[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 1
   [NAME] GOVERNMENT MONEY MARKET
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1997
[PERIOD-END]                               AUG-31-1997
[INVESTMENTS-AT-COST]                      387,546,793
[INVESTMENTS-AT-VALUE]                     387,546,793
[RECEIVABLES]                                1,298,137
[ASSETS-OTHER]                                   5,161
[OTHER-ITEMS-ASSETS]                         1,412,916
[TOTAL-ASSETS]                             390,263,007
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,549,576
[TOTAL-LIABILITIES]                          1,549,576
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   387,322,870
[SHARES-COMMON-STOCK]                      387,322,870
[SHARES-COMMON-PRIOR]                      267,304,048
[ACCUMULATED-NII-CURRENT]                       14,541
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                       (38,896)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                             0
[NET-ASSETS]                               388,713,431
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                           18,104,685
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,971,664
[NET-INVESTMENT-INCOME]                     16,133,021
[REALIZED-GAINS-CURRENT]                        17,149
[APPREC-INCREASE-CURRENT]                            0
[NET-CHANGE-FROM-OPS]                       16,150,170
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   16,124,859
[DISTRIBUTIONS-OF-GAINS]                        17,149
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                    849,412,997
[NUMBER-OF-SHARES-REDEEMED]                754,144,058
[SHARES-REINVESTED]                         15,257,421
[NET-CHANGE-IN-ASSETS]                     110,551,671
[ACCUMULATED-NII-PRIOR]                          6,379
[ACCUMULATED-GAINS-PRIOR]                      (54,045)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          490,756
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              2,096,367
[AVERAGE-NET-ASSETS]                       328,610,705
[PER-SHARE-NAV-BEGIN]                             1.00
[PER-SHARE-NII]                                   0.05
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                              0.05
[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>