0001193125-04-181688 Sample Contracts

CONSULTING GROUP CAPITAL MARKETS FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 29th, 2004 • Consulting Group Capital Markets Funds • New York

Under an agreement (the “Management Agreement”) between the Consulting Group Capital Markets Funds, a Massachusetts business trust (the “Trust”), and Smith Barney Fund Management LLC, (the “Manager”), the Manager serves as the Trust’s investment manager and has the responsibility of evaluating, recommending, supervising and compensating investment advisers to each series of the Trust.

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CONSULTING GROUP CAPITAL MARKETS FUNDS AMENDMENT NO. 14 TO MASTER TRUST AGREEMENT
Master Trust Agreement • October 29th, 2004 • Consulting Group Capital Markets Funds

AMENDMENT NO. 14 (the “Amendment”) to the Master Trust Agreement dated April 12, 1991 (the “Agreement”) of Consulting Group Capital Markets Funds (the “Trust”), dated as of the 15th day of June, 2004 for effectiveness as of the Effective Date (as defined below).

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