Schwab Funds^®
211 Main Street
San Francisco, CA 94105

November 17, 2009

VIA EDGAR

Securities and Exchange Commission
100 F Street, NE
Washington, D.C. 20549

Re:  Schwab Investments
File Nos. 33-37459 and 811-6200

Dear Sir or Madam:

Pursuant to Rule 497(j) under the Securities Act of 1933, as amended, the prospectuses and Statements of Additional Information, dated November 15, 2009, for the above-named Trust do not differ from those filed in the most recent Post-Effective Amendment No. 81, which was filed electronically.

Sincerely,
 

/s/ Christine Pierangeli  

Christine Pierangeli 

Corporate Counsel
Charles Schwab Investment Management, Inc.