[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 9
   [NAME] SMALL CAPITALIZATION VALUE EQUITY INVESTMENT FUND
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1998
[PERIOD-END]                               FEB-28-1998
[INVESTMENTS-AT-COST]                      738,915,239
[INVESTMENTS-AT-VALUE]                     913,937,925
[RECEIVABLES]                                8,241,207
[ASSETS-OTHER]                              27,474,987
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             951,654,119
[PAYABLE-FOR-SECURITIES]                     2,750,394
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   28,163,282
[TOTAL-LIABILITIES]                         30,913,676
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   705,094,902
[SHARES-COMMON-STOCK]                       63,246,627
[SHARES-COMMON-PRIOR]                       47,074,435
[ACCUMULATED-NII-CURRENT]                    1,611,934
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     37,010,921
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   177,022,686
[NET-ASSETS]                               920,740,443
[DIVIDEND-INCOME]                            8,460,734
[INTEREST-INCOME]                              409,061
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               3,378,505
[NET-INVESTMENT-INCOME]                      5,491,290
[REALIZED-GAINS-CURRENT]                    46,733,162
[APPREC-INCREASE-CURRENT]                   50,767,349
[NET-CHANGE-FROM-OPS]                      102,991,801
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    7,959,256
[DISTRIBUTIONS-OF-GAINS]                    92,050,884
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     22,231,958
[NUMBER-OF-SHARES-REDEEMED]                  9,175,334
[SHARES-REINVESTED]                          7,115,568
[NET-CHANGE-IN-ASSETS]                     298,368,447
[ACCUMULATED-NII-PRIOR]                      4,079,900
[ACCUMULATED-GAINS-PRIOR]                   82,328,643
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        1,979,850
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              3,378,505
[AVERAGE-NET-ASSETS]                       781,060,883
[PER-SHARE-NAV-BEGIN]                            14.45
[PER-SHARE-NII]                                  00.06
[PER-SHARE-GAIN-APPREC]                          01.90
[PER-SHARE-DIVIDEND]                             00.13
[PER-SHARE-DISTRIBUTIONS]                        01.72
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              14.56
[EXPENSE-RATIO]                                  00.87
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>