<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 0000019532
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 (DELAWARE)
001 B000000 811-1911
001 C000000 8002909826
002 A000000 TWO PORTLAND SQUARE
002 B000000 PORTLAND
002 C000000 ME
002 D010000 04101
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 9
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C020700 SCHRODER INTERNATIONAL BOND FUND
007 C030700 N
007 C010800 8
007 C010900 9
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 FORUM ADMINISTRATIVE SERVICES, LLC
010 C01AA02 PORTLAND
010 C02AA02 ME
010 C03AA02 04101
011 A00AA01 SCHRODER FUND ADVISORS INC.
011 B00AA01 8-40973
011 C01AA01 NEW YORK
<PAGE> PAGE 2
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
014 A00AA01 SCHRODER CAPITAL DISTRIBUTORS INC.
014 B00AA01 8-A-99999
014 A00AA02 WERTHEIM SCHRODER INC
014 B00AA02 8-A-99999
015 A00AA01 CHASE MANHATTAN BANK
015 B00AA01 C
015 C01AA01 LONDON
015 D01AA01 UK
015 E04AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 19
019 C00AA00 SCHRODERSX
020 C000001 0
020 C000002 0
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020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
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020 C000009 0
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022 C000007 0
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022 D000008 0
<PAGE> PAGE 3
022 C000009 0
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040 00AA00 N
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042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
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043 00AA00 0
044 00AA00 0
045 00AA00 Y
<PAGE> PAGE 4
046 00AA00 N
047 00AA00 N
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048 C01AA00 0
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048 E01AA00 0
048 E02AA00 0.000
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 Y
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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 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
<PAGE> PAGE 5
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 10000
062 A00AA00 Y
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
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 100.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 6.9
064 A00AA00 N
064 B00AA00 N
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 Y
069 00AA00 N
077 A000000 Y
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077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
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077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
<PAGE> PAGE 6
078 000000 N
080 A00AA00 FEDERAL INSURANCE COMPANY
080 C00AA00 1400
081 A00AA00 Y
081 B00AA00 19
082 A00AA00 N
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083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
071 A000100 0
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075 A000100 0
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028 A010700 1
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028 D040700 0
028 E010700 151
028 E020700 0
028 E030700 0
028 E040700 0
028 F010700 3
028 F020700 3
028 F030700 0
<PAGE> PAGE 7
028 F040700 0
028 G010700 156
028 G020700 3
028 G030700 0
028 G040700 0
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070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 Y
070 L020700 N
070 M010700 Y
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 Y
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700 0
071 B000700 0
071 C000700 0
071 D000700 0
072 A000700 12
072 B000700 5
072 C000700 0
072 D000700 0
072 E000700 -1
<PAGE> PAGE 8
072 F000700 0
072 G000700 24
072 H000700 0
072 I000700 12
072 J000700 0
072 K000700 0
072 L000700 2
072 M000700 0
072 N000700 13
072 O000700 0
072 P000700 0
072 Q000700 11
072 R000700 11
072 S000700 1
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 0
072 X000700 74
072 Y000700 74
072 Z000700 4
072AA000700 0
072BB000700 2
072CC010700 12
072CC020700 0
072DD010700 3
072DD020700 0
072EE000700 0
073 A010700 0.1300
073 A020700 0.0000
073 B000700 0.0200
073 C000700 0.0000
074 A000700 0
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 229
074 J000700 0
074 K000700 39
074 L000700 1
074 M000700 0
074 N000700 269
074 O000700 0
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
<PAGE> PAGE 9
074 R030700 0
074 R040700 39
074 S000700 0
074 T000700 230
074 U010700 20
074 U020700 0
074 V010700 11.25
074 V020700 0.00
074 W000700 0.0000
074 X000700 1
074 Y000700 0
075 A000700 0
075 B000700 84
076 000700 0.00
SIGNATURE THOMAS SHEEHAN
TITLE ASST. TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SCHRODER INTERNATIONAL BOND FUND ANNUAL REPORT DATED DECEMBER 31, 1998
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<CIK> 0000019532
<NAME> SCHRODER CAPITAL FUNDS (DE)
<SERIES>
<NUMBER> 007
<NAME> INTERNATIONAL BOND FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 229,482
<INVESTMENTS-AT-VALUE> 229,482
<RECEIVABLES> 39,353
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 268,835
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 39,106
<TOTAL-LIABILITIES> 39,106
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 217,861
<SHARES-COMMON-STOCK> 20,421
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,540
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1,997
<ACCUM-APPREC-OR-DEPREC> 12,325
<NET-ASSETS> 229,729
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,848
<OTHER-INCOME> (604)
<EXPENSES-NET> 162
<NET-INVESTMENT-INCOME> 4,082
<REALIZED-GAINS-CURRENT> (1,598)
<APPREC-INCREASE-CURRENT> 12,325
<NET-CHANGE-FROM-OPS> 14,809
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,542
<DISTRIBUTIONS-OF-GAINS> 399
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20,179
<NUMBER-OF-SHARES-REDEEMED> 23
<SHARES-REINVESTED> 265
<NET-CHANGE-IN-ASSETS> 229,729
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 74,034
<AVERAGE-NET-ASSETS> 84,373
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> 1.20
<PER-SHARE-DIVIDEND> 0.13
<PER-SHARE-DISTRIBUTIONS> 0.02
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.25
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
