UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM N-PX

          ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
                               INVESTMENT COMPANY

                  Investment Company Act file number: 811-07840


                              SCHRODER SERIES TRUST
               (Exact name of registrant as specified in charter)

             875 Third Avenue, 22nd Floor, New York, New York 10022
                     (Address of Principal Executive Office)

                              Schroder Series Trust
                                  P.O. Box 8507
                                Boston, MA 02266
                     (Name and Address of Agent for Service)

       Registrant's telephone number, including area code: 1-800-464-3108

                       Date of fiscal year end: October 31

          Date of reporting period: July 1, 2004 through June 30, 2005





ITEM 1.  PROXY VOTING RECORD

=================== SCHRODER SMALL CAPITALIZATION VALUE FUND ===================


1-800-FLOWERS.COM INC.

Ticker:       FLWS           Security ID:  68243Q106
Meeting Date: DEC 10, 2004   Meeting Type: Annual
Record Date:  OCT 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John J. Conefry, Jr.      For       For        Management
1.2   Elect  Director Leonard J. Elmore         For       For        Management
1.3   Elect  Director Mary Lou Quinlan          For       Withhold   Management
2     Ratify Auditors                           For       For        Management


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ACXIOM CORP.

Ticker:       ACXM           Security ID:  005125109
Meeting Date: AUG 4, 2004    Meeting Type: Annual
Record Date:  JUN 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dr. Mary L. Good          For       For        Management
1.2   Elect  Director Roger S. Kline            For       Withhold   Management
1.3   Elect  Director Stephen M. Patterson      For       For        Management
1.4   Elect  Director James T. Womble           For       Withhold   Management
2     Amend Stock Option Plan                   For       For        Management


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AEROFLEX, INC.

Ticker:       ARXX           Security ID:  007768104
Meeting Date: NOV 10, 2004   Meeting Type: Annual
Record Date:  OCT 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Paul Abecassis            For       For        Management
1.2   Elect  Director Leonard Borow             For       For        Management
1.3   Elect  Director Milton Brenner            For       For        Management
1.4   Elect  Director Eric Edelstein            For       For        Management


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AIRGAS, INC.

Ticker:       ARG            Security ID:  009363102
Meeting Date: AUG 4, 2004    Meeting Type: Annual
Record Date:  JUN 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director W. Thacher Brown          For       For        Management
1.2   Elect  Director Peter Mccausland          For       For        Management
1.3   Elect  Director Richard C. Ill            For       For        Management
2     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan
3     Ratify Auditors                           For       For        Management


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CENTERPLATE INC

Ticker:       CVP            Security ID:  92873P204
Meeting Date: OCT 13, 2004   Meeting Type: Special
Record Date:  AUG 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Declassify the Board of Directors         For       For        Management
2     Authorize Board to Fill Vacancies         For       For        Management
3.1   Elect  Director Sue Ling Gin              For       For        Management
3.2   Elect  Director Alfred Poe                For       For        Management
3.3   Elect  Director Glenn R. Zander           For       For        Management
4     Change Company Name                       For       For        Management
5     Approve Executive Incentive Bonus Plan    For       For        Management


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CONSECO, INC.

Ticker:       CNO            Security ID:  208464883
Meeting Date: AUG 24, 2004   Meeting Type: Annual
Record Date:  JUL 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Debra J. Perry            For       For        Management
1.2   Elect  Director Philip R. Roberts         For       For        Management
1.3   Elect  Director William J. Shea           For       For        Management
1.4   Elect  Director Michael T. Tokarz         For       For        Management
2     Ratify Auditors                           For       For        Management


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DRS TECHNOLOGIES, INC.

Ticker:       DRS            Security ID:  23330X100
Meeting Date: AUG 5, 2004    Meeting Type: Annual
Record Date:  JUN 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director William F. Heitmann       For       For        Management
1.2   Elect  Director C. Shelton James          For       For        Management
1.3   Elect  Director RADM Stuart F. Platt, USN For       Withhold   Management
      (Ret.)
1.4   Elect  Director Eric J. Rosen             For       Withhold   Management
2     Ratify Auditors                           For       For        Management


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EXAR CORPORATION

Ticker:       EXAR           Security ID:  300645108
Meeting Date: SEP 9, 2004    Meeting Type: Annual
Record Date:  JUL 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Donald L. Ciffone, Jr.    For       For        Management
1.2   Elect  Director Ronald W. Guire           For       For        Management
2     Amend Stock Option Plan                   For       For        Management


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FIRST NIAGARA FINANCIAL GROUP, INC.

