<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> 5
   <NAME> S&P MidCap 400/Barra Value Index Fund

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2001
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                      18,152,159
<INVESTMENTS-AT-VALUE>                     19,611,664
<RECEIVABLES>                                  54,205
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                             19,665,869
<PAYABLE-FOR-SECURITIES>                       25,467
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                       7,936
<TOTAL-LIABILITIES>                            33,403
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                   18,051,201
<SHARES-COMMON-STOCK>                         250,000
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                       4,089
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       117,671
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                    1,459,505
<NET-ASSETS>                               19,632,466
<DIVIDEND-INCOME>                              76,446
<INTEREST-INCOME>                                 120
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                  8,457
<NET-INVESTMENT-INCOME>                        68,109
<REALIZED-GAINS-CURRENT>                      117,671
<APPREC-INCREASE-CURRENT>                   1,459,505
<NET-CHANGE-FROM-OPS>                       1,645,285
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                      64,020
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                       250,000
<NUMBER-OF-SHARES-REDEEMED>                         0
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                     19,632,466
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                           8,457
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                 8,457
<AVERAGE-NET-ASSETS>                       18,445,971
<PER-SHARE-NAV-BEGIN>                           72.40
<PER-SHARE-NII>                                  0.28
<PER-SHARE-GAIN-APPREC>                          6.11
<PER-SHARE-DIVIDEND>                             0.00
<PER-SHARE-DISTRIBUTIONS>                        0.26
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             78.53
<EXPENSE-RATIO>                                  0.25