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
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 43742300
<INVESTMENTS-AT-VALUE> 53091258
<RECEIVABLES> 458431
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 15249
<TOTAL-ASSETS> 53564938
<PAYABLE-FOR-SECURITIES> 213150
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 111587
<TOTAL-LIABILITIES> 324737
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 33198865
<SHARES-COMMON-STOCK> 3290783
<SHARES-COMMON-PRIOR> 4594544
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10692378
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9348958
<NET-ASSETS> 53240201
<DIVIDEND-INCOME> 504498
<INTEREST-INCOME> 101803
<OTHER-INCOME> 0
<EXPENSES-NET> 832095
<NET-INVESTMENT-INCOME> (225794)
<REALIZED-GAINS-CURRENT> 14748939
<APPREC-INCREASE-CURRENT> 854034
<NET-CHANGE-FROM-OPS> 15377179
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2491082)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1953764
<NUMBER-OF-SHARES-REDEEMED> 3451165
<SHARES-REINVESTED> 193640
<NET-CHANGE-IN-ASSETS> (7094845)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2432294
<OVERDISTRIB-NII-PRIOR> (229129)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 550214
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 847964
<AVERAGE-NET-ASSETS> 57812648
<PER-SHARE-NAV-BEGIN> 13.10
<PER-SHARE-NII> (.09)
<PER-SHARE-GAIN-APPREC> 3.74
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.57)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.18
<EXPENSE-RATIO> 1.44
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
