iShares Trust
N-SAR filing dated 2/28/03
Attachment for Item 77E

The  Trust is 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 found to be invalid by the judge in a
related case in the U.S.  District Court for the Southern  District of New York.
That case has now been settled.  Although the Trust is not a party to the action
in New York,  the Trust  believes  that the finding of invalidity of the alleged
patent will permit the action in Illinois to be resolved  quickly with no effect
on the Trust.