WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000019532
<NAME> SCHRODER INVESTMENT MANAGEMENT, NA
<SERIES>
<NUMBER> 001
<NAME> SCHRODER INTERNATIONAL SMALLER COMPANIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 12,285,466
<INVESTMENTS-AT-VALUE> 14,987,537
<RECEIVABLES> 271,705
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 68,158
<TOTAL-ASSETS> 15,327,400
<PAYABLE-FOR-SECURITIES> 41,541
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 125,706
<TOTAL-LIABILITIES> 167,247
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,914,902
<SHARES-COMMON-STOCK> 865,507
<SHARES-COMMON-PRIOR> 688,188
<ACCUMULATED-NII-CURRENT> 8,140
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,529,411
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,707,700
<NET-ASSETS> 15,160,153
<DIVIDEND-INCOME> 81,817
<INTEREST-INCOME> 12,680
<OTHER-INCOME> 0
<EXPENSES-NET> 111,441
<NET-INVESTMENT-INCOME> (16,944)
<REALIZED-GAINS-CURRENT> 2,530,874
<APPREC-INCREASE-CURRENT> 1,319,894
<NET-CHANGE-FROM-OPS> 3,833,824
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,696)
<DISTRIBUTIONS-OF-GAINS> 1,351,877)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 698,504
<NUMBER-OF-SHARES-REDEEMED> (603,925)
<SHARES-REINVESTED> 82,740
<NET-CHANGE-IN-ASSETS> 5,324,203
<ACCUMULATED-NII-PRIOR> 30,780
<ACCUMULATED-GAINS-PRIOR> 1,350,414
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 63,155
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 187,768
<AVERAGE-NET-ASSETS> 14,941,741
<PER-SHARE-NAV-BEGIN> 14.29
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 5.23
<PER-SHARE-DIVIDEND> (0.01)
<PER-SHARE-DISTRIBUTIONS> (1.96)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.52
<EXPENSE-RATIO> 1.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>