RUSSELL FRANK INVESTMENTS CAYMAN LTD
13F-NT, 2000-11-06
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:             September 30, 2000
                                                       -------------------------

Check here if Amendment [ ]; Amendment Number:
                                                       -------------------------

              This Amendment (Check only one.):   [ ] is a restatement.
                                                  [ ] adds new holdings entries

Institutional Investment Manager Filing this Report:

Name:      Frank Russell Investments (Cayman) Limited
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Address:   909 A Street
           Tacoma, WA 98402
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Form 13F File Number:   28-5101
                        --------------------

The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists and tables, are considered integral parts of
this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:      Mark E. Swanson
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Title:     Director, Fund Administration
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Phone:     (253) 596-2493
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/s/ Mark Swanson                      Tacoma, WA             October 25, 2000
------------------------------    --------------------    ----------------------
[Signature]                          [City, State]                 [Date]

Report Type (Check only one.):

[ ]  13F HOLDINGS REPORT.

[X]  13F NOTICE.

[ ]  13F COMBINATION REPORT.

List of Other Managers Reporting for this Manager:

              Form 13F File Number                     Name
              ------------------------------    ------------------------
              28-1190                           Frank Russell Company



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