WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> Small Capitalization Growth Investments
<SERIES>
   <NUMBER>010
   <NAME>Consulting Group Capital Markets Funds

<S>                             <C>
<PERIOD-TYPE>                  1-year
<FISCAL-YEAR-END>                               Aug-31-2000
<PERIOD-END>                                    Aug-31-2000
<INVESTMENTS-AT-COST>                         1,314,970,867
<INVESTMENTS-AT-VALUE>                        1,569,523,716
<RECEIVABLES>                                    29,782,856
<ASSETS-OTHER>                                  235,734,605
<OTHER-ITEMS-ASSETS>                                      0
<TOTAL-ASSETS>                                1,835,041,177
<PAYABLE-FOR-SECURITIES>                         23,375,809
<SENIOR-LONG-TERM-DEBT>                                   0
<OTHER-ITEMS-LIABILITIES>                       239,608,868
<TOTAL-LIABILITIES>                             262,984,677
<SENIOR-EQUITY>                                           0
<PAID-IN-CAPITAL-COMMON>                      1,006,908,074
<SHARES-COMMON-STOCK>                            64,528,190
<SHARES-COMMON-PRIOR>                            61,876,562
<ACCUMULATED-NII-CURRENT>                            38,867
<OVERDISTRIBUTION-NII>                                    0
<ACCUMULATED-NET-GAINS>                         310,437,160
<OVERDISTRIBUTION-GAINS>                                  0
<ACCUM-APPREC-OR-DEPREC>                        254,672,399
<NET-ASSETS>                                  1,572,056,500
<DIVIDEND-INCOME>                                 2,705,773
<INTEREST-INCOME>                                 4,122,281
<OTHER-INCOME>                                            0
<EXPENSES-NET>                                   13,967,637
<NET-INVESTMENT-INCOME>                          (7,139,583)
<REALIZED-GAINS-CURRENT>                        341,232,577
<APPREC-INCREASE-CURRENT>                       208,778,024
<NET-CHANGE-FROM-OPS>                           542,871,018
<EQUALIZATION>                                            0
<DISTRIBUTIONS-OF-INCOME>                                 0
<DISTRIBUTIONS-OF-GAINS>                        126,863,990
<DISTRIBUTIONS-OTHER>                                     0
<NUMBER-OF-SHARES-SOLD>                          34,624,515
<NUMBER-OF-SHARES-REDEEMED>                      38,404,335
<SHARES-REINVESTED>                               6,431,448
<NET-CHANGE-IN-ASSETS>                          462,680,956
<ACCUMULATED-NII-PRIOR>                              26,508
<ACCUMULATED-GAINS-PRIOR>                       102,156,970
<OVERDISTRIB-NII-PRIOR>                                   0
<OVERDIST-NET-GAINS-PRIOR>                                0
<GROSS-ADVISORY-FEES>                            11,666,417
<INTEREST-EXPENSE>                                        0
<GROSS-EXPENSE>                                  13,967,637
<AVERAGE-NET-ASSETS>                          1,428,593,787
<PER-SHARE-NAV-BEGIN>                                17.930
<PER-SHARE-NII>                                      (0.110)
<PER-SHARE-GAIN-APPREC>                               8.660
<PER-SHARE-DIVIDEND>                                  0.000
<PER-SHARE-DISTRIBUTIONS>                             2.120
<RETURNS-OF-CAPITAL>                                  0.000
<PER-SHARE-NAV-END>                                  24.360
<EXPENSE-RATIO>                                        0.98



</TABLE>