[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 10
   [NAME] SMALL CAP GROWTH
<TABLE>
<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>