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

December 20, 2011

VIA EDGAR

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

Re: Schwab Investments (the “Trust”)
(File Nos. 033-37459 and 811-06200)

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 December 15, 2011, for the Trust do not differ from those filed in the most recent Post-Effective Amendment No. 96, which was filed electronically on December 14, 2011.

Sincerely,

 

/s/ Christine Pierangeli  

Christine Pierangeli 

Corporate Counsel
Charles Schwab Investment Management, Inc.