<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> 5
<NAME> S&P MidCap 400/Barra Value Index Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 18,152,159
<INVESTMENTS-AT-VALUE> 19,611,664
<RECEIVABLES> 54,205
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19,665,869
<PAYABLE-FOR-SECURITIES> 25,467
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,936
<TOTAL-LIABILITIES> 33,403
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,051,201
<SHARES-COMMON-STOCK> 250,000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 4,089
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 117,671
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,459,505
<NET-ASSETS> 19,632,466
<DIVIDEND-INCOME> 76,446
<INTEREST-INCOME> 120
<OTHER-INCOME> 0
<EXPENSES-NET> 8,457
<NET-INVESTMENT-INCOME> 68,109
<REALIZED-GAINS-CURRENT> 117,671
<APPREC-INCREASE-CURRENT> 1,459,505
<NET-CHANGE-FROM-OPS> 1,645,285
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 64,020
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 250,000
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 19,632,466
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,457
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,457
<AVERAGE-NET-ASSETS> 18,445,971
<PER-SHARE-NAV-BEGIN> 72.40
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 6.11
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.26
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 78.53
<EXPENSE-RATIO> 0.25
</TABLE>
