<PAGE> PAGE 1
000 A000000 04/30/1999
000 C000000 0000908802
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 SCHRODER SERIES TRUST
001 B000000 811-7840
001 C000000 2126413900
002 A000000 787 SEVENTH AVE 34TH FLOOR
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 5
007 C010100 1
007 C020100 SCHRODER LARGE CAPITALIZATION EQUITY FUND
007 C030100 N
007 C010200 2
007 C020200 SCHRODER SMALL CAPITALIZATION VALUE FUND
007 C030200 N
007 C010300 3
007 C020300 SCHRODER MIDCAP VALUE FUND
007 C030300 N
007 C010400 4
007 C020400 SCHRODER INVESTMENT GRADE INCOME FUND
007 C030400 N
007 C010500 5
007 C020500 SCHRODER SHORT-TERM INVESTMENT FUND
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 SCHRODER CAPITAL MANAGEMENT INC.
008 B00AA01 A
008 C00AA01 801-8415
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10019
010 A00AA01 STATE STREET BANK AND TRUST COMPANY
010 B00AA01 85-05003
010 C01AA01 BOSTON
<PAGE> PAGE 2
010 C02AA01 MA
010 C03AA01 02210
011 A00AA01 SCHRODER FUND ADVISERS, INC.
011 B00AA01 8-16918
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-05003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02210
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10105
014 A00AA01 LEWCO SECURITIES
014 B00AA01 8-6661
014 A00AA02 SCHRODER & CO., INC.
014 B00AA02 8-016612
014 A00AA03 SCHRODER FUND ADVISERS, INC.
014 B00AA03 8-24129
014 A00AA04 SCHRODER STRUCTURED INVESTMENTS, INC.
014 B00AA04 8-27173
014 A00AA05 ONE WALL STREET PARTNERS, L.P.
014 B00AA05 8-33933
014 A00AA06 WSCI, L.P.
014 B00AA06 8-29018
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02105
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 CS FIRST BOSTON CORP
020 B000001 13-5659485
020 C000001 17
020 A000002 DONALD, LUFKIN & JENRETTE
020 B000002 13-2741729
020 C000002 16
020 A000003 LEHMAN BROS INC.
020 B000003 3-2518466
020 C000003 16
020 A000004 MERRILL LYNCH PIERCE FENNER
020 B000004 13-5674085
020 C000004 14
020 A000005 MORGAN STANLEY AND CO
020 B000005 13-2655998
<PAGE> PAGE 3
020 C000005 13
020 A000006 CIBC WORLD MARKETS CORP
020 C000006 10
020 A000007 AUTRANET, INC.
020 C000007 9
020 A000008 ROBINSON HUMPHREY
020 C000008 8
020 A000009 JEFFERIES & CO
020 B000009 13-5659485
020 C000009 8
020 A000010 BRIDGE TRADING
020 C000010 8
021 000000 222
022 A000001 STATE STREET GLOBAL ADVISORS
022 C000001 84328
022 D000001 85731
022 A000002 MERRILL LYNCH PIERCE FENNER
022 B000002 13-5674085
022 C000002 14984
022 D000002 6184
022 A000003 BARCLAYS DEZOETTE WEDD SECURITIES
022 C000003 5870
022 D000003 9272
022 A000004 CHASE SECURITIES
022 B000004 13-3112953
022 C000004 6238
022 D000004 6626
022 A000005 MORGAN STANLEY & CO
022 B000005 13-2655998
022 C000005 8726
022 D000005 3179
022 A000006 GOLDMAN SACHS & CO
022 B000006 13-5108880
022 C000006 4631
022 D000006 4879
022 A000007 SOLOMON SMITH BARNEY INC
022 B000007 13-3224016
022 C000007 4924
022 D000007 3319
022 A000008 LEHMAN BROS INC
022 B000008 3-2518466
022 C000008 7274
022 D000008 658
022 A000009 BEAR STEARNS SECURITIES
022 B000009 13-3299429
022 C000009 4937
022 D000009 2442
022 A000010 PRUDENTIAL SECURITIES
022 C000010 2674
022 D000010 1723
023 C000000 183370
<PAGE> PAGE 4
023 D000000 144438
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
<PAGE> PAGE 5
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 2500
077 A000000 N
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 B00AA00 0
084 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 Y
025 A000101 MOGAN STANLEY AND CO
025 B000101 13-2655998
025 C000101 E
025 D000101 714
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 1403
028 A020100 0
028 A030100 0
<PAGE> PAGE 6
028 A040100 666
028 B010100 1228
028 B020100 13338
028 B030100 0
028 B040100 1143
028 C010100 1976
028 C020100 21
028 C030100 0
028 C040100 2059
028 D010100 1921
028 D020100 0
028 D030100 0
