<PAGE> PAGE 1
000 B000000 10/31/1999
000 C000000 0000869365
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 SCHWAB INVESTMENTS (SCHWAB 1000 FUND ONLY)
001 B000000 811-6200
001 C000000 8002665623
002 A000000 101 MONTGOMERY STREET
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94104
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 8
007 C010100 1
007 C020100 SCHWAB 1000 FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
020 A000001 MORGAN STANLEY
020 C000001 137
020 A000002 MAPLE PARTNERS
020 C000002 130
020 A000003 JEFFERIES & COMPANY INC.
020 C000003 115
020 A000004 WEEDEN & CO.
020 C000004 72
020 A000005 LEHMAN BROTHERS
020 C000005 56
020 A000006 DEUTSCHE MORGAN GRENFELL
020 C000006 47
020 A000007 GUZMAN & CO.
020 C000007 40
020 A000008 CANTOR FITZGERALD AND COMPANY
020 C000008 31
020 A000009 BEAR STEARNS
<PAGE> PAGE 2
020 C000009 28
020 A000010 PRUDENTIAL
020 C000010 25
021 000000 744
022 A000001 JEFFERIES & COMPANY INC.
022 C000001 48136
022 D000001 779
022 A000002 WEEDEN & CO.
022 C000002 38105
022 D000002 2005
022 A000003 DEUTSCHE MORGAN GRENFELL
022 C000003 5611
022 D000003 29688
022 A000004 LEHMAN BROTHERS
022 C000004 23783
022 D000004 0
022 A000005 PRUDENTIAL
022 C000005 18348
022 D000005 0
022 A000006 BEAR STEARNS
022 C000006 10205
022 D000006 0
022 A000007 CANTOR FITZGERALD & CO.
022 C000007 9827
022 D000007 0
022 A000008 FIRST BOSTON CORP.
022 C000008 5334
022 D000008 0
022 A000009 MERRILL LYNCH AND CO.
022 C000009 5214
022 D000009 0
022 A000010 ABN AMRO
022 C000010 2585
022 D000010 618
023 C000000 4404322
023 D000000 124042
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
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026 G010000 N
026 G020000 N
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077 A000000 Y
077 B000000 Y
086 A010000 0
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<PAGE> PAGE 3
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086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
015 A000101 PNC BANK, N.A.
015 B000101 C
015 C010101 PHILADELPHIA
015 C020101 PA
015 C030101 19101
015 E010101 X
018 000100 Y
019 A000100 Y
019 B000100 40
019 C000100 SCHWABFUND
024 000100 Y
025 A000101 BEAR STEARNS COMPANIES, INC.
025 C000101 E
025 D000101 2849
025 A000102 CHARLES SCHWAB CORP.
025 C000102 E
025 D000102 18291
025 A000103 INVESTMENT TECHNOLOGY GROUP, INC.
025 C000103 E
025 D000103 421
025 A000104 LEHMAN BROTHERS HOLDINGS, INC.
025 C000104 E
025 D000104 5002
025 A000105 MORGAN STANLEY DEAN WITTER DISCOVER & CO.
025 C000105 E
025 D000105 36779
025 A000106 MERRILL LYNCH & CO. INC.
025 C000106 E
025 D000106 16830
025 D000107 0
025 D000108 0
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<PAGE> PAGE 4
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028 F040100 105674
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030 A000100 0
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037 000100 Y
038 000100 1032
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041 000100 N
054 A000100 Y
054 B000100 Y
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054 D000100 N
054 E000100 N
054 F000100 N
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054 H000100 Y
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054 J000100 Y
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054 L000100 N
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<PAGE> PAGE 5
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080 A000100 GULF INSURANCE
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<PAGE> PAGE 7
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SIGNATURE TAI-CHIN TUNG
TITLE CONTROLLER
To the Board of Trustees of
Schwab Investment Trust
In planning and performing our audit of the financial
statements of Schwab 1000 Fund (one of the portfolios
constituting Schwab Investment Trust, hereafter referred
to as the "Fund") for the year ended October 31, 1999, we
considered their internal control, including control
activities for safeguarding securities, in order to
determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and
to comply with the requirements of Form N-SAR, not to
provide assurance on internal control.
The management of the Fund is responsible for establishing
and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management
are required to assess the expected benefits and related
costs of controls. Generally, controls that are relevant
to an audit pertain to the entity's objective of preparing
financial statements for external purposes that are fairly
presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors
or fraud may occur and not be detected. Also, projection
of any evaluation of internal control to future periods is
subject to the risk that it may become inadequate because
of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be
material weaknesses under standards established by the
American Institute of Certified Public Accountants.
A material weakness is a condition in which the design
or operation of one or more of the internal control
components does not reduce to a relatively low level
the risk that misstatements caused by error or fraud
in amounts that would be material in relation to the
financial statements being audited may occur and not be
detected within a timely period by employees in the normal
course of performing their assigned functions. However,
we noted no matters involving internal control and its
operation, including controls for safeguarding securities,
that we consider to be material weaknesses as defined above
as of October 31, 1999.
This report is intended solely for the information and
use of management and the Board of Trustees of Schwab
Investment Trust and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone
other than these specified parties.
PricewaterhouseCoopers LLP
San Francisco, California
December 9, 1999
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