[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 3
   [NAME] LONG TERM BOND
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1997
[PERIOD-END]                               AUG-31-1997
[INVESTMENTS-AT-COST]                      177,205,844
[INVESTMENTS-AT-VALUE]                     180,303,776
[RECEIVABLES]                                6,506,427
[ASSETS-OTHER]                                     630
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             186,810,833
[PAYABLE-FOR-SECURITIES]                     3,363,156
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      396,338
[TOTAL-LIABILITIES]                          3,759,494
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   180,971,915
[SHARES-COMMON-STOCK]                       22,168,211
[SHARES-COMMON-PRIOR]                       19,700,187
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                         134,028
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                       884,481
[ACCUM-APPREC-OR-DEPREC]                     3,097,932
[NET-ASSETS]                               183,051,338
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                           12,336,611
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,306,973
[NET-INVESTMENT-INCOME]                     11,029,638
[REALIZED-GAINS-CURRENT]                       856,804
[APPREC-INCREASE-CURRENT]                    8,391,452
[NET-CHANGE-FROM-OPS]                       20,277,894
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   12,361,043
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      7,921,913
[NUMBER-OF-SHARES-REDEEMED]                  7,025,278
[SHARES-REINVESTED]                          1,461,383
[NET-CHANGE-IN-ASSETS]                      27,141,768
[ACCUMULATED-NII-PRIOR]                      1,197,377
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                   1,741,285
[GROSS-ADVISORY-FEES]                          672,437
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,306,973
[AVERAGE-NET-ASSETS]                       168,644,071
[PER-SHARE-NAV-BEGIN]                             7.87
[PER-SHARE-NII]                                   0.53
[PER-SHARE-GAIN-APPREC]                           0.46
[PER-SHARE-DIVIDEND]                              0.60
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.26
[EXPENSE-RATIO]                                   0.78
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>