<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from iShares Trust
financial statements at October 31, 2000
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 31
<NAME> Dow Jones U. S. Real Estate Index Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-2001
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 34,478,346
<INVESTMENTS-AT-VALUE> 33,371,240
<RECEIVABLES> 338,649
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33,709,889
<PAYABLE-FOR-SECURITIES> 25,704
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,748,762
<TOTAL-LIABILITIES> 1,774,466
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 32,372,724
<SHARES-COMMON-STOCK> 450,000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 40,333
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 629,472
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,107,106)
<NET-ASSETS> 31,935,423
<DIVIDEND-INCOME> 660,604
<INTEREST-INCOME> 604
<OTHER-INCOME> 0
<EXPENSES-NET> 50,243
<NET-INVESTMENT-INCOME> 610,965
<REALIZED-GAINS-CURRENT> 629,472
<APPREC-INCREASE-CURRENT> (1,107,106)
<NET-CHANGE-FROM-OPS> 133,331
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 570,632
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 550,000
<NUMBER-OF-SHARES-REDEEMED> (100,000)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 31,935,423
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 50,243
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 50,243
<AVERAGE-NET-ASSETS> 21,749,345
<PER-SHARE-NAV-BEGIN> 68.97
<PER-SHARE-NII> 1.64
<PER-SHARE-GAIN-APPREC> 1.91
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 1.55
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 70.97
<EXPENSE-RATIO> 0.60
</TABLE>
