<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> 8
   <NAME> S&P 500/BARRA Value Index Fund

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2001
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                      57,815,166
<INVESTMENTS-AT-VALUE>                     59,801,897
<RECEIVABLES>                                  68,942
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                             59,870,839
<PAYABLE-FOR-SECURITIES>                       41,317
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                      14,630
<TOTAL-LIABILITIES>                            55,947
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                   57,453,854
<SHARES-COMMON-STOCK>                         950,000
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                      19,055
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       355,252
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                    1,986,731
<NET-ASSETS>                               59,814,892
<DIVIDEND-INCOME>                             280,666
<INTEREST-INCOME>                                 576
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                 27,872
<NET-INVESTMENT-INCOME>                       253,370
<REALIZED-GAINS-CURRENT>                      355,252
<APPREC-INCREASE-CURRENT>                   1,986,731
<NET-CHANGE-FROM-OPS>                       2,595,353
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                     234,315
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                       950,000
<NUMBER-OF-SHARES-REDEEMED>                         0
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                     59,814,892
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                          27,872
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                27,872
<AVERAGE-NET-ASSETS>                       43,600,217
<PER-SHARE-NAV-BEGIN>                           60.20
<PER-SHARE-NII>                                  0.29
<PER-SHARE-GAIN-APPREC>                          2.74
<PER-SHARE-DIVIDEND>                             0.00
<PER-SHARE-DISTRIBUTIONS>                        0.27
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             62.96
<EXPENSE-RATIO>                                  0.18