[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 3
   [NAME] LONG-TERM BOND FUND
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1998
[PERIOD-END]                               FEB-28-1998
[INVESTMENTS-AT-COST]                      154,133,673
[INVESTMENTS-AT-VALUE]                     164,151,426
[RECEIVABLES]                                2,167,374
[ASSETS-OTHER]                                 104,376
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             166,423,176
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      964,877
[TOTAL-LIABILITIES]                            964,877
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   153,362,587
[SHARES-COMMON-STOCK]                       19,063,045
[SHARES-COMMON-PRIOR]                       22,168,211
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                           8,735
[ACCUMULATED-NET-GAINS]                      2,086,694
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    10,017,753
[NET-ASSETS]                               165,458,299
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            6,534,187
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 770,063
[NET-INVESTMENT-INCOME]                      5,764,124
[REALIZED-GAINS-CURRENT]                     2,971,175
[APPREC-INCREASE-CURRENT]                    6,919,821
[NET-CHANGE-FROM-OPS]                       15,655,120
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    5,739,954
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      5,620,917
[NUMBER-OF-SHARES-REDEEMED]                  9,279,209
[SHARES-REINVESTED]                            553,126
[NET-CHANGE-IN-ASSETS]                    (17,593,039)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                       (32,905)
[OVERDIST-NET-GAINS-PRIOR]                     884,481
[GROSS-ADVISORY-FEES]                          380,154
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                770,063
[AVERAGE-NET-ASSETS]                       192,999,130
[PER-SHARE-NAV-BEGIN]                             8.26
[PER-SHARE-NII]                                   0.26
[PER-SHARE-GAIN-APPREC]                           0.42
[PER-SHARE-DIVIDEND]                              0.26
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.68
[EXPENSE-RATIO]                                   0.80
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>