<PAGE> PAGE 1
000 B000000 10/31/1999
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 INVESTMENT MANAGEMENT NORTH AMERICA
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 35
020 A000002 DONALD, LUFKIN & JENRETTE
020 B000002 13-2741729
020 C000002 33
020 A000003 LEHMAN BROS INC.
020 B000003 3-2518466
020 C000003 27
020 A000004 MORGAN STANLEY & CO
020 B000004 13-2655998
020 C000004 27
020 A000005 BERNSTEIN SANFORD & CO
020 B000005 13-2625874
<PAGE> PAGE 3
020 C000005 25
020 A000006 GOLDMAN SACHS & CO
020 B000006 13-5108880
020 C000006 21
020 A000007 WEEDEN & CO
020 B000007 13-3364318
020 C000007 19
020 A000008 MERRILL LYNCH PIERCE FENNER
020 B000008 13-5674085
020 C000008 18
020 A000009 AUTRANET INC
020 B000009 13-2961507
020 C000009 16
020 A000010 JEFFERIES & CO
020 B000010 95-2622900
020 C000010 11
021 000000 481
022 A000001 STATE STREET GLOBAL ADVISORS
022 B000001 04-1867445
022 C000001 177240
022 D000001 157758
022 A000002 MERRILL LYNCH PIERCE FENNER
022 B000002 13-5674085
022 C000002 20243
022 D000002 12600
022 A000003 BARCLAYS DEZOETTE WEDD SECURITIES
022 B000003 13-3551367
022 C000003 12514
022 D000003 19099
022 A000004 SOLOMON SMITH BARNEY INC
022 B000004 13-3224016
022 C000004 14636
022 D000004 11563
022 A000005 WARBURG DILLON READ LLC
022 B000005 13-3340045
022 C000005 11827
022 D000005 13969
022 A000006 MORGAN STANLEY & CO
022 B000006 13-2655998
022 C000006 15934
022 D000006 8592
022 A000007 CHASE SECURITIES
022 B000007 13-3112953
022 C000007 12576
022 D000007 7522
022 A000008 BANKERS TRUST COMMERCIAL
022 B000008 13-4941247
022 C000008 15479
022 D000008 3490
022 A000009 GOLDMAN SACHS & CO
022 B000009 13-5108880
<PAGE> PAGE 4
022 C000009 11392
022 D000009 6296
022 A000010 BEAR STEARNS SECURITIES
022 B000010 13-3299429
022 C000010 8284
022 D000010 8299
023 C000000 386189
023 D000000 280583
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
<PAGE> PAGE 5
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
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 Y
077 B000000 Y
078 000000 N
080 A00AA00 GULF INSURANCE CO
080 C00AA00 750
081 B00AA00 0
082 A00AA00 Y
082 B00AA00 10
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
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
<PAGE> PAGE 6
025 A000101 MORGAN STANLEY & CO
025 B000101 13-2655998
025 C000101 E
025 D000101 794
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 238
028 A020100 0
028 A030100 0
028 A040100 700
028 B010100 937
028 B020100 0
028 B030100 0
028 B040100 750
028 C010100 597
028 C020100 0
028 C030100 0
028 C040100 1827
028 D010100 554
028 D020100 0
028 D030100 0
028 D040100 1687
028 E010100 679
028 E020100 0
028 E030100 0
028 E040100 708
028 F010100 1169
028 F020100 0
028 F030100 0
028 F040100 1857
028 G010100 4174
028 G020100 0
028 G030100 0
028 G040100 7529
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
<PAGE> PAGE 7
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
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
<PAGE> PAGE 8
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
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 67251
071 B000100 68218
071 C000100 67547
071 D000100 100
072 A000100 12
072 B000100 63
072 C000100 744
072 D000100 0
072 E000100 0
072 F000100 518
072 G000100 82
072 H000100 0
072 I000100 118
072 J000100 40
072 K000100 0
072 L000100 10
072 M000100 8
072 N000100 20
072 O000100 0
072 P000100 0
<PAGE> PAGE 9
072 Q000100 0
072 R000100 18
072 S000100 20
072 T000100 0
072 U000100 6
072 V000100 0
072 W000100 9
072 X000100 849
072 Y000100 197
072 Z000100 155
072AA000100 10034
072BB000100 4846
072CC010100 8769
072CC020100 0
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 68275
074 G000100 0
074 H000100 0
074 I000100 1314
074 J000100 647
074 K000100 2
074 L000100 150
074 M000100 4
