[Investors Bank & Trust Company letterhead,
200 Clarendon Street, Boston, MA  02116]




January 6, 2003

VIA EDGAR

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

Re:  iShares, Inc. (the "Company"), File Nos. 33-97598, 811-09102

Ladies and Gentlemen:

Pursuant  to Rule 497(j) of the  Securities  Act of 1933,  as  amended,  and on
behalf of the  Company,  please  accept this letter as  certification  that the
prospectuses and statement of additional information for the Fund dated January
1, 2003, do not differ from that contained in Post-Effective  Amendement No. 26
(the  "Amendment")  to the Company's  Registration  Statement on Form N-1A. The
Amendment was filed electronically on December 30, 2002.

Please address all questions  regarding this filing to the undersigned at (617)
937-7804.



Very truly yours,

/s/ Sandra Madden

Sandra Madden, Esq.




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