<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from E*TRADE International Index
financial statements at June 30, 2000
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> E*TRADE INTERNATIONAL 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> 9,176,820
<RECEIVABLES> 7,776
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,184,596
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 67,925
<TOTAL-LIABILITIES> 67,925
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,098,388
<SHARES-COMMON-STOCK> 828,755
<SHARES-COMMON-PRIOR> 505,526
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (10,318)
<ACCUMULATED-NET-GAINS> 13,982
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14,619
<NET-ASSETS> 9,116,671
<DIVIDEND-INCOME> 79,612
<INTEREST-INCOME> 9,805
<OTHER-INCOME> 0
<EXPENSES-NET> (22,978)
<NET-INVESTMENT-INCOME> 66,439
<REALIZED-GAINS-CURRENT> 6,270
<APPREC-INCREASE-CURRENT> (422,517)
<NET-CHANGE-FROM-OPS> (349,808)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (73,490)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 556,527
<NUMBER-OF-SHARES-REDEEMED> (235,420)
<SHARES-REINVESTED> 2,122
<NET-CHANGE-IN-ASSETS> 3,217,894
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 7,712
<OVERDISTRIB-NII-PRIOR> (3,267)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11,288
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 23,390
<AVERAGE-NET-ASSETS> 8,410,966
<PER-SHARE-NAV-BEGIN> 11.67
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> (0.67)
<PER-SHARE-DIVIDEND> (0.09)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.01
<PER-SHARE-NAV-END> 11.00
<EXPENSE-RATIO> 0.55
</TABLE>