028 D040100 831
028 E010100 3126
028 E020100 0
028 E030100 0
028 E040100 1729
028 F010100 1061
028 F020100 0
028 F030100 0
028 F040100 5484
028 G010100 10715
028 G020100 13359
028 G030100 0
028 G040100 11913
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.750
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
<PAGE> PAGE 7
048 K020100 0.000
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
<PAGE> PAGE 8
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 Y
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 33471
071 B000100 32510
071 C000100 66807
071 D000100 50
072 A000100 6
072 B000100 44
072 C000100 421
072 D000100 0
072 E000100 0
072 F000100 170
072 G000100 45
072 H000100 0
072 I000100 55
072 J000100 20
072 K000100 0
072 L000100 5
072 M000100 3
072 N000100 10
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 9
072 S000100 10
072 T000100 0
072 U000100 6
072 V000100 0
072 W000100 5
072 X000100 338
072 Y000100 16
072 Z000100 143
072AA000100 4679
072BB000100 1603
072CC010100 7414
072CC020100 0
<PAGE> PAGE 9
072DD010100 181
072DD020100 0
072EE000100 13211
073 A010100 0.0434
073 A020100 0.0000
073 B000100 3.1722
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 68849
074 G000100 0
074 H000100 0
074 I000100 955
074 J000100 2789
074 K000100 0
074 L000100 126
074 M000100 10
074 N000100 72729
074 O000100 2440
074 P000100 29
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 164
074 S000100 0
074 T000100 70096
074 U010100 5052
074 U020100 3
074 V010100 13.87
074 V020100 13.86
074 W000100 0.0000
074 X000100 1105
074 Y000100 0
075 A000100 0
075 B000100 68618
076 000100 0.00
024 000200 N
028 A010200 4695
028 A020200 0
028 A030200 0
028 A040200 1277
028 B010200 593
028 B020200 1230
028 B030200 0
028 B040200 6363
028 C010200 3866
028 C020200 0
<PAGE> PAGE 10
028 C030200 0
028 C040200 2215
028 D010200 1914
028 D020200 0
028 D030200 0
028 D040200 1967
028 E010200 1772
028 E020200 0
028 E030200 0
028 E040200 2983
028 F010200 1302
028 F020200 0
028 F030200 0
028 F040200 4112
028 G010200 14143
028 G020200 1230
028 G030200 0
028 G040200 18915
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.950
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
<PAGE> PAGE 11
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
<PAGE> PAGE 12
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 Y
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 29957
071 B000200 34131
071 C000200 64837
071 D000200 46
072 A000200 6
072 B000200 83
072 C000200 281
072 D000200 0
072 E000200 0
072 F000200 313
072 G000200 43
072 H000200 0
072 I000200 55
072 J000200 35
072 K000200 0
072 L000200 5
072 M000200 4
072 N000200 8
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 9
072 S000200 10
072 T000200 0
072 U000200 6
072 V000200 0
072 W000200 5
072 X000200 493
072 Y000200 11
072 Z000200 -118
072AA000200 6170
072BB000200 7045
072CC010200 2884
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 1240
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.2365
073 C000200 0.0000
<PAGE> PAGE 13
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 63633
074 G000200 0
074 H000200 0
074 I000200 1438
074 J000200 20
074 K000200 2
074 L000200 397
074 M000200 26
074 N000200 65516
074 O000200 450
074 P000200 48
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 50
074 S000200 0
074 T000200 64968
074 U010200 4933
074 U020200 10
074 V010200 13.14
074 V020200 13.07
074 W000200 0.0000
074 X000200 1108
074 Y000200 0
075 A000200 0
075 B000200 66409
076 000200 0.00
024 000300 N
028 A010300 186
028 A020300 0
028 A030300 0
028 A040300 93
028 B010300 47
028 B020300 4
028 B030300 0
028 B040300 185
028 C010300 138
028 C020300 0
028 C030300 0
028 C040300 783
028 D010300 1117
028 D020300 0
028 D030300 0
028 D040300 156
028 E010300 154
<PAGE> PAGE 14
028 E020300 0
028 E030300 0
028 E040300 366
