<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923202
<NAME> VANGUARD TAX-MANAGED FUNDS
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<NAME> VANGUARD TAX-MANAGED INTERNATIONAL FUND-INVESTOR SHARES
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<CURRENCY> US
<S> <C>
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<FISCAL-YEAR-END> DEC-31-2000
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<PERIOD-END> JUN-30-2000
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<ACCUMULATED-NII-PRIOR> 0
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<EXPENSE-RATIO> 0.35
</TABLE>
