[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 12
   [NAME] INTERNATIONAL FIXED INCOME INVESTMENTS FUND
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1998
[PERIOD-END]                               FEB-28-1998
[INVESTMENTS-AT-COST]                      120,664,879
[INVESTMENTS-AT-VALUE]                     119,096,459
[RECEIVABLES]                                4,114,386
[ASSETS-OTHER]                              17,170,885
[OTHER-ITEMS-ASSETS]                         3,450,000
[TOTAL-ASSETS]                             143,831,730
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    4,472,209
[TOTAL-LIABILITIES]                          4,472,209
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   146,679,217
[SHARES-COMMON-STOCK]                       17,047,398
[SHARES-COMMON-PRIOR]                       15,299,555
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                       7,066,920
[ACCUMULATED-NET-GAINS]                      1,430,854
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   (1,683,630)
[NET-ASSETS]                               139,359,521
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            4,398,725
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 646,812
[NET-INVESTMENT-INCOME]                      3,751,913
[REALIZED-GAINS-CURRENT]                     (791,637)
[APPREC-INCREASE-CURRENT]                    4,101,372
[NET-CHANGE-FROM-OPS]                        7,061,648
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    3,868,587
[DISTRIBUTIONS-OF-GAINS]                     3,734,935
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      5,777,169
[NUMBER-OF-SHARES-REDEEMED]                  4,848,049
[SHARES-REINVESTED]                            818,723
[NET-CHANGE-IN-ASSETS]                      13,749,038
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                    1,715,170
[OVERDISTRIB-NII-PRIOR]                      2,707,990
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          331,561
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                331,561
[AVERAGE-NET-ASSETS]                       134,572,608
[PER-SHARE-NAV-BEGIN]                             8.21
[PER-SHARE-NII]                                   0.25
[PER-SHARE-GAIN-APPREC]                           0.18
[PER-SHARE-DIVIDEND]                              0.24
[PER-SHARE-DISTRIBUTIONS]                         0.23
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.17
[EXPENSE-RATIO]                                   0.96
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>