Exhibit (a.4)

ISHARES, INC.

ARTICLES SUPPLEMENTARY

iShares, Inc., a Maryland corporation registered as an open-end management investment company under the Investment Company Act of 1940 (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland (the “SDAT”) that:

FIRST: Under a power contained in Article FIFTH of the charter (the “Charter”) of the Corporation, and pursuant to Sections 2-105(c), 2-208 and 2-208.1 of the Maryland General Corporation Law, the Board of Directors of the Corporation, by resolutions duly adopted at a meeting duly called and held, increased the aggregate number of shares of stock of the Corporation from 13,450,000,000 shares of Common Stock, par value $.001 per share (“Common Stock”), to 14,450,000,000 shares of Common Stock and classified and designated such additional 1,000,000,000 authorized but unissued shares of Common Stock as follows:

1. 500,000,000 of the additional authorized but unissued shares of Common Stock are classified and designated as shares of iShares MSCI Japan Small Cap Index Fund, with the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications and terms and conditions of redemption of shares of a series of Common Stock as set forth in the Charter.

2. 500,000,000 of the additional authorized but unissued shares of Common Stock are classified and designated as shares of iShares MSCI Emerging Markets Small Cap Index Fund, with the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications and terms and conditions of redemption of a series of Common Stock as set forth in the Charter.

SECOND: Immediately before these Articles Supplementary were accepted for record by the SDAT, the total number of number of authorized shares of Common Stock was 13,450,000,000, with an aggregate par value of $13,450,000, of which 150,575,000 were shares without further classification or designation and 13,299,425,000 were classified and designated as follows:

Series	Number of Shares
iShares MSCI All Country Far East Ex Japan Index Fund	500,000,000
iShares MSCI All Country World Index Fund	500,000,000
iShares MSCI Australia Index Fund	127,800,000
iShares MSCI Austria Index Fund	19,800,000
iShares MSCI Belgium Index Fund	136,200,000
iShares MSCI Brazil Index Fund	500,000,000
iShares MSCI BRIC Index Fund	500,000,000
iShares MSCI Canada Index Fund	340,200,000

iShares MSCI Chile Index Fund	200,000,000
iShares MSCI Emerging Markets Index Fund	500,000,000
iShares MSCI Emerging Markets Latin America Index Fund	500,000,000
iShares MSCI EMU Index Fund	500,000,000
iShares MSCI Europe Index Fund	500,000,000
iShares MSCI France Index Fund	340,200,000
iShares MSCI Germany Index Fund	382,200,000
iShares MSCI Greece Index Fund	200,000,000
iShares MSCI Hong Kong Index Fund	191,400,000
iShares MSCI Indonesia Index Fund	200,000,000
iShares MSCI Israel Index Fund	500,000,000
iShares MSCI Italy Index Fund	63,600,000
iShares MSCI Japan Index Fund	2,124,600,000
iShares MSCI Malaysia Index Fund	127,800,000
iShares MSCI Mexico Index Fund	255,000,000
iShares MSCI Netherlands Index Fund	255,000,000
iShares MSCI Pacific Ex Japan Index Fund	500,000,000
iShares MSCI Portugal Index Fund	200,000,000
iShares MSCI Singapore Index Fund	191,400,000
iShares MSCI South Africa Index Fund	200,000,000
iShares MSCI South Korea Index Fund	200,000,000
iShares MSCI Spain Index Fund	127,800,000
iShares MSCI Sweden Index Fund	63,600,000
iShares MSCI Switzerland Index Fund	318,625,000
iShares MSCI Taiwan Index Fund	200,000,000
iShares MSCI Thailand Index Fund	200,000,000
iShares MSCI Turkey Index Fund	200,000,000
iShares MSCI United Kingdom Index Fund	934,200,000
iShares MSCI USA Index Fund	500,000,000

THIRD: Immediately after these Articles Supplementary are accepted for record by the SDAT, the total number of number of authorized shares of Common Stock is 14,450,000,000, with an aggregate par value of $14,450,000, of which 150,575,000 are shares without further classification or designation and 14,299,425,000 are classified and designated as follows:

Series	Number of Shares
iShares MSCI All Country Far East Ex Japan Index Fund	500,000,000
iShares MSCI All Country World Index Fund	500,000,000
iShares MSCI Australia Index Fund	127,800,000
iShares MSCI Austria Index Fund	19,800,000
iShares MSCI Belgium Index Fund	136,200,000
iShares MSCI Brazil Index Fund	500,000,000
iShares MSCI BRIC Index Fund	500,000,000
iShares MSCI Canada Index Fund	340,200,000
iShares MSCI Chile Index Fund	200,000,000
iShares MSCI Emerging Markets Index Fund	500,000,000

2

iShares MSCI Emerging Markets Latin America Index Fund	500,000,000
iShares MSCI Emerging Markets Small Cap Index Fund	500,000,000
iShares MSCI EMU Index Fund	500,000,000
iShares MSCI Europe Index Fund	500,000,000
iShares MSCI France Index Fund	340,200,000
iShares MSCI Germany Index Fund	382,200,000
iShares MSCI Greece Index Fund	200,000,000
iShares MSCI Hong Kong Index Fund	191,400,000
iShares MSCI Indonesia Index Fund	200,000,000
iShares MSCI Israel Index Fund	500,000,000
iShares MSCI Italy Index Fund	63,600,000
iShares MSCI Japan Index Fund	2,124,600,000
iShares MSCI Japan Small Cap Index Fund	500,000,000
iShares MSCI Malaysia Index Fund	127,800,000
iShares MSCI Mexico Index Fund	255,000,000
iShares MSCI Netherlands Index Fund	255,000,000
iShares MSCI Pacific Ex Japan Index Fund	500,000,000
iShares MSCI Portugal Index Fund	200,000,000
iShares MSCI Singapore Index Fund	191,400,000
iShares MSCI South Africa Index Fund	200,000,000
iShares MSCI South Korea Index Fund	200,000,000
iShares MSCI Spain Index Fund	127,800,000
iShares MSCI Sweden Index Fund	63,600,000
iShares MSCI Switzerland Index Fund	318,625,000
iShares MSCI Taiwan Index Fund	200,000,000
iShares MSCI Thailand Index Fund	200,000,000
iShares MSCI Turkey Index Fund	200,000,000
iShares MSCI United Kingdom Index Fund	934,200,000
iShares MSCI USA Index Fund	500,000,000

FOURTH: The undersigned President acknowledges these Articles Supplementary to be the corporate act of the Corporation and, as to all matters or facts required to be verified under oath, the undersigned President acknowledges that, to the best of his knowledge, information and belief, these matters and facts are true in all material respects and that this statement is made under the penalties for perjury.

[SIGNATURE PAGE FOLLOWS]

3

IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary to be signed in its name and on its behalf by its President and attested to by its Secretary on this 30th day of June, 2007.

ATTEST:	ISHARES, INC.
	By:		(SEAL)
Michael A. Latham Secretary		Lee T. Kranefuss President

4