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

   <NUMBER> 18
   <NAME> BRAZIL (FREE) INDEX FUND

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-END>                               AUG-31-2000
<INVESTMENTS-AT-COST>                         18788966
<INVESTMENTS-AT-VALUE>                        18438276
<RECEIVABLES>                                    66727
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                18505003
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       221825
<TOTAL-LIABILITIES>                             221825
<SENIOR-EQUITY>                                    950
<PAID-IN-CAPITAL-COMMON>                      19369990
<SHARES-COMMON-STOCK>                           950000
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       (8267)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (728300)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (351195)
<NET-ASSETS>                                  18283178
<DIVIDEND-INCOME>                                56628
<INTEREST-INCOME>                                 1032
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (32390)
<NET-INVESTMENT-INCOME>                          25270
<REALIZED-GAINS-CURRENT>                      (416132)
<APPREC-INCREASE-CURRENT>                     (351195)
<NET-CHANGE-FROM-OPS>                         (742057)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (20804)
<DISTRIBUTIONS-OF-GAINS>                      (324901)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1750000
<NUMBER-OF-SHARES-REDEEMED>                   (800000)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        18283178
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              410
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  45655
<AVERAGE-NET-ASSETS>                          23479119
<PER-SHARE-NAV-BEGIN>                            20.22
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                          (.63)
<PER-SHARE-DIVIDEND>                             (.02)
<PER-SHARE-DISTRIBUTIONS>                        (.34)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.25
<EXPENSE-RATIO>                                    .99