WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001064641
<NAME> SELECT SECTOR SPDR TRUST
<SERIES>
<NUMBER> 001
<NAME> BASIC INDUSTRIES SELECT SECTOR
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 115,452,493
<RECEIVABLES> 133,207
<ASSETS-OTHER> 13,976
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 115,599,676
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 228,769
<TOTAL-LIABILITIES> 228,769
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 134,368,072
<SHARES-COMMON-STOCK> 5,000,000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 80,278
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (728,939)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (18,348,504)
<NET-ASSETS> 115,370,907
<DIVIDEND-INCOME> 1,001,503
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 255,543
<NET-INVESTMENT-INCOME> 745,960
<REALIZED-GAINS-CURRENT> (656,336)
<APPREC-INCREASE-CURRENT> (8,142,510)
<NET-CHANGE-FROM-OPS> (8,052,886)
<EQUALIZATION> (103,472)
<DISTRIBUTIONS-OF-INCOME> (774,858)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,450,000
<NUMBER-OF-SHARES-REDEEMED> (1,900,000)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 104,083,851
<PER-SHARE-NAV-BEGIN> 23.74
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> (0.62)
<PER-SHARE-DIVIDEND> (0.02)
<PER-SHARE-DISTRIBUTIONS> (0.22)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.07
<EXPENSE-RATIO> .50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
