[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 3
   [NAME] LONG-TERM BOND INVESTMENT
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1998
[PERIOD-END]                               AUG-31-1998
[INVESTMENTS-AT-COST]                      141,536,687
[INVESTMENTS-AT-VALUE]                     155,185,062
[RECEIVABLES]                                3,189,419
[ASSETS-OTHER]                               1,750,999
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             160,125,480
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    2,513,146
[TOTAL-LIABILITIES]                          2,513,146
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   138,906,164
[SHARES-COMMON-STOCK]                       17,408,685
[SHARES-COMMON-PRIOR]                       22,168,211
[ACCUMULATED-NII-CURRENT]                    4,912,591
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      4,912,591
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    13,648,375
[NET-ASSETS]                               157,612,334
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                           11,940,443
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,441,718
[NET-INVESTMENT-INCOME]                     10,498,725
[REALIZED-GAINS-CURRENT]                     5,797,072
[APPREC-INCREASE-CURRENT]                   10,550,443
[NET-CHANGE-FROM-OPS]                       26,846,240
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   10,320,616
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      8,159,860
[NUMBER-OF-SHARES-REDEEMED]                 14,181,520
[SHARES-REINVESTED]                          1,262,134
[NET-CHANGE-IN-ASSETS]                    (25,439,004)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                         32,905
[OVERDIST-NET-GAINS-PRIOR]                     884,481
[GROSS-ADVISORY-FEES]                        1,055,978
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,441,718
[AVERAGE-NET-ASSETS]                       176,272,367
[PER-SHARE-NAV-BEGIN]                             8.26
[PER-SHARE-NII]                                   0.52
[PER-SHARE-GAIN-APPREC]                           0.78
[PER-SHARE-DIVIDEND]                              0.51
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               9.05
[EXPENSE-RATIO]                                   0.82
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>