SUPPLEMENT DATED JULY 7, 2000
TO
iSHARES, INC.
PROSPECTUS
AND
STATEMENT OF ADDITIONAL INFORMATION
DATED DECEMBER 30, 1999
(AS REVISED MAY 22, 2000)
THE INFORMATION IN THIS SUPPLEMENT UPDATES THE INFORMATION IN, AND
SHOULD BE READ IN CONJUNCTION WITH, THE PROSPECTUS AND THE STATEMENT OF
ADDITIONAL INFORMATION OF ISHARES, INC., EACH DATED DECEMBER 30, 1999 (AS
REVISED MAY 22, 2000).
AMEX LISTING OF ISHARES MSCI TAIWAN INDEX FUND AND COMMENCEMENT OF SALES TO THE
PUBLIC
The American Stock Exchange LLC has approved the listing of the iShares
MSCI Taiwan Index Fund.
Shares of the iShares MSCI Taiwan Index Fund began to be offered for
sale to the public on June 23, 2000, and trade on the American Stock Exchange
under the ticker symbol "EWT".
AMEX TRADING SYMBOL FOR THE ISHARES MSCI AUSTRIA INDEX FUND (EWO)
The iShares MSCI Austria Index Fund trades on the American Stock
Exchange under the ticker symbol "EWO", not under the ticker symbol "EAO" as
stated on page 8 of the Prospectus.
THE ISHARES MSCI MALAYSIA (FREE) INDEX FUND HAS BEEN RE-OPENED
Effective May 26, 2000, the iShares MSCI Malaysia (Free) Index Fund
commenced offers of Creation Units of its iShares for U.S. dollars.
The Company continues to seek relief from the Malaysian authorities to
permit it to effect sales and redemptions of Creation Units of the MSCI Malaysia
(Free) Index Fund's iShares on an "in kind" basis. There can be no assurances
that such relief will be obtained, or that the Company's decision to permit
offers and redemptions of Creation Units of the MSCI Malaysia (Free) Index
Fund's iShares for U.S. dollars will result in that Fund's iShares trading close
to their net asset value.
SPECIAL MEETINGS OF SHAREHOLDERS OF THE ISHARES MSCI CANADA, JAPAN AND UNITED
KINGDOM INDEX FUNDS
The shareholders of the MSCI Canada Index Fund approved a proposal on
June 27, 2000 to change that fund from "diversified" to "non-diversified". Such
change became effective immediately. As a consequence, the iShares MSCI Canada
Index Fund is now subject to the non-diversification risks described under
"Principal Risk Factors" in the Prospectus.
Shareholders of the iShares MSCI Japan and United Kingdom Index Funds
did not approve proposals to change the funds from "diversified" to
"non-diversified" funds at special meetings that had been adjourned until
July 3. Accordingly, these iShares MSCI Index Funds will continue to operate as
diversified funds.
COMMENCEMENT OF SALES TO THE PUBLIC OF THE ISHARES MSCI BRAZIL (FREE), EMU,
SOUTH AFRICA AND USA INDEX FUNDS
Shares of the iShares MSCI Brazil (Free) and EMU Index Funds will be
offered for sale to the public on a date to be announced in the Summer of 2000.
Dates for the commencement of sales to the public of the iShares MSCI South
Africa and USA Index Funds have yet to be determined. Shares of the iShares MSCI
Brazil and EMU Index Funds have been approved for listing on the American Stock
Exchange and trading of such shares is expected to commence on the day shares of
the respective Index Funds are first offered to the public.
