<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> 22
<NAME> Dow Jones U. S. Chemicals Index Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-2001
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 18,223,840
<INVESTMENTS-AT-VALUE> 17,294,088
<RECEIVABLES> 12,707
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 17,306,795
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,220
<TOTAL-LIABILITIES> 16,220
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,243,539
<SHARES-COMMON-STOCK> 450,000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,199
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (24,411)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (929,752)
<NET-ASSETS> 17,290,575
<DIVIDEND-INCOME> 154,933
<INTEREST-INCOME> 618
<OTHER-INCOME> 0
<EXPENSES-NET> 37,658
<NET-INVESTMENT-INCOME> 117,893
<REALIZED-GAINS-CURRENT> (24,411)
<APPREC-INCREASE-CURRENT> (929,752)
<NET-CHANGE-FROM-OPS> (836,270)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 116,694
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 500,000
<NUMBER-OF-SHARES-REDEEMED> (50,000)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 17,290,575
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 37,658
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 37,658
<AVERAGE-NET-ASSETS> 16,254,621
<PER-SHARE-NAV-BEGIN> 40.26
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> (1.84)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.26
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 38.42
<EXPENSE-RATIO> 0.60
</TABLE>
