[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITALIZATION MARKETS FUNDS
[SERIES]
   [NUMBER] 14
   [NAME] HIGH YIELD INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1998
[PERIOD-END]                               AUG-31-1998
[INVESTMENTS-AT-COST]                       93,550,520
[INVESTMENTS-AT-VALUE]                      91,250,612
[RECEIVABLES]                                4,304,153
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              95,554,765
[PAYABLE-FOR-SECURITIES]                    13,662,713
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    5,335,270
[TOTAL-LIABILITIES]                         18,997,983
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    78,287,765
[SHARES-COMMON-STOCK]                        9,698,541
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                      516,938
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                         51,987
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   (2,299,908)
[NET-ASSETS]                                76,556,782
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                              601,078
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                  84,140
[NET-INVESTMENT-INCOME]                        516,938
[REALIZED-GAINS-CURRENT]                        51,987
[APPREC-INCREASE-CURRENT]                  (2,299,908)
[NET-CHANGE-FROM-OPS]                      (1,720,983)
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     10,454,792
[NUMBER-OF-SHARES-REDEEMED]                    756,251
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                      76,556,782
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                           47,537
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                170,119
[AVERAGE-NET-ASSETS]                        51,184,832
[PER-SHARE-NAV-BEGIN]                             8.00
[PER-SHARE-NII]                                   0.05
[PER-SHARE-GAIN-APPREC]                         (0.16)
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               7.89
[EXPENSE-RATIO]                                   1.20
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>