Report of Independent Registered Public Accounting Firm

To the Board of Directors of iShares Inc.:

In planning and performing our audits of the financial statements of each of the funds of iShares Inc., as listed in the attached Appendix A, (hereafter referred to as the "Funds"), as of and for the year ended August 31, 2007, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds' internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting.  Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting.  In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.  A Fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.  Such internal control over financial reporting includes policies and procedures that provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a Fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.  A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the Funds' ability to initiate, authorize, record, process or report external financial data reliably in accordance with generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the Funds' annual or interim financial statements that is more than inconsequential will not be prevented or detected.  A material weakness is a control deficiency, or combination of control deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be significant deficiencies or material weaknesses under standards established by the Public Company Accounting Oversight Board (United States).  However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls for safeguarding securities that we consider to be material weaknesses as defined above as of August 31, 2007.

This report is intended solely for the information and use of management, the Board of Directors of iShares Inc. and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

PricewaterhouseCoopers LLP

San Francisco, California

October 23, 2007

APPENDIX A
	Fund Name
1	iShares MSCI Austria Index Fund
2	iShares MSCI Belgium Index Fund
3	iShares MSCI EMU Index Fund
4	iShares MSCI France Index Fund
5	iShares MSCI Germany Index Fund
6	iShares MSCI Italy Index Fund
7	iShares MSCI Netherlands Index Fund
8	iShares MSCI Spain Index Fund
9	IShares MSCI Sweden Index Fund
10	IShares MSCI Switzerland Index Fund
11	IShares MSCI United Kingdom Index Fund
12	iShares MSCI Japan Index Fund
13	iShares MSCI Australia Index Fund
14	iShares MSCI Brazil Index Fund
15	iShares MSCI Canada Index Fund
16	iShares MSCI Emerging Markets Index Fund
17	iShares MSCI Hong Kong Index Fund
18	iShares MSCI Malaysia Index Fund
19	iShares MSCI Mexico Index Fund
20	iShares MSCI Pacific ex-Japan Index Fund
21	iShares MSCI Singapore Index Fund
22	iShares MSCI South Africa Index Fund
23	IShares MSCI South Korea Index Fund
24	IShares MSCI Taiwan Index Fund