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SCHRODER SERIES TRUST
PROSPECTUS SUPPLEMENT
To Investor Shares Prospectus dated March 1, 2000
TERMINATION OF MIDCAP VALUE AND SHORT-TERM INVESTMENT FUNDS
The Board of Trustees of Schroder Series Trust has voted to terminate
Schroder MidCap Value Fund and Schroder Short-Term Investment Fund. Upon
termination, each Fund's net assets will be distributed to its shareholders in
complete liquidation of the Fund. The Trust has not set a specific date for the
termination, although it is expected that each Fund will terminate on or about
June 30, 2000.
If you have any questions regarding the termination, please contact
Schroder at (800) 464-3108.
April 19, 2000
<PAGE>
SCHRODER SERIES TRUST
PROSPECTUS SUPPLEMENT
To Advisor Shares Prospectus dated March 1, 2000
TERMINATION OF MIDCAP VALUE FUND
The Board of Trustees of Schroder Series Trust has voted to terminate
Schroder MidCap Value Fund. Upon termination, the Fund's net assets will be
distributed to its shareholders in complete liquidation of the Fund. The Trust
has not set a specific date for the termination, although it is expected that
the Fund will terminate on or about June 30, 2000.
If you have any questions regarding the termination, please contact
Schroder at (800) 464-3108.
April 19, 2000
