iShares S&P/TSE 60 Index Fund
(Symbol: IKC)		 Inception: 6/16/00
Fund Description
The iShares S&P/TSE 60 Index Fund seeks investment results that correspond generally to the price and yield performance of the S&P/TSE 60 Index.  
Fund Details  
Expense Ratio: 0.50%
Ticker Symbol:  IKC
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IKC
Intraday Value: NLJ
Net Asset Value: NZM
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  NKI
Shares Outstanding: OCD
Dividend Equivalent Payment per Creation Unit: NFR
Cash Components per Creation Unit: DRJ
Annual Performance 2000
IKC -7.81%
Expense Ratio 0.50%
Net Variance (Fund vs. Index) 3.78%
S&P/TSE 60 Index -11.09
Capital Gains and Income Distributions History
2000
Ord. Income $0.24
Short Term Cap. Gains $0.48
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.72

iShares S&P Europe 350 Index Fund
(Symbol: IEV) 		 Inception: 7/28/00
Fund Description
The iShares S&P Europe 350 Index Fund is an exchange-traded fund that seeks investments that correspond generally to the price and yield performance of the S&P Europe 350 Index.  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IEV
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IEV
Intraday Value: NLG
Net Asset Value: NZL
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  DJB
Shares Outstanding: OBD
Dividend Equivalent Payment per Creation Unit: NZG
Cash Components per Creation Unit: DAA
Annual Performance
2000
IEV -5.09%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) -2.78%
S&P Europe 350 Index -1.71%
Capital Gains and Income Distributions History
2000
Ord. Income $0.19
Short Term Cap. Gains $0.00
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.19

iShares Dow Jones U.S. Total Market Index Fund
(Symbol: IYY)		 Inception: 6/16/00
Fund Description
The iShares Total Market Index Fund is an exchange-traded fund that seeks investment results that correspond generally to the price and yield performance of the Dow Jones Total Market Index. The Index includes approximately 95% of the market capitalization of all publicly traded U.S. equity securities.  
Fund Details  
Expense Ratio: 0.20%
Ticker Symbol:  IYY
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYY
Intraday Value: NLG
Net Asset Value: NTO
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  NWF
Shares Outstanding: OFY
Dividend Equivalent Payment per Creation Unit:
Cash Components per Creation Unit: NOT
Annual Performance
2000
IYY -8.16%
Expense Ratio 0.20%
Net Variance (Fund vs. Index) 0.14%
Dow Jones U.S. Total Market -8.10%
Capital Gains and Income Distributions History
2000
Ord. Income $0.24
Short Term Cap. Gains $0.01
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.25

iShares Russell 1000 Value Index Fund
(Symbol: IWD) 		 Inception: 5/26/00
Fund Description
The iShares Russell 1000 Value Index Fund is an exchange-traded fund that seeks investment results that corresponds to the price and yield performance of the U.S. large-cap value stocks with the lowest price-to-book ratios and lowest forecasted growth within the Russell 1000, as represented by the Russell 1000 Value Index.  
Fund Details  
Expense Ratio: 0.20%
Ticker Symbol:  IWD
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IWD
Intraday Value: NJU
Net Asset Value: NDD
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  EGB
Shares Outstanding: OAA
Dividend Equivalent Payment per Creation Unit: OMO
Cash Components per Creation Unit: URK
Annual Performance
2000
IWD 7.56%
Expense Ratio 0.20%
Net Variance (Fund vs. Index) 0.10%
Russell 1000 Value Index 7.66%
Capital Gains and Income Distributions History
2000
Ord. Income $0.44
Short Term Cap. Gains $0.00
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.44

iShares Russell 1000 Growth Index Fund
(Symbol: IWF)		 Inception: 5/26/00
Fund Description
The iShares Russell 1000 Growth Index Fund is an exchange-traded fund that seeks investment returns that corresponds to the price and yield performance of the U.S. large-cap growth stocks with the highest price-to-book ratios and highest forecasted growth within the Russell 1000, as represented by the Russell 1000 Growth Index.  
Fund Details  
Expense Ratio: 0.20%
Ticker Symbol:  IWF
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IWF
Intraday Value: NBF
Net Asset Value: NAH
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  FQK
Shares Outstanding: OWD
Dividend Equivalent Payment per Creation Unit: OMD
Cash Components per Creation Unit: URJ
Annual Performance
2000
IWF -18.41%
Expense Ratio 0.20%
Net Variance (Fund vs. Index) 0.05%
Russell 1000 Growth Index -18.26
Capital Gains and Income Distributions History
2000
Ord. Income $0.09
Short Term Cap. Gains $0.11
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.20

iShares Russell 1000 Index Fund
(Symbol: IWB) 		 Inception: 5/19/00
Fund Description
The iShares Russell 1000 Index Fund is an exchange-traded fund that seeks investment results that corresponds to the price and yield performance of the 1000 largest U.S. companies in the Russell 3000 Index, as represented by the Russell 1000 Index. The Index includes approximately 80% of the market capitalization of all publicly traded U.S. equity securities.  
Fund Details  
Expense Ratio: 0.15%
Ticker Symbol:  IWB
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IWB
Intraday Value: NJB
Net Asset Value: NRJ
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  FXR
Shares Outstanding: OWX
Dividend Equivalent Payment per Creation Unit: OCM
Cash Components per Creation Unit: UCB
Annual Performance
2000
IWB -8.22%
Expense Ratio 0.15%
Net Variance (Fund vs. Index) 0.04%
Russell 1000 Index -8.11
Capital Gains and Income Distributions History
2000
Ord. Income $0.45
Short Term Cap. Gains $0.00
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.45

iShares Russell 2000 Value Index Fund
(Symbol: IWN)		 Inception: 7/28/00
Fund Description
The iShares Russell 2000 Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Russell 2000 Index. The index represents the 2000 smallest companies in the Russell 3000 Index. This index consists of those companies with the lowest price-to-book ratios within the Russell 2000 Index.  
Fund Details  
Expense Ratio: 0.25%
Ticker Symbol:  IWN
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IWN
Intraday Value: NAJ
Net Asset Value: AJO
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  AUE
Shares Outstanding: HEV
Dividend Equivalent Payment per Creation Unit: CQJ
Cash Components per Creation Unit: ABE
Annual Performance
2000
IWN 12.99%
Expense Ratio 0.25%
Net Variance (Fund vs. Index) -0.64%
Russell 2000 Value Index 13.88%
Capital Gains and Income Distributions History
2000
Ord. Income $0.86
Short Term Cap. Gains $0.03
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.89

iShares Russell 2000 Growth Index Fund
(Symbol: IWO) 		 Inception: 7/28/00
Fund Description
The iShares Russell 1000 Growth Index Fund is an exchange-traded fund that seeks investment returns that corresponds generally to the price and yield performance of the small-cap growth stocks with the highest price-to-book ratios and highest forecasted growth within the Russell 2000, as represented by the Russell 2000 Growth Index.  
Fund Details  
Expense Ratio: 0.25%
Ticker Symbol:  IWO
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IWO
Intraday Value: NLO
Net Asset Value: AJN
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  AKX
Shares Outstanding: HDV
Dividend Equivalent Payment per Creation Unit: CKX
Cash Components per Creation Unit: AZK
Annual Performance
2000
IWO -20.94%
Expense Ratio 0.25%
Net Variance (Fund vs. Index) 0.19%
Russell 2000 Growth Index -20.88%
Capital Gains and Income Distributions History
2000
Ord. Income $0.02
Short Term Cap. Gains $0.04
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.06

