<PAGE> PAGE 1
000 A000000 06/30/99
000 C000000 0001029803
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 II
001 B000000 811-7993
001 C000000 2126413849
002 A000000 787 SEVENTH AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003 000000 N
004 000000 Y
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 SCHRODER INTERNATIONAL BOND PORTFOLIO
007 C030100 Y
008 A00AA01 SCHRODER CAPITAL MANAGEMENT INTERNATIONAL INC
008 B00AA01 A
008 C00AA01 801-15834
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10019
010 A00AA01 SCHRODER FUND ADVISORS INC.
010 B00AA01 8-40973
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10019
010 A00AA02 DELETE
011 A00AA01 SCHRODER FUND ADVISORS INC.
011 B00AA01 8-40973
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
012 A00AA01 FORUM SHAREHOLDER SERVICES, LLC
012 B00AA01 84-5777
012 C01AA01 PORTLAND
012 C02AA01 ME
012 C03AA01 04101
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
<PAGE> PAGE 2
014 A00AA01 SCHRODER FUND ADVISORS INC.
014 B00AA01 8-40973
014 A00AA02 SCHRODER & CO.
014 B00AA02 8-99999
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02111
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 17
019 C00AA00 SCHRODERSX
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 MORGAN STANLEY & CO.
022 B000001 13-2655998
022 C000001 3053
022 D000001 1811
022 A000002 ABN AMRO BANK N.V.
022 C000002 2505
022 D000002 1910
022 A000003 NORMURA SECURITIES INTL, INC.
022 B000003 13-2642206
022 C000003 1118
022 D000003 740
022 A000004 DEUTSCHE BANK SECURITIES CORP.
022 B000004 13-2730828
022 C000004 822
022 D000004 1029
022 A000005 SALOMON BROTHERS INT'L.
022 B000005 13-3082694
022 C000005 971
022 D000005 390
022 A000006 GOLDMAN SACHS INT'L.
022 B000006 13-5108880
022 C000006 0
022 D000006 426
022 A000007 LEHMAN BROTHERS INT'L.
022 B000007 13-2518466
022 C000007 203
<PAGE> PAGE 3
022 D000007 0
022 A000008 CHASE MANHATTAN BANK
022 B000008 13-3112953
022 C000008 -64
022 D000008 0
022 A000009 BARCLAY'S (LOC)
022 C000009 -213
022 D000009 -2
022 A000010 MERRILL LYNCH INT'L
022 B000010 13-5674085
022 C000010 -672
022 D000010 -1
023 C000000 8753
023 D000000 7047
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A01AA00 601
028 A02AA00 0
028 A03AA00 0
028 A04AA00 3
028 B01AA00 600
028 B02AA00 0
028 B03AA00 0
028 B04AA00 0
028 C01AA00 2
028 C02AA00 0
028 C03AA00 0
028 C04AA00 160
028 D01AA00 7
028 D02AA00 0
028 D03AA00 0
028 D04AA00 0
028 E01AA00 304
028 E02AA00 0
<PAGE> PAGE 4
028 E03AA00 0
028 E04AA00 11231
028 F01AA00 0
028 F02AA00 0
028 F03AA00 0
028 F04AA00 0
028 G01AA00 1514
028 G02AA00 0
028 G03AA00 0
028 G04AA00 11394
028 H00AA00 0
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
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.500
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
<PAGE> PAGE 5
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
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 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 Y
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 N
060 B00AA00 N
061 00AA00 2000000
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
<PAGE> PAGE 6
062 I00AA00 0.0
062 J00AA00 0.0
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
063 A00AA00 0
063 B00AA00 0.0
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 Y
069 00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 Y
070 H02AA00 N
070 I01AA00 Y
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 Y
070 M01AA00 Y
070 M02AA00 Y
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 Y
070 Q02AA00 N
<PAGE> PAGE 7
070 R01AA00 Y
070 R02AA00 N
071 A00AA00 6734
071 B00AA00 5552
071 C00AA00 9605
071 D00AA00 58
072 A00AA00 6
072 B00AA00 228
072 C00AA00 0
072 D00AA00 0
