<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from iShares Trust
financial statements at September 30, 2000
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 2
   <NAME> S&P Europe 350 Index Fund

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2001
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                      15,712,066
<INVESTMENTS-AT-VALUE>                     14,633,490
<RECEIVABLES>                                  28,943
<ASSETS-OTHER>                                 20,335
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                             14,682,768
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                      15,019
<TOTAL-LIABILITIES>                            15,019
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                   15,747,904
<SHARES-COMMON-STOCK>                         200,000
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                        (241)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                        (1,624)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                   (1,078,290)
<NET-ASSETS>                               14,667,749
<DIVIDEND-INCOME>                              50,635
<INTEREST-INCOME>                                 416
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                 16,172
<NET-INVESTMENT-INCOME>                        34,879
<REALIZED-GAINS-CURRENT>                       (1,624)
<APPREC-INCREASE-CURRENT>                  (1,078,290)
<NET-CHANGE-FROM-OPS>                      (1,045,035)
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                      35,120
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                       200,000
<NUMBER-OF-SHARES-REDEEMED>                         0
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                     14,667,749
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                          16,172
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                16,172
<AVERAGE-NET-ASSETS>                       14,902,226
<PER-SHARE-NAV-BEGIN>                           79.32
<PER-SHARE-NII>                                  0.18
<PER-SHARE-GAIN-APPREC>                         (5.98)
<PER-SHARE-DIVIDEND>                             0.00
<PER-SHARE-DISTRIBUTIONS>                        0.18
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             73.34
<EXPENSE-RATIO>                                  0.60