iShares Russell 2000 Index Fund
(Symbol: IWM) 		 Inception: 5/26/00
Fund Description
The iShares Russell 2000 Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of publicly traded U.S. small-cap stocks, as represented by the Russell 2000 Index. The index represents the 2000 smallest companies in the Russell 3000 Index. The Index includes approximately 6% of the market capitalization of all publicly traded U.S. equity securities.  
Fund Details  
Expense Ratio: 0.20%
Ticker Symbol:  IWM
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IWM
Intraday Value: NJM
Net Asset Value: NED
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  SYP
Shares Outstanding: OAL
Dividend Equivalent Payment per Creation Unit: BMA
Cash Components per Creation Unit: UXZ
Annual Performance
2000
IWM 2.95%
Expense Ratio 0.20%
Net Variance (Fund vs. Index) -0.20%
Russell 2000 Index 3.35%
Capital Gains and Income Distributions History
2000
Ord. Income $0.68
Short Term Cap. Gains $0.17
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.85

iShares Russell 3000 Index Fund
(Symbol: IWW) 		 Inception: 7/28/00
Fund Description
The iShares Russell 3000 Value Index Fund is an exchange-traded fund that seeks investment results that corresponds to the price and yield performance of the U.S. large-cap value stocks with the lowest price-to-book ratios and lowest forecasted growth within the Russell 3000, as represented by the Russell 3000 Value Index.  
Fund Details  
Expense Ratio: 0.25%
Ticker Symbol:  IWW
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IWW
Intraday Value: NNW
Net Asset Value: AJT
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  AWM
Shares Outstanding: HFE
Dividend Equivalent Payment per Creation Unit: CXK
Cash Components per Creation Unit: AFY
Annual Performance
2000
IWW 9.58%
Expense Ratio 0.25%
Net Variance (Fund vs. Index) 0.18%
Russell 3000 Value Index 9.65%
Capital Gains and Income Distributions History
2000
Ord. Income $0.55
Short Term Cap. Gains $0.09
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.64

iShares Russell 3000 Growth Index Fund
(Symbol: IWZ) 		 Inception: 7/28/00
Fund Description
The iShares Russell 3000 Growth Index Fund is an exchange-traded fund that seeks investment returns that corresponds to the price and yield performance of the U.S. large-cap growth stocks with the highest price-to-book ratios and highest forecasted growth within the Russell 3000, as represented by the Russell 3000 Growth Index.  
Fund Details  
Expense Ratio: 0.25%
Ticker Symbol:  IWZ
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed: Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IWZ
Intraday Value: NBE
Net Asset Value: AJR
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  AUH
Shares Outstanding: HEW
Dividend Equivalent Payment per Creation Unit: CXF
Cash Components per Creation Unit: AFT
Annual Performance
2000
IWZ -25.31%
Expense Ratio 0.25%
Net Variance (Fund vs. Index) -0.30%
Russell 3000 Growth Index -25.36%
Capital Gains and Income Distributions History
2000
Ord. Income $0.03
Short Term Cap. Gains $0.00
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.03

iShares Russell 3000 Index Fund
(Symbol: IWV) 		 Inception: 5/26/00
Fund Description
The iShares Russell 3000 Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the U.S. equity broad market, as represented by the Russell 3000 Index. The Index includes approximately 86% of the market capitalization of all publicly traded U.S. equity securities.  
Fund Details  
Expense Ratio: 0.20%
Ticker Symbol:  IWV
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IWV
Intraday Value: NMV
Net Asset Value: NSA
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  PWY
Shares Outstanding: OPE
Dividend Equivalent Payment per Creation Unit: BMR
Cash Components per Creation Unit: UUB
Annual Performance
2000
IWV -4.26%
Expense Ratio 0.20%
Net Variance (Fund vs. Index) -0.07%
Russell 3000 Index -4.13%
Capital Gains and Income Distributions History
2000
Ord. Income $0.34
Short Term Cap. Gains $0.02
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.36

iShares Dow Jones U.S. Real Estate Sector Index Fund
(Symbol: IYR) 		 Inception: 6/16/00
Fund Description
The iShares Dow Jones U.S. Real Estate Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Real Estate Sector Index. This sector includes companies from the following industries: hotel and resort companies, real estate investment trust ("REITs").  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IYR
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYR
Intraday Value: NLR
Net Asset Value: NIZ
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  NWD
Shares Outstanding: OFW
Dividend Equivalent Payment per Creation Unit: NSN
Cash Components per Creation Unit: DID
Annual Performance
2000
IYR 13.82%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) 0.95%
Dow Jones U.S. Real Estate Sector Index Fund 13.47%
Capital Gains and Income Distributions History
2000
Ord. Income $2.42
Short Term Cap. Gains $0.14
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $2.56

iShares Dow Jones U.S. Internet Sector Index Fund
(Symbol: IYV)		 Inception: 5/19/00
Fund Description
The iShares Dow Jones U.S. Internet Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Internet Sector Index. This sector includes companies from the following industries: internet commerce and internet services.  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IYV
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYV
Intraday Value: NNU
Net Asset Value: NCB
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  DPM
Shares Outstanding: OAH
Dividend Equivalent Payment per Creation Unit: ODD
Cash Components per Creation Unit: UDD
Annual Performance
2000
IYV -51.91%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) 1.51%
Dow Jones U.S. Internet Sector Index Fund -49.80%
Capital Gains and Income Distributions History
2000
Ord. Income $0.00
Short Term Cap. Gains $1.64
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $1.64

iShares Dow Jones U.S. Financial Services Sector Index Fund
(Symbol: IYG) 		 Inception: 6/16/00
Fund Description
The iShares Dow Jones U.S. Financial Services Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Financial Services Sector Index. This sector includes companies from the following industries: banks, saving and loan associations, specialty financial firms, and other financial services firms.  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IYG
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYG
Intraday Value: NAG
Net Asset Value: NIH
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  NVM
Shares Outstanding: OFK
Dividend Equivalent Payment per Creation Unit: NRK
Cash Components per Creation Unit: DBX
Annual Performance
2000
IYG 16.40%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) 0.23%
Dow Jones U.S. Financial Services Sector Index Fund 16.77%
Capital Gains and Income Distributions History
2000
Ord. Income $0.93
Short Term Cap. Gains $0.13
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $1.06

iShares Dow Jones U.S. Utilities Sector Index Fund
(Symbol: IDU) 		 Inception: 6/16/00
Fund Description
The iShares Dow Jones U.S. Utilities Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Utilities Sector Index. This sector includes companies from the following industries: electric Utilities, gas utilities, and water utilities.  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IDU
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IDU
Intraday Value: NLU
Net Asset Value: NNO
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  NMM
Shares Outstanding: OGW
Dividend Equivalent Payment per Creation Unit: NPH
Cash Components per Creation Unit: DWX
Annual Performance
2000
IDU 29.28%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) 0.25%
Dow Jones U.S. Utilities  Sector Index Fund 29.63%
Capital Gains and Income Distributions History
2000
Ord. Income $1.12
Short Term Cap. Gains $0.14
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $1.26

