<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> 9
   <NAME>S&P SmallCap 600 Index Fund

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2001
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                      69,436,749
<INVESTMENTS-AT-VALUE>                     72,747,253
<RECEIVABLES>                                 140,586
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                             72,887,839
<PAYABLE-FOR-SECURITIES>                       93,693
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                   2,160,518
<TOTAL-LIABILITIES>                         2,254,211
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                   66,410,758
<SHARES-COMMON-STOCK>                         650,000
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                      10,817
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       901,549
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                    3,310,504
<NET-ASSETS>                               70,633,628
<DIVIDEND-INCOME>                             112,776
<INTEREST-INCOME>                               2,961
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                 32,470
<NET-INVESTMENT-INCOME>                        83,267
<REALIZED-GAINS-CURRENT>                      901,549
<APPREC-INCREASE-CURRENT>                   3,310,504
<NET-CHANGE-FROM-OPS>                       4,295,320
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                      72,450
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                       650,000
<NUMBER-OF-SHARES-REDEEMED>                         0
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                     70,633,628
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                          32,470
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                32,470
<AVERAGE-NET-ASSETS>                       45,774,311
<PER-SHARE-NAV-BEGIN>                           97.95
<PER-SHARE-NII>                                  0.14
<PER-SHARE-GAIN-APPREC>                         10.71
<PER-SHARE-DIVIDEND>                             0.00
<PER-SHARE-DISTRIBUTIONS>                        0.13
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                            108.67
<EXPENSE-RATIO>                                  0.20