<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> 12
   <NAME> Russell 3000 Value Index Fund

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2001
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                      17,413,571
<INVESTMENTS-AT-VALUE>                     18,393,320
<RECEIVABLES>                                  29,998
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                             18,423,318
<PAYABLE-FOR-SECURITIES>                       17,017
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                       7,473
<TOTAL-LIABILITIES>                            24,490
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                   17,392,136
<SHARES-COMMON-STOCK>                         250,000
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                       7,947
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                        18,996
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                      979,749
<NET-ASSETS>                               18,398,828
<DIVIDEND-INCOME>                              66,443
<INTEREST-INCOME>                                 172
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                  7,973
<NET-INVESTMENT-INCOME>                        58,642
<REALIZED-GAINS-CURRENT>                       18,996
<APPREC-INCREASE-CURRENT>                     979,749
<NET-CHANGE-FROM-OPS>                       1,057,387
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                      50,695
<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>                     18,398,828
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                           7,973
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                 7,973
<AVERAGE-NET-ASSETS>                       17,389,197
<PER-SHARE-NAV-BEGIN>                           69.91
<PER-SHARE-NII>                                  0.23
<PER-SHARE-GAIN-APPREC>                          3.66
<PER-SHARE-DIVIDEND>                             0.00
<PER-SHARE-DISTRIBUTIONS>                        0.20
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             73.60
<EXPENSE-RATIO>                                  0.25