<PAGE> 1
SchwabFunds(R)
101 Montgomery Street
San Francisco, CA 94104
November 6, 1997
VIA EDGAR
- ---------
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Schwab Investments
Schwab Short-Term Bond Index Fund
Schwab Total Bond Market Index Fund
File Nos. 33-37459 and 811-06200
--------------------------------
Dear Sir or Madam:
Pursuant to Rule 497(j) under the Securities Act of 1933, as amended, the
prospectus, dated November 1, 1997, for the above-named Funds does not differ
from the prospectus in the most recently electronically filed post-effective
amendment number 20. Also pursuant to Rule 497(j) under the Securities Act of
1933, as amended, the statement of additional information (SAI), dated November
1, 1997, for the above-named Funds does not differ from the SAI in the most
recently electronically filed post-effective amendment number 20.
Sincerely,
/s/ Matthew M. O'Toole
Matthew M. O'Toole
Corporate Counsel
cc: Clear Sky
