<PAGE> 1
As filed with the Securities and Exchange Commission on April 21, 1997
File Nos. 33-31894 and 811-05954
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------------
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Post-Effective Amendment No. 26 [X]
and
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 28 [X]
--------------
THE CHARLES SCHWAB FAMILY OF FUNDS
(Exact Name of Registrant as Specified in Charter)
101 Montgomery Street, San Francisco, California 94104
(Address of Principal Executive Offices)
Registrant's Telephone Number, including Area Code:
(415) 627-7000
Timothy F. McCarthy, President
The Charles Schwab Family of Funds
101 Montgomery Street, San Francisco, California 94104
(Name and Address of Agent for Service)
Copies of communications to:
Martin E. Lybecker, Esq. Frances Cole, Esq.
Ropes & Gray Charles Schwab Investment Management, Inc.
1301 K Street, NW, Suite 800 East 101 Montgomery Street
Washington, D.C. 20005 San Francisco, CA 94104
It is proposed that this filing will become effective (check appropriate box):
/ / Immediately upon filing pursuant to paragraph (b)
/X/ On April 30, 1997 pursuant to paragraph (b)
/ / 60 days after filing pursuant to paragraph (a)(1)
/ / On (date) pursuant to paragraph (a)(1)
/ / 75 days after filing pursuant to paragraph (a)(2)
/ / On (date) pursuant to paragraph (a)(2) of Rule 485
if appropriate, check the following box:
/X/ This post-effective amendment designates a new effective date for a
previously filed post-effective amendment
DECLARATION PURSUANT TO RULE 24f-2: Pursuant to Rule 24f-2 under the
Investment Company Act of 1940, as amended, Registrant has registered an
indefinite number or amount of its shares of beneficial interest under the
Securities Act of 1933, as amended. The Rule 24f-2 Notice for Registrant's
fiscal year ended December 31, 1996 was filed on February 19, 1997.
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PART A
THE CHARLES SCHWAB FAMILY OF FUNDS
The information required by Items 1 through 9 for Schwab Money Market
Fund, Schwab Government Money Fund, Schwab U.S. Treasury Money Fund, Schwab
Municipal Money Fund-Sweep Shares, and Schwab Value Advantage Money Fund-Sweep
Shares, separate portfolios or classes of portfolios of Registrant, are hereby
incorporated by reference to their Prospectuses filed with the Securities and
Exchange Commission pursuant to Rule 485(a) on February 21, 1997.
The information required by Items 1 through 9 for Schwab Municipal
Money Fund-Value Advantage Shares, Schwab California Municipal Money Fund-
Value Advantage Shares, Schwab New York Municipal Money Fund- Value Advantage
Shares , Schwab California Municipal Money Fund-Sweep Shares, and Schwab New
York Municipal Money Fund-Sweep Shares, separate portfolios or classes of
portfolios of Registrant, are hereby incorporated by reference to their
Prospectuses filed with the Securities and Exchange Commission pursuant to Rule
497(e) on January 2, 1997.
The information required by Items 1 through 9 for Schwab Value
Advantage Money Fund(R)-Investor Shares, Schwab Institutional Advantage Money
Fund(R), and Schwab Retirement Money Fund(R), separate portfolios or classes of
portfolios of Registrant, are hereby incorporated by reference to their
Prospectuses filed with the Securities and Exchange Commission pursuant to Rule
497(e) on November 26, 1996.
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PART B
THE CHARLES SCHWAB FAMILY OF FUNDS
The information required by Items 10 through 23 for Schwab Money Market
Fund, Schwab Government Money Fund, Schwab U.S. Treasury Money Fund, Schwab
Municipal Money Fund-Sweep Shares, Schwab California Municipal Money Fund-Sweep
Shares, Schwab New York Municipal Money Fund-Sweep Shares, Schwab Institutional
Advantage Money Fund*, Schwab Retirement Money Fund*, and Schwab Value Advantage
Money Fund-Sweep Shares, separate portfolios or classes of portfolios of
Registrant, are hereby incorporated by reference to their joint Statement of
Additional Information filed with the SEC pursuant to Rule 485(a) on February
21, 1997.
The information required by Items 10 through 23 for Schwab Municipal
Money Fund-Value Advantage Shares, Schwab California Municipal Money Fund-Value
Advantage Shares, and Schwab New York Municipal Money Fund-Value Advantage
Shares, separate portfolios or classes of portfolios of Registrant, are hereby
incorporated by reference to their joint Statement of Additional Information
filed with the SEC pursuant to Rule 497(e) on January 2, 1997.
The information required by Items 10 through 23 for Schwab Value
Advantage Money Fund-Investor Shares, a separate class of a portfolio of
Registrant, is hereby incorporated by reference to its Statement of Additional
Information filed with the Securities and Exchange Commission pursuant to Rule
497(e) on November 26, 1996.
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PART C
OTHER INFORMATION
April 21, 1997
THE CHARLES SCHWAB FAMILY OF FUNDS
Item 24. Financial Statements and Exhibits.
(a) Financial Statements:
-- Financial Highlights--Included in Part B, Statement of Additional
Information:
Incorporated by reference to the joint Statement of Additional
Information for Schwab Money Market Fund, Schwab Government Money
Fund, Schwab U.S. Treasury Money Fund, Schwab Municipal Money
Fund-Sweep Shares (formerly Schwab Tax-Exempt Money Fund-Sweep
Shares), Schwab California Municipal Money Fund-Sweep Shares
(formerly Schwab California Tax-Exempt Money Fund-Sweep Shares),
Schwab New York Municipal Money Fund-Sweep Shares (formerly Schwab
New York Tax-Exempt Money Fund-Sweep Shares), Schwab Institutional
Advantage Money Fund(R), Schwab Retirement Money Fund(R) and Schwab
Value Advantage Money Fund(R)-Investor Shares, separate portfolios
or classes of portfolios of Registrant, filed with the Securities
and Exchange Commission ("SEC") pursuant to Rule 485(a) on February
21, 1997.
