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Form NSAR-A VANGUARD TRUSTEES' EQUIT For: Apr 30

June 27, 2016 1:52 PM EDT
      PAGE  1
000 A000000 04/30/2016
000 C000000 0000313850
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 VANGUARD TRUSTEES EQUITY FUNDS
001 B000000 811-2968
001 C000000 6106691000
002 A000000 100 VANGUARD BOULEVARD
002 B000000 MALVERN
002 C000000 PA
002 D010000 19355
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 VANGUARD INTERNATIONAL VALUE FUND
007 C030100 N
007 C010200  2
007 C020200 VANGUARD DIVERSIFIED EQUITY FUND
007 C030200 N
007 C010300  3
007 C020300 VANGUARD EMERGING MARKETS SELECT STOCK FUND
007 C030300 N
007 C010400  4
007 C020400 ALTERNATIVE STRATEGIES FUND
007 C030400 N
008 A000101 LAZARD ASSET MANAGEMENT LLC
008 B000101 A
008 C000101 801-61701
008 D010101 NEW YORK
008 D020101 NY
008 D030101 10112
008 A000102 Edinburgh Partners Limited
008 B000102 A
008 C000102 801-63714
008 D010102 Edinburgh
008 D050102 Scotland
008 D060102 EH2 4DJ
008 A000103 ARGA INVESTMENT MANAGEMENT, LP
008 B000103 A
008 C000103 801-77018
008 D010103 Stamford
008 D020103 CT
      PAGE  2
008 D030103 06901
008 A000201 THE VANGUARD GROUP, INC.
008 B000201 A
008 C000201 801-11953
008 D010201 MALVERN
008 D020201 PA
008 D030201 19355
008 A000301 M&G INVESTMENT MANAGEMENT LIMITED
008 B000301 A
008 C000301 801-21981
008 D010301 LONDON
008 D050301 UK
008 D060301 EC4R0HH
008 A000302 OAKTREE CAPITAL MANAGEMENT, L.P.
008 B000302 A
008 C000302 801-48923
008 D010302 LOS ANGELES
008 D020302 CA
008 D030302 90071
008 A000303 PZENA INVESTMENT MANAGEMENT, LLC
008 B000303 A
008 C000303 801-50838
008 D010303 NEW YORK
008 D020303 NY
008 D030303 10036
008 A000304 WELLINGTON MANAGEMENT COMPANY, LLP
008 B000304 A
008 C000304 801-15908
008 D010304 BOSTON
008 D020304 MA
008 D030304 02109
008 A000401 THE VANGUARD GROUP, INC.
008 B000401 A
008 C000401 801-49601
008 D010401 MALVERN
008 D020401 PA
008 D030401 19355
010 A00AA01 THE VANGUARD GROUP, INC.
010 B00AA01 801-11953
010 C01AA01 MALVERN
010 C02AA01 PA
010 C03AA01 19355
011 A00AA01 VANGUARD MARKETING CORP.
011 B00AA01 8-21570
011 C01AA01 MALVERN
011 C02AA01 PA
011 C03AA01 19355
012 A00AA01 THE VANGUARD GROUP, INC.
012 B00AA01 84-772
012 C01AA01 MALVERN
012 C02AA01 PA
      PAGE  3
012 C03AA01 19355
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
014 A00AA01 VANGUARD MARKETING CORP.
014 B00AA01 8-21570
015 A000101 BROWN BROTHERS HARRIMAN & CO.
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02109
015 E010101 X
015 A000201 BROWN BROTHERS HARRIMAN & CO.
015 B000201 C
015 C010201 BOSTON
015 C020201 MA
015 C030201 02109
015 E010201 X
015 A000301 Bank of New York
015 B000301 C
015 C010301 New York
015 C020301 NY
015 C030301 10286
015 E010301 X
015 A000401 BROWN BROTHERS HARRIMAN & CO.
015 B000401 C
015 C010401 BOSTON
015 C020401 MA
015 C030401 02110
015 E010401 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  198
019 C00AA00 VANGUARDGR
020 A000001 CREDIT SUISSE SECURITIES (USA) LLC
020 B000001 13-5659485
020 C000001    309
020 A000002 HSBC Securities (USA) Inc.
020 B000002 13-2650272
020 C000002    223
020 A000003 Bernstein (Sanford C.) & Co., Inc.
020 B000003 13-2625874
020 C000003    221
020 A000004 J.P. MORGAN SECURITIES INC.
020 B000004 13-3224016
020 C000004    204
020 A000005 MORGAN STANLEY
020 B000005 13-2655998
020 C000005    136
020 A000006 CITIGROUP GLOBAL MARKETS, INC.
      PAGE  4
020 B000006 13-2919773
020 C000006     98
020 A000007 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000007 13-5674085
020 C000007     90
020 A000008 UBS FINANCIAL SERVICES INC.
020 B000008 13-2638166
020 C000008     85
020 A000009 Brockhouse & Cooper Inc.
020 B000009 10-0656933
020 C000009     30
020 A000010 CLSA LIMITED
020 C000010     29
