[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 12
   [NAME] INTERNATIONAL FIXED INCOME INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1998
[PERIOD-END]                               AUG-31-1998
[INVESTMENTS-AT-COST]                      188,791,829
[INVESTMENTS-AT-VALUE]                     191,908,911
[RECEIVABLES]                                8,253,576
[ASSETS-OTHER]                              13,965,300
[OTHER-ITEMS-ASSETS]                         1,160,866
[TOTAL-ASSETS]                             215,288,653
[PAYABLE-FOR-SECURITIES]                     7,314,827
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   15,905,900
[TOTAL-LIABILITIES]                         23,220,727
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   194,117,942
[SHARES-COMMON-STOCK]                       23,023,844
[SHARES-COMMON-PRIOR]                       15,299,555
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                       5,017,595
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                       440,268
[ACCUM-APPREC-OR-DEPREC]                     3,407,847
[NET-ASSETS]                               192,067,926
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            9,157,215
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,405,606
[NET-INVESTMENT-INCOME]                      7,754,609
[REALIZED-GAINS-CURRENT]                   (2,357,523)
[APPREC-INCREASE-CURRENT]                    9,192,849
[NET-CHANGE-FROM-OPS]                       14,589,935
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    6,258,532
[DISTRIBUTIONS-OF-GAINS]                     3,603,597
[DISTRIBUTIONS-OTHER]                        1,915,349
[NUMBER-OF-SHARES-SOLD]                     13,226,395
[NUMBER-OF-SHARES-REDEEMED]                  6,892,220
[SHARES-REINVESTED]                          1,390,114
[NET-CHANGE-IN-ASSETS]                      66,457,443
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                    1,715,170
[OVERDISTRIB-NII-PRIOR]                      2,707,990
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        1,005,972
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,402,606
[AVERAGE-NET-ASSETS]                       143,891,949
[PER-SHARE-NAV-BEGIN]                             8.21
[PER-SHARE-NII]                                   0.51
[PER-SHARE-GAIN-APPREC]                           0.31
[PER-SHARE-DIVIDEND]                              0.46
[PER-SHARE-DISTRIBUTIONS]                         0.23
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.34
[EXPENSE-RATIO]                                   0.97
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>