-- Schwab Money Market Fund Schedule of Investments
dated December 31, 1995 (Audited)
-- Schwab Government Money Fund Schedule of
Investments dated December 31, 1995 (Audited)
-- Schwab U.S. Treasury Money Fund Schedule of
Investments dated December 31, 1995 (Audited)
-- Schwab Money Market Fund, Schwab Government Money
Fund and Schwab U.S. Treasury Money Fund Statements
of Assets and Liabilities dated December 31, 1995
(Audited)
-- Schwab Money Market Fund, Schwab Government Money
Fund and Schwab U.S. Treasury Money Fund Statements
of Operations for the year ended December 31, 1995
(Audited)
-- Schwab Money Market Fund, Schwab Government Money
Fund and Schwab U.S. Treasury Money Fund Statements
of Changes in Net Assets dated December 31, 1995
(Audited)
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-- Schwab Money Market Fund, Schwab Government Money
Fund and Schwab U.S. Treasury Money Fund Notes to
Financial Statements for the year ended December
31, 1995 (Audited)
-- Report of Independent Accountants for the Schwab
Money Market Fund, Schwab Government Money Fund and
Schwab U.S. Treasury Money Fund dated January 31,
1996
-- Schwab Municipal Money Fund Schedule of Investments
dated December 31, 1995 (Audited)
-- Schwab Municipal Money Fund Statement of Assets and
Liabilities dated December 31, 1995 (Audited)
-- Schwab Municipal Money Fund Statement of Operations
for the year ended December 31, 1995 (Audited)
-- Schwab Municipal Money Fund Statement of Changes in
Net Assets dated December 31, 1995 (Audited)
-- Schwab Municipal Money Fund Notes to Financial
Statements for the year ended December 31, 1995
(Audited)
-- Report of the Independent Accountants for the
Schwab Municipal Money Fund dated January 31, 1996
-- Schwab California Municipal Money Fund Schedule of
Investments dated December 31, 1995 (Audited)
-- Schwab California Municipal Money Fund Statement of
Assets and Liabilities dated December 31, 1995
(Audited)
-- Schwab California Municipal Money Fund Statement of
Operations for the year ended December 31, 1995
(Audited)
-- Schwab California Municipal Money Fund Statement of
Changes in Net Assets dated December 31, 1995
(Audited)
-- Schwab California Municipal Money Fund Notes to
Financial Statements for the year ended December
31, 1995 (Audited)
-- Report of Independent Accountants for the Schwab
California Municipal Money Fund dated January 31,
1996
-- Schwab New York Municipal Money Fund Schedule of
Investments dated December 31, 1995 (Audited)
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-- Schwab New York Municipal Money Fund Statement of
Assets and Liabilities dated December 31, 1995
(Audited)
-- Schwab New York Municipal Money Fund Statement of
Operations for the period February 27, 1995
(commencement of operations) to December 31, 1995
(Audited)
-- Schwab New York Municipal Money Fund Statement of
Changes in Net Assets for the period February 27,
1995 (commencement of operations) to December 31,
1995 (Audited)
-- Schwab New York Municipal Money Fund Notes to
Financial Statements for the period February 27,
1995 (commencement of operations) to December 31,
1995 (Audited)
-- Report of Independent Accountants for the Schwab
New York Municipal Money Fund dated January 31,
1996
-- Schwab Institutional Advantage Money Fund(R)
Schedule of Investments dated December 31, 1995
(Audited)
-- Schwab Institutional Advantage Money Fund Statement
of Assets and Liabilities dated December 31, 1995
(Audited)
-- Schwab Institutional Advantage Money Fund Statement
of Operations for the year ended December 31, 1995
(Audited)
-- Schwab Institutional Advantage Money Fund Statement
of Changes in Net Assets for the year ended
December 31, 1995 (Audited)
-- Schwab Institutional Advantage Money Fund Notes to
Financial Statements for the year ended December
31, 1995 (Audited)
-- Report of Independent Accountants for the Schwab
Institutional Advantage Money Fund dated January
31, 1996
-- Schwab Retirement Money Fund(R) Schedule of
Investments dated December 31, 1995 (Audited)
-- Schwab Retirement Money Fund Statement of Assets
and Liabilities dated December 31, 1995 (Audited)
-- Schwab Retirement Money Fund Statement of
Operations for the year ended December 31, 1995
(Audited)
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-- Schwab Retirement Money Fund Statement of Changes
in Net Assets for the year ended December 31, 1995
(Audited)
-- Schwab Retirement Money Fund Notes to Financial
Statements for the year ended December 31, 1995
(Audited)
-- Report of Independent Accountants for the Schwab
Retirement Money Fund dated January 31, 1996
-- Schwab Value Advantage Money Fund Schedule of
Investments dated December 31, 1995 (Audited)
-- Schwab Value Advantage Money Fund Statement of
Assets and Liabilities dated December 31, 1995
(Audited)
-- Schwab Value Advantage Money Fund Statement of
Operations for the year ended December 31, 1995
(Audited)
-- Schwab Value Advantage Money Fund Statement of
Changes in Net Assets dated December 31, 1995
(Audited)
-- Schwab Value Advantage Money Fund Notes to
Financial Statements for the year ended December
31, 1995 (Audited)
-- Report of Independent Accountants for the Schwab
Value Advantage Money Fund dated January 31, 1996
-- Incorporated by reference to the joint Statement of Additional
Information of Schwab Municipal Money Fund-Value Advantage
Shares, Schwab California Municipal Money Fund-Value Advantage
Shares and Schwab New York Municipal Money Fund-Value Advantage
Shares filed with the SEC pursuant to Rule 497(e) on January 2,
1997.
-- Schwab Municipal Money Fund Schedule of Investments
dated December 31, 1995 (Audited)
-- Schwab California Municipal Money Fund Schedule of
Investments dated December 31, 1995 (Audited)
-- Schwab New York Municipal Money Fund Schedule of
Investments dated December 31, 1995 (Audited)
4
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-- Schwab Municipal Money Fund, Schwab California
Municipal Money Fund and Schwab New York Municipal
Money Fund Statements of Assets and Liabilities
dated December 31, 1995 (Audited)
-- Schwab Municipal Money Fund, Schwab California
Municipal Money Fund and Schwab New York Municipal
Money Fund Statements of Operations for the year
ended December 31, 1995 (Audited)
-- Schwab Municipal Money Fund, Schwab California
Municipal Money Fund and Schwab New York Municipal
Money Fund Statements of Changes Statement in Net
Assets for the year ended December 31, 1995
(Audited)
-- Schwab Municipal Money Fund, Schwab California
Municipal Money Fund and Schwab New York Municipal
Money Fund Notes to Financial Statements for the
year ended December 31, 1995 (Audited)
-- Report of the Independent Accountants for Schwab
Municipal Money Fund, Schwab California Municipal
Money Fund and Schwab New York Municipal Money Fund
dated January 31, 1996
(b) Exhibits:
(1) Amended and Restated Agreement and Declaration of
Trust is incorporated by reference to Exhibit (1)
to Post-Effective Amendment No. 19 to Registrant's
Registration Statement on Form N-1A, filed on June
6, 1995
(2) Amended and Restated By-Laws are incorporated by
reference to Exhibit (2) to Post-Effective
Amendment No. 23 to Registrant's Registration
Statement on Form N-1A, filed on March 29, 1996
(3) Inapplicable
(4) (a) Article III, Sections 4 and 5; Article
IV, Section 1; Article V; Article VI,
Section 2; Article VIII, Section 4;
and Article IX, Sections 1, 4 and 7 of
the Agreement and Declaration of Trust
are incorporated by reference to
Exhibit (1) to Post-Effective
Amendment No. 19 to Registrant's
Registration Statement on Form N-1A,
filed on June 6, 1995
(b) Article 9 and Article 11 of the
By-Laws are incorporated by reference
to Exhibit (2) to Post-Effective
Amendment No. 23 to Registrant's
