<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> CONSULTING GROUP CAPITAL MARKETS FUNDS
<SERIES>
   <NUMBER> 10
   <NAME> SMALL CAP GROWTH
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-END>                               AUG-31-1997
<INVESTMENTS-AT-COST>                      651,462,630
<INVESTMENTS-AT-VALUE>                     763,475,121
<RECEIVABLES>                                5,355,057
<ASSETS-OTHER>                              28,232,962
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             822,494,140
<PAYABLE-FOR-SECURITIES>                     9,203,989
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   35,969,011
<TOTAL-LIABILITIES>                         45,173,000
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   612,009,473
<SHARES-COMMON-STOCK>                       42,505,689
<SHARES-COMMON-PRIOR>                       27,789,471
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       2,371,322
<ACCUMULATED-NET-GAINS>                     30,060,874
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   137,622,115
<NET-ASSETS>                               777,321,140
<DIVIDEND-INCOME>                            2,058,812
<INTEREST-INCOME>                            1,068,243
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,498,377
<NET-INVESTMENT-INCOME>                      2,371,322
<REALIZED-GAINS-CURRENT>                    44,824,875
<APPREC-INCREASE-CURRENT>                   69,521,639
<NET-CHANGE-FROM-OPS>                      111,975,192
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                    71,806,746
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     33,405,849
<NUMBER-OF-SHARES-REDEEMED>                 23,101,137
<SHARES-REINVESTED>                          4,411,501
<NET-CHANGE-IN-ASSETS>                     282,998,204
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   57,042,745
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,060,297
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,498,377
<AVERAGE-NET-ASSETS>                       610,917,064
<PER-SHARE-NAV-BEGIN>                            17.79
<PER-SHARE-NII>                                  00.06
<PER-SHARE-GAIN-APPREC>                          02.87
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        02.31
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.29
<EXPENSE-RATIO>                                  00.90
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>