[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 6
   [NAME] BALANCED INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1997
[PERIOD-END]                               AUG-31-1997
[INVESTMENTS-AT-COST]                       77,321,897
[INVESTMENTS-AT-VALUE]                      88,176,595
[RECEIVABLES]                                1,830,964
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                             9,471
[TOTAL-ASSETS]                              90,017,030
[PAYABLE-FOR-SECURITIES]                       164,354
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                       63,460
[TOTAL-LIABILITIES]                            227,814
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    73,591,649
[SHARES-COMMON-STOCK]                        7,476,865
[SHARES-COMMON-PRIOR]                        5,028,511
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                         160,187
[ACCUMULATED-NET-GAINS]                      5,182,682
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    10,854,698
[NET-ASSETS]                                89,789,216
[DIVIDEND-INCOME]                            1,144,658
[INTEREST-INCOME]                            1,188,182
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 663,795
[NET-INVESTMENT-INCOME]                      1,666,045
[REALIZED-GAINS-CURRENT]                     5,264,500
[APPREC-INCREASE-CURRENT]                    7,589,528
[NET-CHANGE-FROM-OPS]                       12,854,028
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    1,615,876
[DISTRIBUTIONS-OF-GAINS]                     1,389,750
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      5,179,672
[NUMBER-OF-SHARES-REDEEMED]                  3,006,395
[SHARES-REINVESTED]                            275,077
[NET-CHANGE-IN-ASSETS]                      39,508,429
[ACCUMULATED-NII-PRIOR]                        110,018
[ACCUMULATED-GAINS-PRIOR]                    1,307,932
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          400,541
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                678,817
[AVERAGE-NET-ASSETS]                            66,865
[PER-SHARE-NAV-BEGIN]                            10.00
[PER-SHARE-NII]                                  00.27
[PER-SHARE-GAIN-APPREC]                          02.27
[PER-SHARE-DIVIDEND]                             00.27
[PER-SHARE-DISTRIBUTIONS]                        00.26
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              12.01
[EXPENSE-RATIO]                                  01.00
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>