Registration Statement on Form N-1A,
filed on March 29, 1996
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(5) (a) Investment Advisory and Administration
Agreement between Registrant and
Charles Schwab Investment Management,
Inc. (the "Investment Manager") with
respect to Schwab Money Market Fund,
Schwab Government Money Fund and
Schwab Municipal Money Fund, dated
June 15, 1995, is incorporated by
reference to Exhibit (5)(a) to
Post-Effective Amendment No. 13 to
Registrant's Registration Statement on
Form N-1A, filed on June 29, 1995
(b) Investment Advisory and Administration
Agreement between Registrant and the
Investment Manager with respect to
Schwab California Municipal Money
Fund, Schwab U.S. Treasury Money Fund,
Schwab Value Advantage Money Fund,
Schwab Institutional Advantage Money
Fund(R), Schwab Retirement Money Fund
(R)and New York Municipal Money Fund,
dated June 15, 1995, is incorporated
by reference to Exhibit (5)(b) to
Post-Effective Amendment No. 13 to
Registrant's Registration Statement on
Form N-1A, filed on June 29, 1995
(c) Amended Schedules to the Investment
Advisory and Administration Agreement
between Registrant and the Investment
Manager referred to at Exhibit (5)(c)
above are incorporated by reference to
Exhibit (5)(c) to Post-Effective
Amendment No. 16 to Registrant's
Registration Statement on Form N-1A,
filed on February 28, 1995
(d) Amended schedules to the Investment
Advisory and Administration Agreement
between Registrant and the Investment
Manager referred to at Exhibit (5)(c)
above are incorporated by reference to
Exhibit (5)(d) to Post-Effective
Amendment No. 24 to Registrant's
Registration Statement on Form N-1A,
filed on April 26, 1996
(6) (a) Distribution Agreement between
Registrant and Charles Schwab & Co.,
Inc. ("Schwab"), dated June 15, 1995,
is incorporated by reference to
Exhibit (6)(a) to Post-Effective
Amendment No. 13 to Registrant's
Registration Statement on Form N-1A,
filed on June 29, 1995
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(b) Amended Schedule to the Distribution
Agreement between Registrant and
Schwab referred to at Exhibit (6)(a)
above is incorporated by reference to
Exhibit (6)(b) to Post-Effective
Amendment No. 16 to Registrant's
Registration Statement on Form N-1A,
filed on February 28, 1995
(7) Inapplicable
(8) (a) Accounting Services Agreement between
Registrant and PFPC Inc. (formerly,
Provident Financial Processing
Corporation) dated April 8, 1991 is
incorporated by reference to Exhibit
(8)(c) to Post-Effective Amendment
No. 5 to Registrant's Registration
Statement on Form N-1A, filed on
December 10, 1991
(b) Amended Schedule to the Accounting
Services Agreement referred to at
Exhibit (8)(a) above is incorporated
by reference to Exhibit (8)(b) to
Post-Effective Amendment No. 16 to
Registrant's Registration Statement
on Form N-1A, filed on February 28,
1995
(c) Amendment Nos. 1 and 2 to the
Accounting Services Agreement
referred to at Exhibit (8)(a) above
are incorporated by reference to
Exhibit (8)(c) to Post-Effective
Amendment No. 23 to Registrant's
Registration Statement on Form N-1A,
filed on March 29, 1996
(d) Amended and Restated Transfer Agency
Agreement between Registrant and
Schwab dated June 5, 1995 is
incorporated by reference to Exhibit
(8)(c) to Post-Effective Amendment No.
19 to Registrant's Registration
Statement on Form N-1A, filed on June
6, 1995
(e) Form of Amended Schedules to the
Amended and Restated Transfer Agency
Agreement referred to at Exhibit
(6)(d) above is incorporated by
reference to Exhibit (8)(e) to Post-
Effective Amendment No. 24 to
Registrant's Registration Statement on
Form N-1A, filed on April 26, 1996
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(f) Shareholder Service Agreement between
Registrant and Schwab dated May 1,
1993 is incorporated by reference to
Exhibit (8)(f) to Post-Effective
Amendment No. 10 to Registrant's
Registration Statement on Form N-1A,
filed on September 28, 1993
(g) Amended Schedules to the Shareholder
Service Agreement between Registrant
and Schwab referred to at Exhibit
(8)(f) above are incorporated by
reference to Exhibit (8)(f) to Post-
Effective Amendment No. 16 to
Registrant's Registration Statement on
Form N-1A, filed on February 28, 1995
(h) Form of Amended Schedules to the
Shareholder Service Agreement referred
to at Exhibit (6)(f) above is
incorporated by reference to Exhibit
(8)(h) to Post-Effective Amendment No.
24 to Registrant's Registration
Statement on Form N-1A, filed on April
26, 1996
(i) Custodian Services Agreement between
Registrant and PNC Bank, N.A.
(formerly, Provident National Bank)
dated April 8, 1991 is incorporated
by reference to Exhibit (8)(b) to
Post- Effective Amendment No. 5 to
Registrant's Registration Statement
on Form N-1A, filed on December 10,
1991
(j) Amended Schedule to the Custodian
Services Agreement referred to at
Exhibit (8)(i) above is incorporated
by reference to Exhibit (8)(h) to
Post-Effective Amendment No. 16 to
Registrant's Registration Statement
on Form N-1A, filed on February 28,
1995
(k) Amendment Nos. 1 and 2 to the
Custodian Services Agreement
referred to at Exhibit (8)(i) above
are incorporated by reference to
Exhibit (8)(i) to Post-Effective
Amendment No. 23 to Registrant's
Registration Statement on Form N-1A,
filed on March 29, 1996
(9) Inapplicable
(10) Opinion and Consent of Ropes & Gray as
to legality of the securities being
registered is incorporated by
reference to Registrant's Rule 24f-2
Notice, filed on February 19, 1997
(11) (a) Consent of Ropes & Gray is filed
herewith
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(b) Consent of Independent Accountants is
filed herewith
(12) Inapplicable
(13) (a) Purchase Agreement between Registrant
and Schwab relating to the Schwab
U.S. Treasury Money Fund is
incorporated by reference to Exhibit
(13)(a) to Post-Effective Amendment
No. 5 to Registrant's Registration
Statement on Form N-1A, filed on
December 10, 1992
(b) Purchase Agreement between Registrant
and Schwab relating to the Schwab
Value Advantage Money Fund is
incorporated by reference to Exhibit
(13)(b) to Post-Effective Amendment
No. 6 to Registrant's Registration
Statement on Form N-1A, filed on March
3, 1992
(c) Purchase Agreement between Registrant
and Schwab relating to the Schwab
Retirement Money Fund(R) and the
Schwab Institutional Advantage Money
Fund(R) is incorporated by reference
to Exhibit (13)(c) to Post-Effective
Amendment No. 11 to Registrant's
Registration Statement on Form N-1A,
filed on December 1, 1993
(d) Purchase Agreement between Registrant
and Schwab relating to the Schwab New
York Municipal Money Fund is
incorporated by reference to Exhibit
(13)(d) to Post-Effective Amendment
No. 16 to Registrant's Registration
Statement on Form N-1A, filed on
February 28, 1995
(e) Purchase Agreement between Registrant
and Schwab relating to the Schwab
Municipal Money Fund-Value Advantage
Shares is incorporated by reference to
Exhibit (13)(e) to Post-Effective
Amendment No. 19 to Registrant's
Registration Statement on Form N-1A,
filed on June 6, 1995
(f) Purchase Agreement between Registrant
and Schwab relating to the Schwab
California Municipal Money
Fund-Value Advantage Shares is
incorporated by reference to Exhibit
(13)(f) to Post-Effective Amendment
No. 19 to Registrant's Registration
Statement on Form N-1A, filed on
June 6, 1995
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(g) Purchase Agreement between Registrant
and Schwab relating to the Schwab
New York Municipal Money Fund-Value
Advantage Shares is incorporated by
reference to Exhibit (13)(g) to
Post-Effective Amendment No. 19 to
Registrant's Registration Statement
on Form N-1A, filed on June 6, 1995
(14) (a) Model Charles Schwab & Co., Inc.
