<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> CONSULTING GROUP CAPITAL MARKETS FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> GOVERNMENT MONEY MARKET
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-END>                               AUG-31-1997
<INVESTMENTS-AT-COST>                      387,546,793
<INVESTMENTS-AT-VALUE>                     387,546,793
<RECEIVABLES>                                1,298,137
<ASSETS-OTHER>                                   5,161
<OTHER-ITEMS-ASSETS>                         1,412,916
<TOTAL-ASSETS>                             390,263,007
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,549,576
<TOTAL-LIABILITIES>                          1,549,576
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   387,322,870
<SHARES-COMMON-STOCK>                      387,322,870
<SHARES-COMMON-PRIOR>                      267,304,048
<ACCUMULATED-NII-CURRENT>                       14,541
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (38,896)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               388,713,431
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           18,104,685
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,971,664
<NET-INVESTMENT-INCOME>                     16,133,021
<REALIZED-GAINS-CURRENT>                        17,149
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       16,150,170
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   16,124,859
<DISTRIBUTIONS-OF-GAINS>                        17,149
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    849,412,997
<NUMBER-OF-SHARES-REDEEMED>                754,144,058
<SHARES-REINVESTED>                         15,257,421
<NET-CHANGE-IN-ASSETS>                     110,551,671
<ACCUMULATED-NII-PRIOR>                          6,379
<ACCUMULATED-GAINS-PRIOR>                      (54,045)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          490,756
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,096,367
<AVERAGE-NET-ASSETS>                       328,610,705
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              0.05
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>