<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from E*TRADE S&P 500 Index Fund
financial statements at June 30, 2000
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> E*TRADE TECHNOLOGY INDEX FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 82,943,288
<INVESTMENTS-AT-VALUE> 92,170,433
<RECEIVABLES> 73,078
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 92,243,512
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 171,284
<TOTAL-LIABILITIES> 171,284
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 81,270,361
<SHARES-COMMON-STOCK> 6,134,156
<SHARES-COMMON-PRIOR> 3,165,238
<ACCUMULATED-NII-CURRENT> (248,789)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,823,511
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,227,145
<NET-ASSETS> 92,072,228
<DIVIDEND-INCOME> 35,243
<INTEREST-INCOME> 31,130
<OTHER-INCOME> 0
<EXPENSES-NET> (315,178)
<NET-INVESTMENT-INCOME> (248,805)
<REALIZED-GAINS-CURRENT> 2,174,880
<APPREC-INCREASE-CURRENT> (240,254)
<NET-CHANGE-FROM-OPS> 1,685,821
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 67,328,736
<NUMBER-OF-SHARES-REDEEMED> (23,624,436)
<SHARES-REINVESTED> 1,711,270
<NET-CHANGE-IN-ASSETS> 45,415,570
<ACCUMULATED-NII-PRIOR> 45,718
<ACCUMULATED-GAINS-PRIOR> 1,489,252
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (305,635)
<GROSS-ADVISORY-FEES> 92,699
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 327,178
<AVERAGE-NET-ASSETS> 74,566,852
<PER-SHARE-NAV-BEGIN> 14.21
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 0.84
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.01
<EXPENSE-RATIO> 0.85
</TABLE>