028 F010300 202
028 F020300 0
028 F030300 0
028 F040300 284
028 G010300 1844
028 G020300 4
028 G030300 0
028 G040300 1867
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.900
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
<PAGE> PAGE 15
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 N
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 Y
<PAGE> PAGE 16
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 10812
071 B000300 9942
071 C000300 10962
071 D000300 97
072 A000300 6
072 B000300 15
072 C000300 59
072 D000300 0
072 E000300 0
072 F000300 50
072 G000300 10
072 H000300 0
072 I000300 24
072 J000300 27
072 K000300 0
072 L000300 5
072 M000300 1
072 N000300 9
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 9
072 S000300 10
072 T000300 0
072 U000300 3
072 V000300 0
072 W000300 1
072 X000300 149
072 Y000300 73
072 Z000300 -2
072AA000300 1713
072BB000300 995
072CC010300 1440
072CC020300 0
072DD010300 5
072DD020300 0
072EE000300 0
073 A010300 0.0046
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 12545
074 G000300 0
<PAGE> PAGE 17
074 H000300 0
074 I000300 332
074 J000300 183
074 K000300 12
074 L000300 13
074 M000300 19
074 N000300 13104
074 O000300 402
074 P000300 9
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 73
074 S000300 0
074 T000300 12620
074 U010300 1077
074 U020300 1
074 V010300 11.71
074 V020300 11.70
074 W000300 0.0000
074 X000300 269
074 Y000300 0
075 A000300 0
075 B000300 11294
076 000300 0.00
024 000400 Y
025 A000401 DONALDSON, LUFFIN & JENRETTE, INC
025 B000401 13-2741729
025 C000401 D
025 D000401 385
025 A000402 LEHMAN BROTHERS HOLDINGS, INC
025 B000402 13-2518466
025 C000402 D
025 D000402 418
025 A000403 PAINE WEBBER GROUP, INC
025 C000403 D
025 D000403 391
025 A000404 SOLOMON SMITH BARNEY INC
025 C000404 D
025 D000404 324
025 A000405 DELETE
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
025 D000409 0
025 D000410 0
025 D000411 0
025 D000412 0
025 D000413 0
<PAGE> PAGE 18
025 D000414 0
025 D000415 0
025 D000416 0
028 A010400 276
028 A020400 124
028 A030400 0
028 A040400 355
028 B010400 91
028 B020400 1009
028 B030400 0
028 B040400 235
028 C010400 4466
028 C020400 128
028 C030400 0
028 C040400 3997
028 D010400 225
028 D020400 130
028 D030400 0
028 D040400 638
028 E010400 513
028 E020400 129
028 E030400 0
028 E040400 110
028 F010400 349
028 F020400 132
028 F030400 0
028 F040400 619
028 G010400 5920
028 G020400 1653
028 G030400 0
028 G040400 5952
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.500
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
<PAGE> PAGE 19
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 4.1
062 M000400 26.8
062 N000400 24.0
062 O000400 0.0
062 P000400 36.9
062 Q000400 8.2
062 R000400 0.0
063 A000400 0
063 B000400 9.5
064 A000400 Y
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 Y
<PAGE> PAGE 20
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 N
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 Y
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 35037
071 B000400 34244
071 C000400 27351
071 D000400 125
072 A000400 6
072 B000400 875
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 0
072 G000400 20
072 H000400 0
072 I000400 21
072 J000400 22
072 K000400 0
072 L000400 5
072 M000400 2
072 N000400 9
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 9
072 S000400 10
072 T000400 0
072 U000400 6
072 V000400 0
072 W000400 2
072 X000400 106
072 Y000400 0
072 Z000400 769
072AA000400 388
072BB000400 326
<PAGE> PAGE 21
072CC010400 0
072CC020400 772
072DD010400 780
072DD020400 0
072EE000400 875
073 A010400 0.2684
073 A020400 0.0000
073 B000400 0.3116
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 26991
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 1081
074 J000400 1987
074 K000400 0
074 L000400 391
074 M000400 5
074 N000400 30455
