<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000918266
<NAME> SCHWABFUNDS
<SERIES>
<NUMBER> 030
<NAME> S&P 500 PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 92944
<INVESTMENTS-AT-VALUE> 128839
<RECEIVABLES> 423
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 129263
<PAYABLE-FOR-SECURITIES> 427
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 50
<TOTAL-LIABILITIES> 477
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 91982
<SHARES-COMMON-STOCK> 6091
<SHARES-COMMON-PRIOR> 6111
<ACCUMULATED-NII-CURRENT> 1833
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (894)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 35865
<NET-ASSETS> 128786
<DIVIDEND-INCOME> 690
<INTEREST-INCOME> 86
<OTHER-INCOME> 0
<EXPENSES-NET> (183)
<NET-INVESTMENT-INCOME> 593
<REALIZED-GAINS-CURRENT> (706)
<APPREC-INCREASE-CURRENT> (1056)
<NET-CHANGE-FROM-OPS> (1169)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 992
<NUMBER-OF-SHARES-REDEEMED> (1012)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1134)
<ACCUMULATED-NII-PRIOR> 1240
<ACCUMULATED-GAINS-PRIOR> (188)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 123
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 200
<AVERAGE-NET-ASSETS> 123437
<PER-SHARE-NAV-BEGIN> 21.26
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> (0.22)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 21.14
<EXPENSE-RATIO> 0.28<F1>
<FN>
<F1>Would have been 0.29% if certain non-routine expenses had been included.
</FN>
</TABLE>
