<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> 2
<NAME> S&P Europe 350 Index Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 15,712,066
<INVESTMENTS-AT-VALUE> 14,633,490
<RECEIVABLES> 28,943
<ASSETS-OTHER> 20,335
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 14,682,768
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15,019
<TOTAL-LIABILITIES> 15,019
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,747,904
<SHARES-COMMON-STOCK> 200,000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (241)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,624)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,078,290)
<NET-ASSETS> 14,667,749
<DIVIDEND-INCOME> 50,635
<INTEREST-INCOME> 416
<OTHER-INCOME> 0
<EXPENSES-NET> 16,172
<NET-INVESTMENT-INCOME> 34,879
<REALIZED-GAINS-CURRENT> (1,624)
<APPREC-INCREASE-CURRENT> (1,078,290)
<NET-CHANGE-FROM-OPS> (1,045,035)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 35,120
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 200,000
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 14,667,749
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 16,172
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 16,172
<AVERAGE-NET-ASSETS> 14,902,226
<PER-SHARE-NAV-BEGIN> 79.32
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> (5.98)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.18
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 73.34
<EXPENSE-RATIO> 0.60
</TABLE>