iShares Dow Jones U.S. 
Telecommunications Sector Index Fund
(Symbol: IYZ) 		 Inception: 5/19/00
Fund Description
The iShares Dow Jones U.S. Utilities Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Utilities Sector Index. This sector includes companies from the following industries: electric Utilities, gas utilities, and water utilities.  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IYZ
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYZ
Intraday Value: NJZ
Net Asset Value: NEX
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  BYE
Shares Outstanding: OSS
Dividend Equivalent Payment per Creation Unit: BMX
Cash Components per Creation Unit: UMX
Annual Performance
2000
IYZ -30.32%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) -4.36%
Dow Jones U.S.Telecommunications Sector Index -25.36%
Capital Gains and Income Distributions History
2000
Ord. Income $0.22
Short Term Cap. Gains $0.59
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.81

iShares Dow Jones U.S.  Chemicals Sector Index Fund
(Symbol: IYD) 		 Inception: 6/16/00
Fund Description
The iShares Dow Jones U.S. Chemicals Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Chemicals Sector Index. This sector includes companies from the following industries: chemicals, household products/wares, commercial service, miscellaneous manufacture, environmental control,  pharmaceuticals, and metals-diversified.  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IYD
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYD
Intraday Value: NNE
Net Asset Value: NZU
Accrued Dividend Amount:
Last Quarterly Dividend Amount: NKO
Shares Outstanding: OCK
Dividend Equivalent Payment per Creation Unit: NBV
Cash Components per Creation Unit: DAH
Annual Performance
2000
IYD 8.22%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) 2.93%
Dow Jones U.S. Chemicals Sector Index Fund 5.89%
Capital Gains and Income Distributions History
2000
Ord. Income $0.49
Short Term Cap. Gains $0.25
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.74

iShares Dow Jones U.S. Technology Sector Index Fund 
(Symbol: IYW) 		 Inception: 5/19/00
Fund Description
The iShares Dow Jones U.S. Technology Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Technology Sector Index. This sector includes companies from the following industries: development and production of technology products, including computer hardware and software, telecommunications equipment, microcomputer components, integrated computer circuits, and office equipment utilizing technology.i  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IYW
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYW
Intraday Value: NJW
Net Asset Value: NAK
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  FIE
Shares Outstanding: OCB
Dividend Equivalent Payment per Creation Unit: ODE
Cash Components per Creation Unit: UDE
Annual Performance
2000
IYW -36.03%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) 0.27%
Dow Jones U.S.Technology Sector Index -35.70%
Capital Gains and Income Distributions History
2000
Ord. Income $0.00
Short Term Cap. Gains $0.00
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.00

iShares Dow Jones U.S. Industrial Sector Index Fund
(Symbol: IYJ) 		 Inception: 6/16/00
Fund Description
The iShares Dow Jones U.S. Industrial Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Industrial Sector Index. This sector includes companies from the following industries: aerospace and defense companies, advanced materials companies, equipment manufacturers, air freight companies, building materials manufacturer, packaging companies, manufacturers of electrical components, and equipment, heavy construction companies, manufacturers of heavy machinery, industrial services companies, industrial companies, marine transportation companies, railroads, shipbuilders, and trucking companies.  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IYJ
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYJ
Intraday Value: NIJ
Net Asset Value: NIW
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  NVZ
Shares Outstanding: OFV
Dividend Equivalent Payment per Creation Unit: OHE
Cash Components per Creation Unit: DXM
Annual Performance
2000
IYJ -2.37%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) 2.66%
Dow Jones U.S. Industrial  Sector Index -4.43%
Capital Gains and Income Distributions History
2000
Ord. Income $0.15
Short Term Cap. Gains $0.13
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.28

iShares Dow Jones U.S. Healthcare Sector Index Fund
(Symbol: IYH) 		 Inception: 6/16/00
Fund Description
The iShares Dow Jones U.S. Healthcare Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Healthcare Sector Index. This sector includes companies from the following industries: healthcare providers, biotechnology companies, and manufacturers of medical supplies, advanced medical devices, and pharmaceuticals.  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IYH
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYH
Intraday Value: NHG
Net Asset Value: NIT
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  NVV
Shares Outstanding: OFS
Dividend Equivalent Payment per Creation Unit: NRO
Cash Components per Creation Unit: DGB
Annual Performance
2000
IYH 20.84%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) 0.29%
Dow Jones U.S. Healthcare Sector Index 21.15%
Capital Gains and Income Distributions History
2000
Ord. Income $0.07
Short Term Cap. Gains $0.09
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.16

iShares Dow Jones U.S. Financial Sector Index Fund
(Symbol: IYF) 		 Inception: 5/26/00
Fund Description
The iShares Dow Jones U.S. Financial Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Financial Sector Index. This sector includes companies from the following industries: major banks, regional banks, diversified financial companies, insurance companies, real estate companies, savings and loan associations, and securities brokers.  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IYF
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYF
Intraday Value: NLF
Net Asset Value: NSF
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  HCW
Shares Outstanding: OPM
Dividend Equivalent Payment per Creation Unit: BPG
Cash Components per Creation Unit: UWD
Annual Performance
2000
IYF 23.94%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) 0.24%
Dow Jones U.S. Financial Sector Index 24.30%
Capital Gains and Income Distributions History
2000
Ord. Income $1.44
Short Term Cap. Gains $0.39
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $1.83

iSharesDow Jones U.S. Energy Sector Index Fund
(Symbol: IYE) 		 Inception: 6/16/00
Fund Description
The iShares Dow Jones U.S. Energy Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Energy Sector Index. This sector includes companies from the following industries: oil equipment and services, oil-major, oil-secondary and pipelines.  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IYE
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYE
Intraday Value: NLE
Net Asset Value: NHH
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  NVI
Shares Outstanding: OFE
Dividend Equivalent Payment per Creation Unit: NNL
Cash Components per Creation Unit: DBL
Annual Performance
2000
IYE 8.11%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) 0.32%
Dow Jones U.S. Energy Sector Index 8.39%
Capital Gains and Income Distributions History
2000
Ord. Income $0.27
Short Term Cap. Gains $0.00
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.27

iShares Dow Jones U.S. Non-Cyclical Consumer Sector Index Fund
(Symbol: IYK) 		 Inception: 6/16/00
Fund Description
The iShares Dow Jones U.S. Non-Cyclical Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Non-Cyclical Sector Index. This sector includes companies from the following industries: distillers and brewers, producers of soft drinks, consumer services companies, durable, and non durable household manufacturers, cosmetic companies, food retailers, tobacco and agricultural companies.  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IYK
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYK
Intraday Value: NMJ
Net Asset Value: NGJ
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  NVE
Shares Outstanding: OFD
Dividend Equivalent Payment per Creation Unit: NBH
Cash Components per Creation Unit: DAM
Annual Performance
2000
IYK 6.31%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) 0.22%
Dow Jones U.S. Consumer Non-Cyclical Sector Index 6.69%
Capital Gains and Income Distributions History
2000
Ord. Income $0.25
Short Term Cap. Gains $0.00
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.25

