<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from iShares Trust
financial statements at October 31, 2000
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 22
   <NAME> Dow Jones U. S. Chemicals Index Fund

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-2001
<PERIOD-END>                               OCT-31-2000
<INVESTMENTS-AT-COST>                      18,223,840
<INVESTMENTS-AT-VALUE>                     17,294,088
<RECEIVABLES>                                  12,707
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                             17,306,795
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                      16,220
<TOTAL-LIABILITIES>                            16,220
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                   18,243,539
<SHARES-COMMON-STOCK>                         450,000
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                       1,199
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       (24,411)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                     (929,752)
<NET-ASSETS>                               17,290,575
<DIVIDEND-INCOME>                             154,933
<INTEREST-INCOME>                                 618
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                 37,658
<NET-INVESTMENT-INCOME>                       117,893
<REALIZED-GAINS-CURRENT>                      (24,411)
<APPREC-INCREASE-CURRENT>                    (929,752)
<NET-CHANGE-FROM-OPS>                        (836,270)
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                     116,694
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                       500,000
<NUMBER-OF-SHARES-REDEEMED>                   (50,000)
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                     17,290,575
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                          37,658
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                37,658
<AVERAGE-NET-ASSETS>                       16,254,621
<PER-SHARE-NAV-BEGIN>                           40.26
<PER-SHARE-NII>                                  0.26
<PER-SHARE-GAIN-APPREC>                         (1.84)
<PER-SHARE-DIVIDEND>                             0.00
<PER-SHARE-DISTRIBUTIONS>                        0.26
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             38.42
<EXPENSE-RATIO>                                  0.60