021  000000     1627
022 A000001 VANGUARD MARKET LIQUIDITY FUND
022 B000001 20-0961056
022 C000001   1187302
022 D000001   1113925
022 A000002 BG Group
022 C000002     68501
022 D000002    137916
022 A000003 Mediclinic International
022 C000003     36353
022 D000003     36353
022 A000004 VANGUARD GROWTH & INCOME FUND
022 B000004 23-2426756
022 C000004     17994
022 D000004     26205
022 A000005 VANGUARD US GROWTH FUND
022 B000005 04-6035483
022 C000005     17624
022 D000005     16288
022 A000006 VANGUARD MORGAN GROWTH FUND
022 B000006 51-0108190
022 C000006     16967
022 D000006     16560
022 A000007 VANGUARD WINDSOR II FUND
022 B000007 23-2439132
022 C000007     13447
022 D000007     19773
022 A000008 CREDIT SUISSE SECURITIES (USA) LLC
022 B000008 13-5659485
022 C000008      7280
022 D000008     24937
022 A000009 Royal Dutch Shell
022 C000009     44855
022 D000009         0
022 A000010 Vallourec SA
022 C000010     34147
022 D000010         0
023 C000000    1501666
      PAGE  5
023 D000000    1435119
024  000100 Y
024  000200 N
024  000300 N
024  000400 Y
025 A000101 HSBC Securities (USA) Inc.
025 B000101 13-2650272
025 C000101 E
025 D000101   38949
025 A000102 CREDIT SUISSE SECURITIES (USA) LLC
025 B000102 13-5659485
025 C000102 E
025 D000102   51388
025 A000401 MORGAN STANLEY
025 B000401 13-2655998
025 C000401 E
025 D000401     154
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 Y
026 H000000 N
027  000000 Y
028 A010100     63232
028 A020100         0
028 A030100         0
028 A040100     64385
028 B010100    231469
028 B020100    150128
028 B030100         0
028 B040100    169024
028 C010100    150450
028 C020100         0
028 C030100         0
028 C040100     83968
028 D010100     75490
028 D020100         0
028 D030100         0
028 D040100     85284
028 E010100     64786
028 E020100         0
028 E030100         0
028 E040100    172438
028 F010100    201561
028 F020100         0
028 F030100         0
028 F040100    119105
      PAGE  6
028 G010100    786988
028 G020100    150128
028 G030100         0
028 G040100    694204
028 H000100         0
028 A010200      6425
028 A020200         0
028 A030200         0
028 A040200     19222
028 B010200     11200
028 B020200    116441
028 B030200         0
028 B040200     20901
028 C010200      9437
028 C020200         0
028 C030200         0
028 C040200     25433
028 D010200      5133
028 D020200         0
028 D030200         0
028 D040200     18928
028 E010200      7690
028 E020200         0
028 E030200         0
028 E040200     24593
028 F010200      5983
028 F020200         0
028 F030200         0
028 F040200     27068
028 G010200     45868
028 G020200    116441
028 G030200         0
028 G040200    136145
028 H000200         0
028 A010300      5225
028 A020300         0
028 A030300         0
028 A040300      7612
028 B010300     13837
028 B020300      4158
028 B030300         0
028 B040300     13374
028 C010300     10024
028 C020300         0
028 C030300         0
028 C040300     10155
028 D010300      8037
028 D020300         0
028 D030300         0
028 D040300      9908
028 E010300      7276
      PAGE  7
028 E020300         0
028 E030300         0
028 E040300      4667
028 F010300     14065
028 F020300         0
028 F030300         0
028 F040300      6194
028 G010300     58464
028 G020300      4158
028 G030300         0
028 G040300     51910
028 H000300         0
028 A010400         0
028 A020400         0
028 A030400         0
028 A040400         0
028 B010400         0
028 B020400       746
028 B030400         0
028 B040400         0
028 C010400         0
028 C020400         0
028 C030400         0
028 C040400      8000
028 D010400         0
028 D020400         0
028 D030400         0
028 D040400      4500
028 E010400      9230
028 E020400         0
