<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> 20
   <NAME> Russell 1000 Index Fund

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2001
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                     259,293,092
<INVESTMENTS-AT-VALUE>                    269,695,251
<RECEIVABLES>                                 242,718
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                            269,937,969
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                   7,125,304
<TOTAL-LIABILITIES>                         7,125,304
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                  250,947,429
<SHARES-COMMON-STOCK>                       3,400,000
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                      73,682
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                     1,389,395
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                   10,402,159
<NET-ASSETS>                              262,812,665
<DIVIDEND-INCOME>                           1,062,629
<INTEREST-INCOME>                              11,031
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                144,398
<NET-INVESTMENT-INCOME>                       929,262
<REALIZED-GAINS-CURRENT>                    1,389,395
<APPREC-INCREASE-CURRENT>                  10,402,159
<NET-CHANGE-FROM-OPS>                      12,720,816
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                     855,580
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                     3,700,000
<NUMBER-OF-SHARES-REDEEMED>                  (300,000)
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                    262,812,665
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                         144,398
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                               144,398
<AVERAGE-NET-ASSETS>                      256,518,864
<PER-SHARE-NAV-BEGIN>                           76.78
<PER-SHARE-NII>                                  0.27
<PER-SHARE-GAIN-APPREC>                          0.50
<PER-SHARE-DIVIDEND>                             0.00
<PER-SHARE-DISTRIBUTIONS>                        0.25
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             77.30
<EXPENSE-RATIO>                                  0.15