<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000869365
<NAME> SCHWAB INVESTMENTS
<SERIES>
<NUMBER> 07
<NAME> SCHWAB TOTAL BOND MARKET INDEX FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-2000
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 850582
<INVESTMENTS-AT-VALUE> 851729
<RECEIVABLES> 17155
<ASSETS-OTHER> 147990
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1016874
<PAYABLE-FOR-SECURITIES> 220684
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 149655
<TOTAL-LIABILITIES> 370339
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 662185
<SHARES-COMMON-STOCK> 67005
<SHARES-COMMON-PRIOR> 50091
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (108)
<ACCUMULATED-NET-GAINS> (16210)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 668
<NET-ASSETS> 646535
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 38046
<OTHER-INCOME> 12
<EXPENSES-NET> (2007)
<NET-INVESTMENT-INCOME> 36051
<REALIZED-GAINS-CURRENT> (5924)
<APPREC-INCREASE-CURRENT> 10991
<NET-CHANGE-FROM-OPS> 41118
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (36076)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 28519
<NUMBER-OF-SHARES-REDEEMED> (15074)
<SHARES-REINVESTED> 3469
<NET-CHANGE-IN-ASSETS> 166596
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (10286)
<OVERDISTRIB-NII-PRIOR> (83)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1746
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3532
<AVERAGE-NET-ASSETS> 561531
<PER-SHARE-NAV-BEGIN> 9.58
<PER-SHARE-NII> .61
<PER-SHARE-GAIN-APPREC> .07
<PER-SHARE-DIVIDEND> (.61)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.65
<EXPENSE-RATIO> .35<F1>
<FN>
<F1>Would have been 0.36% if certain non-routine expenses
(proxy fees) had been included.
</FN>
</TABLE>