Individual Retirement Plan is
incorporated by reference to Exhibit
(14)(a) to Post-Effective Amendment
No. 14 to Registrant's Registration
Statement on Form N-1A, filed on
August 25, 1995
(b) Model Charles Schwab & Co., Inc. KEOGH
Plan is incorporated by reference to
Exhibit (14)(b) to Post-Effective
Amendment No. 14 to Registrant's
Registration Statement on Form N-1A,
filed on August 25, 1995
(15) Inapplicable
(16) (a) Performance Calculations for Schwab
Money Market Fund, Schwab Government
Money Fund, Schwab Municipal Money
Fund, Schwab California Municipal
Money Fund and Schwab U.S. Treasury
Money Fund are incorporated by
reference to Exhibit (16) to
Post-Effective Amendment No. 6 to
Registrant's Registration Statement
on Form N-1A, filed on March 3, 1992
(b) Performance Calculations for Schwab
Value Advantage Money Fund are
incorporated by reference to Exhibit
(16) to Post-Effective Amendment
No. 7 to Registrant's Registration
Statement on Form N-1A, filed on
August 7, 1992
(c) Performance Calculations for Schwab
Institutional Advantage Money Fund(R)
and Schwab Retirement Money Fund(R)
are incorporated by reference to
Exhibit (16) to Post-Effective
Amendment No. 17 to Registrant's
Registration Statement on Form N-1A,
filed on April 6, 1995
(d) Performance Calculations for Schwab
New York Municipal Money Fund-Sweep
Shares are incorporated by reference
to Exhibit (16)(d) to Post-Effective
Amendment No. 20 to Registrant's
Registration Statement on Form N-1A,
filed on August 25, 1995
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(17) (a) Financial Data Schedule for Schwab
Money Market Fund is filed herewith
(b) Financial Data Schedule for Schwab
Government Money Fund is filed
herewith
(c) Financial Data Schedule for Schwab
Municipal Money Fund-Sweep Shares
is filed herewith
(d) Financial Data Schedule for Schwab
Municipal Money Fund-Value Advantage
Shares is filed herewith
(e) Financial Data Schedule for Schwab
California Municipal Money
Fund-Sweep Shares is filed herewith
(f) Financial Data Schedule for Schwab
California Municipal Money
Fund-Value Advantage Shares is filed
herewith
(g) Financial Data Schedule for Schwab
U.S. Treasury Money Fund is filed
herewith
(h) Financial Data Schedule for Schwab
Value Advantage Money Fund-Investor
Shares is filed herewith
(i) Financial Data Schedule for Schwab
Institutional Advantage Money Fund(R)
is filed herewith
(j) Financial Data Schedule for Schwab
Retirement Money Fund(R) is filed
herewith
(k) Financial Data Schedule for Schwab New
York Municipal Money Fund-Sweep
Shares is filed herewith
(l) Financial Data Schedule for Schwab New
York Municipal Money Fund-Value
Advantage Shares is filed herewith
(18) Form of Amended and Restated Multiple
Class Plan of Registrant is
incorporated by reference to Exhibit
(18) to Post-Effective Amendment No.
25 to Registrant's Registration
Statement on Form N-1A, filed on
February 21, 1997.
Item 25. Persons Controlled by or under Common Control with Registrant.
Schwab Investments, Schwab Capital Trust, and Schwab Annuity
Portfolios each are Massachusetts business trusts registered under the
Investment Company Act of 1940, as amended (the "1940 Act"); are advised by the
Investment
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Manager; and employ Schwab as their principal underwriter, transfer agent and
shareholder services agent. As a result, Schwab Investments, Schwab Capital
Trust, and Schwab Annuity Portfolios may be deemed to be under common control
with Registrant.
Item 26. Number of Holders of Securities.
As of April 15, 1997, the number of record holders of shares of
beneficial interest for the series of Registrant was:
<TABLE>
<CAPTION>
Title of Class Number of Record Holders
-------------- ------------------------
<S> <C>
Schwab Money Market Fund 1 (for the benefit of [ ]
Schwab Government Money Fund 1 (for the benefit of [ ]
Schwab U.S. Treasury Money Fund 1 (for the benefit of [ ]
Schwab Municipal Money Fund-Sweep Shares 1 (for the benefit of [ ]
Schwab Municipal Money Fund-Value Advantage Shares 1 (for the benefit of [ ]
Schwab California Municipal Money Fund-Sweep Shares 1 (for the benefit of [ ]
Schwab California Municipal Money Fund-Value Advantage Shares 1 (for the benefit of [ ]
Schwab Value Advantage Money Fund-Investor Shares 1 (for the benefit of [ ]
Schwab Retirement Money Fund(R) 1 (for the benefit of [ ]
Schwab Value Advantage Money Fund-Sweep Shares 0 (for the benefit of [ ]
Schwab Institutional Advantage Money Fund(R) 1 (for the benefit of [ ]
Schwab New York Municipal Money Fund-Sweep Shares 1 (for the benefit of [ ]
Schwab New York Municipal Money Fund-Value Advantage Shares 1 (for the benefit of [ ]
</TABLE>
Item 27. Indemnification.
Article VIII of Registrant's Amended and Restated Agreement and
Declaration of Trust (Exhibit (1) hereto, which is incorporated herein by
reference) provides in effect that Registrant will indemnify its officers and
trustees against all liabilities and expenses, including but not limited to
amounts paid in satisfaction of judgments, in compromise, or as fines and
penalties, and counsel fees reasonably incurred by any such officer or trustee
in connection with the defense or disposition of any action, suit, or other
proceeding. However, in accordance with Section 17(h) and 17(i) of the 1940 Act
and its own terms, said Agreement and Declaration of Trust does not protect any
person against any liability to Registrant or its shareholders to which he or
she would otherwise be subject by reason of willful misfeasance, bad faith,
gross negligence or reckless disregard of the duties involved in the conduct of
his or her office. In any event, Registrant will comply with 1940 Act Releases
Nos. 7221 and 11330 respecting the permissible boundaries of indemnification by
an investment company of its officers and trustees.
