<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> 3
   <NAME> S&P MidCap 400 Index Fund

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2001
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                     256,981,050
<INVESTMENTS-AT-VALUE>                    267,188,413
<RECEIVABLES>                                 634,451
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                            267,822,864
<PAYABLE-FOR-SECURITIES>                      443,858
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                  13,989,998
<TOTAL-LIABILITIES>                        14,433,856
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                  223,569,555
<SHARES-COMMON-STOCK>                       2,350,000
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                      26,373
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                    19,585,717
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                   10,207,363
<NET-ASSETS>                              253,389,008
<DIVIDEND-INCOME>                             772,151
<INTEREST-INCOME>                               8,527
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                138,960
<NET-INVESTMENT-INCOME>                       641,718
<REALIZED-GAINS-CURRENT>                   19,585,717
<APPREC-INCREASE-CURRENT>                  10,207,363
<NET-CHANGE-FROM-OPS>                      30,434,798
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                     615,345
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                     3,200,000
<NUMBER-OF-SHARES-REDEEMED>                  (850,000)
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                    253,389,008
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                         138,960
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                               138,960
<AVERAGE-NET-ASSETS>                      195,523,955
<PER-SHARE-NAV-BEGIN>                           92.63
<PER-SHARE-NII>                                  0.28
<PER-SHARE-GAIN-APPREC>                         15.19
<PER-SHARE-DIVIDEND>                             0.00
<PER-SHARE-DISTRIBUTIONS>                        0.27
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                            107.83
<EXPENSE-RATIO>                                  0.20