<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> 15
<NAME> Russell 2000 Value Index Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 36,726,203
<INVESTMENTS-AT-VALUE> 38,364,735
<RECEIVABLES> 127,442
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 38,492,177
<PAYABLE-FOR-SECURITIES> 126,855
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 699,217
<TOTAL-LIABILITIES> 826,072
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35,933,824
<SHARES-COMMON-STOCK> 350,000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 42,625
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 51,124
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,638,532
<NET-ASSETS> 37,666,105
<DIVIDEND-INCOME> 197,691
<INTEREST-INCOME> 1,311
<OTHER-INCOME> 0
<EXPENSES-NET> 16,210
<NET-INVESTMENT-INCOME> 182,792
<REALIZED-GAINS-CURRENT> 51,124
<APPREC-INCREASE-CURRENT> 1,638,532
<NET-CHANGE-FROM-OPS> 1,872,448
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 140,167
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 350,000
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 37,666,105
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 16,210
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 16,210
<AVERAGE-NET-ASSETS> 35,357,420
<PER-SHARE-NAV-BEGIN> 103.35
<PER-SHARE-NII> 0.52
<PER-SHARE-GAIN-APPREC> 4.15
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.40
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 107.62
<EXPENSE-RATIO> 0.25
</TABLE>
