<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> 35
   <NAME> Dow Jones U. S. Telecommunications Sector In

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-2001
<PERIOD-END>                               OCT-31-2000
<INVESTMENTS-AT-COST>                      43,534,012
<INVESTMENTS-AT-VALUE>                     42,144,051
<RECEIVABLES>                                 141,337
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                             42,285,388
<PAYABLE-FOR-SECURITIES>                      125,395
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                   3,260,293
<TOTAL-LIABILITIES>                         3,385,688
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                   39,350,488
<SHARES-COMMON-STOCK>                         750,000
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                      (6,532)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       945,705
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                   (1,389,961)
<NET-ASSETS>                               38,899,700
<DIVIDEND-INCOME>                             271,890
<INTEREST-INCOME>                              13,770
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                117,106
<NET-INVESTMENT-INCOME>                       168,554
<REALIZED-GAINS-CURRENT>                      945,705
<APPREC-INCREASE-CURRENT>                  (1,389,961)
<NET-CHANGE-FROM-OPS>                        (275,702)
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                     175,086
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                     1,300,000
<NUMBER-OF-SHARES-REDEEMED>                  (550,000)
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                     38,899,700
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                         117,106
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                               117,106
<AVERAGE-NET-ASSETS>                       43,943,754
<PER-SHARE-NAV-BEGIN>                           56.81
<PER-SHARE-NII>                                  0.21
<PER-SHARE-GAIN-APPREC>                         (4.93)
<PER-SHARE-DIVIDEND>                             0.00
<PER-SHARE-DISTRIBUTIONS>                        0.22
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             51.87
<EXPENSE-RATIO>                                  0.60