074 N000100 70392
074 O000100 0
074 P000100 29
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 142
074 S000100 0
074 T000100 70221
074 U010100 4814
074 U020100 4
074 V010100 14.58
074 V020100 14.55
074 W000100 0.0000
074 X000100 1060
074 Y000100 0
<PAGE> PAGE 10
075 A000100 0
075 B000100 69134
076 000100 0.00
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 1305
028 A020200 0
028 A030200 0
028 A040200 1258
028 B010200 1241
028 B020200 0
028 B030200 0
028 B040200 4191
028 C010200 591
028 C020200 0
028 C030200 0
028 C040200 1392
028 D010200 563
028 D020200 0
028 D030200 0
028 D040200 1707
028 E010200 586
028 E020200 0
028 E030200 0
028 E040200 575
028 F010200 1711
028 F020200 0
028 F030200 0
028 F040200 1633
028 G010200 5997
028 G020200 0
028 G030200 0
028 G040200 10756
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
<PAGE> PAGE 11
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
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
<PAGE> PAGE 12
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
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 64776
071 B000200 76390
071 C000200 63683
071 D000200 102
072 A000200 12
072 B000200 102
072 C000200 535
072 D000200 0
072 E000200 0
072 F000200 628
072 G000200 79
072 H000200 0
072 I000200 139
072 J000200 84
072 K000200 0
072 L000200 10
072 M000200 8
072 N000200 16
072 O000200 0
<PAGE> PAGE 13
072 P000200 0
072 Q000200 0
072 R000200 18
072 S000200 20
072 T000200 0
072 U000200 6
072 V000200 0
072 W000200 11
072 X000200 1019
072 Y000200 26
072 Z000200 -356
072AA000200 15974
072BB000200 12807
072CC010200 0
072CC020200 794
072DD010200 0
072DD020200 0
072EE000200 1242
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.2365
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 55515
074 G000200 0
074 H000200 0
074 I000200 2570
074 J000200 2020
074 K000200 0
074 L000200 647
074 M000200 15
074 N000200 60767
074 O000200 295
074 P000200 69
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 68
074 S000200 0
074 T000200 60335
074 U010200 4595
074 U020200 10
074 V010200 13.10
074 V020200 12.99
074 W000200 0.0000
074 X000200 1006
<PAGE> PAGE 14
074 Y000200 0
075 A000200 0
075 B000200 66104
076 000200 0.00
024 000300 N
025 D000301 0
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 60
028 A020300 0
028 A030300 0
028 A040300 156
028 B010300 40
028 B020300 0
028 B030300 0
028 B040300 123
028 C010300 33
028 C020300 0
028 C030300 0
028 C040300 369
028 D010300 94
028 D020300 0
028 D030300 0
028 D040300 160
028 E010300 202
028 E020300 0
028 E030300 0
028 E040300 50
028 F010300 188
028 F020300 0
028 F030300 0
028 F040300 325
028 G010300 617
028 G020300 0
028 G030300 0
028 G040300 1183
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
<PAGE> PAGE 15
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
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
<PAGE> PAGE 16
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
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 19266
071 B000300 18945
071 C000300 11011
071 D000300 175
072 A000300 12
072 B000300 24
072 C000300 128
072 D000300 0
072 E000300 0
072 F000300 104
072 G000300 16
072 H000300 0
072 I000300 32
072 J000300 54
072 K000300 0
072 L000300 8
072 M000300 1
072 N000300 20
<PAGE> PAGE 17
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 18
072 S000300 20
072 T000300 0
072 U000300 6
072 V000300 0
072 W000300 3
072 X000300 282
072 Y000300 126
072 Z000300 -4
072AA000300 2774
072BB000300 1781
072CC010300 296
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 10851
074 G000300 0
074 H000300 0
074 I000300 389
074 J000300 0
074 K000300 5
074 L000300 129
074 M000300 15
074 N000300 11389
074 O000300 122
074 P000300 8
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 76
074 S000300 0