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Insofar as indemnification for liability arising under the Securities Act
of 1933, as amended (the "1933 Act"), may be permitted to trustees, officers and
controlling persons of the Registrant pursuant to the foregoing provisions, or
otherwise, Registrant has been advised that, in the opinion of the Securities
and Exchange Commission, such indemnification is against public policy as
expressed in the 1933 Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment by
Registrant of expenses incurred or paid by a trustee, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such trustee, officer or controlling person in
connection with the securities being registered, Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the 1933 Act and
will be governed by the final adjudication of such issue.
Item 28. Business and Other Connections of Investment Manager.
(a) Information pertaining to business and other connections of
Registrant's Investment Manager is hereby incorporated by reference to the
section of the Prospectuses for Schwab Money Market Fund, Schwab Government
Money Fund, Schwab U.S. Treasury Money Fund, Schwab Municipal Money Fund-Sweep
Shares, Schwab California Municipal Money Fund-Sweep Shares, Schwab New York
Municipal Money Fund-Sweep Shares, Schwab Institutional Advantage Money Fund(R)
and Schwab Retirement Money Fund(R) captioned "Management of the Fund(s);" the
section of the Prospectuses for Schwab Value Advantage Money Fund, Schwab
Municipal Money Fund-Value Advantage Shares, Schwab California Municipal Money
Fund-Value Advantage Shares and Schwab New York Municipal Money Fund- Value
Advantage Shares captioned "Organization and Management of the Fund(s);" and the
section of the Statements of Additional Information captioned "Management of the
Trust."
Registrant's Investment Manager, Charles Schwab Investment
Management, Inc., a Delaware corporation, organized in October 1989 to serve as
Investment Manager to Registrant, also serves as the Investment Manager to
Schwab Investments, Schwab Capital Trust, and Schwab Annuity Portfolios , each
an open-end, management investment company. The principal place of business of
the Investment Manager is 101 Montgomery Street, San Francisco, California
94104. The only business in which the Investment Manager engages is that of
investment manager and administrator to Registrant, Schwab Investments, Schwab
Capital Trust, Schwab Annuity Portfolios and any other investment companies that
Schwab may sponsor in the future.
13
<PAGE> 17
(b) The business, profession, vocation or employment of a substantial
nature in which each director and/or executive officer of Schwab and/or the
Investment Manager is or has been engaged during the past two fiscal years for
his or her own account in the capacity of director, officer, employee, partner
or trustee is as follows:
<TABLE>
<CAPTION>
Name and Position
with Registrant Name of Company Capacity
- ----------------- --------------- --------
<S> <C> <C>
Charles R. Schwab, Charles Schwab & Co., Inc. Chairman and Director
Chairman and Trustee
The Charles Schwab Corporation Chairman, Chief Executive Officer
and Director
Charles Schwab Investment Chairman and Director
Management, Inc.
The Charles Schwab Trust Chairman and Director
Company
Mayer & Schweitzer, Inc. Chairman and Director
The Gap, Inc. Director
Transamerica Corporation Director
AirTouch Communications Director
Siebel Systems Director
Lawrence J. Stupski Charles Schwab & Co., Inc. Director until February 1995; Vice
Chairman until August 1994
The Charles Schwab Corporation Vice Chairman and Director; Chief
Operating Officer until March 1994
Mayer & Schweitzer, Inc. Director until February 1995
The Charles Schwab Trust Director
Company
David S. Pottruck Charles Schwab & Co., Inc. President, Chief Executive Officer
and Director
The Charles Schwab Corporation President, Chief Operating Officer
and Director
</TABLE>
14
<PAGE> 18
<TABLE>
<S> <C> <C>
Charles Schwab Investment Director
Management, Inc.
Mayer & Schweitzer, Inc. Chairman, Chief Executive Officer
and Director
Ronald W. Readmond Charles Schwab & Co., Inc. Vice Chairman and Director until
January 1996; Senior Executive Vice
President and Chief Operating
Officer until January 1995
The Charles Schwab Corporation Executive Vice President until
January 1996; Senior Executive Vice
President until January 1995
Mayer & Schweitzer, Inc. Director until January 1996
John P. Coghlan Charles Schwab & Co., Inc. Executive Vice President - Schwab
Institutional
The Charles Schwab Corporation Executive Vice President - Schwab
Institutional
The Charles Schwab Trust Company Director and Executive Vice
President
A. John Gambs, Charles Schwab & Co., Inc. Executive Vice President, Chief
Treasurer and Financial Officer and Director
Principal Financial
Officer
The Charles Schwab Corporation Executive Vice President and Chief
Financial Officer
Charles Schwab Investment Chief Financial Officer and Director
Management, Inc.
The Charles Schwab Trust Chief Financial Officer
Company
Mayer & Schweitzer, Inc. Director
Dawn G. Lepore Charles Schwab & Co., Inc. Executive Vice President and Chief
Information Officer
The Charles Schwab Corporation Executive Vice President and Chief
Information Officer
Daniel O. Leemon The Charles Schwab Corporation Executive Vice President - Business
Strategy
</TABLE>
15
<PAGE> 19
<TABLE>
<S> <C> <C>
Charles Schwab & Co., Inc. Executive Vice President - Business
Strategy
Timothy F. McCarthy, Charles Schwab Investment Chief Executive Officer
Trustee and President Management, Inc.
Charles Schwab & Co., Inc. Executive Vice President - Mutual
Funds
The Charles Schwab Corporation Executive Vice President - Mutual
Funds
Jardine Fleming Unit Trusts Ltd. Chief Executive Officer until
October 1995
Fidelity Investment Advisor Group President until 1994
Elizabeth G. Sawi Charles Schwab & Co., Inc. Executive Vice President -Electronic
Brokerage
The Charles Schwab Corporation Executive Vice President -Electronic
Brokerage
Tom D. Seip Charles Schwab & Co., Inc. Executive Vice President - Retail
Brokerage
The Charles Schwab Corporation Executive Vice President - Retail
Brokerage
Charles Schwab Investment President and Chief Operating
Management, Inc. Officer until 1994
John N. Tognino Charles Schwab & Co., Inc. Executive Vice President - Capital
Markets and Trading until February
1996
The Charles Schwab Corporation Executive Vice President - Capital
Markets and Trading until February
1996
Mayer & Schweitzer, Inc. Director and Vice Chairman until
February 1996
Luis E. Valencia Charles Schwab & Co., Inc. Executive Vice President - Human
Resources and Corporate Support
The Charles Schwab Corporation Executive Vice President and Chief
Administrative Officer
</TABLE>
16
<PAGE> 20
<TABLE>
<S> <C> <C>
Commercial Credit Corporation Managing Director until February
1994
Christopher V. Dodds Charles Schwab & Co., Inc. Treasurer and Senior Vice President
The Charles Schwab Corporation Treasurer and Senior Vice President
Mayer & Schweitzer, Inc. Treasurer
William J. Klipp, Charles Schwab & Co., Inc. Senior Vice President -SchwabFunds
Trustee, Senior Vice
President Chief
Operating Officer
Charles Schwab Investment President and Chief Operating
Management, Inc. Officer
Stephen B. Ward, Charles Schwab Investment Senior Vice President and Chief
Senior Vice President Management, Inc. Investment Officer
and Chief Investment
Officer
Frances Cole, Charles Schwab Investment Vice President, Chief Counsel, Chief
Secretary Management, Inc. Compliance Officer and Assistant
Corporate Secretary
Cynthia K. Holbrook The Charles Schwab Corporation Assistant Corporate Secretary
Charles Schwab & Co., Inc. Assistant Corporate Secretary
Charles Schwab Investment Corporate Secretary
Management, Inc.