iShares Dow Jones U.S. Consumer Cyclical Sector Index Fund
(Symbol: IYC) 		 Inception: 6/16/00
Fund Description
The iShares Dow Jones U.S. Cyclical Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Cyclical Sector Index. This sector includes companies from the following industries: airlines, auto manufacturers, tire and rubber manufacturers, auto parts suppliers, casinos, toy specialty retailers, footwear, and clothing fabric manufacturers, advertising companies, entertainment and leisure companies, consumer electronics companies, broadcasters, publishers.  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IYC
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYC
Intraday Value: NLL
Net Asset Value: NZV
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  NKR
Shares Outstanding: ODF
Dividend Equivalent Payment per Creation Unit: NBJ
Cash Components per Creation Unit: DGA
Annual Performance
2000
IYC -6.67%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) 0.40%
Dow Jones U.S. Consumer Cyclical Sector Index -6.47%
Capital Gains and Income Distributions History
2000
Ord. Income $0.08
Short Term Cap. Gains $0.19
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.27

iShares Dow Jones U.S.  Basic Materials Sector Index Fund
(Symbol: IYM) 		 Inception: 6/16/00
Fund Description
The iShares Dow Jones U.S. Basic Materials Sector Index Fund is an exchange-traded fund that seeks investment results that corresponds generally to the price and yield performance of the Dow Jones U.S. Basic Materials Sector Index. This sector includes companies from the following industries: production of aluminum, chemicals, commodities, chemicals specialty products, forest products, non-ferrous mining products, paper products, precious metal and steel.  
Fund Details  
Expense Ratio: 0.60%
Ticker Symbol:  IYM
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IYM
Intraday Value: NLB
Net Asset Value: NZO
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  NKL
Shares Outstanding: OCF
Dividend Equivalent Payment per Creation Unit: NZC
Cash Components per Creation Unit: DXI
Annual Performance
2000
IYM 8.39%
Expense Ratio 0.60%
Net Variance (Fund vs. Index) 0.46%
Dow Jones U.S. Basic Materials Sector Index 8.53%
Capital Gains and Income Distributions History
2000
Ord. Income $0.39
Short Term Cap. Gains $0.07
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.46

iShares S&P SmallCap 600/BARRA Value Index Fund 
 (Symbol: IJS) 		 Inception: 7/28/00
Fund Description
The iShares S&P 600/BARRA Value Index Fund is an exchange-traded fund that seeks investment results that corresponds to the performance of U.S. small cap value stocks, as represented by the S&P 600/BARRA Value Index. This index consists of those companies with the lowest price-to-book ratios within the S&P 600 Index.  
Fund Details  
Expense Ratio: 0.25%
Ticker Symbol:  IJS
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IJS
Intraday Value: NJS
Net Asset Value: AJM
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  AKW
Shares Outstanding: HDT
Dividend Equivalent Payment per Creation Unit: CKN
Cash Components per Creation Unit: AZJ
Annual Performance
2000
IJS 13.21%
Expense Ratio 0.25%
Net Variance (Fund vs. Index) 0.28%
S&P SmallCap 600/BARRA Value Index  13.18%
Capital Gains and Income Distributions History
2000
Ord. Income $0.26
Short Term Cap. Gains $0.34
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.60

iShares S&P SmallCap 600/BARRA Growth Index Fund 
(Symbol: IJT) 		 Inception: 7/28/00
Fund Description
The iShares S&P 600/BARRA Growth Index Fund is an exchange-traded fund that seeks investment results that corresponds to the performance of U.S. small-cap growth stocks, as represented by the S&P 600/BARRA Growth Index. This index consists of those companies with the highest price-to-book ratios within the S&P 600 Index.  
Fund Details  
Expense Ratio: 0.25%
Ticker Symbol:  IJT
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IJT
Intraday Value: NLT
Net Asset Value: AJJ
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  AKU
Shares Outstanding: HDJ
Dividend Equivalent Payment per Creation Unit: CJK
Cash Components per Creation Unit: AZI
Annual Performance
2000
IJT -5.39%
Expense Ratio 0.25%
Net Variance (Fund vs. Index) -0.04%
S&P SmallCap 600/BARRA Growth Index  -5.18%
Capital Gains and Income Distributions History
2000
Ord. Income $0.00
Short Term Cap. Gains $0.62
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.62

iShares S&P SmallCap 600 Index Fund 
(Symbol:IJR)		 Inception: 5/26/00
Fund Description
The iShares S&P SmallCap 600 Index Fund is an exchange-traded fund that seeks investment results that corresponds to the performance of publicly traded U.S. small-cap stock securities, as represented by the S&P SmallCap 600 Index. The Index includes approximately 2.5% of the market capitalization of all publicly traded U.S. equity securities.  
Fund Details  
Expense Ratio: 0.20%
Ticker Symbol:  IJR
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IJR
Intraday Value: NIR
Net Asset Value: NEN
Last Quarterly Dividend Amount:  RWP
Shares Outstanding: OVD
Dividend Equivalent Payment per Creation Unit: BUG
Cash Components per Creation Unit: UPG
Annual Performance
2000
IJR 12.50%
Expense Ratio 0.20%
Net Variance (Fund vs. Index) 0.10%
S&P SmallCap 600 Index  12.60%
Capital Gains and Income Distributions History
2000
Ord. Income $0.22
Short Term Cap. Gains $1.12
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $1.34

iShares  S&P MidCap 400/BARRA Value Index Fund 
(Symbol: IJJ) 		 Inception: 7/28/00
Fund Description
The iShares S&P 400/BARRA Value Index Fund is an exchange-traded fund that seeks investment results that corresponds to the performance of U.S. mid-cap value stocks, as represented by the S&P 400/BARRA Value Index. This index consists of those companies with the lowest price-to-book ratios within the S&P 400 Index  
Fund Details  
Expense Ratio: 0.25%
Ticker Symbol:  IJJ
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IJJ
Intraday Value: NJJ
Net Asset Value: AJF
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  AKJ
Shares Outstanding: HDF
Dividend Equivalent Payment per Creation Unit: CJH
Cash Components per Creation Unit: AXK
Annual Performance
2000
IJJ 18.89%
Expense Ratio 0.25%
Net Variance (Fund vs. Index) 0.09%
S&P SmallCap 600 Index  19.05%
Capital Gains and Income Distributions History
2000
Ord. Income $0.51
Short Term Cap. Gains $0.14
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.65