028 E030400         0
028 E040400         0
028 F010400      2811
028 F020400         0
028 F030400         0
028 F040400         0
028 G010400     12041
028 G020400       746
028 G030400         0
028 G040400     12500
028 H000400         0
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
035  00AA00      0
      PAGE  8
036 B00AA00      0
037  000100 N
037  000200 N
037  000300 N
037  000400 N
038  000100      0
038  000200      0
038  000300      0
038  000400      0
039  000100 Y
039  000200 Y
039  000300 Y
039  000400 Y
040  000100 N
040  000200 N
040  000300 N
040  000400 N
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      0
044  00AA00      0
045  000100 Y
045  000200 N
045  000300 Y
045  000400 N
046  000100 Y
046  000300 Y
047  000100 N
047  000300 N
048  000100  0.000
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
      PAGE  9
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
048  000200  0.000
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
048  000300  0.000
048 A010300        0
048 A020300 0.000
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
      PAGE  10
048 K010300        0
048 K020300 0.000
048  000400  0.000
048 A010400        0
048 A020400 0.000
048 B010400        0
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
049  000100 N
049  000300 N
050  000100 N
050  000300 N
051  000100 Y
051  000300 Y
052  000100 N
052  000300 N
053 A000100 N
053 A000300 N
054 A000100 N
054 B000100 N
054 C000100 N
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 N
054 I000100 N
054 J000100 N
054 K000100 N
054 L000100 N
054 M000100 N
054 N000100 N
054 O000100 N
054 A000300 N
      PAGE  11
054 B000300 N
054 C000300 N
054 D000300 N
054 E000300 N
054 F000300 N
054 G000300 N
054 H000300 N
054 I000300 N
054 J000300 N
054 K000300 N
054 L000300 N
054 M000300 N
054 N000300 N
054 O000300 N
055 A000100 N
055 B000100 N
055 A000200 N
055 B000200 N
055 A000300 N
055 B000300 N
055 A000400 Y
055 B000400 N
056  000100 Y
056  000200 Y
056  000300 Y
056  000400 Y
057  000100 N
057  000200 N
057  000300 N
057  000400 N
058 A000100 N
058 A000200 N
058 A000300 N
058 A000400 N
059  000100 Y
059  000200 Y
059  000300 Y
059  000400 Y
060 A000100 Y
060 B000100 Y
060 A000200 Y
060 B000200 Y
060 A000300 Y
060 B000300 Y
060 A000400 Y
060 B000400 Y
061  000100     3000
061  000200     3000
061  000300     3000
061  000400   250000
062 A00AA00 N
      PAGE  12
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
062 E00AA00   0.0
062 F00AA00   0.0
062 G00AA00   0.0
062 H00AA00   0.0
062 I00AA00   0.0
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   0.0
062 M00AA00   0.0
062 N00AA00   0.0
062 O00AA00   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
063 A00AA00   0
063 B00AA00  0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 N
066 E000200 Y
066 F000200 N
066 G000200 N
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 Y
067  000100 N
067  000200 Y
067  000300 N
067  000400 N
      PAGE  13
068 A000100 N
068 B000100 Y
068 A000200 N
068 B000200 Y
068 A000300 N
068 B000300 Y
068 A000400 N
068 B000400 Y
069  000100 N
069  000200 N
069  000300 N
069  000400 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 Y
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 Y
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 Y
070 Q020100 N
070 R010100 Y
070 R020100 N
070 A010200 Y
070 A020200 N
070 B010200 Y
      PAGE  14
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 Y
070 Q020200 N
070 R010200 Y
070 R020200 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 Y
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
      PAGE  15
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 Y
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 Y
070 Q020300 N