The Charles Schwab Trust Assistant Corporate Secretary
Company
David J. Neuman The Charles Schwab Trust Corporate Secretary
Company
Mary B. Templeton Charles Schwab Investment Assistant Corporate Secretary
Management, Inc.
The Charles Schwab Corporation Senior Vice President, General
Counsel and Corporate Secretary
Charles Schwab & Co., Inc. Senior Vice President, General
Counsel and Corporate Secretary
Mayer & Schweitzer Assistant Corporate Secretary
The Charles Schwab Trust Assistant Corporate Secretary until
Company February 1996
David H. Lui Charles Schwab Investment Vice President and Senior Counsel
Assistant Secretary Management, Inc.
</TABLE>
17
<PAGE> 21
<TABLE>
<S> <C> <C>
Christina M. Perrino Charles Schwab Investment Vice President and Senior Counsel
Assistant Secretary Management, Inc.
Karen L. Seaman Charles Schwab Investment Corporate Counsel
Assistant Secretary Management, Inc.
</TABLE>
Item 29. Principal Underwriters.
(a) Schwab acts as principal underwriter and distributor of
Registrant's shares. Schwab currently also acts as principal underwriter for
Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and intends
to act as such for any other investment company which Schwab may sponsor in the
future.
(b) See Item 28(b) for information on the officers and directors
of Schwab. The principal business address of Schwab is 101 Montgomery Street,
San Francisco, California 94104.
(c) Not applicable.
Item 30. Location of Accounts and Records.
All accounts, books and other documents required to be maintained
pursuant to Section 31(a) of the 1940 Act and the Rules thereunder are
maintained at the offices of: Registrant (transfer agency and shareholder
records); Registrant's investment manager and administrator, Charles Schwab
Investment Management, Inc., 101 Montgomery Street, San Francisco, California
94104; Registrant's sub-investment adviser, Dimensional Fund Advisors Inc., 1299
Ocean Avenue, Suite 1100, Santa Monica, California 90401; Registrant's principal
underwriter, Charles Schwab & Co., Inc., 101 Montgomery Street, San Francisco,
California 94104; Registrant's Custodian, PNC Bank, National Association, Broad
and Market Streets, Philadelphia, Pennsylvania 19104 (ledgers, receipts and
brokerage orders); Registrant's fund accountants, PFPC, Inc., 400 Bellevue
Parkway, Wilmington, Delaware 19809; or Ropes & Gray, counsel to Registrant,
1301 K Street, N.W., Suite 800 East, Washington, D.C. 20005 (minute books,
bylaws and declaration of trust).
Item 31. Management Services.
Not applicable.
Item 32. Undertakings.
18
<PAGE> 22
(a) Registrant undertakes to call a meeting of Shareholders,
at the request of at least 10% of registrant's outstanding shares, for the
purpose of voting upon the question of removal of a trustee or trustees and to
assist in communications with other Shareholders as required by Section (16) of
the 1940 Act.
(b) Registrant undertakes to furnish to each person to whom a
prospectus is delivered a copy of Registrant's latest Annual Report to
Shareholders upon request and without charge.
19
<PAGE> 23
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended
(the "1933 Act"), and the Investment Company Act of 1940, as amended, Registrant
certifies that it meets all of the requirements for effectiveness of the
registration statement pursuant to Rule 485(b) under the 1933 Act and has duly
caused this Post-Effective Amendment No. 26 to be signed on its behalf by the
undersigned, thereunto duly authorized, in the District of Columbia, on the 21st
day of April, 1997.
THE CHARLES SCHWAB FAMILY OF FUNDS
Registrant
Charles R. Schwab*
-----------------------------------
Charles R. Schwab, Chairman
Pursuant to the requirements of the 1933 Act, this Post-Effective
Amendment No. 26 to Registrant's Registration Statement on Form N-1A has been
signed below by the following persons in the capacities indicated this 21st
day of April, 1997.
<TABLE>
<CAPTION>
Signature Title
- --------- ------
<S> <C>
Charles R. Schwab* Chairman and Trustee
- ---------------------
Charles R. Schwab
Timothy F. McCarthy* President and Trustee
- ---------------------
Timothy F. McCarthy
William J. Klipp* Executive Vice President, Chief
- --------------------- Operating Officer and Trustee
William J. Klipp
Donald F. Dorward* Trustee
- ---------------------
Donald F. Dorward
Robert G. Holmes* Trustee
- ---------------------
Robert G. Holmes
Donald R. Stephens* Trustee
- ---------------------
Donald R. Stephens
Michael W. Wilsey* Trustee
- ---------------------
Michael W. Wilsey
Tai-Chin Tung* Treasurer and Principal Financial Officer
- ---------------------
Tai-Chin Tung
</TABLE>
*By: /s/ Alan G. Priest
---------------------------------------------------
Alan G. Priest, Attorney-in-Fact pursuant
to Powers of Attorney previously filed
<PAGE> 24
Exhibit Index
<TABLE>
<CAPTION>
Exhibit No
- ----------
<S> <C>
11. (a) Consent of Ropes & Gray
11. (b) Consent of Independent Accountants
17. (a) Financial Data Schedule for Schwab Money Market Fund
17. (b) Financial Data Schedule for Schwab Government Money Fund
17. (c) Financial Data Schedule for Schwab Municipal Money Fund-
Sweep Shares
17. (d) Financial Data Schedule for Schwab Municipal Money Fund-
Value Advantage Shares
17. (e) Financial Data Schedule for Schwab California Municipal
Money Fund-Sweep Shares
17. (f) Financial Data Schedule for Schwab California Municipal
Money Fund-Value Advantage Shares
17. (g) Financial Data Schedule for Schwab U.S. Treasury Money Fund
17. (h) Financial Data Schedule for Schwab Value Advantage Money
Fund-Investor Shares
17. (i) Financial Data Schedule for Schwab Institutional Advantage
Money Fund(R)
17. (j) Financial Data Schedule for Schwab Retirement Money Fund(R)
17. (k) Financial Data Schedule for Schwab New York Municipal
Money Fund-Sweep Shares
17. (l) Financial Data Schedule for Schwab New York Municipal
Money Fund-Value Advantage Shares
</TABLE>
<PAGE> 1
Exhibit 11(a)
CONSENT OF COUNSEL
We hereby consent to the use of our name and to the reference to our
firm under the caption "Legal Counsel" included in or made a part of
Post-Effective Amendment No. 26 to the Registration Statement of The Charles
Schwab Family of Funds on Form N-1A (Nos. 33-31894 and 811-05954) under the
Securities Act of 1933, as amended.