074 T000300 11183
074 U010300 1027
074 U020300 1
074 V010300 10.88
074 V020300 10.86
074 W000300 0.0000
<PAGE> PAGE 18
074 X000300 275
074 Y000300 0
075 A000300 0
075 B000300 11555
076 000300 0.00
024 000400 Y
025 A000401 BEAR STEARNS SECURITIES
025 B000401 13-3299429
025 C000401 D
025 D000401 404
025 A000402 DELETE
025 D000402 0
025 A000403 DELETE
025 D000403 0
025 A000404 DELETE
025 D000404 0
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
025 D000414 0
025 D000415 0
025 D000416 0
028 A010400 50
028 A020400 136
028 A030400 0
028 A040400 1005
028 B010400 357
028 B020400 128
028 B030400 0
028 B040400 841
028 C010400 167
028 C020400 143
028 C030400 0
028 C040400 687
028 D010400 137
028 D020400 135
028 D030400 0
028 D040400 499
028 E010400 78
028 E020400 140
028 E030400 0
028 E040400 119
028 F010400 89
028 F020400 127
028 F030400 0
<PAGE> PAGE 19
028 F040400 654
028 G010400 878
028 G020400 809
028 G030400 0
028 G040400 3805
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
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 4.8
062 M000400 11.1
062 N000400 31.7
062 O000400 0.0
062 P000400 36.9
062 Q000400 19.8
062 R000400 0.0
063 A000400 0
<PAGE> PAGE 20
063 B000400 7.8
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
070 I020400 N
070 J010400 Y
070 J020400 Y
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 77547
071 B000400 79213
071 C000400 26223
071 D000400 301
072 A000400 12
072 B000400 1779
072 C000400 0
<PAGE> PAGE 21
072 D000400 0
072 E000400 0
072 F000400 136
072 G000400 35
072 H000400 0
072 I000400 37
072 J000400 44
072 K000400 0
072 L000400 10
072 M000400 3
072 N000400 17
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 18
072 S000400 20
072 T000400 0
072 U000400 6
072 V000400 0
072 W000400 5
072 X000400 331
072 Y000400 136
072 Z000400 1584
072AA000400 472
072BB000400 1240
072CC010400 0
072CC020400 1029
072DD010400 1589
072DD020400 0
072EE000400 875
073 A010400 0.5570
073 A020400 0.0000
073 B000400 0.3116
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 24832
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 1203
074 J000400 115
074 K000400 0
074 L000400 326
074 M000400 0
074 N000400 26476
074 O000400 1443
074 P000400 0
074 Q000400 0
<PAGE> PAGE 22
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 76
074 S000400 0
074 T000400 24957
074 U010400 2754
074 U020400 0
074 V010400 9.06
074 V020400 0.00
074 W000400 0.0000
074 X000400 412
074 Y000400 1147
075 A000400 0
075 B000400 27138
076 000400 0.00
024 000500 Y
025 A000501 BEAR STEARNS SECURITIES
025 B000501 13-3299429
025 C000501 D
025 D000501 398
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 883
028 A020500 115
028 A030500 0
028 A040500 1298
028 B010500 1008
028 B020500 119
028 B030500 0
028 B040500 1796
028 C010500 3089
028 C020500 125
028 C030500 0
028 C040500 1901
028 D010500 2683
028 D020500 122
028 D030500 0
028 D040500 3396
028 E010500 1977
028 E020500 126
028 E030500 0
028 E040500 2412
028 F010500 1988
028 F020500 117
028 F030500 0
<PAGE> PAGE 23
028 F040500 1662
028 G010500 11628
028 G020500 724
028 G030500 0
028 G040500 12465
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
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 21.0
062 J000500 0.0
062 K000500 0.0
062 L000500 3.7
062 M000500 0.0
062 N000500 23.1
062 O000500 0.0
062 P000500 4.1
062 Q000500 48.0
062 R000500 0.0
063 A000500 184
<PAGE> PAGE 24
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
070 I020500 N
070 J010500 Y
070 J020500 Y
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 21367
071 B000500 19874
071 C000500 22374
071 D000500 92
072 A000500 12
072 B000500 1745
072 C000500 0
<PAGE> PAGE 25
072 D000500 0
072 E000500 0
072 F000500 112
072 G000500 36
072 H000500 0
072 I000500 68
072 J000500 38
072 K000500 0
072 L000500 10
