[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 9
   [NAME] SMALL CAP VALUE
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1997
[PERIOD-END]                               AUG-31-1997
[INVESTMENTS-AT-COST]                      494,387,502
[INVESTMENTS-AT-VALUE]                     620,642,839
[RECEIVABLES]                                3,239,364
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                        14,685,174
[TOTAL-ASSETS]                             638,567,377
[PAYABLE-FOR-SECURITIES]                     1,791,952
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   14,403,429
[TOTAL-LIABILITIES]                         16,195,381
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   409,708,116
[SHARES-COMMON-STOCK]                       43,074,435
[SHARES-COMMON-PRIOR]                       43,091,306
[ACCUMULATED-NII-CURRENT]                    4,251,746
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     82,156,797
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   126,255,337
[NET-ASSETS]                               622,371,996
[DIVIDEND-INCOME]                           12,572,957
[INTEREST-INCOME]                              570,290
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               4,695,577
[NET-INVESTMENT-INCOME]                      8,447,670
[REALIZED-GAINS-CURRENT]                    92,675,669
[APPREC-INCREASE-CURRENT]                   83,746,603
[NET-CHANGE-FROM-OPS]                      184,869,942
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    8,320,877
[DISTRIBUTIONS-OF-GAINS]                    34,884,922
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     18,547,348
[NUMBER-OF-SHARES-REDEEMED]                  3,718,417
[SHARES-REINVESTED]                         22,282,636
[NET-CHANGE-IN-ASSETS]                     143,487,925
[ACCUMULATED-NII-PRIOR]                      4,124,953
[ACCUMULATED-GAINS-PRIOR]                   24,366,050
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        2,721,377
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              4,695,577
[AVERAGE-NET-ASSETS]                       520,032,095
[PER-SHARE-NAV-BEGIN]                            11.11
[PER-SHARE-NII]                                  00.19
[PER-SHARE-GAIN-APPREC]                          04.22
[PER-SHARE-DIVIDEND]                             00.19
[PER-SHARE-DISTRIBUTIONS]                        00.88
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              14.45
[EXPENSE-RATIO]                                  00.90
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>