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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> High Yield Investments
<SERIES>
   <NUMBER>014
   <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>                           179,944,938
<INVESTMENTS-AT-VALUE>                          156,918,318
<RECEIVABLES>                                     7,335,157
<ASSETS-OTHER>                                       42,721
<OTHER-ITEMS-ASSETS>                                      0
<TOTAL-ASSETS>                                  164,296,196
<PAYABLE-FOR-SECURITIES>                                  0
<SENIOR-LONG-TERM-DEBT>                                   0
<OTHER-ITEMS-LIABILITIES>                           239,855
<TOTAL-LIABILITIES>                                 239,855
<SENIOR-EQUITY>                                           0
<PAID-IN-CAPITAL-COMMON>                        199,284,814
<SHARES-COMMON-STOCK>                            28,063,740
<SHARES-COMMON-PRIOR>                            21,163,554
<ACCUMULATED-NII-CURRENT>                                 0
<OVERDISTRIBUTION-NII>                                    0
<ACCUMULATED-NET-GAINS>                         (12,201,853)
<OVERDISTRIBUTION-GAINS>                                  0
<ACCUM-APPREC-OR-DEPREC>                        (23,026,620)
<NET-ASSETS>                                    164,056,341
<DIVIDEND-INCOME>                                    35,990
<INTEREST-INCOME>                                14,171,002
<OTHER-INCOME>                                            0
<EXPENSES-NET>                                    1,359,792
<NET-INVESTMENT-INCOME>                          12,847,200
<REALIZED-GAINS-CURRENT>                        (11,062,296)
<APPREC-INCREASE-CURRENT>                       (12,302,098)
<NET-CHANGE-FROM-OPS>                           (10,517,194)
<EQUALIZATION>                                            0
<DISTRIBUTIONS-OF-INCOME>                        12,945,390
<DISTRIBUTIONS-OF-GAINS>                                  0
<DISTRIBUTIONS-OTHER>                             1,636,145
<NUMBER-OF-SHARES-SOLD>                          18,165,693
<NUMBER-OF-SHARES-REDEEMED>                      13,562,721
<SHARES-REINVESTED>                               2,297,214
<NET-CHANGE-IN-ASSETS>                            8,999,762
<ACCUMULATED-NII-PRIOR>                             110,603
<ACCUMULATED-GAINS-PRIOR>                        (1,151,970)
<OVERDISTRIB-NII-PRIOR>                                   0
<OVERDIST-NET-GAINS-PRIOR>                                0
<GROSS-ADVISORY-FEES>                             1,025,560
<INTEREST-EXPENSE>                                        0
<GROSS-EXPENSE>                                   1,359,792
<AVERAGE-NET-ASSETS>                            113,665,351
<PER-SHARE-NAV-BEGIN>                                 7.330
<PER-SHARE-NII>                                       0.690
<PER-SHARE-GAIN-APPREC>                              (1.370)
<PER-SHARE-DIVIDEND>                                  0.710
<PER-SHARE-DISTRIBUTIONS>                             0.090
<RETURNS-OF-CAPITAL>                                  0.000
<PER-SHARE-NAV-END>                                   5.850
<EXPENSE-RATIO>                                        1.20



</TABLE>