072 M000500 4
072 N000500 18
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 18
072 S000500 20
072 T000500 0
072 U000500 4
072 V000500 0
072 W000500 6
072 X000500 334
072 Y000500 45
072 Z000500 1456
072AA000500 0
072BB000500 94
072CC010500 0
072CC020500 355
072DD010500 1456
072DD020500 0
072EE000500 0
073 A010500 0.5100
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 5692
074 D000500 20369
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 1002
074 J000500 0
074 K000500 4
074 L000500 102
074 M000500 0
074 N000500 27169
074 O000500 0
074 P000500 9
074 Q000500 0
<PAGE> PAGE 26
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 58
074 S000500 0
074 T000500 27102
074 U010500 2781
074 U020500 0
074 V010500 9.74
074 V020500 0.00
074 W000500 0.0000
074 X000500 760
074 Y000500 0
075 A000500 0
075 B000500 27954
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 CAPITILIZATION FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 57,457,026
<INVESTMENTS-AT-VALUE> 69,589,346
<RECEIVABLES> 798,492
<ASSETS-OTHER> 4,456
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 70,392,294
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 171,355
<TOTAL-LIABILITIES> 171,355
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53,472,492
<SHARES-COMMON-STOCK> 4,813,987
<SHARES-COMMON-PRIOR> 4,113,931
<ACCUMULATED-NII-CURRENT> 76,906
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,539,221
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,132,320
<NET-ASSETS> 70,220,939
<DIVIDEND-INCOME> 743,599
<INTEREST-INCOME> 63,422
<OTHER-INCOME> 0
<EXPENSES-NET> 651,676
<NET-INVESTMENT-INCOME> 155,345
<REALIZED-GAINS-CURRENT> 5,187,928
<APPREC-INCREASE-CURRENT> 8,769,491
<NET-CHANGE-FROM-OPS> 14,112,764
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 180,868
<DISTRIBUTIONS-OF-GAINS> 13,211,192
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,065,957
<NUMBER-OF-SHARES-REDEEMED> 1,395,856
<SHARES-REINVESTED> 1,029,955
<NET-CHANGE-IN-ASSETS> 9,526,492
<ACCUMULATED-NII-PRIOR> 121,839
<ACCUMULATED-GAINS-PRIOR> 13,210,711
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 518,439
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 849,427
<AVERAGE-NET-ASSETS> 69,092,257
<PER-SHARE-NAV-BEGIN> 14.75
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 3.01
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> (3.17)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.58
<EXPENSE-RATIO> 0.94
[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> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 57457026
<INVESTMENTS-AT-VALUE> 69589346
<RECEIVABLES> 798492
<ASSETS-OTHER> 4456
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 70392294
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 171355
<TOTAL-LIABILITIES> 171355
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53472492
<SHARES-COMMON-STOCK> 3592
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 76906
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4539221
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12132320
<NET-ASSETS> 70220939
<DIVIDEND-INCOME> 743599
<INTEREST-INCOME> 63422
<OTHER-INCOME> 0
<EXPENSES-NET> 651676
<NET-INVESTMENT-INCOME> 155345
<REALIZED-GAINS-CURRENT> 5187928
<APPREC-INCREASE-CURRENT> 8769491
<NET-CHANGE-FROM-OPS> 14112764
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3592
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9526492
<ACCUMULATED-NII-PRIOR> 121839
<ACCUMULATED-GAINS-PRIOR> 13210711
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 518439
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 849427
<AVERAGE-NET-ASSETS> 42215
<PER-SHARE-NAV-BEGIN> 13.35
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> 1.21
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.55
<EXPENSE-RATIO> 1.19