070 R010300 Y
070 R020300 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 Y
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 Y
070 I020400 Y
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 Y
      PAGE  16
070 Q020400 Y
070 R010400 Y
070 R020400 Y
071 A000100    962665
071 B000100    909507
071 C000100   7300196
071 D000100   12
071 A000200    109109
071 B000200     98767
071 C000200   1362832
071 D000200    7
071 A000300     63166
071 B000300     57342
071 C000300    233033
071 D000300   25
071 A000400     70878
071 B000400     49624
071 C000400    117756
071 D000400   42
072 A000100  6
072 B000100      550
072 C000100    97216
072 D000100        0
072 E000100     1504
072 F000100     7769
072 G000100     4368
072 H000100        0
072 I000100     3604
072 J000100      536
072 K000100        0
072 L000100       87
072 M000100        5
072 N000100        0
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100        0
072 S000100        0
072 T000100      548
072 U000100        0
072 V000100        0
072 W000100        0
072 X000100    16917
072 Y000100        0
072 Z000100    82353
072AA000100   130783
072BB000100   259716
072CC010100        0
072CC020100   146703
072DD010100   158648
072DD020100        0
      PAGE  17
072EE000100        0
072 A000200  6
072 B000200        0
072 C000200    10450
072 D000200        0
072 E000200        0
072 F000200        0
072 G000200        0
072 H000200        0
072 I000200        0
072 J000200        0
072 K000200        0
072 L000200        0
072 M000200        0
072 N000200        0
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        0
072 S000200        0
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        0
072 X000200        0
072 Y000200        0
072 Z000200    10450
072AA000200   100216
072BB000200     5657
072CC010200        0
072CC020200   137333
072DD010200    15681
072DD020200        0
072EE000200   106084
072 A000300  6
072 B000300       25
072 C000300     1769
072 D000300        0
072 E000300        3
072 F000300      611
072 G000300       84
072 H000300        0
072 I000300      200
072 J000300      123
072 K000300        0
072 L000300       62
072 M000300        0
072 N000300        0
072 O000300        0
072 P000300        0
072 Q000300        0
      PAGE  18
072 R000300        0
072 S000300        0
072 T000300       19
072 U000300        0
072 V000300        0
072 W000300        0
072 X000300     1099
072 Y000300        0
072 Z000300      698
072AA000300     4545
072BB000300    20993
072CC010300    20496
072CC020300        0
072DD010300     4421
072DD020300        0
072EE000300        0
072 A000400  6
072 B000400       75
072 C000400      942
072 D000400        0
072 E000400        0
072 F000400       76
072 G000400        0
072 H000400        0
072 I000400      154
072 J000400       31
072 K000400        0
072 L000400        0
072 M000400       12
072 N000400        0
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400        3
072 S000400        0
072 T000400       16
072 U000400        0
072 V000400        0
072 W000400      309
072 X000400      601
072 Y000400        0
072 Z000400      416
072AA000400    17850
072BB000400     8637
072CC010400        0
072CC020400     1170
072DD010400      746
072DD020400        0
072EE000400        0
073 A010100   0.6620
073 A020100   0.0000
      PAGE  19
073 B000100   0.0000
073 C000100   0.0000
073 A010200   0.3260
073 A020200   0.0000
073 B000200   2.4490
073 C000200   0.0000
073 A010300   0.2840
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
073 A010400   0.0950
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000100    28559
074 B000100        0
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SIGNATURE   DARYL VANSYCKLE
TITLE       MANAGER
 

