<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> CONSULTING GROUP CAPITAL MARKETS FUNDS
<SERIES>
   <NUMBER> 5
   <NAME> MORTGAGE BACK
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-END>                               AUG-31-1997
<INVESTMENTS-AT-COST>                      175,097,985
<INVESTMENTS-AT-VALUE>                     174,967,767
<RECEIVABLES>                                1,211,816
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               784
<TOTAL-ASSETS>                             176,180,367
<PAYABLE-FOR-SECURITIES>                    39,130,781
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      463,480
<TOTAL-LIABILITIES>                         39,594,261
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   137,038,310
<SHARES-COMMON-STOCK>                       17,150,121
<SHARES-COMMON-PRIOR>                       15,617,018
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          27,006
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       294,980
<ACCUM-APPREC-OR-DEPREC>                     (130,218)
<NET-ASSETS>                               136,586,106
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            8,835,599
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,024,815
<NET-INVESTMENT-INCOME>                      7,810,784
<REALIZED-GAINS-CURRENT>                       797,680
<APPREC-INCREASE-CURRENT>                    3,179,907
<NET-CHANGE-FROM-OPS>                       11,787,907
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    8,289,597
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,117,755
<NUMBER-OF-SHARES-REDEEMED>                  4,592,708
<SHARES-REINVESTED>                          1,008,056
<NET-CHANGE-IN-ASSETS>                      15,640,770
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                         28,072
<OVERDIST-NET-GAINS-PRIOR>                   1,092,660
<GROSS-ADVISORY-FEES>                          642,610
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,197,777
<AVERAGE-NET-ASSETS>                       128,399,656
<PER-SHARE-NAV-BEGIN>                             7.74
<PER-SHARE-NII>                                   0.48
<PER-SHARE-GAIN-APPREC>                           0.25
<PER-SHARE-DIVIDEND>                              0.51
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.96
<EXPENSE-RATIO>                                   0.80
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>