074 O000400 2250
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 47
074 S000400 0
074 T000400 28158
074 U010400 2982
074 U020400 0
074 V010400 9.44
074 V020400 0.00
074 W000400 0.0000
074 X000400 452
074 Y000400 0
075 A000400 0
075 B000400 28287
076 000400 0.00
024 000500 Y
025 A000501 BANKERS TRUST COMMERCIAL
025 C000501 D
025 D000501 1044
025 A000502 DELETE
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
<PAGE> PAGE 22
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 1241
028 A020500 112
028 A030500 0
028 A040500 2460
028 B010500 1937
028 B020500 115
028 B030500 0
028 B040500 1010
028 C010500 2292
028 C020500 119
028 C030500 0
028 C040500 3465
028 D010500 2218
028 D020500 124
028 D030500 0
028 D040500 1722
028 E010500 2453
028 E020500 123
028 E030500 0
028 E040500 1812
028 F010500 2067
028 F020500 117
028 F030500 0
028 F040500 4837
028 G010500 12207
028 G020500 710
028 G030500 0
028 G040500 15305
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.400
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
<PAGE> PAGE 23
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 10.8
062 J000500 0.0
062 K000500 0.0
062 L000500 2.1
062 M000500 0.0
062 N000500 19.5
062 O000500 0.0
062 P000500 11.4
062 Q000500 56.2
062 R000500 0.0
063 A000500 290
063 B000500 0.0
064 A000500 Y
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
<PAGE> PAGE 24
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 Y
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 15054
071 B000500 2000
071 C000500 22548
071 D000500 9
072 A000500 6
072 B000500 868
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 58
072 G000500 21
072 H000500 0
072 I000500 31
072 J000500 19
072 K000500 0
072 L000500 5
072 M000500 2
072 N000500 9
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 9
072 S000500 10
072 T000500 0
072 U000500 4
072 V000500 0
072 W000500 2
072 X000500 170
072 Y000500 21
072 Z000500 719
072AA000500 0
072BB000500 45
<PAGE> PAGE 25
072CC010500 0
072CC020500 181
072DD010500 719
072DD020500 0
072EE000500 0
073 A010500 0.2427
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 4464
074 D000500 22386
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 494
074 J000500 0
074 K000500 5
074 L000500 133
074 M000500 4
074 N000500 27486
074 O000500 0
074 P000500 9
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 37
074 S000500 0
074 T000500 27440
074 U010500 2793
074 U020500 0
074 V010500 9.83
074 V020500 0.00
074 W000500 0.0000
074 X000500 809
074 Y000500 0
075 A000500 0
075 B000500 29164
076 000500 0.00
SIGNATURE ALAN M. MANDEL
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000908802
<NAME> SCHRODER SERIES TRUST
<SERIES>
<NUMBER> 1
<NAME> SCHRODER LARGE CAPITALIZATION EQUITY FUND-INVESTOR
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 59027010
<INVESTMENTS-AT-VALUE> 69803450
<RECEIVABLES> 2914885
<ASSETS-OTHER> 10327
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 72728662
<PAYABLE-FOR-SECURITIES> 2440130
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 192843
<TOTAL-LIABILITIES> 2632973
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56159709
<SHARES-COMMON-STOCK> 5051755
<SHARES-COMMON-PRIOR> 4113931
<ACCUMULATED-NII-CURRENT> 84070
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3075470
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10776440
<NET-ASSETS> 70056758
<DIVIDEND-INCOME> 421236
<INTEREST-INCOME> 44456
<OTHER-INCOME> 0
<EXPENSES-NET> 322540
<NET-INVESTMENT-INCOME> 143152
<REALIZED-GAINS-CURRENT> 3075995
<APPREC-INCREASE-CURRENT> 7413611
<NET-CHANGE-FROM-OPS> 10632758
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 180921
<DISTRIBUTIONS-OF-GAINS> 13211236
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 770079
<NUMBER-OF-SHARES-REDEEMED> 862210
<SHARES-REINVESTED> 1059955
<NET-CHANGE-IN-ASSETS> 9401242