Vanguard Emerging Markets Stock Index Fund

Supplement to the Prospectus and Summary Prospectus Dated
February 26, 2015

New Target Index

Effective as of the start of business on November 2, 2015, Vanguard 
Emerging Markets Stock Index Fund has begun tracking the FTSE Emerging 
Markets All Cap China A Transition Index (the "Transition Index"), on 
an interim basis, in the first phase of a two-phased index change as 
previously approved by the Fund?s board of trustees.

The board of trustees has approved the FTSE Emerging Markets All Cap 
China A Inclusion Index as the new target index for the Fund, replacing 
the FTSE Emerging Index. The board believes that the new index will 
result in a more comprehensive representation of the Fund's market 
segment due to the addition of smallcapitalization equity securities 
and China A-shares to its portfolio.

The Fund is expected to begin tracking the FTSE Emerging Markets All 
Cap China A Inclusion Index over the next 12 months, and the current 
change to the Transition Index is the first of two phases. This approach 
is intended to enable the Fund's advisor, The Vanguard Group, Inc., to 
make the necessary adjustments to portfolio holdings in a manner that 
minimizes impact to Fund shareholders. In this first phase, the Fund has 
ceased tracking its former target index and has begun temporarily 
tracking the Transition Index, an interim index that will gradually
increase exposure to small-capitalization stocks and China A-shares while
proportionately reducing exposure to other stocks based on their 
weightings in the new target index. In the second phase, the Fund will 
begin tracking the FTSE Emerging Markets All Cap China A Inclusion Index, 
which will be quota-adjusted by FTSE to take into account the quota 
amount allocated to foreign investors by the Chinese regulator. During 
both this transition phase and the final benchmark phase, the Fund will 
invest by sampling the index, meaning that it will hold a broadly 
diversified collection of securities that, in the aggregate, approximates
the full index in terms of key characteristics.

Prospectus and Summary Prospectus Text Changes

The paragraph under "Principal Investment Strategies" for the Emerging
Markets Stock Index Fund is replaced with the following:

The Fund employs an indexing investment approach designed to track the
performance of the FTSE Emerging Markets All Cap China A Transition Index, 
an interim index that will gradually increase exposure to 
small-capitalization stocks and China A-shares while proportionately 
reducing exposure to other stocks based on their weightings in the FTSE 
Emerging Markets All Cap China A Inclusion Index. The FTSE Emerging Markets 
All Cap China A Inclusion Index is a market-capitalization-weighted index 
that is made up of approximately 3,500 common stocks of large-, mid-, and 
small-cap companies located in emerging markets around the world. The Fund 
invests by sampling the Index, meaning that it holds a broadly diversified 
collection of securities that, in the aggregate, approximates the interim 
index in terms of key characteristics. These key characteristics include 
industry weightings and market capitalization, as well as certain financial 
measures, such as price/earnings ratio and dividend yield.

The following text is added under the "Principal Risks" section:

- China A-shares risk, which is the chance that the Fund may not be able to
access a sufficient amount of China A-shares to track its target index. China
A-shares are only available to foreign investors through a quota license or 
the Shanghai-Hong Kong Stock Connect program.

The following replaces similar text under the "Principal Risks" section:

- Index sampling risk, which is the chance that the securities selected for 
the Fund, in the aggregate, will not provide investment performance matching
that of the Fund's target index.

Prospectus Text Changes

The following paragraph replaces similar text in the More on the Funds 
section under the heading "Market Exposure":

Keep in mind that the MSCI EAFE Index tracks mainly large- and mid-cap 
stocks. Historically, small-cap stocks (such as those held by the Funds) 
have been more volatile than-and at times have performed quite differently 
from-the large and mid-cap stocks of the MSCI EAFE Index.

Also under the heading "Market Exposure," the following is added after the
emerging markets risk flag:

The Emerging Markets Stock Index Fund is subject to China A-shares risk,
which is the chance that the Fund may not be able to access a sufficient
amount of China A-shares to track its target index. China A-shares are only
available to foreign investors through a quota license or through the
Shanghai-Hong Kong Stock Connect program.

China A-shares (A-shares) are shares of mainland Chinese companies that are
traded locally on the Shanghai and Shenzhen stock exchanges. In order for
foreign investors to purchase A-shares, a Qualified Foreign Institutional 
Investor (QFII) or Renminbi QFII (RQFII) license and quota are required. The 
quota available to the Emerging Markets Stock Index Fund through a Vanguard 
entity with an RQFII or QFII license may be limited by a Chinese regulator 
or the quota use of other Vanguard funds. A-shares are also available to 
foreign investors through the Shanghai-Hong Kong Stock Connect program 
(Stock Connect), subject to separate quota limitations. It is possible that 
the A-shares quota available to the Fund as a foreign investor may not be 
sufficient to meet the Fund's investment needs. In this situation, the Fund 
may underweight A-shares relative to the index or seek an alternative method 
of economic exposure, such as by purchasing other classes of securities or 
depositary receipts, or by utilizing derivatives. These options could 
increase the Fund's index sampling risk or investment cost. Additionally, 
investing in A-shares generally increases emerging markets risk due in part 
to government and issuer market controls and the developing settlement and 
legal systems.