[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-Investor
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 49,590,069
<INVESTMENTS-AT-VALUE> 58,084,993
<RECEIVABLES> 2,667,268
<ASSETS-OTHER> 15,101
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 60,767,362
<PAYABLE-FOR-SECURITIES> 295,433
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 136,883
<TOTAL-LIABILITIES> 432,316
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 49,636,957
<SHARES-COMMON-STOCK> 4,594,544
<SHARES-COMMON-PRIOR> 5,252,865
<ACCUMULATED-NII-CURRENT> (229,129)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,432,294
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,494,924
<NET-ASSETS> 60,335,046
<DIVIDEND-INCOME> 534,780
<INTEREST-INCOME> 102,492
<OTHER-INCOME> 0
<EXPENSES-NET> 993,148
<NET-INVESTMENT-INCOME> (355,876)
<REALIZED-GAINS-CURRENT> 3,167,389
<APPREC-INCREASE-CURRENT> (793,982)
<NET-CHANGE-FROM-OPS> 2,017,531
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1,240,172)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,514,759
<NUMBER-OF-SHARES-REDEEMED> 2,267,904
<SHARES-REINVESTED> 94,824
<NET-CHANGE-IN-ASSETS> (7,527,562)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,159,680
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 628,271
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,018,899
<AVERAGE-NET-ASSETS> 65,984,170
<PER-SHARE-NAV-BEGIN> 12.91
<PER-SHARE-NII> (0.08)
<PER-SHARE-GAIN-APPREC> .51
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.24)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.10
<EXPENSE-RATIO> 1.50
[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> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 49,590,069
<INVESTMENTS-AT-VALUE> 58,084,993
<RECEIVABLES> 2,667,268
<ASSETS-OTHER> 15,101
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 60,767,362
<PAYABLE-FOR-SECURITIES> 295,433
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 136,883
<TOTAL-LIABILITIES> 432,316
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 49,636,957
<SHARES-COMMON-STOCK> 9,904
<SHARES-COMMON-PRIOR> 3,813
<ACCUMULATED-NII-CURRENT> (229,129)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,432,294
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,494,924
<NET-ASSETS> 60,335,046
<DIVIDEND-INCOME> 534,780
<INTEREST-INCOME> 102,492
<OTHER-INCOME> 0
<EXPENSES-NET> 993,148
<NET-INVESTMENT-INCOME> (355,876)
<REALIZED-GAINS-CURRENT> 3,167,389
<APPREC-INCREASE-CURRENT> (793,982)
<NET-CHANGE-FROM-OPS> 2,017,531
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1,465)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,122
<NUMBER-OF-SHARES-REDEEMED> 4,143
<SHARES-REINVESTED> 112
<NET-CHANGE-IN-ASSETS> (7,527,562)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,159,680
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 628,271
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,018,899
<AVERAGE-NET-ASSETS> 119,641
<PER-SHARE-NAV-BEGIN> 12.86
<PER-SHARE-NII> (0.11)
<PER-SHARE-GAIN-APPREC> .48
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.24)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.99
<EXPENSE-RATIO> 1.75
[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> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 10,651,200
<INVESTMENTS-AT-VALUE> 11,240,081
<RECEIVABLES> 134,690
<ASSETS-OTHER> 14,292
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,389,063
<PAYABLE-FOR-SECURITIES> 122,087
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 83,861
<TOTAL-LIABILITIES> 205,948
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,971,537
<SHARES-COMMON-STOCK> 342
<SHARES-COMMON-PRIOR> 342
<ACCUMULATED-NII-CURRENT> 1,706
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (379,009)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 588,881
