Exhibit (o)(5)

                                  LAUDUS TRUST

                                POWER OF ATTORNEY

      I, the undersigned trustee and/or officer of Laudus Trust, a Massachusetts
business trust, (the "Trust"), do hereby constitute and appoint Catherine
MacGregor, Shelley A. Harding Christine Pierangeli, Richard W. Grant, Tim Levin,
and Sean Graber, and each of them singly, my true and lawful attorneys, with
full power to them and each of them, to sign for me and in my name and the
capacity listed below, any and all amendments to the Registration Statement on
Form N1-A of the Trust, and to file the same with all exhibits thereto, and
other documents in connection thereunder, with the Securities and Exchange
Commission, granting unto my said attorneys, and each of them, acting alone,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in the premises, as fully as to all intents
and purposes as he or she might or could do in person, hereby ratifying and
confirming all that said attorneys or any of them may lawfully do or cause to be
done by virtue thereof.


      WITNESS my hand on the date set forth below.


/s/ George Pereira                                         Date:  March 31, 2008
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George Pereira
Chief Financial Officer