<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000869365
<NAME> SCHWAB INVESTMENTS
<SERIES>
<NUMBER> 082
<NAME> SCHWAB YIELDPLUS FUND SELECT CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 11-MOS
<FISCAL-YEAR-END> AUG-31-2000
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 286306
<INVESTMENTS-AT-VALUE> 286481
<RECEIVABLES> 3780
<ASSETS-OTHER> 46
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 290307
<PAYABLE-FOR-SECURITIES> 17495
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 880
<TOTAL-LIABILITIES> 18375
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 273318
<SHARES-COMMON-STOCK> 22101
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 24
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1458)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 48
<NET-ASSETS> 271932
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13145
<OTHER-INCOME> 0
<EXPENSES-NET> (789)
<NET-INVESTMENT-INCOME> 12356
<REALIZED-GAINS-CURRENT> (1458)
<APPREC-INCREASE-CURRENT> 48
<NET-CHANGE-FROM-OPS> 10946
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10035)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 28482
<NUMBER-OF-SHARES-REDEEMED> (7221)
<SHARES-REINVESTED> 840
<NET-CHANGE-IN-ASSETS> 271932
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 629
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1224
<AVERAGE-NET-ASSETS> 196556
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .62
<PER-SHARE-GAIN-APPREC> (.08)
<PER-SHARE-DIVIDEND> (.62)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.92
<EXPENSE-RATIO> .40<F1>
<FN>
<F1>Would have been 0.41% if certain non-routine expenses
(proxy fees) had been included.
</FN>
</TABLE>