The following replaces similar text in the More on the Funds section under 
the heading "Security Selection":

Each Fund attempts to track the investment performance of a benchmark index
that measures the return of a particular market segment. Vanguard European
Stock Index Fund and Vanguard Pacific Stock Index Fund use the replication
method of indexing, meaning that each Fund generally holds the same stocks 
as its target index and in approximately the same proportions. Vanguard 
Emerging Markets Stock Index Fund uses the sampling method of indexing, 
meaning that the Fund's advisor, using computer programs, selects from the 
target index a representative sample of securities that will resemble the 
target index in terms of key risk factors and other characteristics. These 
include industry weightings, market capitalization, and other financial 
characteristics of stocks.

Emerging Markets Stock Index Fund. The Fund invests in the common stocks
included in the FTSE Emerging Markets All Cap China A Transition Index, 
an interim index that will gradually increase exposure to 
small-capitalization stocks and China A-shares while proportionately 
reducing exposure to other stocks based on their weightings in the FTSE 
Emerging Markets All Cap China A Inclusion Index. The FTSE Emerging Markets 
All Cap China A Inclusion Index is a market-capitalizationweighted
index that is made up of approximately 3,500 common stocks of large-,
mid-, and small-cap companies located in emerging markets around the world 
and is part of the FTSE China A Inclusion indexes, which contain FTSE China 
A All Cap Index securities adjusted for the aggregate approved RQFII and 
QFII quotas available to foreign investors. The Fund invests by sampling 
the interim index, meaning that it holds a broadly diversified collection 
of securities that, in the aggregate, approximates the interim index in 
terms of key characteristics. These key characteristics include industry 
weightings and market capitalization, as well as certain financial measures, 
such as price/earnings ratio and dividend yield.

The following is added to the end of the second paragraph under "Other
Investment Policies and Risks":

The Emerging Markets Stock Index Fund may use derivatives as an alternative
method of economic exposure to China A-shares.

London Stock Exchange Group companies includes FTSE International Limited 
("FTSE"), Frank Russell Company ("Russell"), MTS Next Limited ("MTS"), and 
FTSE TMX Global Debt Capital Markets Inc ("FTSE TMX"). All rights
reserved. "FTSE(R)", "Russell(R)", "MTS(R)", "FTSE TMX(R)" and "FTSE Russell" 
and other service marks and trademarks related to the FTSE or Russell indexes 
are trademarks of the London Stock Exchange Group companies and are used
by FTSE, MTS, FTSE TMX and Russell under licence.

All information is provided for information purposes only. Every effort is 
made to ensure that all information given in this publication is accurate, 
but no responsibility or liability can be accepted by the London Stock 
Exchange Group companies nor its licensors for any errors or for any loss 
from use of this publication. Neither the London Stock Exchange Group 
companies nor any of their licensors make any claim, prediction, warranty 
or representation whatsoever, expressly or impliedly, either as to the 
results to be obtained from the use of the FTSE Emerging Markets
All Cap China A Transition Index or the fitness or suitability of the Index 
for any particular purpose to which it might be put. The London Stock 
Exchange Group companies do not provide investment advice and nothing in 
this document should be taken as constituting financial or investment 
advice. The London Stock Exchange Group companies make no representation 
regarding the advisability of investing in any asset. A decision to invest 
in any such asset should not be made in reliance on any information herein. 
Indexes cannot be invested in directly. Inclusion of an asset in an
index is not a recommendation to buy, sell or hold that asset. The general 
information contained in this publication should not be acted upon without 
obtaining specific legal, tax, and investment advice from a licensed 
professional. No part of this information may be reproduced, stored in a 
retrieval system or transmitted in any form or by any means, electronic, 
mechanical, photocopying, recording or otherwise, without prior written 
permission of the London Stock Exchange Group companies. Distribution of 
the London Stock Exchange Group companies? index values and the use of 
their indexes to create financial products require a licence with FTSE, 
FTSE TMX, MTS and/or Russell and/or its licensors.

(C) 2015 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor. PS 533A 112015



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