<ARTICLE> 6
<CIK> 0000930667
<NAME> ISHARES, INC.

   <NUMBER> 03
   <NAME> BELGIUM INDEX FUND

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-END>                               AUG-31-2000
<INVESTMENTS-AT-COST>                         15057249
<INVESTMENTS-AT-VALUE>                        13457165
<RECEIVABLES>                                    43051
<ASSETS-OTHER>                                  887563
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                14387779
<PAYABLE-FOR-SECURITIES>                             0
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<TOTAL-LIABILITIES>                            1158082
<SENIOR-EQUITY>                                   1000
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<SHARES-COMMON-STOCK>                          1000030
<SHARES-COMMON-PRIOR>                           840030
<ACCUMULATED-NII-CURRENT>                     (131041)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (1159102)
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<EXPENSES-NET>                                (144046)
<NET-INVESTMENT-INCOME>                         173772
<REALIZED-GAINS-CURRENT>                      (472104)
<APPREC-INCREASE-CURRENT>                    (1751697)
<NET-CHANGE-FROM-OPS>                        (2050029)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (359211)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         160000
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        (266412)
<ACCUMULATED-NII-PRIOR>                        (36463)
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<PER-SHARE-NAV-BEGIN>                            16.07
<PER-SHARE-NII>                                    .19
<PER-SHARE-GAIN-APPREC>                         (2.67)
<PER-SHARE-DIVIDEND>                             (.36)
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<EXPENSE-RATIO>                                   1.13