072 E00AA00 0
072 F00AA00 20
072 G00AA00 14
072 H00AA00 0
072 I00AA00 5
072 J00AA00 0
072 K00AA00 0
072 L00AA00 0
072 M00AA00 1
072 N00AA00 0
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 27
072 R00AA00 1
072 S00AA00 0
072 T00AA00 0
072 U00AA00 1
072 V00AA00 1
072 W00AA00 0
072 X00AA00 70
072 Y00AA00 41
072 Z00AA00 199
072AA00AA00 47
072BB00AA00 0
072CC01AA00 0
072CC02AA00 0
072DD01AA00 0
072DD02AA00 0
072EE00AA00 0
073 A01AA00 0.0000
073 A02AA00 0.0000
073 B00AA00 0.0000
073 C00AA00 0.0000
074 A00AA00 0
074 B00AA00 0
074 C00AA00 0
074 D00AA00 0
074 E00AA00 0
074 F00AA00 0
074 G00AA00 0
074 H00AA00 0
<PAGE> PAGE 8
074 I00AA00 0
074 J00AA00 0
074 K00AA00 0
074 L00AA00 0
074 M00AA00 0
074 N00AA00 0
074 O00AA00 0
074 P00AA00 0
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 0
074 S00AA00 0
074 T00AA00 0
074 U01AA00 0
074 U02AA00 0
074 V01AA00 0.00
074 V02AA00 0.00
074 W00AA00 0.0000
074 X00AA00 0
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 10012
076 00AA00 0.00
077 A000000 N
078 000000 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
086 A01AA00 0
086 A02AA00 0
086 B01AA00 0
086 B02AA00 0
086 C01AA00 0
086 C02AA00 0
086 D01AA00 0
<PAGE> PAGE 9
086 D02AA00 0
086 E01AA00 0
086 E02AA00 0
086 F01AA00 0
086 F02AA00 0
SIGNATURE THOMAS SHEEHAN
TITLE ASST. TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM THE SCHRODER INTERNATIONAL BOND FUND
SEMI-ANNUAL REPORT DATED JUNE 30, 1999, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<CIK>0001029803
<SERIES>
<NUMBER> 010
<NAME> INTERNATIONAL BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<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> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 227,877
<OTHER-INCOME> 0
<EXPENSES-NET> (28,648)
<NET-INVESTMENT-INCOME> 199,229
<REALIZED-GAINS-CURRENT> 47,098
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 246,327
<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> (9,633,498)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 20,298
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 70,315
<AVERAGE-NET-ASSETS> 10,011,814
<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> .71
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
SCHRODER INVESTMENT MANAGEMENT NORTH
AMERICA INC.
787 Seventh Avenue
New York, NY 10019-6091
Telephone: 212-641-3830
August 27, 1999
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Schroder Capital Funds II
(the "Trust") (File No. 811-
7993)
Ladies and Gentlemen:
Pursuant to Section 30(b) under the
Investment Company Act of 1940 and Rule
30b1-1 thereunder, enclosed for filing
by electronic submission via EDGAR is
the Trust's semi-annual report on Form N-
SAR (the "Report") for its most recent
fiscal period. The Report contains
information for Schroder International
Bond Portfolio (the "Portfolio), the
sole series of the Trust.
Please note that the filing
includes information through May 28,
1999, the date upon which the Portfolio
made distributions in redemption of all
but one of its outstanding shareholders.
Pursuant to instructions of the
Portfolio's sole remaining shareholder,
the Portfolio did not conduct
substantial investment company business
operations after May 28, 1999 and
subsequently made a single in kind
liquidating distribution to such
shareholder. On August 2, 1999,
Schroder Capital Funds II filed an
application on Form N-8F for an order
from the Commission to deregister as an
investment company under the Investment
Company Act of 1940. This filing is the
Trust's and the Portfolio's final filing
under Form N-SAR.
Please contact the undersigned at
(212) 641-3849 with any questions or
comments regarding the Report.
Very truly
yours,
/s/
Alexandra Poe
Alexandra
Poe
President
