<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000869365
<NAME> SCHWAB INVESTMENTS
<SERIES>
<NUMBER> 010
<NAME> SCHWAB 1000 FUND, SELECT CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 4187799
<INVESTMENTS-AT-VALUE> 7598647
<RECEIVABLES> 21532
<ASSETS-OTHER> 306856
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7927035
<PAYABLE-FOR-SECURITIES> 13999
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 311266
<TOTAL-LIABILITIES> 325265
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4174918
<SHARES-COMMON-STOCK> 63004
<SHARES-COMMON-PRIOR> 59563
<ACCUMULATED-NII-CURRENT> 39491
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (23445)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3410806
<NET-ASSETS> 7601770
<DIVIDEND-INCOME> 81487
<INTEREST-INCOME> 418
<OTHER-INCOME> 1033
<EXPENSES-NET> (32681)
<NET-INVESTMENT-INCOME> 50257
<REALIZED-GAINS-CURRENT> (3127)
<APPREC-INCREASE-CURRENT> 542135
<NET-CHANGE-FROM-OPS> 589265
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (19080)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 18493
<NUMBER-OF-SHARES-REDEEMED> (15483)
<SHARES-REINVESTED> 431
<NET-CHANGE-IN-ASSETS> 463579
<ACCUMULATED-NII-PRIOR> 42250
<ACCUMULATED-GAINS-PRIOR> (20318)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 16968
<INTEREST-EXPENSE> 109
<GROSS-EXPENSE> 35172
<AVERAGE-NET-ASSETS> 7527288
<PER-SHARE-NAV-BEGIN> 37.16
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 2.84
<PER-SHARE-DIVIDEND> (0.31)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 39.98
<EXPENSE-RATIO> 0.35<F1>
<FN>
<F1>Would have been 0.36% if certain non-routine expenses (proxy fees) had been
included.
</FN>
</TABLE>