<NET-ASSETS> 11,183,115
<DIVIDEND-INCOME> 127,900
<INTEREST-INCOME> 24,533
<OTHER-INCOME> 0
<EXPENSES-NET> 156,371
<NET-INVESTMENT-INCOME> (3,938)
<REALIZED-GAINS-CURRENT> 993,461
<APPREC-INCREASE-CURRENT> 295,984
<NET-CHANGE-FROM-OPS> 1,285,507
<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> 696,324
<ACCUMULATED-NII-PRIOR> 4,932
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,372,470)
<GROSS-ADVISORY-FEES> 103,995
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 282,320
<AVERAGE-NET-ASSETS> 3,712
<PER-SHARE-NAV-BEGIN> 9.72
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 1.17
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.86
<EXPENSE-RATIO> 1.6
[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> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 26,502,748
<INVESTMENTS-AT-VALUE> 26,034,664
<RECEIVABLES> 441,203
<ASSETS-OTHER> 487
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26,476,354
<PAYABLE-FOR-SECURITIES> 1,443,010
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 76,454
<TOTAL-LIABILITIES> 1,519,464
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26,196,362
<SHARES-COMMON-STOCK> 2,753,564
<SHARES-COMMON-PRIOR> 2,813,562
<ACCUMULATED-NII-CURRENT> 13,399
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (784,787)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (468,084)
<NET-ASSETS> 24,956,890
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,779,471
<OTHER-INCOME> 0
<EXPENSES-NET> 195,437
<NET-INVESTMENT-INCOME> 1,584,124
<REALIZED-GAINS-CURRENT> (767,652)
<APPREC-INCREASE-CURRENT> (1,029,249)
<NET-CHANGE-FROM-OPS> (212,777)
<EQUALIZATION> (7,624)
<DISTRIBUTIONS-OF-INCOME> 1,589,130
<DISTRIBUTIONS-OF-GAINS> (875,449)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 709,924
<NUMBER-OF-SHARES-REDEEMED> 1,029,427
<SHARES-REINVESTED> 259,505
<NET-CHANGE-IN-ASSETS> (3,176,897)
<ACCUMULATED-NII-PRIOR> 12,850
<ACCUMULATED-GAINS-PRIOR> 875,195
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 135,703
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 331,050
<AVERAGE-NET-ASSETS> 27,137,698
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.55
<PER-SHARE-GAIN-APPREC> (0.62)
<PER-SHARE-DIVIDEND> (0.56)
<PER-SHARE-DISTRIBUTIONS> (0.31)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.06
<EXPENSE-RATIO> 0.72
[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> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 27,279,339
<INVESTMENTS-AT-VALUE> 27,063,467
<RECEIVABLES> 105,968
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 27,169,435
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 67,151
<TOTAL-LIABILITIES> 67,151
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27,521,403
<SHARES-COMMON-STOCK> 2,781,248
<SHARES-COMMON-PRIOR> 3,034,881
<ACCUMULATED-NII-CURRENT> 9,205
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (212,452)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (215,872)
<NET-ASSETS> 27,102,284
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,744,684
<OTHER-INCOME> 0
<EXPENSES-NET> 288,310
<NET-INVESTMENT-INCOME> 1,456,374
<REALIZED-GAINS-CURRENT> (94,336)
<APPREC-INCREASE-CURRENT> (354,992)
<NET-CHANGE-FROM-OPS> 1,007,046
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,456,374)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,428,306
<NUMBER-OF-SHARES-REDEEMED> 2,828,024
<SHARES-REINVESTED> 146,085
<NET-CHANGE-IN-ASSETS> (2,951,934)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (3,572)
<OVERDIST-NET-GAINS-PRIOR> (111,593)
<GROSS-ADVISORY-FEES> 111,813
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 333,545
<AVERAGE-NET-ASSETS> 27,954,154
<PER-SHARE-NAV-BEGIN> 9.90
<PER-SHARE-NII> .51
<PER-SHARE-GAIN-APPREC> (0.16)
