<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from iShares Trust
financial statements at September 30, 2000
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 8
<NAME> S&P 500/BARRA Value Index Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 57,815,166
<INVESTMENTS-AT-VALUE> 59,801,897
<RECEIVABLES> 68,942
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 59,870,839
<PAYABLE-FOR-SECURITIES> 41,317
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14,630
<TOTAL-LIABILITIES> 55,947
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 57,453,854
<SHARES-COMMON-STOCK> 950,000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 19,055
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 355,252
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,986,731
<NET-ASSETS> 59,814,892
<DIVIDEND-INCOME> 280,666
<INTEREST-INCOME> 576
<OTHER-INCOME> 0
<EXPENSES-NET> 27,872
<NET-INVESTMENT-INCOME> 253,370
<REALIZED-GAINS-CURRENT> 355,252
<APPREC-INCREASE-CURRENT> 1,986,731
<NET-CHANGE-FROM-OPS> 2,595,353
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 234,315
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 950,000
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 59,814,892
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 27,872
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 27,872
<AVERAGE-NET-ASSETS> 43,600,217
<PER-SHARE-NAV-BEGIN> 60.20
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 2.74
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.27
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 62.96
<EXPENSE-RATIO> 0.18
</TABLE>
