<PAGE> PAGE 1
000 A000000 04/30/96
000 C000000 0001003159
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 2.2
000 J000000 A
001 A000000 SCHRODER CAPITAL FUNDS, INC.
001 B000000 811-9130
001 C000000 2078798909
002 A000000 2 PORTLAND SQUARE
002 B000000 PORTLAND
002 C000000 ME
002 D010000 04101
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 INTERNATIONAL EQUITY FUND (PORTFOLIO)
007 C030100 N
007 C010200 2
007 C020200 SCHRODER EMERGING MARKETS FUND (CORE)
007 C030200 N
008 A00AA01 SCHRODER CAPITAL MANAGEMENT INTERNATIONAL INC
008 B00AA01 A
008 C00AA01 801-15843
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10019
012 A00AA01 FORUM FINANCIAL CORP.
012 B00AA01 84-01612
012 C01AA01 PORTLAND
012 C02AA01 ME
012 C03AA01 04112
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
014 A00AA01 SCHRODER CAPITAL DISTRIBUTORS, INC.
014 B00AA01 8-A-40973
014 A00AA02 WERTHEIM, SCHRODER INC.
014 B00AA02 8-A-99999
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 UBS LIMITED
<PAGE> PAGE 2
020 C000001 85
020 A000002 CREDIT LYONNAIS
020 C000002 82
020 A000003 J.P. MORGAN SECURITIES
020 C000003 58
020 A000004 BARING SECURITIES LTD
020 C000004 52
020 A000005 SBC WARBURG SECURITIES
020 C000005 48
020 A000006 JAMES CAPEL & CO
020 C000006 45
020 A000007 JARDINE FLEMING SECURITIES
020 C000007 37
020 A000008 MERRILL LYNCH
020 C000008 36
020 A000009 ROBERT FLEMING SECURITIES
020 C000009 34
020 A000010 CROSBY SECURITIES
020 C000010 25
021 000000 502
022 A000001 ROBERT FLEMING & CO
022 C000001 3763
022 D000001 1156
022 A000002 MERRILL LYNCH
022 C000002 1296
022 D000002 2382
022 A000003 JAMES CAPEL & CO
022 C000003 2265
022 D000003 1054
022 A000004 WARBURG SECURITIES
022 C000004 1508
022 D000004 1731
022 A000005 CREDIT LYONNAIS
022 C000005 2443
022 D000005 181
022 A000006 BZW SECURITIES
022 C000006 1956
022 D000006 594
022 A000007 SBC WARBURG
022 C000007 738
022 D000007 627
022 A000008 NATWEST SECURITIES
022 C000008 814
022 D000008 202
022 A000009 UBS LIMITED
022 C000009 0
022 D000009 989
022 A000010 GOLDMAN
022 C000010 0
022 D000010 575
023 C000000 14783
<PAGE> PAGE 3
023 D000000 9491
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
<PAGE> PAGE 4
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
077 A000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 B00AA00 0
084 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
015 A000101 CHASE MANHATTAN BANK, N.A.
015 B000101 C
015 C010101 LONDON
015 D010101 UNITED KINGDOM
015 D020101 EC2P 2HD
015 E040101 X
024 000100 N
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 214798
028 A020100 0
028 A030100 0
028 A040100 251
028 B010100 6169
028 B020100 0
028 B030100 0
028 B040100 18182
028 C010100 3153
028 C020100 0
<PAGE> PAGE 5
028 C030100 0
028 C040100 3981
028 D010100 1887
028 D020100 0
028 D030100 0
028 D040100 3144
028 E010100 1465
028 E020100 0
028 E030100 0
028 E040100 1043
028 F010100 857
028 F020100 0
028 F030100 0
028 F040100 1289
028 G010100 228329
028 G020100 0
028 G030100 0
028 G040100 27890
028 H000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 N
041 000100 N
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 0
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.450
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
<PAGE> PAGE 6
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
058 A000100 N
058 B000100 N
058 C000100 N
058 D000100 N
058 E000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 2500
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 Y
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
<PAGE> PAGE 7
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 34771
071 B000100 42881
071 C000100 182366
071 D000100 19
072 A000100 6
072 B000100 34
072 C000100 1685
072 D000100 0
072 E000100 0
072 F000100 481
072 G000100 160
072 H000100 0
072 I000100 7
072 J000100 68
072 K000100 0
072 L000100 0
072 M000100 10
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 36
072 R000100 0
072 S000100 8
072 T000100 0
072 U000100 1
072 V000100 0
072 W000100 39
072 X000100 810
072 Y000100 28
072 Z000100 937
072AA000100 2127
072BB000100 0
<PAGE> PAGE 8
072CC010100 21878
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 3725
074 B000100 0
074 C000100 0
074 D000100 0
074 E000100 2358
074 F000100 217642
074 G000100 0
074 H000100 0
074 I000100 265
074 J000100 1656
074 K000100 0
074 L000100 837
074 M000100 11
074 N000100 226494
074 O000100 980
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 133
074 S000100 0
074 T000100 225381
074 U010100 0
074 U020100 0
074 V010100 0.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 0
074 Y000100 0
075 A000100 0
075 B000100 215119
076 000100 0.00
015 A000201 CHASE MANHATTAN BANK N.A.
015 B000201 C
015 C010201 LONDON
015 D010201 UNITED KINGDOM
015 D020201 EC2P 2HD
015 E040201 X