iShares S&P MidCap 400/BARRA Growth Index Fund
(Symbol: IJK) 		 Inception: 7/28/00
Fund Description
The  iShares S&P 400/BARRA Growth Index Fund is an exchange-traded fund that seeks investment results that corresponds to the performance of U.S. mid-cap growth stocks, as represented by the S&P 400/BARRA Growth Index. This index consists of those companies with the highest price-to-book ratios within the S&P 400 Index.  
Fund Details  
Expense Ratio: 0.25%
Ticker Symbol:  IJK
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IJK
Intraday Value: NNK
Net Asset Value: AHN
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  AJY
Shares Outstanding: HBM
Dividend Equivalent Payment per Creation Unit: CJF
Cash Components per Creation Unit: AXH
Annual Performance
2000
IJK -8.39%
Expense Ratio 0.25%
Net Variance (Fund vs. Index) 0.03%
S&P MidCap 400/BARRA Growth Index  -8.17%
Capital Gains and Income Distributions History
2000
Ord. Income $0.00
Short Term Cap. Gains $0.47
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.47

iShares S&P MidCap 400 Index Fund
(Symbol: IJH)		 Inception: 5/26/00
Fund Description
The iShares S&P MidCap 400 Index Fund is an exchange-traded fund that seeks investment results that corresponds to the performance of U.S. mid-cap stocks, as represented by the S&P MidCap 400 Index. The Index includes approximately 6% of the market capitalization of all publicly traded U.S. equity securities.  
Fund Details  
Expense Ratio: 0.20%
Ticker Symbol:  IJH
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes: IJH
Intraday Value: NJH
Net Asset Value: NEH
Last Quarterly Dividend Amount:  LCS
Shares Outstanding: ORJ
Dividend Equivalent Payment per Creation Unit: BDA
Cash Components per Creation Unit: UMO
Annual Performance
2000
IJH 12.16%
Expense Ratio 0.20%
Net Variance (Fund vs. Index) 0.04%
S&P MidCap 400 Index  12.32%
Capital Gains and Income Distributions History
2000
Ord. Income $0.47
Short Term Cap. Gains $0.30
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.77

iShares S&P 500/BARRA Value Index Fund
(Symbol: IVE) 		 Inception: 5/26/00
Fund Description
The iShares S&P 500/BARRA Value Index Fund is an exchange-traded fund that seeks investment results that corresponds to the performance of U.S. large-cap value stocks, as represented by the S&P 500/BARRA Value Index. This index consists of those companies with the lowest price-to-book ratios within the S&P 500 Index.  
Fund Details  
Expense Ratio: 0.18%
Ticker Symbol:  IVE
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IVE
Intraday Value: NME
Net Asset Value: NEA
Last Quarterly Dividend Amount:  FIJ
Shares Outstanding: ONL
Dividend Equivalent Payment per Creation Unit: YAH
Cash Components per Creation Unit: UGX
Annual Performance
2000
IVE 6.72%
Expense Ratio 0.18%
Net Variance (Fund vs. Index) 0.09%
S&P 500/BARRA Value Index  6.81%
Capital Gains and Income Distributions History
2000
Ord. Income $0.45
Short Term Cap. Gains $0.15
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.60

iShares S&P 500/BARRA Growth Index Fund
(Symbol: IVW) 		 Inception: 5/26/00
Fund Description
The  iShares S&P 500/BARRA Growth Index Fund is an exchange-traded fund that seeks investment results that correspond to the performance of U.S. large-cap growth stocks, as represented by the S&P 500/BARRA Growth Index. This index consists of those companies with the highest price-to-book ratios within the S&P 500 Index.  
Fund Details  
Expense Ratio: 0.18%
Ticker Symbol:  IVW
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IVW
Intraday Value: NJG
Net Asset Value: NAX
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  FIH
Shares Outstanding: OMR
Dividend Equivalent Payment per Creation Unit: YNM
Cash Components per Creation Unit: BAH
Annual Performance
2000
IWW -16.12%
Expense Ratio 0.18%
Net Variance (Fund vs. Index) 0.09%
S&P 500/BARRA Growth Index -16.03%
Capital Gains and Income Distributions History
2000
Ord. Income $0.16
Short Term Cap. Gains $0.11
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.27

iShares S&P 500 Index Fund
(Symbol: IVV) 		 Inception: 5/19/00
Fund Description
The iShares S&P 500 Index Fund is an exchange-traded fund that seeks investment results that correspond to the performance of U.S. large-cap stocks, as represented by the S&P 500 Index.  The Index includes approximately 77% of the market capitalization of all publicly traded U.S. equity securities.  
Fund Details  
Expense Ratio: 0.09%
Ticker Symbol:  IVV
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IVV
Intraday Value: NNV
Net Asset Value: NES
Accrued Dividend Amount:
Last Quarterly Dividend Amount:  FLU
Shares Outstanding: OWF
Dividend Equivalent Payment per Creation Unit: OCH
Cash Components per Creation Unit: UAA
Annual Performance
2000
IVV -8.48%
Expense Ratio 0.09%
Net Variance (Fund vs. Index) 0.06%
S&P 500 Index -8.45%
Capital Gains and Income Distributions History
2000
Ord. Income $0.77
Short Term Cap. Gains $0.07
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.84

iShares MSCI Taiwan (Symbol: EWT) Inception: 6/23/00
(formerly known as WEBS)
Fund Description
The iShares MSCI Taiwan Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Taiwan market, as measured by the MSCI Taiwan Index.  
Fund Details  
Expense Ratio: 0.99%
Ticker Symbol:  EWT
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWT
Intraday Value: WWM
Shares Outstanding: SJF
Annual Performance
2000
EWT  NA
Expense Ratio
Net Variance (Fund vs. Index)
MSCI Taiwan Index -44.90%
Capital Gains and Income Distributions History
Ord. Income $0.32
Short Term Cap. Gains $0.10
Long Term Cap. Gains $0.00
Return of Capital $0.44
Total $0.86

iShares MSCI U.S.A. (Symbol: EZA) Inception: 
(formerly known as WEBS)
Fund Description
The iShares MSCI U.S.A. Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the  U.S. market, as measured by the MSCI U.S.A. Index.  
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EZA
Trading Increment: 1/16th ($0.0625)
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes: 
Intraday Value:
Shares Outstanding:
Annual Performance
EZA
Expense Ratio
Net Variance (Fund vs. Index)
MSCI U.S.A. Index
Capital Gains and Income Distributions History
Ord. Income
Cap. Gains
Total

iShares MSCI South Africa (Symbol: EWR)  Inception:
(formerly known as WEBS) 
Fund Description  
The iShares MSCI South Africa Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregatein the South Africa market, as measured by the MSCI South Africa Index
Fund Details
Expense Ratio: 0.99%
Ticker Symbol:  EWR
Trading Increment:  1/16th ($0.0625)
Min Trade Size: 1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor:  SEI Investments Distribution Co.
Custodian: Chase Bank
   
