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Rule 497(e)
Registration No. 33-65632
SCHRODER SERIES TRUST
PROSPECTUS SUPPLEMENT
TO INVESTOR SHARES PROSPECTUS DATED MARCH 1, 1997
AS REVISED SEPTEMBER 12, 1997
The second full paragraph on page 18 of the Prospectus is amended to read as
follows:
"Schroder Fund Advisors Inc., Schroder, or their affiliates may, at
their own expense and out of their own assets, provide compensation to
dealers or other financial intermediaries in connection with sales of
Trust shares or shareholder servicing. In some instances, this
compensation may be made available only to certain dealers or other
financial intermediaries who have sold or are expected to sell
significant amounts of shares of the Trust. If you purchase or sell
shares through a financial intermediary, the intermediary may charge a
fee for its services. Consult your financial intermediary for
information."
The second sentence of the first paragraph under the heading "Schroder Small
Capitalization Value Fund" on page 9 of the Prospectus is amended to read as
follows:
"The Fund invests primarily in equity securities of companies having
relatively small market capitalization (generally less than $1.5
billion) that Schroder believes have potential for capital
appreciation."
December 24, 1997
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Rule 497(e)
Registration No. 33-65632
SCHRODER SERIES TRUST
PROSPECTUS SUPPLEMENT
TO ADVISOR SHARES PROSPECTUS DATED JUNE 17, 1997
AS REVISED OCTOBER 8, 1997
The second sentence of the first paragraph under the heading "Schroder Small
Capitalization Value Fund" on page 7 of the Prospectus is amended to read as
follows:
"The Fund invests primarily in equity securities of companies having
relatively small market capitalization (generally less than $1.5
billion) that Schroder believes have potential for capital
appreciation."
December 24, 1997
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