<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000313850
<NAME> VANGUARD TRUSTEES' EQUITY FUND
<SERIES>
<NUMBER> 02
<NAME> VANGUARD INTERNATIONAL VALUE FUND
<MULTIPLIER> 1000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 935861
<INVESTMENTS-AT-VALUE> 1032201
<RECEIVABLES> 10041
<ASSETS-OTHER> 181
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1042423
<PAYABLE-FOR-SECURITIES> 1075
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 59106
<TOTAL-LIABILITIES> 60181
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 865026
<SHARES-COMMON-STOCK> 33927
<SHARES-COMMON-PRIOR> 35868
<ACCUMULATED-NII-CURRENT> 2881
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 18065
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 96270
<NET-ASSETS> 982242
<DIVIDEND-INCOME> 12818
<INTEREST-INCOME> 471
<OTHER-INCOME> 167
<EXPENSES-NET> 2404
<NET-INVESTMENT-INCOME> 11052
<REALIZED-GAINS-CURRENT> 18133
<APPREC-INCREASE-CURRENT> (32083)
<NET-CHANGE-FROM-OPS> (2898)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1058
<DISTRIBUTIONS-OF-GAINS> 6684
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13451
<NUMBER-OF-SHARES-REDEEMED> 15662
<SHARES-REINVESTED> 270
<NET-CHANGE-IN-ASSETS> (62414)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 6528
<OVERDISTRIB-NII-PRIOR> 7025
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 387
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2404
<AVERAGE-NET-ASSETS> 959468
<PER-SHARE-NAV-BEGIN> 29.13
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> (0.28)
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0.19
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 28.95
<EXPENSE-RATIO> 0.20
</TABLE>
