<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> 31
   <NAME> Dow Jones U. S. Real Estate Index Fund

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-2001
<PERIOD-END>                               OCT-31-2000
<INVESTMENTS-AT-COST>                      34,478,346
<INVESTMENTS-AT-VALUE>                     33,371,240
<RECEIVABLES>                                 338,649
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                             33,709,889
<PAYABLE-FOR-SECURITIES>                       25,704
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                   1,748,762
<TOTAL-LIABILITIES>                         1,774,466
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                   32,372,724
<SHARES-COMMON-STOCK>                         450,000
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                      40,333
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       629,472
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                   (1,107,106)
<NET-ASSETS>                               31,935,423
<DIVIDEND-INCOME>                             660,604
<INTEREST-INCOME>                                 604
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                 50,243
<NET-INVESTMENT-INCOME>                       610,965
<REALIZED-GAINS-CURRENT>                      629,472
<APPREC-INCREASE-CURRENT>                  (1,107,106)
<NET-CHANGE-FROM-OPS>                         133,331
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                     570,632
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                       550,000
<NUMBER-OF-SHARES-REDEEMED>                  (100,000)
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                     31,935,423
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                          50,243
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                50,243
<AVERAGE-NET-ASSETS>                       21,749,345
<PER-SHARE-NAV-BEGIN>                           68.97
<PER-SHARE-NII>                                  1.64
<PER-SHARE-GAIN-APPREC>                          1.91
<PER-SHARE-DIVIDEND>                             0.00
<PER-SHARE-DISTRIBUTIONS>                        1.55
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             70.97
<EXPENSE-RATIO>                                  0.60