<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> 11
   <NAME> S&P SmallCap 600/BARRA Value Index Fund

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2001
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                      13,587,416
<INVESTMENTS-AT-VALUE>                     14,413,606
<RECEIVABLES>                                  47,129
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                             14,460,735
<PAYABLE-FOR-SECURITIES>                       36,657
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                       5,847
<TOTAL-LIABILITIES>                            42,504
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                   13,588,572
<SHARES-COMMON-STOCK>                         200,000
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                       3,728
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                          (259)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                      826,190
<NET-ASSETS>                               14,418,231
<DIVIDEND-INCOME>                              33,219
<INTEREST-INCOME>                                 107
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                  6,334
<NET-INVESTMENT-INCOME>                        26,992
<REALIZED-GAINS-CURRENT>                         (259)
<APPREC-INCREASE-CURRENT>                     826,190
<NET-CHANGE-FROM-OPS>                         852,923
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                      23,264
<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>                     14,418,231
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                           6,334
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                 6,334
<AVERAGE-NET-ASSETS>                       13,812,294
<PER-SHARE-NAV-BEGIN>                           68.34
<PER-SHARE-NII>                                  0.13
<PER-SHARE-GAIN-APPREC>                          3.74
<PER-SHARE-DIVIDEND>                             0.00
<PER-SHARE-DISTRIBUTIONS>                        0.12
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             72.09
<EXPENSE-RATIO>                                  0.25