<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> CONSULTING GROUP CAPITAL MARKETS FUNDS
<SERIES>
   <NUMBER> 13
   <NAME> EMERGING MARKETS EQUITY
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-END>                               AUG-31-1997
<INVESTMENTS-AT-COST>                      218,019,237
<INVESTMENTS-AT-VALUE>                     249,855,889
<RECEIVABLES>                                4,451,710
<ASSETS-OTHER>                               7,427,684
<OTHER-ITEMS-ASSETS>                            10,759
<TOTAL-ASSETS>                             231,746,042
<PAYABLE-FOR-SECURITIES>                     4,907,852
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      231,356
<TOTAL-LIABILITIES>                          5,466,163
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   208,927,922
<SHARES-COMMON-STOCK>                       24,302,122
<SHARES-COMMON-PRIOR>                       11,474,511
<ACCUMULATED-NII-CURRENT>                    1,340,517
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     14,068,139
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,918,999
<NET-ASSETS>                               226,279,879
<DIVIDEND-INCOME>                            3,187,086
<INTEREST-INCOME>                              773,602
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               3,021,693
<NET-INVESTMENT-INCOME>                        729,223
<REALIZED-GAINS-CURRENT>                    15,314,024
<APPREC-INCREASE-CURRENT>                      573,570
<NET-CHANGE-FROM-OPS>                       16,616,817
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      236,637
<DISTRIBUTIONS-OF-GAINS>                       274,654
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    252,363,354
<NUMBER-OF-SHARES-REDEEMED>                140,187,007
<SHARES-REINVESTED>                            508,577
<NET-CHANGE-IN-ASSETS>                     112,684,924
<ACCUMULATED-NII-PRIOR>                        243,721
<ACCUMULATED-GAINS-PRIOR>                      120,421
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            2,067
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  3,022
<AVERAGE-NET-ASSETS>                       188,290,055
<PER-SHARE-NAV-BEGIN>                             8.50
<PER-SHARE-NII>                                   0.83
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              0.01
<PER-SHARE-DISTRIBUTIONS>                         0.01
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.31
<EXPENSE-RATIO>                                   1.60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>