024 000200 N
025 D000201 0
025 D000202 0
<PAGE> PAGE 9
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 48481
028 A020200 0
028 A030200 0
028 A040200 13
028 B010200 11000
028 B020200 0
028 B030200 0
028 B040200 6
028 C010200 6999
028 C020200 0
028 C030200 0
028 C040200 109
028 D010200 24850
028 D020200 0
028 D030200 0
028 D040200 17
028 E010200 10316
028 E020200 0
028 E030200 0
028 E040200 0
028 F010200 374
028 F020200 0
028 F030200 0
028 F040200 0
028 G010200 102020
028 G020200 0
028 G030200 0
028 G040200 145
028 H000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 N
041 000200 N
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 0
044 000200 0
045 000200 Y
<PAGE> PAGE 10
046 000200 N
047 000200 Y
048 000200 1.000
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
058 A000200 N
058 B000200 N
058 C000200 N
058 D000200 N
058 E000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 250000
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 Y
069 000200 N
070 A010200 N
<PAGE> PAGE 11
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 92524
071 B000200 11724
071 C000200 77639
071 D000200 15
072 A000200 6
072 B000200 191
072 C000200 887
072 D000200 0
072 E000200 0
072 F000200 390
072 G000200 58
072 H000200 0
072 I000200 6
072 J000200 102
072 K000200 0
072 L000200 0
<PAGE> PAGE 12
072 M000200 4
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 30
072 R000200 0
072 S000200 3
072 T000200 0
072 U000200 1
072 V000200 0
072 W000200 12
072 X000200 606
072 Y000200 98
072 Z000200 570
072AA000200 0
072BB000200 996
072CC010200 9229
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 4048
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 9423
074 F000200 96851
074 G000200 0
074 H000200 0
074 I000200 463
074 J000200 114
074 K000200 0
074 L000200 623
074 M000200 11
074 N000200 111533
074 O000200 721
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 133
074 S000200 0
074 T000200 110679
074 U010200 0
074 U020200 0
074 V010200 0.00
<PAGE> PAGE 13
074 V020200 0.00
074 W000200 0.0000
074 X000200 0
074 Y000200 0
075 A000200 78361
075 B000200 0
076 000200 0.00
SIGNATURE RICHARD BUTT
TITLE OPERATIONS
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
International Equity Fund (Portfolio) financial statements dated April
30, 1996 and is qualified in its entirety by refernce to such report.
</LEGEND>
<CIK> 0001003159
<NAME> SCHRODER CAPITAL FUNDS - CORE
<SERIES>
<NUMBER> 001
<NAME> INTERNATIONAL EQUITY FUND (PORTFOLIO)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 198451388
<INVESTMENTS-AT-VALUE> 220264184
<RECEIVABLES> 2493606
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 3736183
<TOTAL-ASSETS> 226493973
<PAYABLE-FOR-SECURITIES> 979724
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 132688
<TOTAL-LIABILITIES> 1112412
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 203503005
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 21878556
<NET-ASSETS> 225381561
<DIVIDEND-INCOME> 1685423
<INTEREST-INCOME> 33499
<OTHER-INCOME> 0
<EXPENSES-NET> 782278
<NET-INVESTMENT-INCOME> 936644
<REALIZED-GAINS-CURRENT> 2127548
<APPREC-INCREASE-CURRENT> 21878556
<NET-CHANGE-FROM-OPS> 24942748
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 200438813
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 481373
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 809801
<AVERAGE-NET-ASSETS> 215119115
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> .73
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
EMERGING MARKETS FUND- CORE FINANCIAL STATEMENTS DATED APRIL 30,1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERNCE TO SUCH REPORT.
</LEGEND>
<CIK> 0001003159
<NAME> SCHRODER CAPITAL FUNDS - CORE
<SERIES>
<NUMBER> 002
<NAME> EMERGING MARKETS FUND - CORE
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 97505960
<INVESTMENTS-AT-VALUE> 106736686
<RECEIVABLES> 736583
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 4059340
<TOTAL-ASSETS> 111532609
<PAYABLE-FOR-SECURITIES> 720788
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 132417
<TOTAL-LIABILITIES> 853205
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 101449970
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9229434
<NET-ASSETS> 110679404
<DIVIDEND-INCOME> 887337
<INTEREST-INCOME> 190500
<OTHER-INCOME> 0
<EXPENSES-NET> 507754
<NET-INVESTMENT-INCOME> 570083
<REALIZED-GAINS-CURRENT> (995659)
<APPREC-INCREASE-CURRENT> 9229434
<NET-CHANGE-FROM-OPS> 8803858
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 101875546
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 389662
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 606069
<AVERAGE-NET-ASSETS> 78360711
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 1.3
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
