[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 7
   [NAME] LARGE CAPITALIZATION VALUE EQUITY INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1998
[PERIOD-END]                               AUG-31-1998
[INVESTMENTS-AT-COST]                    1,551,587,770
[INVESTMENTS-AT-VALUE]                   1,707,448,615
[RECEIVABLES]                               14,773,221
[ASSETS-OTHER]                                  96,434
[OTHER-ITEMS-ASSETS]                       338,532,546
[TOTAL-ASSETS]                           2,060,850,816
[PAYABLE-FOR-SECURITIES]                     3,759,377
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                  344,847,249
[TOTAL-LIABILITIES]                        348,606,626
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,326,523,254
[SHARES-COMMON-STOCK]                      139,382,153
[SHARES-COMMON-PRIOR]                      129,744,143
[ACCUMULATED-NII-CURRENT]                   15,415,722
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                    214,714,369
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   155,590,845
[NET-ASSETS]                             1,712,244,190
[DIVIDEND-INCOME]                           37,378,330
[INTEREST-INCOME]                            1,381,749
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              15,669,041
[NET-INVESTMENT-INCOME]                     23,091,038
[REALIZED-GAINS-CURRENT]                   309,582,594
[APPREC-INCREASE-CURRENT]                (328,306,395)
[NET-CHANGE-FROM-OPS]                        4,367,237
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   15,036,214
[DISTRIBUTIONS-OF-GAINS]                   315,031,240
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     52,068,976
[NUMBER-OF-SHARES-REDEEMED]                 66,567,000
[SHARES-REINVESTED]                         24,136,034
[NET-CHANGE-IN-ASSETS]                   (222,503,157)
[ACCUMULATED-NII-PRIOR]                      7,365,482
[ACCUMULATED-GAINS-PRIOR]                  220,158,431
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        9,677,020
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              9,677,020
[AVERAGE-NET-ASSETS]                     1,960,482,060
[PER-SHARE-NAV-BEGIN]                            14.91
[PER-SHARE-NII]                                  00.16
[PER-SHARE-GAIN-APPREC]                          00.08
[PER-SHARE-DIVIDEND]                             00.11
[PER-SHARE-DISTRIBUTIONS]                        02.76
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              12.28
[EXPENSE-RATIO]                                  00.80
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>