<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.


   <NUMBER> 17
   <NAME> Russell 2000 Index Fund

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2001
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                     218,656,302
<INVESTMENTS-AT-VALUE>                    246,304,959
<RECEIVABLES>                                 599,425
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                            246,904,384
<PAYABLE-FOR-SECURITIES>                      410,304
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                  12,776,896
<TOTAL-LIABILITIES>                        13,187,200
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                  206,275,533
<SHARES-COMMON-STOCK>                       2,250,000
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                     133,308
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                      (340,314)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                   27,648,657
<NET-ASSETS>                              233,717,184
<DIVIDEND-INCOME>                           1,187,786
<INTEREST-INCOME>                              37,680
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                156,850
<NET-INVESTMENT-INCOME>                     1,068,616
<REALIZED-GAINS-CURRENT>                     (340,314)
<APPREC-INCREASE-CURRENT>                  27,648,657
<NET-CHANGE-FROM-OPS>                      28,376,959
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                     935,308
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                     2,250,000
<NUMBER-OF-SHARES-REDEEMED>                         0
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                    233,717,184
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                         156,850
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                               156,850
<AVERAGE-NET-ASSETS>                      220,296,276
<PER-SHARE-NAV-BEGIN>                           94.33
<PER-SHARE-NII>                                  0.48
<PER-SHARE-GAIN-APPREC>                          9.48
<PER-SHARE-DIVIDEND>                             0.00
<PER-SHARE-DISTRIBUTIONS>                        0.42
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                            103.87
<EXPENSE-RATIO>                                  0.20