Information Ticker Symbols
Trading Symbol and Quotes:  EWR
Intraday Value:  
Shares Outstanding:  
Annual Performance  
EWR
Expense Ratio
Net Variance (Fund vs. Index)
MSCI South Africa Index
Capital Gains and Income Distributions History  
Ord. Income
Cap. Gains
Total  

iShares MSCI United Kingdom (Symbol: EWU) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI United Kingdom Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the United Kingdom market, as measured by the MSCI United Kingdom Index.  
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EWU
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWU
Intraday Value: INU
Shares Outstanding: UKS
Annual Performance    
1997 1998 1999 2000
EWU 20.85% 18.42% 12.14%  -11.75%
Expense Ratio 1.38% 1.03% 0.97% 0.84%
Net Variance (Fund vs. Index) -0.39% 1.65% 0.66% 0.62%
MSCI United Kingdoms Index 22.62% 17.80% 12.45% -11.53%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.33 $0.35 $0.33 $0.26
Short Term Cap. Gains $0.00 $0.02 $0.03 $0.09
Long Term Cap. Gains $0.17 $0.16 $0.92 $0.54
Return of Capital $0.10 $0.07 $0.09 $0.05
Total $0.60 $0.60 $1.37 $0.94

iShares MSCI Brazil (Symbol: EWZ) Inception: 7/14/00
(formerly known as WEBS)
Fund Description
The iShares MSCI Brazil (Free) Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Brazilian market, as measured by the MSCI Brazil (Free) Index.  
Fund Details  
Expense Ratio: 0.99%
Ticker Symbol:  EWZ
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWZ
Intraday Value: WWC
Shares Outstanding: SKH
Annual Performance
2000
EWZ  NA
Expense Ratio
Net Variance (Fund vs. Index)
MSCI Brazil Index -11.37%
Capital Gains and Income Distributions History
Ord. Income $0.02
Short Term Cap. Gains $0.34
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.36

iShares MSCI Italy (Symbol: EWI) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Italy Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Italian market, as measured by the  Index.   
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EWI
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes: EWI
Intraday Value: INE
Shares Outstanding: SIT
Annual Performance    
1997 1998 1999 2000
EWI 35.77% 50.24% 0.53%  -1.17%
Expense Ratio 1.33% 1.02% 1.03% 0.84%
Net Variance (Fund vs. Index) 1.62% -1.26% 1.82% 1.00%
MSCI Italy Index 35.48% 52.52% -0.26% -1.33%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.38 $1.17 $0.07 $0.11
Short Term Cap. Gains $0.00 $0.18 $0.12 $0.00
Long Term Cap. Gains $0.00 $0.98 $1.64 $1.80
Return of Capital $0.00 $0.00 $0.26 $0.32
Total $0.38 $2.33 $2.09 $2.23

iShares MSCI Netherlands(Symbol: EWN) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Netherlands Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Netherlands market, as measured by the MSCI Netherlands Index.   
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EWN
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWN
Intraday Value: INN
Shares Outstanding: NTS
Annual Performance    
1997 1998 1999 2000
EWN 20.11% 24.09% 4.54%  -7.08%
Expense Ratio 1.46% 1.12% 1.07% 0.84%
Net Variance (Fund vs. Index) -2.20% 1.98% -1.27% -2.87%
MSCI Netherlands Index 23.77% 23.23% 6.88% -4.09%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.10 $0.21 $0.39 $0.08
Short Term Cap. Gains $0.04 $0.00 $0.18 $0.00
Long Term Cap. Gains $0.81 $1.69 $1.12 $0.11
Return of Capital $0.02 $0.07 $0.08 $0.04
Total $0.97 $1.97 $1.77 $0.23

iShares MSCI Switzerland (Symbol: EWL) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Switzerland Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Switzerland market, as measured by the MSCI Switzerland Index.   
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EWL
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWL
Intraday Value: INL
Shares Outstanding: QSW
Annual Performance    
1997 1998 1999 2000
EWL 35.23% 18.27% -3.25%  -5.87%
Expense Ratio 1.52% 1.15% 1.09% 0.84%
Net Variance (Fund vs. Index) -7.50% -4.11% 4.86% 0.82%
MSCI Switzerland Index 44.25% 23.53% -7.02% -5.85%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.00 $0.01 $0.07 $0.04
Short Term Cap. Gains $0.10 $0.29 $0.14 $0.10
Long Term Cap. Gains $0.47 $0.93 $0.18 $0.01
Return of Capital $0.00 $0.03 $0.01 $0.01
Total $0.57 $1.26 $0.40 $0.16

iShares MSCI Sweeden (Symbol: EWD) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Sweden Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Sweden market, as measured by the MSCI Sweden Index.   
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EWD
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWD
Intraday Value: WBQ
Shares Outstanding: SWE
Annual Performance    
1997 1998 1999 2000
EWD 11.00% 11.06% 63.93%  -23.74%
Expense Ratio 1.64% 1.17% 1.13% 0.84%
Net Variance (Fund vs. Index) -0.28% -1.73% -14.68% -1.61%
MSCI Sweeden Index 12.92% 13.96% 79.74% -21.29%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.00 $0.09 $0.10 $0.14
Short Term Cap. Gains $0.18 $0.01 $0.00 $0.53
Long Term Cap. Gains $0.62 $0.89 $1.58 $4.69
Return of Capital $0.00 $0.02 $0.01 $0.04
Total $0.80 $1.01 $1.69 $5.40

iShares MSCI Spain (Symbol: EWP) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Spain Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Spain market, as measured by the MSCI Spain Index.  
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EWP
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWP
Intraday Value: INP
Shares Outstanding: QSN
Annual Performance    
1997 1998 1999 2000
EWP 23.90% 51.30% -2.12%  -13.62%
Expense Ratio 1.67% 1.11% 1.04% 0.84%
Net Variance (Fund vs. Index) 0.16% 2.51% -5.91% 3.08%
MSCI Spain Index 25.41% 49.90% 4.83% -15.86%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.17 $0.13 $0.09 $0.14
Short Term Cap. Gains $0.32 $0.07 $0.07 $0.00
Long Term Cap. Gains $0.53 $0.86 $0.89 $0.80
Return of Capital $0.09 $0.06 $0.04 $0.01
Total $1.11 $1.12 $1.09 $0.95

iShares MSCI Mexico (Symbol: EWW) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Mexico Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Mexico market, as measured by the MSCI Mexico Index.   
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EWW
Trading Increment: $0.00
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWW
Intraday Value: INW
Shares Outstanding: QMX
Annual Performance    
1997 1998 1999 2000
EWW 48.43% -35.00% 76.12%  -23.21%
Expense Ratio 1.63% 1.34% 1.26% 0.84%
Net Variance (Fund vs. Index) -3.76% -4.17% -2.69% -1.88%
MSCI Mexico Index 53.92% -29.49% 80.07% -20.49%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.03 $0.12 $0.03 $0.00
Short Term Cap. Gains $0.31 $0.00 $0.0 $0.09
Long Term Cap. Gains $0.13 $0.30 $0.00 $0.36
Return of Capital $0.05 $0.00 $0.06 $0.00
Total $0.51 $0.42 $0.09 $0.45

iShares MSCI Singapore (Free) (Symbol: EWS) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Singapore (Free) Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Singapore market, as measured by the MSCI Singapore (Free) Index.  
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EWS
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed: Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWS
Intraday Value: INR
Shares Outstanding: QSG
Annual Performance    
1997 1998 1999 2000
EWS -43.87% -5.44% 55.35%  -26.34%
Expense Ratio 1.43% 1.08% 0.97% 0.84%
Net Variance (Fund vs. Index) -1.98% -0.77% -3.85% 2.22%
MSCI Singapore (Free) Index -40.46% -3.59% 60.17% -27.72%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.01 $0.11 $0.14 $0.07
Short Term Cap. Gains $0.02 $0.00 $0.00 $0.20
Long Term Cap. Gains $0.00 $0.00 $0.00 $0.20
Return of Capital $0.02 $0.01 $0.01 $0.02
Total $0.05 $0.12 $0.15 $0.29

