iShares Trust
N-SAR filing dated 1/31/03
Attachment for Item 77E

The Trust is currently a defendant in an action in the U.S.  District  Court for
the  Northern  District  of  Illinois.  There  are  numerous  other  defendants,
including the Trust's investment advisor,  other exchange traded funds,  various
fund service providers and market makers, and the Chicago Stock Exchange, Inc. A
company named MOPEX, Inc. is the plaintiff in this action. MOPEX claims that the
actions of the parties,  including  the Trust,  infringe a patent held by MOPEX,
and that the parties  engaged in a "conspiracy"  amongst  themselves to infringe
the patent.  MOPEX's  patent,  however,  was recently found to be invalid by the
judge in a related case in the U.S.  District Court for the Southern District of
New York. Although the Trust is not a party to the action in New York, the Trust
believes  that the  recent  ruling  will  permit the  action in  Illinois  to be
dismissed or resolved quickly.