[INVESTORS BANK & TRUST COMPANY
                              200 CLARENDON STREET
                               BOSTON, MA 02116]



January 5, 2005

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 prospectus
and  statement  of  additional  information  for the Funds of the Company  dated
January 1, 2005, do not differ from that contained in  Post-Effective  Amendment
No. 29 (the "Amendment") to the Company's  Registration  Statement on Form N-1A.
The Amendment was filed electronically on December 29, 2004.

Please address all questions  regarding this filing to the  undersigned at (617)
937-7270.



Very truly yours,

/s/ Jeremy Kantrowitz

Jeremy Kantrowitz, Esq.