Consulting Group Capital Markets Funds


                           SUB-ITEM 77Q3


(a) (i)  Based upon their evaluation of the registrant's disclosure
  controls  and  procedures as conducted within  90  days  of  the
"  filing  date  of  this report, the registrant's chief  executive"
  officer  and chief financial officer have concluded  that  those
  disclosure controls and procedures provide reasonable  assurance
  that  the material information required to be disclosed  by  the
  registrant  in  the  reports  it  files  or  submits  under  the
"  Securities  Exchange Act of 1934, as amended (the  ""1934  Act""),"
"  is  recorded, processed, summarized and reported in  substantial"
  compliance  with  the  1934 Act and the Commission's  rules  and
  forms thereunder.

     (ii)             There  were no significant  changes  in  the
  registrant's  internal controls or in other factors  that  could
  significantly affect these controls subsequent to  the  date  of
  their last evaluation.

    (iii)              Certifications

" I, R. Jay Gerken, certify that:"

 1.   I have reviewed this report on Form N-SAR of Consulting Group
   Capital Markets Funds;

" 2.   Based on my knowledge, this report does not contain any"
   untrue statement of a material fact or omit to state a material
"   fact necessary to make the statements made, in light of the"
"   circumstances under which such statements were made, not"
   misleading with respect to the period covered by this report;

" 3.   Based on my knowledge, the financial information included in"
"   this report, and the financial statements on which the financial"
"   information is based, fairly present in all material respects the"
"   financial condition, results of operations, changes in net assets,"
   and cash flows (if the financial statements are required to
"   include a statement of cash flows) of the registrant as of, and"
"   for, the periods presented in this report;"

 4.   The registrant's other certifying officers and I are
   responsible for establishing and maintaining disclosure controls
   and procedures (as defined in rule 30a-2(c) under the Investment
   Company Act) for the registrant and have:

   a)   designed such disclosure controls and procedures to ensure
"     that material information relating to the registrant, including"
"     its  consolidated subsidiaries, is made known to us by others"
"     within those entities, particularly during the period in which"
     this report is being prepared;

   b)   evaluated the effectiveness of the registrant's disclosure
     controls and procedures as of a date within 90 days prior to the
"     filing date of this report (the ""Evaluation Date""); and"

   c)    presented  in  this  report  our  conclusions  about  the
     effectiveness of the disclosure controls and procedures based on
     our evaluation as of the Evaluation Date;

5.    The  registrant's  other  certifying  officers  and  I  have
"  disclosed,  based  on  our  most  recent  evaluation,   to   the"
  registrant's auditors and the audit committee of the registrant's
  board   of  directors  (or  persons  performing  the  equivalent
  functions):

   a)   all significant deficiencies in the design or operation of
     internal controls which could adversely affect the registrant's
"     ability to record, process, summarize, and report financial data"
     and have identified for the registrant's auditors any material
     weaknesses in internal controls; and

"   b)   any fraud, whether or not material, that involves management"
     or other employees who have a significant role in the registrant's
     internal controls; and

6.    The  registrant's  other  certifying  officers  and  I  have
  indicated  in this report whether or not there were  significant
  changes  in  internal controls or in other  factors  that  could
  significantly affect internal controls subsequent  to  the  date
"  of  our most recent evaluation, including any corrective actions"
  with   regard   to   significant   deficiencies   and   material
  weaknesses.



"Date  November 25, 2002                 /s/ R. JAY GERKEN"
                                Chief Executive Officer





































Consulting Group Capital Markets Funds




"I, Irving David, certify that:"

 1.   I have reviewed this report on Form N-SAR of Consulting Group
   Capital Markets Funds;

" 2.    Based  on  my knowledge, this report does not  contain  any"
   untrue statement of a material fact or omit to state a material
"   fact  necessary to make the statements made, in  light  of  the"
"   circumstances  under  which  such  statements  were  made,  not"
   misleading with respect to the period covered by this report;

" 3.   Based on my knowledge, the financial information included in"
"   this report, and the financial statements on which the financial"
"   information is based, fairly present in all material respects the"
"   financial condition, results of operations, changes in net assets,"
   and  cash  flows (if the financial statements are  required  to
"   include a statement of cash flows) of the registrant as of, and"
"   for, the periods presented in this report;"

 4.    The  registrant's  other  certifying  officers  and  I  are
   responsible for establishing and maintaining disclosure controls
   and procedures (as defined in rule 30a-2(c) under the Investment
   Company Act) for the registrant and have:

   a)   designed such disclosure controls and procedures to ensure
"     that material information relating to the registrant, including"
"     its  consolidated subsidiaries, is made known to us by others"
"     within those entities, particularly during the period in which"
     this report is being prepared;

   b)   evaluated the effectiveness of the registrant's disclosure
     controls and procedures as of a date within 90 days prior to the
"     filing date of this report (the ""Evaluation Date""); and"

   c)    presented  in  this  report  our  conclusions  about  the
     effectiveness of the disclosure controls and procedures based on
     our evaluation as of the Evaluation Date;

 5.    The  registrant's  other certifying  officers  and  I  have
"   disclosed,  based  on  our  most  recent  evaluation,  to   the"
   registrant's auditors and the audit committee of the registrant's
   board  of  directors  (or  persons  performing  the  equivalent
   functions):

   a)   all significant deficiencies in the design or operation of
     internal controls which could adversely affect the registrant's
"     ability to record, process, summarize, and report financial data"
     and have identified for the registrant's auditors any material
     weaknesses in internal controls; and

"   b)   any fraud, whether or not material, that involves management"
     or other employees who have a significant role in the registrant's
     internal controls; and

6.    The  registrant's  other  certifying  officers  and  I  have
  indicated  in this report whether or not there were  significant
  changes  in  internal controls or in other  factors  that  could
  significantly affect internal controls subsequent  to  the  date
"  of  our most recent evaluation, including any corrective actions"
  with   regard   to   significant   deficiencies   and   material
  weaknesses.



"Date   October 28, 2002                     /s/   Irving David"

Chief Financial Officer