<ACCUMULATED-NII-PRIOR> 121839
<ACCUMULATED-GAINS-PRIOR> 13210711
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 270811
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 423251
<AVERAGE-NET-ASSETS> 68580246
<PER-SHARE-NAV-BEGIN> 14.75
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 2.30
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> (3.17)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.87
<EXPENSE-RATIO> .001
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000908802
<NAME> SCHRODER SERIES TRUST
<SERIES>
<NUMBER> 1
<NAME> SCHRODER LARGE CAPITALIZATION EQUITY FUND-ADVISOR
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 59027010
<INVESTMENTS-AT-VALUE> 69803450
<RECEIVABLES> 2914885
<ASSETS-OTHER> 10327
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 72728662
<PAYABLE-FOR-SECURITIES> 2440130
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 192843
<TOTAL-LIABILITIES> 2632973
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59159709
<SHARES-COMMON-STOCK> 2809
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 84070
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3075470
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10776440
<NET-ASSETS> 38931
<DIVIDEND-INCOME> 421236
<INTEREST-INCOME> 44456
<OTHER-INCOME> 0
<EXPENSES-NET> 322540
<NET-INVESTMENT-INCOME> 143152
<REALIZED-GAINS-CURRENT> 3075995
<APPREC-INCREASE-CURRENT> 7413611
<NET-CHANGE-FROM-OPS> 10632758
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2809
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9401242
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 270811
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 423251
<AVERAGE-NET-ASSETS> 37624
<PER-SHARE-NAV-BEGIN> 13.35
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0.51
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.86
<EXPENSE-RATIO> .012
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000908802
<NAME> SCHRODER SERIES TRUST
<SERIES>
<NUMBER> 2
<NAME> SCHRODER SMALL CAPITALIZATIO VALUE FUND-INVESTOR
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 52898588
<INVESTMENTS-AT-VALUE> 65071163
<RECEIVABLES> 419296
<ASSETS-OTHER> 25482
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 65515941
<PAYABLE-FOR-SECURITIES> 450347
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 97515
<TOTAL-LIABILITIES> 547862
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53870166
<SHARES-COMMON-STOCK> 4933250
<SHARES-COMMON-PRIOR> 5252865
<ACCUMULATED-NII-CURRENT> (118285)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (956377)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12172575
<NET-ASSETS> 64833453
<DIVIDEND-INCOME> 280578
<INTEREST-INCOME> 83359
<OTHER-INCOME> 0
<EXPENSES-NET> 482222
<NET-INVESTMENT-INCOME> (118285)
<REALIZED-GAINS-CURRENT> (874419)
<APPREC-INCREASE-CURRENT> 2883669
<NET-CHANGE-FROM-OPS> 1890965
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1240173
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1080493
<NUMBER-OF-SHARES-REDEEMED> 1494932
<SHARES-REINVESTED> 94824
<NET-CHANGE-IN-ASSETS> (2894529)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1159680
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 323780
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 493022
<AVERAGE-NET-ASSETS> 66310397
<PER-SHARE-NAV-BEGIN> 12.91
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 0.49
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.24)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.14
<EXPENSE-RATIO> .015
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000908802
<NAME> SCHRODER SERIES TRUST
<SERIES>
<NUMBER> 2
<NAME> SCHRODER SMALL CAPITALIZATION VALUE FUND-ADVISOR
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 52898588
<INVESTMENTS-AT-VALUE> 65071163
<RECEIVABLES> 419296