Ticker:       FNFG           Security ID:  33582V108
Meeting Date: SEP 28, 2004   Meeting Type: Special
Record Date:  AUG 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Other Business                            For       Against    Management


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IMMUCOR, INC.

Ticker:       BLUD           Security ID:  452526106
Meeting Date: NOV 10, 2004   Meeting Type: Annual
Record Date:  SEP 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Edward L. Gallup          For       For        Management
1.2   Elect  Director Dr. Gioacchino De Chirico For       For        Management
1.3   Elect  Director Ralph A. Eatz             For       For        Management
1.4   Elect  Director Roswell S. Bowers         For       For        Management
1.5   Elect  Director John A. Harris            For       For        Management
1.6   Elect  Director Dr. Mark Kishel           For       For        Management
1.7   Elect  Director Joseph E. Rosen           For       For        Management
2     Amend Stock Option Plan                   For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Other Business                            For       Against    Management


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INTEGRATED DEVICE TECHNOLOGY, INC.

Ticker:       IDTI           Security ID:  458118106
Meeting Date: SEP 16, 2004   Meeting Type: Annual
Record Date:  JUL 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John Bolger                For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


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KENNAMETAL, INC.

Ticker:       KMT            Security ID:  489170100
Meeting Date: OCT 26, 2004   Meeting Type: Annual
Record Date:  SEP 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director A. Peter Held             For       For        Management
1.2   Elect  Director Larry D. Yost             For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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LECROY CORP.

Ticker:       LCRY           Security ID:  52324W109
Meeting Date: OCT 27, 2004   Meeting Type: Annual
Record Date:  SEP 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert E. Anderson        For       For        Management
1.2   Elect  Director Walter O. LeCroy, Jr.     For       For        Management
1.3   Elect  Director Thomas H. Reslewic        For       For        Management


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MEDICIS PHARMACEUTICAL CORP.

Ticker:       MRX            Security ID:  584690309
Meeting Date: NOV 17, 2004   Meeting Type: Annual
Record Date:  OCT 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jonah Shacknai             For       For        Management
1.2   Elect Director Michael A. Pietrangelo     For       For        Management
1.3   Elect Director Lottie H. Shackelford      For       For        Management
2     Approve Stock Option Plan                 For       For        Management
3     Ratify Auditors                           For       For        Management


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METHODE ELECTRONICS, INC.

Ticker:       METH           Security ID:  591520200
Meeting Date: SEP 14, 2004   Meeting Type: Annual
Record Date:  JUL 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Warren L. Batts           For       For        Management
1.2   Elect  Director J. Edward Colgate         For       For        Management
1.3   Elect  Director Darren M. Dawson          For       For        Management
1.4   Elect  Director Donald W. Duda            For       For        Management
1.5   Elect  Director Isabelle C. Goossen       For       For        Management
1.6   Elect  Director Christopher J. Hornung    For       For        Management
1.7   Elect  Director Paul G. Shelton           For       For        Management
1.8   Elect  Director Lawrence B. Skatoff       For       For        Management
1.9   Elect  Director George S. Spindler        For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management


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PERRIGO CO.

Ticker:       PRGO           Security ID:  714290103
Meeting Date: OCT 29, 2004   Meeting Type: Annual
Record Date:  SEP 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Laurie Brlas              For       For        Management
1.2   Elect  Director Larry D. Fredricks        For       For        Management
1.3   Elect  Director Michael J. Jandernoa      For       For        Management
2     Approve Increase in Size of Board         For       For        Management


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REGIS CORP.