iShares MSCI Hong Kong (Symbol: EWH) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Hong Kong Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Hong Kong market, as measured by the MSCI Hong Kong Index.  
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EWH
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWH
Intraday Value: INH
Shares Outstanding: SHK
Annual Performance    
1997 1998 1999 2000
EWH -26.74% -9.21% 54.00%  -14.47%
Expense Ratio 1.43% 1.09% 1.01% 0.84%
Net Variance (Fund vs. Index) -2.02% -5.20% -4.51% 1.22%
MSCI Hong Kong Index -23.29% -2.92% 59.52% -14.74%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.21 $0.29 $0.38 $0.25
Short Term Cap. Gains $0.15 $0.00 $0.00 $0.00
Long Term Cap. Gains $0.19 $0.00 $0.00 $0.00
Return of Capital $0.14 $0.12 $0.00 $0.03
Total $0.69 $0.41 $0.38 $0.28

iShares MSCI Japan (Symbol: EWJ) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Japan Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Japan market, as measured by the MSCI Japan Index.  
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EWJ
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWJ
Intraday Value: INJ
Shares Outstanding: SJA
Annual Performance    
1997 1998 1999 2000
EWJ -23.63% 3.53% 57.89%  -28.57%
Expense Ratio 1.19% 1.04% 0.94% 0.84%
Net Variance (Fund vs. Index) 1.23% -0.48% -2.70% 0.43%
MSCI Japan Index -23.67% 5.05% 61.53% -28.16%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.00 $0.00 $0.05 $0.00
Short Term Cap. Gains $0.00 $0.00 $0.00 $0.03
Long Term Cap. Gains $0.01 $0.00 $0.11 $0.39
Return of Capital $0.00 $0.01 $0.01 $0.03
Total $0.01 $0.01 $0.17 $0.45

iShares MSCI Malaysia (Symbol: EWM) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Malaysia Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Malaysia market, as measured by the MSCI Malaysia Index.  
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EWM
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWM
Intraday Value: INM
Shares Outstanding: SMY
Annual Performance    
1997 1998 1999 2000
EWM -66.93% -29.31% 92.98%  -16.09%
Expense Ratio 1.46% 1.09% 1.43% 0.84%
Net Variance (Fund vs. Index) 2.64% 1.27% -19.92% 0.70%
MSCI Malaysia Index -68.11% -29.49% 114.33% -15.95%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.03 $0.04 $0.00 $0.07
Short Term Cap. Gains $0.00 $0.00 $0.00 $0.00
Long Term Cap. Gains $0.00 $0.00 $0.00 $0.00
Return of Capital $0.02 $0.20 $0.02 $0.00
Total $0.05 $0.24 $0.02 $0.07

iShares MSCI Germany (Symbol: EWG) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Germany Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the German market, as measured by the MSCI Germany Index.   
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EWG
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWG
Intraday Value: WDG
Shares Outstanding: QGE
Annual Performance    
1997 1998 1999 2000
EWG 22.75% 28.28% 20.87%  -15.97%
Expense Ratio 1.37% 1.08% 1.00% 0.84%
Net Variance (Fund vs. Index) -0.45% -0.07% 1.83% 0.46%
MSCI Germany Index 24.57% 29.43% 20.04% -15.59%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.04 $0.18 $0.11 $0.16
Short Term Cap. Gains $0.07 $0.01 $0.00 $1.03
Long Term Cap. Gains $0.00 $0.04 $0.35 $1.29
Return of Capital $0.02 $0.08 $0.01 $0.04
Total $0.13 $0.27 $0.47 $2.52

iShares MSCI France (Symbol: EWQ) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI France Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the France market, as measured by the MSCI France Index.  
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EWQ
Trading Increment: 1/16th ($0.0625)
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWQ
Intraday Value: WBF
Shares Outstanding: SXF
Annual Performance    
1997 1998 1999 2000
EWQ 11.47% 40.78% 29.97% -5.09%
Expense Ratio 1.52% 1.18% 1.06% 0.84%
Net Variance (Fund vs. Index) 1.05% 0.42% 1.76% 0.06%
MSCI France Index 11.94% 41.54% 29.27% -4.31%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.15 $0.21 $0.12 $0.11
Short Term Cap. Gains $0.23 $0.12 $0.61 $0.21
Long Term Cap. Gains $0.03 $0.11 $0.59 $0.89
Return of Capital $0.00 $0.07 $0.08 $0.03
Total $0.41 $0.51 $1.40 $1.24

iShares MSCI Canada (Symbol: EWC) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Canada Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Canadian market, as measured by the MSCI Canada Index.
Fund Details  
Expense Ratio:  0.84%
Ticker Symbol:  EWC 
Trading Increment:  $0.01 
Min Trade Size: 1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt 
Options Traded:  No
Advisor:  Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor:  SEI Investments Distribution Co.
Custodian: Chase Bank 
Information Ticker Symbols
Trading Symbol and Quotes:  EWC
Intraday Value: WPB
Shares Outstanding: QCM
Annual Performance    
1997 1998 1999 2000
EWC 10.91% -6.47% 46.13%  5.24%
Expense Ratio 1.35% 1.14% 1.23% 0.84%
Net Variance (Fund vs. Index) -0.54% 0.81% -6.38% 0.74%
MSCI Canada Index 12.80% -6.14% 53.74% 5.34%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.03 $0.15 $0.08 $0.55
Short Term Cap. Gains $0.14 $0.00 $0.02 $0.62
Long Term Cap. Gains $0.07 $0.55 $0.48 $4.07
Return of Capital $0.00 $0.00 $0.00 $0.12
Total $0.24 $0.70 $0.57 $5.35

iShares MSCI Belgium (Symbol: EWK) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Belgium Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Belgium market, as measured by the MSCI Belgium Index.  
Fund Details  
Expense Ratio:  0.84%
Ticker Symbol:  EWK
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator:  PFPC Inc.
Distributor:  SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes: EWK
Intraday Value: INK
Shares Outstanding: BES
Annual Performance    
1997 1998 1999 2000
EWK 11.84% 51.69% -14.05%  -16.34%
Expense Ratio 1.24% 1.04% 1.24% 0.84%
Net Variance (Fund vs. Index) -0.47% -15.02% 1.45% 1.35%
MSCI Belgium Index 13.55% 67.75% -14.26% -16.85%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.60 $1.49 $0.01 $0.40
Short Term Cap. Gains $0.07 $1.03 $0.29 $0.00
Long Term Cap. Gains $0.04 $0.96 $0.89 $0.00
Return of Capital $0.01 $0.10 $0.92 $0.00
Total $0.72 $3.58 $2.11 $0.40

