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SUPPLEMENT
TO THE SCHWABFUNDS(R) PROSPECTUSES
Schwab Analytics Fund(TM) Prospectus dated February 28, 1998
Schwab Equity Index Funds Prospectus dated December 31, 1997
Schwab Tax-Free Bond Funds and Schwab California Tax-Free Bond Funds
Prospectuses dated December 15, 1997
Schwab Bond Index Funds Prospectus dated March 17, 1998
The following replaces the information contained in the "Opening a Schwab
Account" section of the prospectus, relating to Schwab and Schwab One(R)
accounts minimums and fees.
SCHWAB OFFERS DIFFERENT TYPES OF ACCOUNTS WITH VARYING MINIMUM INITIAL
INVESTMENT AND BALANCE REQUIREMENTS DESIGNED TO FIT THE NEEDS OF A VARIETY OF
INVESTORS. CONTACT SCHWAB FOR MORE INFORMATION AND READ YOUR ACCOUNT AGREEMENT
AND APPLICATION FOR SPECIFIC ACCOUNT DETAILS, INCLUDING MINIMUM INITIAL
INVESTMENT AND BALANCE REQUIREMENTS AND FEES. CONTACT SCHWAB FOR INSTRUCTIONS
AND ANY APPLICABLE FEES IF YOU WOULD LIKE TO WIRE MONEY FROM YOUR SCHWAB
ACCOUNT.
TF5540 (4/20/98)
