<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from E*TRADE Extended Market Ind
financial statements at June 30, 2000
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> E*TRADE EXTENDED MARKET INDEX FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 9,175,097
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,175,097
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 46,480
<TOTAL-LIABILITIES> 46,480
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,601,967
<SHARES-COMMON-STOCK> 710,202
<SHARES-COMMON-PRIOR> 349,420
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (5,881)
<ACCUMULATED-NET-GAINS> 213,964
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 318,567
<NET-ASSETS> 9,128,617
<DIVIDEND-INCOME> 28,749
<INTEREST-INCOME> 8,768
<OTHER-INCOME> 0
<EXPENSES-NET> (13,869)
<NET-INVESTMENT-INCOME> 23,648
<REALIZED-GAINS-CURRENT> 163,453
<APPREC-INCREASE-CURRENT> (347,728)
<NET-CHANGE-FROM-OPS> (160,627)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (28,301)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 506,411
<NUMBER-OF-SHARES-REDEEMED> (147,264)
<SHARES-REINVESTED> 1,635
<NET-CHANGE-IN-ASSETS> 4,661,643
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 50,511
<OVERDISTRIB-NII-PRIOR> (1,228)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,399
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 14,230
<AVERAGE-NET-ASSETS> 7,366,242
<PER-SHARE-NAV-BEGIN> 12.78
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.06
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.01
<PER-SHARE-NAV-END> 12.85
<EXPENSE-RATIO> 0.38
</TABLE>
