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SUPPLEMENT
TO THE SCHWABFUNDS(R) PROSPECTUSES
SCHWAB MARKETTRACK PORTFOLIOS(TM) PROSPECTUS DATED
APRIL 16, 1998 AND SCHWAB MARKETMANAGER PORTFOLIOS(TM) PROSPECTUS
DATED FEBRUARY 28, 1998 AS AMENDED APRIL 16, 1998
The following supplements the information in each prospectus. Please read the
Statement of Additional Information dated April 30, 1998, as amended October 23,
1998 for more details.
Certain European countries plan to convert to a common "euro" currency beginning
January 1, 1999. The value of securities of issuers in those countries may be
adversely affected by the conversion as a result of greater fluctuations in
currency exchange rates, investor expectations leading up to the conversion and
other factors.
Although the Investment Manager is taking steps to minimize the risk that the
Funds' operations will be affected by the conversion, it is not possible to
identify or eliminate all risk that may affect the smooth operations of the
Funds or their performance.