<PER-SHARE-DIVIDEND> (0.51)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.74
<EXPENSE-RATIO> 1.03
[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-INV
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 10,651,200
<INVESTMENTS-AT-VALUE> 11,240,081
<RECEIVABLES> 134,690
<ASSETS-OTHER> 14,292
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,389,063
<PAYABLE-FOR-SECURITIES> 122,087
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 83,861
<TOTAL-LIABILITIES> 205,948
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,971,537
<SHARES-COMMON-STOCK> 1,027,132
<SHARES-COMMON-PRIOR> 1,078,196
<ACCUMULATED-NII-CURRENT> 1,706
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (379,009)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 588,881
<NET-ASSETS> 11,183,115
<DIVIDEND-INCOME> 127,900
<INTEREST-INCOME> 24,533
<OTHER-INCOME> 0
<EXPENSES-NET> 156,371
<NET-INVESTMENT-INCOME> (3,938)
<REALIZED-GAINS-CURRENT> 993,461
<APPREC-INCREASE-CURRENT> 295,984
<NET-CHANGE-FROM-OPS> 1,285,507
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,932)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 232,021
<NUMBER-OF-SHARES-REDEEMED> 283,558
<SHARES-REINVESTED> 473
<NET-CHANGE-IN-ASSETS> 696,324
<ACCUMULATED-NII-PRIOR> 4,932
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,372,470)
<GROSS-ADVISORY-FEES> 103,995
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 282,320
<AVERAGE-NET-ASSETS> 11,551,177
<PER-SHARE-NAV-BEGIN> 9.72
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 1.16
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.88
<EXPENSE-RATIO> 1.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
ARTHUR ANDERSEN LLP
To the Shareholders and
Board of Trustees of Schroder Series Trust:
In planning and performing our audit of the financial
statements of Schroder Series Trust for the year ended
October 31, 1999, we considered its internal control,
including control activities for safeguarding securities, in
order to determine our auditing procedures for the purpose
of expressing our opinion on the financial statements and to
comply with the requirements of Form N-SAR, not to provide
assurance on internal control.
The management of Schroder Series Trust is responsible for
establishing and maintaining internal control. In
fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls. Generally, controls that are
relevant to an audit pertain to the entity's objective of
preparing financial statements for external purposes that
are fairly presented in conformity with generally accepted
accounting principles. Those controls include the
safeguarding of assets against unauthorized acquisition, use
or disposition.
Because of inherent limitations in internal control, error
or fraud may occur and not be detected. Also, projection of
any evaluation of internal control to future periods is
subject to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be
material weaknesses under standards established by the
American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or
operation of one or more of the internal control components
does not reduce to a relatively low level the risk that
misstatements caused by error or fraud in amounts that would
be material in relation to the financial statements being
audited may occur and not be detected within a timely period
by employees in the normal course of performing their
assigned functions. However, we noted no matters involving
internal control and its operation, including controls for
safeguarding securities, that we consider to be material
weaknesses as defined above as of October 31, 1999.
This report is intended solely for the information and use
of management, the Board of Trustees of Schroder Series
Trust, and the Securities and Exchange Commission.
New York, New York
December 14, 1999
