[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 5
   [NAME] MORTGAGE BACK
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1997
[PERIOD-END]                               AUG-31-1997
[INVESTMENTS-AT-COST]                      175,097,985
[INVESTMENTS-AT-VALUE]                     174,967,767
[RECEIVABLES]                                1,211,816
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                               784
[TOTAL-ASSETS]                             176,180,367
[PAYABLE-FOR-SECURITIES]                    39,130,781
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      463,480
[TOTAL-LIABILITIES]                         39,594,261
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   137,038,310
[SHARES-COMMON-STOCK]                       17,150,121
[SHARES-COMMON-PRIOR]                       15,617,018
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                          27,006
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                       294,980
[ACCUM-APPREC-OR-DEPREC]                     (130,218)
[NET-ASSETS]                               136,586,106
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            8,835,599
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,024,815
[NET-INVESTMENT-INCOME]                      7,810,784
[REALIZED-GAINS-CURRENT]                       797,680
[APPREC-INCREASE-CURRENT]                    3,179,907
[NET-CHANGE-FROM-OPS]                       11,787,907
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    8,289,597
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      5,117,755
[NUMBER-OF-SHARES-REDEEMED]                  4,592,708
[SHARES-REINVESTED]                          1,008,056
[NET-CHANGE-IN-ASSETS]                      15,640,770
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                         28,072
[OVERDIST-NET-GAINS-PRIOR]                   1,092,660
[GROSS-ADVISORY-FEES]                          642,610
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,197,777
[AVERAGE-NET-ASSETS]                       128,399,656
[PER-SHARE-NAV-BEGIN]                             7.74
[PER-SHARE-NII]                                   0.48
[PER-SHARE-GAIN-APPREC]                           0.25
[PER-SHARE-DIVIDEND]                              0.51
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               7.96
[EXPENSE-RATIO]                                   0.80
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>