**SPECIAL ATTENTION**
Your vote is very important. In order to avoid the
additional expense of further solicitations to shareholders
of the iShares MSCI Canada, Japan and United Kingdom Index
Funds, we ask that you please sign, date and mail the
enclosed PROXY CARD today.
iShares, Inc.
(Formerly WEBS Index Fund, Inc.)
400 Bellevue Parkway
Wilmington, DE 19809
(800) 474-2737
Dear Shareholders:
You should have received WEBS Index Fund, Inc.'s (now
iShares, Inc.) proxy materials for its Special Meeting of
Shareholders. As previously announced, the Special Meeting
was originally scheduled for May 5, 2000 and was adjourned
on three occasions because the necessary quorum to transact
business with respect to Proposal Nos. 2, 3 and 4 was not
achieved. While the meeting will reconvene at 11:00 a.m.
(Eastern time) on , June 9, 2000, a quorum may not be
achieved at that time and we may have to adjourn the meeting
again. IT IS THEREFORE VERY IMPORTANT THAT WE RECEIVE YOUR
VOTE TODAY TO AVOID THE ADDITIONAL EXPENSE OF FURTHER
ADJOURNMENTS AND SOLICITATIONS TO SHAREHOLDERS OF THE
ISHARES MSCI CANADA, JAPAN AND UNITED KINGDOM INDEX FUNDS.
PLEASE RETURN THE ENCLOSED PROXY CARD AS SOON AS POSSIBLE.
WE ASK THAT YOU SIMPLY SIGN, DATE AND MAIL THE ENCLOSED
PROXY CARD AS SOON AS POSSIBLE. A POSTAGE PREPAID ENVELOPE
IS ENCLOSED FOR YOUR CONVENIENCE.
Thank you for your vote.
Respectfully,
/s/Nathan Most
Nathan Most
President
