<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> 18
<NAME> Russell 1000 Value Index Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 62,353,904
<INVESTMENTS-AT-VALUE> 64,159,241
<RECEIVABLES> 67,177
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 64,226,418
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 445,400
<TOTAL-LIABILITIES> 445,400
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 62,003,955
<SHARES-COMMON-STOCK> 1,100,000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 24,125
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (52,399)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,805,337
<NET-ASSETS> 63,781,018
<DIVIDEND-INCOME> 218,060
<INTEREST-INCOME> 938
<OTHER-INCOME> 0
<EXPENSES-NET> 22,271
<NET-INVESTMENT-INCOME> 196,727
<REALIZED-GAINS-CURRENT> (52,399)
<APPREC-INCREASE-CURRENT> 1,805,337
<NET-CHANGE-FROM-OPS> 1,949,665
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 172,602
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,250,000
<NUMBER-OF-SHARES-REDEEMED> (150,000)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 63,781,018
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 22,271
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 22,271
<AVERAGE-NET-ASSETS> 31,513,204
<PER-SHARE-NAV-BEGIN> 56.10
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 1.86
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.26
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 57.98
<EXPENSE-RATIO> 0.20
</TABLE>
