<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> 11
<NAME> S&P SmallCap 600/BARRA Value Index Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 13,587,416
<INVESTMENTS-AT-VALUE> 14,413,606
<RECEIVABLES> 47,129
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 14,460,735
<PAYABLE-FOR-SECURITIES> 36,657
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,847
<TOTAL-LIABILITIES> 42,504
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13,588,572
<SHARES-COMMON-STOCK> 200,000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 3,728
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (259)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 826,190
<NET-ASSETS> 14,418,231
<DIVIDEND-INCOME> 33,219
<INTEREST-INCOME> 107
<OTHER-INCOME> 0
<EXPENSES-NET> 6,334
<NET-INVESTMENT-INCOME> 26,992
<REALIZED-GAINS-CURRENT> (259)
<APPREC-INCREASE-CURRENT> 826,190
<NET-CHANGE-FROM-OPS> 852,923
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 23,264
<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> 14,418,231
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,334
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,334
<AVERAGE-NET-ASSETS> 13,812,294
<PER-SHARE-NAV-BEGIN> 68.34
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 3.74
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.12
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 72.09
<EXPENSE-RATIO> 0.25
</TABLE>
