<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> 3
<NAME> S&P MidCap 400 Index Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 256,981,050
<INVESTMENTS-AT-VALUE> 267,188,413
<RECEIVABLES> 634,451
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 267,822,864
<PAYABLE-FOR-SECURITIES> 443,858
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,989,998
<TOTAL-LIABILITIES> 14,433,856
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 223,569,555
<SHARES-COMMON-STOCK> 2,350,000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 26,373
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19,585,717
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,207,363
<NET-ASSETS> 253,389,008
<DIVIDEND-INCOME> 772,151
<INTEREST-INCOME> 8,527
<OTHER-INCOME> 0
<EXPENSES-NET> 138,960
<NET-INVESTMENT-INCOME> 641,718
<REALIZED-GAINS-CURRENT> 19,585,717
<APPREC-INCREASE-CURRENT> 10,207,363
<NET-CHANGE-FROM-OPS> 30,434,798
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 615,345
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,200,000
<NUMBER-OF-SHARES-REDEEMED> (850,000)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 253,389,008
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 138,960
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 138,960
<AVERAGE-NET-ASSETS> 195,523,955
<PER-SHARE-NAV-BEGIN> 92.63
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 15.19
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.27
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 107.83
<EXPENSE-RATIO> 0.20
</TABLE>