/s/ Ropes & Gray
ROPES & GRAY
Washington, D.C.
April 21, 1997
<PAGE> 1
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the Prospectuses and
Statements of Additional Information constituting part of this Post-Effective
Amendment No. 26 to the registration statement on Form N-1A (the "Registration
Statement") of The Charles Schwab Family of Funds of our reports dated January
31, 1996, relating to the financial statements and financial highlights
appearing in the December 31, 1995 Annual Reports to Shareholders of Schwab
Money Market Fund, Schwab Government Money Fund, Schwab U.S. Treasury Money
Fund, Schwab Value Advantage Money Fund, Schwab Municipal Money Fund, Schwab
California Municipal Money Fund, Schwab New York Municipal Money Fund, Schwab
Institutional Advantage Money Fund and Schwab Retirement Money Fund, which are
also incorporated by reference into the Registration Statement. We also consent
to the reference to us under the heading "Financial Highlights" in such
Prospectuses and to the reference to us under the heading "Accountants and
Reports to Shareholders" in such Statement of Additional Information.
/s/ Price Waterhouse LLP
Price Waterhouse LLP
San Francisco, California
April 21, 1997
<PAGE> 1
[ARTICLE] 6
[SERIES]
[NUMBER] 1
[NAME] SCHWAB MONEY MARKET FUND
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-START] JAN-01-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 14040471
[INVESTMENTS-AT-VALUE] 14040471
[RECEIVABLES] 67867
[ASSETS-OTHER] 2426
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 14110764
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 100377
[TOTAL-LIABILITIES] 100377
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 14010737
[SHARES-COMMON-STOCK] 14070737
[SHARES-COMMON-PRIOR] 11227659
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (350)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 14010387
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 760926
[OTHER-INCOME] 0
[EXPENSES-NET] 94788
[NET-INVESTMENT-INCOME] 666138
[REALIZED-GAINS-CURRENT] 4
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 666142
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 666138
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 35277474
[NUMBER-OF-SHARES-REDEEMED] 33124743
[SHARES-REINVESTED] 630347
[NET-CHANGE-IN-ASSETS] 2783082
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (354)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 52254
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 113420
[AVERAGE-NET-ASSETS] 12638433
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .05
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .05
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .75
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<PAGE> 1
[ARTICLE] 6
[SERIES]
[NUMBER] 2
[NAME] SCHWAB GOVERNMENT MONEY FUND
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-START] JAN-01-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 1879758
[INVESTMENTS-AT-VALUE] 1879758
[RECEIVABLES] 18397
[ASSETS-OTHER] 104
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1898259
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 13690
[TOTAL-LIABILITIES] 13690
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1884838
[SHARES-COMMON-STOCK] 1884838
[SHARES-COMMON-PRIOR] 1897435
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (269)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 1884569
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 113106
[OTHER-INCOME] 0
[EXPENSES-NET] 14233
[NET-INVESTMENT-INCOME] 98873
[REALIZED-GAINS-CURRENT] (162)
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 98711
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 98873
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 4120476
[NUMBER-OF-SHARES-REDEEMED] 4229013
[SHARES-REINVESTED] 95940
[NET-CHANGE-IN-ASSETS] (12759)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (107)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 8280
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 17501
[AVERAGE-NET-ASSETS] 1897685
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .05
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .05
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .75
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<PAGE> 1
[ARTICLE] 6
[SERIES]
[NUMBER] 3
[NAME] SCHWAB TAX-EXEMPT MONEY FUND - SWEEP SHARES
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-START] JAN-01-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 3586104
[INVESTMENTS-AT-VALUE] 3586104
[RECEIVABLES] 33431
[ASSETS-OTHER] 717
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3620252
[PAYABLE-FOR-SECURITIES] 37735
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 17998
[TOTAL-LIABILITIES] 55733
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 3405684
[SHARES-COMMON-STOCK] 3405684
[SHARES-COMMON-PRIOR] 3017778
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (1847)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 3403837
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 125455
[OTHER-INCOME] 0
[EXPENSES-NET] 21167
[NET-INVESTMENT-INCOME] 104288
[REALIZED-GAINS-CURRENT] (20)
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 104268
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 104288
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 9911852
[NUMBER-OF-SHARES-REDEEMED] 9623759
[SHARES-REINVESTED] 99813
[NET-CHANGE-IN-ASSETS] 387886
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (1827)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 13504
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 29309
[AVERAGE-NET-ASSETS] 3207145
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .03
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .03
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .66
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<PAGE> 1
[ARTICLE] 6
[SERIES]
[NUMBER] 4
[NAME] SCHWAB TAX-EXEMPT MONEY FUND - VALUE ADVANTAGE SHARES
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-START] JAN-01-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 3586104
[INVESTMENTS-AT-VALUE] 3586104
[RECEIVABLES] 33431
[ASSETS-OTHER] 717
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3620252
[PAYABLE-FOR-SECURITIES] 37735
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 17998
[TOTAL-LIABILITIES] 55733
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 160683
[SHARES-COMMON-STOCK] 160683
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (1)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 160682
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1635
[OTHER-INCOME] 0
[EXPENSES-NET] 186
[NET-INVESTMENT-INCOME] 1449
[REALIZED-GAINS-CURRENT] (1)
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 1448
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1449
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 236471
[NUMBER-OF-SHARES-REDEEMED] 76542
[SHARES-REINVESTED] 754
[NET-CHANGE-IN-ASSETS] 160682
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 190
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 419
[AVERAGE-NET-ASSETS] 84933
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .02
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .02
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .45
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<PAGE> 1
[ARTICLE] 6
[SERIES]
[NUMBER] 5
[NAME] SCHWAB CALIFORNIA TAX-EXEMPT MONEY FUND - SWEEP SHARES
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-START] JAN-01-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 1674011
[INVESTMENTS-AT-VALUE] 1674011
[RECEIVABLES] 19731
[ASSETS-OTHER] 200
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1693942
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 8239
[TOTAL-LIABILITIES] 8239
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1578359
[SHARES-COMMON-STOCK] 1578359
[SHARES-COMMON-PRIOR] 1294555
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (664)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 1577695
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 54646
[OTHER-INCOME] 0
[EXPENSES-NET] 9344
[NET-INVESTMENT-INCOME] 45302
[REALIZED-GAINS-CURRENT] 8
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 45310
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 45302
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 4257465
[NUMBER-OF-SHARES-REDEEMED] 4016813
[SHARES-REINVESTED] 43152
[NET-CHANGE-IN-ASSETS] 283812
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (672)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 6388
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 13561
[AVERAGE-NET-ASSETS] 1437526
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .03
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .03
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .65
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<PAGE> 1
[ARTICLE] 6
[SERIES]
[NUMBER] 6
[NAME] SCHWAB CALIFORNIA TAX-EXEMPT MONEY FUND - VALUE ADVANTAGE
SHARES
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-START] JAN-01-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 1674011
[INVESTMENTS-AT-VALUE] 1674011
[RECEIVABLES] 19731
[ASSETS-OTHER] 200
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1693942
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 8239
[TOTAL-LIABILITIES] 8239
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 108008
[SHARES-COMMON-STOCK] 108008
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 108008