<ASSETS-OTHER> 25482
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 65515941
<PAYABLE-FOR-SECURITIES> 450347
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 97515
<TOTAL-LIABILITIES> 547862
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53870166
<SHARES-COMMON-STOCK> 10302
<SHARES-COMMON-PRIOR> 3813
<ACCUMULATED-NII-CURRENT> (118285)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (956377)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12172575
<NET-ASSETS> 134626
<DIVIDEND-INCOME> 280578
<INTEREST-INCOME> 83359
<OTHER-INCOME> 0
<EXPENSES-NET> 482222
<NET-INVESTMENT-INCOME> (118285)
<REALIZED-GAINS-CURRENT> (874419)
<APPREC-INCREASE-CURRENT> 2883669
<NET-CHANGE-FROM-OPS> 1890965
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1465
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6587
<NUMBER-OF-SHARES-REDEEMED> 210
<SHARES-REINVESTED> 112
<NET-CHANGE-IN-ASSETS> (2894529)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1159680
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 323780
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 493022
<AVERAGE-NET-ASSETS> 98147
<PER-SHARE-NAV-BEGIN> 12.86
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 0.49
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.24)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.07
<EXPENSE-RATIO> .017
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000908802
<NAME> SCHRODER SERIES TRUST
<SERIES>
<NUMBER> 3
<NAME> SCHRODER MIDCAP VALUE FUND-INVESTOR
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 11144314
<INVESTMENTS-AT-VALUE> 12877154
<RECEIVABLES> 207815
<ASSETS-OTHER> 19186
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 13104155
<PAYABLE-FOR-SECURITIES> 402080
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 81913
<TOTAL-LIABILITIES> 483993
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11543456
<SHARES-COMMON-STOCK> 1077169
<SHARES-COMMON-PRIOR> 1078196
<ACCUMULATED-NII-CURRENT> (1774)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (654360)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1732840
<NET-ASSETS> 12616160
<DIVIDEND-INCOME> 59271
<INTEREST-INCOME> 14687
<OTHER-INCOME> (131)
<EXPENSES-NET> 75601
<NET-INVESTMENT-INCOME> (1774)
<REALIZED-GAINS-CURRENT> 718110
<APPREC-INCREASE-CURRENT> 1439973
<NET-CHANGE-FROM-OPS> 2156279
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4932
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1758651
<NUMBER-OF-SHARES-REDEEMED> 177365
<SHARES-REINVESTED> 473
<NET-CHANGE-IN-ASSETS> 2133371
<ACCUMULATED-NII-PRIOR> 4932
<ACCUMULATED-GAINS-PRIOR> (1372470)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 123323
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 148518
<AVERAGE-NET-ASSETS> 11290338
<PER-SHARE-NAV-BEGIN> 9.72
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 1.99
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.71
<EXPENSE-RATIO> .014
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000908802
<NAME> SCHRODER SERIES TRUST
<SERIES>
<NUMBER> 3
<NAME> SCHRODER MIDCAP VALUE FUND-ADVISOR
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 11144314
<INVESTMENTS-AT-VALUE> 12877154
<RECEIVABLES> 207815
<ASSETS-OTHER> 19186
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 13104155
<PAYABLE-FOR-SECURITIES> 402080
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 81913
<TOTAL-LIABILITIES> 483993
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11543456
<SHARES-COMMON-STOCK> 342
<SHARES-COMMON-PRIOR> 342
<ACCUMULATED-NII-CURRENT> (1774)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (654360)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1732840
<NET-ASSETS> 4002
<DIVIDEND-INCOME> 59271
<INTEREST-INCOME> 14687
<OTHER-INCOME> (131)
<EXPENSES-NET> 75601
<NET-INVESTMENT-INCOME> (1774)