Ticker:       RGS            Security ID:  758932107
Meeting Date: OCT 28, 2004   Meeting Type: Annual
Record Date:  SEP 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Rolf F. Bjelland          For       For        Management
1.2   Elect  Director Paul D. Finkelstein       For       For        Management
1.3   Elect  Director Thomas L. Gregory         For       For        Management
1.4   Elect  Director Van Zandt Hawn            For       For        Management
1.5   Elect  Director Susan Hoyt                For       For        Management
1.6   Elect  Director David B. Kunin            For       For        Management
1.7   Elect  Director Myron Kunin               For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Approve Executive Incentive Bonus Plan    For       For        Management
5     Other Business                            For       Against    Management


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SCIENTIFIC GAMES CORPORATION

Ticker:       SGMS           Security ID:  80874P109
Meeting Date: SEP 28, 2004   Meeting Type: Annual
Record Date:  SEP 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director A. Lorne Weil             For       For        Management
1.2   Elect  Director Peter A. Cohen            For       For        Management
1.3   Elect  Director Colin J. O'Brien          For       For        Management
1.4   Elect  Director Ronald O. Perelman        For       For        Management
1.5   Elect  Director Howard Gittis             For       For        Management
1.6   Elect  Director Barry F. Schwartz         For       For        Management
1.7   Elect  Director Eric M. Turner            For       For        Management
1.8   Elect  Director Sir Brian G. Wolfson      For       For        Management
1.9   Elect  Director Joseph R. Wright, Jr.     For       For        Management
2     Ratify Auditors                           For       For        Management


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SEI DAILY INCOME TRUST

Ticker:       TCPGX          Security ID:  783965205
Meeting Date: OCT 27, 2004   Meeting Type: Special
Record Date:  AUG 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Rosemarie B. Greco         For       Did Not    Management
                                                          Vote
1.2   Elect Director Nina Lesavoy               For       Did Not    Management
                                                          Vote
1.3   Elect Director James M. Williams          For       Did Not    Management
                                                          Vote


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SOLA INTERNATIONAL INC.

Ticker:       SOL            Security ID:  834092108
Meeting Date: JUL 21, 2004   Meeting Type: Annual
Record Date:  JUN 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jeremy C. Bishop           For       Did Not    Management
                                                          Vote
1.2   Elect Director Maurice J. Cunniffe        For       Did Not    Management
                                                          Vote
1.3   Elect Director Charles F. Smith           For       Did Not    Management
                                                          Vote
1.4   Elect Director Columbe M. Nicholas        For       Did Not    Management
                                                          Vote
1.5   Elect Director Robert A. Muh              For       Did Not    Management
                                                          Vote
1.6   Elect Director Jackson L. Schultz         For       Did Not    Management
                                                          Vote


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UNIVERSAL COMPRESSION HOLDINGS, INC.

Ticker:       UCO            Security ID:  913431102
Meeting Date: JUL 23, 2004   Meeting Type: Annual
Record Date:  JUN 14, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Thomas C. Case            For       For        Management
1.2   Elect  Director Janet F. Clark            For       For        Management
1.3   Elect  Director Uriel E. Dutton           For       For        Management
2     Amend Stock Option Plan                   For       For        Management
3     Amend Restricted Stock Plan               For       For        Management
4     Ratify Auditors                           For       For        Management


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WORLD WRESTLING ENTERTAINMENT, INC.

Ticker:       WWE            Security ID:  98156Q108
Meeting Date: SEP 23, 2004   Meeting Type: Annual
Record Date:  JUL 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Vincent K. McMahon        For       Withhold   Management
1.2   Elect  Director Linda E. McMahon          For       Withhold   Management
1.3   Elect  Director Robert A. Bowman          For       For        Management
1.4   Elect  Director David Kenin               For       For        Management
1.5   Elect  Director Joseph Perkins            For       Withhold   Management
1.6   Elect  Director Michael B. Solomon        For       For        Management
1.7   Elect  Director Lowell P. Weicker, Jr.    For       For        Management
1.8   Elect  Director Philip B. Livingston      For       Withhold   Management
2     Approve Option Exchange Program           For       Against    Management
3     Ratify Auditors                           For       For        Management

========== END NPX REPORT

NOTICE

A copy of the Agreement and Declaration of Trust of Schroder Series Trust is on
file with the Secretary of State of The Commonwealth of Massachusetts, and
notice is hereby given that this instrument is executed on behalf of the
Registrant by an officer of the Registrant as an officer and not individually
and that the obligations of or arising out of this instrument are not binding
upon any of the Trustees, officers, or shareholders individually but are binding
only upon the assets and property of the Registrant.



SIGNATURES

     Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


(Registrant):                       Schroder Series Trust


By (Signature and Title)*:          /s/ Mark A. Hemenetz
                                    --------------------
                                    Name: Mark A. Hemenetz
                                    Title: Principal Executive Officer


Date: June 29, 2006


* Print the name and title of each signing officer under his or her signature.