<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> CONSULTING GROUP CAPITAL MARKETS FUNDS
<SERIES>
   <NUMBER> 3
   <NAME> LONG TERM BOND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-END>                               AUG-31-1997
<INVESTMENTS-AT-COST>                      177,205,844
<INVESTMENTS-AT-VALUE>                     180,303,776
<RECEIVABLES>                                6,506,427
<ASSETS-OTHER>                                     630
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             186,810,833
<PAYABLE-FOR-SECURITIES>                     3,363,156
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      396,338
<TOTAL-LIABILITIES>                          3,759,494
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   180,971,915
<SHARES-COMMON-STOCK>                       22,168,211
<SHARES-COMMON-PRIOR>                       19,700,187
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         134,028
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       884,481
<ACCUM-APPREC-OR-DEPREC>                     3,097,932
<NET-ASSETS>                               183,051,338
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           12,336,611
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,306,973
<NET-INVESTMENT-INCOME>                     11,029,638
<REALIZED-GAINS-CURRENT>                       856,804
<APPREC-INCREASE-CURRENT>                    8,391,452
<NET-CHANGE-FROM-OPS>                       20,277,894
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   12,361,043
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      7,921,913
<NUMBER-OF-SHARES-REDEEMED>                  7,025,278
<SHARES-REINVESTED>                          1,461,383
<NET-CHANGE-IN-ASSETS>                      27,141,768
<ACCUMULATED-NII-PRIOR>                      1,197,377
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                   1,741,285
<GROSS-ADVISORY-FEES>                          672,437
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,306,973
<AVERAGE-NET-ASSETS>                       168,644,071
<PER-SHARE-NAV-BEGIN>                             7.87
<PER-SHARE-NII>                                   0.53
<PER-SHARE-GAIN-APPREC>                           0.46
<PER-SHARE-DIVIDEND>                              0.60
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.26
<EXPENSE-RATIO>                                   0.78
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>