<PAGE>
POWER OF ATTORNEY
We, the undersigned Trustees and/or officers of Schroder Capital Funds
(Delaware), hereby severally constitute and appoint Catherine A. Mazza,
Alexandra Poe, Carin F. Muhlbaum, and Timothy W. Diggins as his or her true and
lawful attorneys, with full power to each of them individually, to sign for us,
and in our name and in the capacities indicated below, any and all amendments
(including post-effective amendments) to the Registration Statement of Schroder
Capital Funds (Delaware) on Form N-14 and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and
Exchange Commission, granting unto each of said attorneys full power and
authority to do and perform each and every act and thing requisite or necessary
to be done in the premises, as fully to all intents and purposes as said
attorney might or could do in person, hereby ratifying and confirming all that
said attorney lawfully could do or cause to be done by virtue hereof.
<TABLE>
<CAPTION>
Name Capacity Date
---- -------- ----
<S> <C> <C>
-------------------------- ------------------------
Nancy A. Curtin Trustee
-------------------------- ------------------------
David N. Dinkins Trustee
/s/ JOHN I. HOWELL May 23, 2000
-------------------------- ------------------------
John I. Howell Trustee
/s/ PETER S. KNIGHT May 23, 2000
-------------------------- ------------------------
Peter S. Knight Trustee
PETER E. GUERNSEY May 23, 2000
-------------------------- ------------------------
Peter E. Guernsey Trustee
/s/ SHARON L. HAUGH May 23, 2000
-------------------------- ------------------------
Sharon L. Haugh Trustee
/s/ WILLIAM L. MEANS May 23, 2000
-------------------------- ------------------------
William L. Means Trustee
<PAGE>
/s/ CLARENCE F. MICHALIS May 23, 2000
-------------------------- ------------------------
Clarence F. Michalis Trustee
/s/ HERMANN C. SCHWAB May 23, 2000
-------------------------- ------------------------
Hermann C. Schwab Trustee
/s/ ALEXANDRA POE May 23, 2000
-------------------------- ------------------------
Alexandra Poe President
/s/ ALAN M. MANDEL May 23, 2000
-------------------------- ------------------------
Alan M. Mandel Secretary, Treasurer,
and Chief Accounting and
Financial Officer
</TABLE>
