645
[SHARES-COMMON-STOCK]                       32,976,954
[SHARES-COMMON-PRIOR]                       24,302,122
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                       1,707,285
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                     3,561,950
[ACCUM-APPREC-OR-DEPREC]                     4,784,857
[NET-ASSETS]                               240,405,267
[DIVIDEND-INCOME]                            1,517,575
[INTEREST-INCOME]                              465,614
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,761,180
[NET-INVESTMENT-INCOME]                        222,009
[REALIZED-GAINS-CURRENT]                  (40,112,567)
[APPREC-INCREASE-CURRENT]                    2,865,858
[NET-CHANGE-FROM-OPS]                     (37,024,700)
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    3,287,322
[DISTRIBUTIONS-OF-GAINS]                    13,500,011
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     19,253,659
[NUMBER-OF-SHARES-REDEEMED]                 13,048,760
[SHARES-REINVESTED]                          2,460,933
[NET-CHANGE-IN-ASSETS]                      14,125,388
[ACCUMULATED-NII-PRIOR]                      1,090,099
[ACCUMULATED-GAINS-PRIOR]                   14,318,557
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        1,009,510
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,761,180
[AVERAGE-NET-ASSETS]                       227,601,918
[PER-SHARE-NAV-BEGIN]                             9.31
[PER-SHARE-NII]                                      0
[PER-SHARE-GAIN-APPREC]                         (1.46)
[PER-SHARE-DIVIDEND]                              0.10
[PER-SHARE-DISTRIBUTIONS]                         0.46
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               7.29
[EXPENSE-RATIO]                                   1.55
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>