SchwabFunds(R)

                              101 Montgomery Street

                             San Francisco, CA 94104

                                November 19, 2002

VIA EDGAR

Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
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, 2002,
for the Schwab Short-Term Bond Market Fund, Schwab Total Bond Market Fund, the
Schwab California Long-Term Tax-Free Bond Fund, Schwab California
Short/Intermediate Tax-Free Bond Fund, Schwab Long-Term Tax-Free Bond Fund,
Schwab Short/Intermediate Tax-Free Bond Fund and the Schwab YieldPlus Fund(R) do
not differ from those filed in the most recent Post-Effective Amendment No.44,
which was filed electronically.

Sincerely,

s/Steven Schantz
- ----------------------------------------------
Steven Schantz
Vice President and Senior Counsel
Charles Schwab Investment Management, Inc.