<REALIZED-GAINS-CURRENT> 718110
<APPREC-INCREASE-CURRENT> 1439943
<NET-CHANGE-FROM-OPS> 2156279
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2113371
<ACCUMULATED-NII-PRIOR> 4932
<ACCUMULATED-GAINS-PRIOR> (1372470)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 123323
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 148518
<AVERAGE-NET-ASSETS> 3577
<PER-SHARE-NAV-BEGIN> 9.72
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 1.99
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.70
<EXPENSE-RATIO> .016
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000908802
<NAME> SCHRODER SERIES TRUST
<SERIES>
<NUMBER> 4
<NAME> SCHRODER INVESTMENT GRADE INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 28282807
<INVESTMENTS-AT-VALUE> 28072077
<RECEIVABLES> 2377681
<ASSETS-OTHER> 5103
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 30454861
<PAYABLE-FOR-SECURITIES> 2249493
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 47480
<TOTAL-LIABILITIES> 2296973
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28306565
<SHARES-COMMON-STOCK> 2982176
<SHARES-COMMON-PRIOR> 2813562
<ACCUMULATED-NII-CURRENT> 43
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 62010
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (210730)
<NET-ASSETS> 28157888
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 875126
<OTHER-INCOME> 0
<EXPENSES-NET> 106477
<NET-INVESTMENT-INCOME> 768649
<REALIZED-GAINS-CURRENT> 62264
<APPREC-INCREASE-CURRENT> (771895)
<NET-CHANGE-FROM-OPS> 59018
<EQUALIZATION> (1717)
<DISTRIBUTIONS-OF-INCOME> 779739
<DISTRIBUTIONS-OF-GAINS> 875449
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 613949
<NUMBER-OF-SHARES-REDEEMED> 616195
<SHARES-REINVESTED> 170860
<NET-CHANGE-IN-ASSETS> 24101
<ACCUMULATED-NII-PRIOR> 12850
<ACCUMULATED-GAINS-PRIOR> 875195
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 70138
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 106477
<AVERAGE-NET-ASSETS> 28287344
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> (0.24)
<PER-SHARE-DIVIDEND> (0.27)
<PER-SHARE-DISTRIBUTIONS> (0.31)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.44
<EXPENSE-RATIO> .008
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000908802
<NAME> SCHRODER SERIES TRUST
<SERIES>
<NUMBER> 5
<NAME> SCHRODER SHORT-TERM INVESTMENT FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 27385624
<INVESTMENTS-AT-VALUE> 27343748
<RECEIVABLES> 137518
<ASSETS-OTHER> 4776
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 27486042
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 46293
<TOTAL-LIABILITIES> 46293
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27641487
<SHARES-COMMON-STOCK> 2792497
<SHARES-COMMON-PRIOR> 3034881
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 3572
<ACCUMULATED-NET-GAINS> (156290)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (41876)
<NET-ASSETS> 27439749
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 868093
<OTHER-INCOME> 0
<EXPENSES-NET> 148953
<NET-INVESTMENT-INCOME> 719140
<REALIZED-GAINS-CURRENT> (44697)
<APPREC-INCREASE-CURRENT> (180996)
<NET-CHANGE-FROM-OPS> 493447
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 719140
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1237591
<NUMBER-OF-SHARES-REDEEMED> 1551943
<SHARES-REINVESTED> 71968
<NET-CHANGE-IN-ASSETS> (2614469)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (111593)
<OVERDISTRIB-NII-PRIOR> 3572
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 78458
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 169565
<AVERAGE-NET-ASSETS> 29164206
<PER-SHARE-NAV-BEGIN> 9.90
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> (0.07)
<PER-SHARE-DIVIDEND> (0.24)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.83
<EXPENSE-RATIO> .01
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
