[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 13
   [NAME] EMERGING MARKETS EQUITY
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1997
[PERIOD-END]                               AUG-31-1997
[INVESTMENTS-AT-COST]                      218,019,237
[INVESTMENTS-AT-VALUE]                     249,855,889
[RECEIVABLES]                                4,451,710
[ASSETS-OTHER]                               7,427,684
[OTHER-ITEMS-ASSETS]                            10,759
[TOTAL-ASSETS]                             231,746,042
[PAYABLE-FOR-SECURITIES]                     4,907,852
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      231,356
[TOTAL-LIABILITIES]                          5,466,163
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   208,927,922
[SHARES-COMMON-STOCK]                       24,302,122
[SHARES-COMMON-PRIOR]                       11,474,511
[ACCUMULATED-NII-CURRENT]                    1,340,517
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     14,068,139
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     1,918,999
[NET-ASSETS]                               226,279,879
[DIVIDEND-INCOME]                            3,187,086
[INTEREST-INCOME]                              773,602
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               3,021,693
[NET-INVESTMENT-INCOME]                        729,223
[REALIZED-GAINS-CURRENT]                    15,314,024
[APPREC-INCREASE-CURRENT]                      573,570
[NET-CHANGE-FROM-OPS]                       16,616,817
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      236,637
[DISTRIBUTIONS-OF-GAINS]                       274,654
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                    252,363,354
[NUMBER-OF-SHARES-REDEEMED]                140,187,007
[SHARES-REINVESTED]                            508,577
[NET-CHANGE-IN-ASSETS]                     112,684,924
[ACCUMULATED-NII-PRIOR]                        243,721
[ACCUMULATED-GAINS-PRIOR]                      120,421
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                            2,067
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                  3,022
[AVERAGE-NET-ASSETS]                       188,290,055
[PER-SHARE-NAV-BEGIN]                             8.50
[PER-SHARE-NII]                                   0.83
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                              0.01
[PER-SHARE-DISTRIBUTIONS]                         0.01
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               9.31
[EXPENSE-RATIO]                                   1.60
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>