<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> 18
   <NAME> Russell 1000 Value Index Fund

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2001
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                      62,353,904
<INVESTMENTS-AT-VALUE>                     64,159,241
<RECEIVABLES>                                  67,177
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                             64,226,418
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                     445,400
<TOTAL-LIABILITIES>                           445,400
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                   62,003,955
<SHARES-COMMON-STOCK>                       1,100,000
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                      24,125
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       (52,399)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                    1,805,337
<NET-ASSETS>                               63,781,018
<DIVIDEND-INCOME>                             218,060
<INTEREST-INCOME>                                 938
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                 22,271
<NET-INVESTMENT-INCOME>                       196,727
<REALIZED-GAINS-CURRENT>                      (52,399)
<APPREC-INCREASE-CURRENT>                   1,805,337
<NET-CHANGE-FROM-OPS>                       1,949,665
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                     172,602
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                     1,250,000
<NUMBER-OF-SHARES-REDEEMED>                  (150,000)
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                     63,781,018
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                          22,271
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                22,271
<AVERAGE-NET-ASSETS>                       31,513,204
<PER-SHARE-NAV-BEGIN>                           56.10
<PER-SHARE-NII>                                  0.28
<PER-SHARE-GAIN-APPREC>                          1.86
<PER-SHARE-DIVIDEND>                             0.00
<PER-SHARE-DISTRIBUTIONS>                        0.26
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             57.98
<EXPENSE-RATIO>                                  0.20