[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 1
   [NAME] GOVERNMENT MONEY INVESTMENTS FUND
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1998
[PERIOD-END]                               FEB-28-1998
[INVESTMENTS-AT-COST]                      457,059,607
[INVESTMENTS-AT-VALUE]                     457,059,607
[RECEIVABLES]                                3,366,836
[ASSETS-OTHER]                                   1,138
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             460,427,581
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,050,018
[TOTAL-LIABILITIES]                          1,050,018
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   458,891,709
[SHARES-COMMON-STOCK]                      459,351,060
[SHARES-COMMON-PRIOR]                      387,322,870
[ACCUMULATED-NII-CURRENT]                       46,377
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                       (19,874)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                             0
[NET-ASSETS]                               459,377,563
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                           12,078,241
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,294,005
[NET-INVESTMENT-INCOME]                     10,784,236
[REALIZED-GAINS-CURRENT]                      (17,022)
[APPREC-INCREASE-CURRENT]                            0
[NET-CHANGE-FROM-OPS]                       10,801,258
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   10,752,400
[DISTRIBUTIONS-OF-GAINS]                        17,022
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                    704,045,775
[NUMBER-OF-SHARES-REDEEMED]                644,276,663
[SHARES-REINVESTED]                         10,846,162
[NET-CHANGE-IN-ASSETS]                      70,664,132
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          322,590
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,294,005
[AVERAGE-NET-ASSETS]                       433,745,881
[PER-SHARE-NAV-BEGIN]                             1.00
[PER-SHARE-NII]                                   0.02
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                              0.02
[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>