U.S. Securities and Exchange Commission
                             Washington, D.C. 20549

                                  FORM N-17f-2

 CERTIFICATE OF ACCOUNTING OF SECURITIES AND SIMILAR INVESTMENTS IN THE CUSTODY
                       OF MANAGEMENT INVESTMENT COMPANIES

                    Pursuant to Rule 17f-2 [17 CFR 270.17f-2]

1.   Investment Company Act File Number:             Date examination completed:
     811-21145                                                     June 30, 2005

2.   State Identification Number:

                   
AL   AK   AZ   AR            CA   CO
CT   DE   DC   FL            GA   HI
ID   IL   IN   IA            KS   KY
LA   ME   MD   MA            MI   MN
MS   MO   MT   NE            NV   NH
NJ   NM   NY   NC            ND   OH
OK   OR   PA   RI            SC   SD
TN   TX   UT   VT            VA   WA
WV   WI   WY   PUERTO RICO



Other (specify): [ ]

3.   Exact name of investment company as specified in registration statement:
     SPDR Index Shares Funds

4.   Address of principal executive office: (number, street, city, state, zip
     code)
     1 Lincoln Street, Boston, MA 02111

INSTRUCTIONS

This Form must be completed by the investment companies that have custody of
securities or similar investments.

Investment Company

1. All items must be completed by the investment company.

2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.

Accountant

3. Submit this Form to the Securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the original
and one copy with the Securities and Exchange Commission's principal office in
Washington, D.C., one copy with the regional office for the region in which the
investment company's principal business operations are conducted, and one copy
with the appropriate state administrator(s), if applicable.

THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT



             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Trustees of
SPDR Index Shares Funds

We have examined management's assertion, included in the accompanying Management
Statement Regarding Compliance with Certain Provisions of the Investment Company
Act of 1940, about each of the portfolios comprising SPDR Index Shares Funds
(the "Trust") complied with the requirements of subsections (b) and (c) of Rule
17f-2 under the Investment Company Act of 1940 ("the Act") as of June 30, 2005.
Management is responsible for the Trust's compliance with those requirements.
Our responsibility is to express an opinion on management's assertion about the
Trust's compliance based on our examination.

Our examination was made in accordance with the standards of the Public Company
Accounting Oversight Board (United States) and, accordingly, included examining,
on a test basis, evidence about the Trust's compliance with those requirements
and performing such other procedures as we considered necessary in the
circumstances. Included among our procedures were the following tests performed
as of June 30, 2005 and with respect to agreement of security purchases and
sales, for the period from December 31, 2004 (the date of our last examination)
through June 30, 2005:

- -    Confirmation all securities held in book entry form at the Depository Trust
     Company and International Depositories. For such securities, review of all
     reconciliations of the security positions recorded at State Street Bank and
     Trust Company, the Trust's custodian (the "Custodian"), to the positions
     held in omnibus form for the Custodian's account at the Depository Trust
     Company and International Depositories;

- -    Confirmation of all securities hypothecated, pledged, placed in escrow, or
     out for transfer with brokers, pledges and/or transfer agents;

- -    Reconciliation of all such securities to the books and records of the Trust
     and the Custodian; and

- -    Agreement of a sample investment purchases and sales or maturities during
     the period December 31, 2004 to June 30, 2005 from the books and records of
     the Trust to broker confirmations or subsequent cash activity, where
     replies from brokers were not received.

We believe that our examination provides a reasonable basis for our opinion. Our
examination does not provide a legal determination on the Trust's compliance
with specified requirements.

In our opinion, management's assertion that SPDR Index Shares Funds was in
compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the
Investment Company Act of 1940 as of June 30, 2005 with respect to securities
reflected in the investment accounts of the Trust is fairly stated, in all
material respects.

This report is intended solely for the information and use of the Board of
Trustees, management of the Trust and the Securities and Exchange Commission and
is not intended and should not be used by anyone other than these specified
parties.


/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
May 22, 2008



    MANAGEMENT STATEMENT REGARDING COMPLIANCE WITH CERTAIN PROVISIONS OF THE
                         INVESTMENT COMPANY ACT OF 1940

We, as members of management of SPDR Index Shares Funds (the Trust), are
responsible for complying with the requirements of subsections (b) and (c) of
Rule 17f-2, Custody of Investments by Registered Management Investment
Companies, of the Investment Company Act of 1940. We are also responsible for
establishing and maintaining effective internal controls over compliance with
those requirements. We have performed an evaluation of the Trust's compliance
with the requirements of subsections (b) and (c) of Rule 17f-2 as of June 30,
2005, and from December 31, 2004 through June 30, 2005.

Based on this evaluation, we assert that the Trust was in compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company
Act of 1940 as of June 30, 2005, and from December 31, 2004 through June 30,
2005, with respect to securities reflected in the investment accounts of the
Trust.

SPDR INDEX SHARES FUNDS


/s/ Gary L. French
Treasurer
May 22, 2008