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 488
[OTHER-INCOME] 0
[EXPENSES-NET] 56
[NET-INVESTMENT-INCOME] 432
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 432
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 432
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 125848
[NUMBER-OF-SHARES-REDEEMED] 17914
[SHARES-REINVESTED] 74
[NET-CHANGE-IN-ASSETS] 108008
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 57
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 136
[AVERAGE-NET-ASSETS] 50342
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .01
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .01
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .45
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<PAGE> 1
[ARTICLE] 6
[SERIES]
[NUMBER] 7
[NAME] SCHWAB U.S. TREASURY MONEY FUND
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-START] JAN-01-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 1184456
[INVESTMENTS-AT-VALUE] 1184456
[RECEIVABLES] 17149
[ASSETS-OTHER] 52
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1201657
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 7968
[TOTAL-LIABILITIES] 7968
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1193821
[SHARES-COMMON-STOCK] 1193821
[SHARES-COMMON-PRIOR] 803943
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (132)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 1193689
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 57635
[OTHER-INCOME] 0
[EXPENSES-NET] 6503
[NET-INVESTMENT-INCOME] 51132
[REALIZED-GAINS-CURRENT] (60)
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 51072
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 51132
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2979266
[NUMBER-OF-SHARES-REDEEMED] 2635740
[SHARES-REINVESTED] 46352
[NET-CHANGE-IN-ASSETS] 389818
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (72)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4575
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 9653
[AVERAGE-NET-ASSETS] 1000438
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .05
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .05
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .65
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<PAGE> 1
[ARTICLE] 6
[SERIES]
[NUMBER] 8
[CIK]
[NAME] SCHWAB VALUE ADVANTAGE MONEY FUND
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-START] JAN-01-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 6956238
[INVESTMENTS-AT-VALUE] 6956238
[RECEIVABLES] 65417
[ASSETS-OTHER] 800
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 7022455
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 98565
[TOTAL-LIABILITIES] 98565
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 6924021
[SHARES-COMMON-STOCK] 6924021
[SHARES-COMMON-PRIOR] 3731755
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (131)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 6923890
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 333064
[OTHER-INCOME] 0
[EXPENSES-NET] 22099
[NET-INVESTMENT-INCOME] 310965
[REALIZED-GAINS-CURRENT] (5)
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 310960
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 310965
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 10404416
[NUMBER-OF-SHARES-REDEEMED] 7474576
[SHARES-REINVESTED] 262426
[NET-CHANGE-IN-ASSETS] 3192261
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (126)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 23799
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 39853
[AVERAGE-NET-ASSETS] 5524637
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .06
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .06
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .40
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<PAGE> 1
[ARTICLE] 6
[SERIES]
[NUMBER] 9
[NAME] SCHWAB INSTITUTIONAL ADVANTAGE MONEY FUND
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-START] JAN-01-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 80518
[INVESTMENTS-AT-VALUE] 80518
[RECEIVABLES] 864
[ASSETS-OTHER] 67
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 81449
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 703
[TOTAL-LIABILITIES] 703
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 80747
[SHARES-COMMON-STOCK] 80747
[SHARES-COMMON-PRIOR] 60088
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (1)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 80746
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 4774
[OTHER-INCOME] 0
[EXPENSES-NET] 420
[NET-INVESTMENT-INCOME] 4354
[REALIZED-GAINS-CURRENT] (1)
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 4353
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 4354
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 281164
[NUMBER-OF-SHARES-REDEEMED] 262289
[SHARES-REINVESTED] 1784
[NET-CHANGE-IN-ASSETS] 18874
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 364
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 710
[AVERAGE-NET-ASSETS] 79107
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .06
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .06
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .53
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<PAGE> 1
[ARTICLE] 6
[SERIES]
[NUMBER] 10
[NAME] SCHWAB RETIREMENT MONEY FUND
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-START] JAN-01-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 99911
[INVESTMENTS-AT-VALUE] 99911
[RECEIVABLES] 573
[ASSETS-OTHER] 59
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 100543
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1551
[TOTAL-LIABILITIES] 1551
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 98992
[SHARES-COMMON-STOCK] 98992
[SHARES-COMMON-PRIOR] 31415
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 98992
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 4616
[OTHER-INCOME] 0
[EXPENSES-NET] 561
[NET-INVESTMENT-INCOME] 4055
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 4055
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 4055
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 173890
[NUMBER-OF-SHARES-REDEEMED] 109877
[SHARES-REINVESTED] 3564
[NET-CHANGE-IN-ASSETS] 67577
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 354
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 705
[AVERAGE-NET-ASSETS] 76879
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .05
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .05
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .73
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<PAGE> 1
[ARTICLE] 6
[SERIES]
[NUMBER] 11
[NAME] SCHWAB NEW YORK TAX-EXEMPT MONEY FUND - SWEEP SHARES
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-START] JAN-01-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 218648
[INVESTMENTS-AT-VALUE] 218648
[RECEIVABLES] 2486
[ASSETS-OTHER] 65
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 221199
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1193
[TOTAL-LIABILITIES] 1193
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 204869
[SHARES-COMMON-STOCK] 204869
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (6)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 220006
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 6041
[OTHER-INCOME] 0
[EXPENSES-NET] 995
[NET-INVESTMENT-INCOME] 5046
[REALIZED-GAINS-CURRENT] (6)
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 5040
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 5046
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 671692
[NUMBER-OF-SHARES-REDEEMED] 470949
[SHARES-REINVESTED] 4126
[NET-CHANGE-IN-ASSETS] 204863
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 724
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1637
[AVERAGE-NET-ASSETS] 186583
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .03
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .03
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .63
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<PAGE> 1
[ARTICLE] 6
[SERIES]
[NUMBER] 11
[NAME] SCHWAB NEW YORK TAX-EXEMPT MONEY FUND - SWEEP SHARES
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-START] JAN-01-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 218648
[INVESTMENTS-AT-VALUE] 218648
[RECEIVABLES] 2486
[ASSETS-OTHER] 65
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 221199
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1193
[TOTAL-LIABILITIES] 1193
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 204869
[SHARES-COMMON-STOCK] 204869
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (6)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 220006
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 6041
[OTHER-INCOME] 0
[EXPENSES-NET] 995
[NET-INVESTMENT-INCOME] 5046
[REALIZED-GAINS-CURRENT] (6)
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 5040
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 5046
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 671692
[NUMBER-OF-SHARES-REDEEMED] 470949
[SHARES-REINVESTED] 4126
[NET-CHANGE-IN-ASSETS] 204863
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 724
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1637
[AVERAGE-NET-ASSETS] 186583
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .03
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .03
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .63
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