iShares MSCI Austria (Symbol: EWO) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Austria Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Austrian market, as measured by the MSCI Austria Index.  
Fund Details  
Expense Ratio:  0.84%
Ticker Symbol:  EW0
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator:  PFPC Inc.
Distributor:  SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes: EWO
Intraday Value: INY
Shares Outstanding: QAU
Annual Performance
1997 1998 1999 2000
EWO  1.05% -1.83% -10.36%  -10.57%
Expense Ratio 1.41% 1.68% 1.31% 0.84%
Net Variance (Fund vs. Index) 4.03% -0.20% -0.06% 2.23%
MSCI Austria Index -1.57% 0.35% -9.11% -11.96%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.02 $0.06 $0.08 $0.05
Short Term Cap. Gains $0.61 $0.11 $0.00 $0.00
Long Term Cap. Gains $0.00 $0.50 $0.00 $0.00
Return of Capital $0.00 $0.00 $0.02 $0.00
Total $0.63 $0.67 $0.10 $0.05

iShares MSCI Australia (Symbol: EWA) Inception: 3/18/96
(formerly known as WEBS)
Fund Description
The iShares MSCI Australia Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Australian market, as measured by the MSCI Australia Index.  
Fund Details  
Expense Ratio:  0.84%
Ticker Symbol:  EWA
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator:  PFPC Inc.
Distributor:  SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes: EWA
Intraday Value: WBJ
Shares Outstanding: QAW
Annual Performance    
1997 1998 1999 2000
EWA -10.19% 2.18% 19.24%  -11.82%
Expense Ratio 1.33% 1.05% 1.00% 0.84%
Net Variance (Fund vs. Index) 1.58% -2.84% 2.68% -1.03%
MSCI Australia Index -10.44% 6.07% 17.62% -9.95%
Capital Gains and Income Distributions History
1997 1998 1999 2000
Ord. Income $0.15 $0.18 $0.19 $0.24
Short Term Cap. Gains $0.00 $0.00 $0.00 $0.00
Long Term Cap. Gains $0.05 $0.00 $0.00 $0.00
Return of Capital $0.20 $0.00 $0.06 $0.03
Total $0.40 $0.18 $0.25 $0.27

The Utilities Select Sector SPDR Fund
(Symbol: XLU) 		 Inception: 12/22/98
Fund Description
The Utilities Select Sector SPDR Fund is an exchange-traded fund designed to replicate the price performance and yield of a specific Select Sector Index. The S&P Utilities Sector contains companies involved in communication services, electrical power, and natural gas distribution. There are nine Select Sector SPDR Funds and collectively represents all of the companies in the S&P 500.  
Fund Details  
Expense Ratio: 0.27%
Ticker Symbol:  XLU
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: Yes, American Style
Advisor: State Street Bank &Trust Co.
Sponsor: PDR Services LLC
Distributor: ALPS Mutual Funds Inc.
Information Ticker Symbols  
Trading Symbol and Quotes:  XLU
Underlying Intraday Value: UXV
Net Asset Value: UXN
Net Accrued Dividend: UXD
Index Symbol: IXU
Last Quarterly Dividend Amount:  UZP
Shares Outstanding: UXS
Dividend Equivalent Payment per Creation Unit: UPE
Cash Components per Creation Unit: UXU
Annual Performance    
1999 2000
XLU   -3.35%  21.96%
Expense Ratio 0.65% 0.27%
Net Variance (Fund vs. Index) 3.19% 4.02%
Industrial Select Sector Index -5.89% 18.21%
Capital Gains and Income Distributions History
1998 1999 2000
Ord. Income $0.00 $0.78 $0.91
Short Term Cap. Gains $0.00 $0.18 $0.25
Long Term Cap. Gains $0.00 $0.00 $0.00
Return of Capital $0.00 $0.00 $0.00
Total $0.00 $0.96 $1.16

The Financial Select Sector SPDR Fund
(Symbol: XLF)		 Inception: 12/22/98
Fund Description
The Financial Select Sector SPDR Fund is an exchange-traded fund designed to replicate the price performance and yield of a specific Select Sector Index. The S&P Financial Sector contains companies involved in a wide array of diversified financial service firms ranging from investment management to commercial and investment banking.   There are nine Select Sector SPDR Funds and collectively represents all of the companies in the S&P 500.  
Fund Details  
Expense Ratio: 0.27%
Ticker Symbol:  XLF
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: Yes, American Style
Advisor: State Street Bank &Trust Co.
Sponsor: PDR Services LLC
Distributor: ALPS Mutual Funds Inc.
Information Ticker Symbols  
Trading Symbol and Quotes:  XLF
Underlying Intraday Value: FXV
Net Asset Value: FXN
Net Accrued Dividend: FXD
Index Symbol: IXM
Last Quarterly Dividend Amount: FXP
Shares Outstanding: FXS
Dividend Equivalent Payment per Creation Unit: FPE
Cash Components per Creation Unit: FXU
Annual Performance    
1999 2000
XLF   3.39%  25.42%
Expense Ratio 0.65% 0.27%
Net Variance (Fund vs. Index) 1.87% 2.02%
Financial Select Sector Index 2.17% 23.68%
Capital Gains and Income Distributions History
1998 1999 2000
Ord. Income $0.00 $0.30 $0.36
Short Term Cap. Gains $0.00 $0.00 $0.00
Long Term Cap. Gains $0.00 $0.00 $0.00
Return of Capital $0.00 $0.00 $0.00
Total $0.00 $0.30 $0.36

The Industrial Select Sector SPDR Fund
(Symbol: XLI)		 Inception: 12/22/98
Fund Description
The Industrial Select Sector SPDR Fund is an exchange-traded fund designed to replicate the price performance and yield of a specific Select Sector Index.  The S&P Industrial Sector contains companies involved in electrical equipment, construction equipment, waste management services and industrial machinery products. There are nine Select Sector SPDR Funds and collectively represents all of the companies in the S&P 500.  
Fund Details  
Expense Ratio: 0.28%
Ticker Symbol:  XLI
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: Yes, American Style
Advisor: State Street Bank &Trust Co.
Sponsor: PDR Services LLC
Distributor: ALPS Mutual Funds Inc.
Information Ticker Symbols  
Trading Symbol and Quotes:  XLI
Underlying Intraday Value: TXV
Net Asset Value: IZN
Net Accrued Dividend: IXD
Index Symbol IXI
Last Quarterly Dividend Amount:  IXP
Shares Outstanding: IZS
Dividend Equivalent Payment per Creation Unit: IPE
Cash Components per Creation Unit: IZU
Annual Performance    
1999 2000
XLI   22.93%  6.96%
Expense Ratio 0.65% 0.28%
Net Variance (Fund vs. Index) 1.74% 1.40%
Industrial Select Sector Index 21.84% 5.84%
Capital Gains and Income Distributions History
1998 1999 2000
Ord. Income $0.00 $0.30 $0.33
Short Term Cap. Gains $0.00 $0.08 $0.00
Long Term Cap. Gains $0.00 $0.00 $0.00
Return of Capital $0.00 $0.00 $0.00
Total $0.00 $0.38 $0.33

The Technology Select Sector SPDR Fund
(Symbol: XLK)		 Inception: 12/22/98
Fund Description
The Technology Select Sector SPDR Fund is an exchange-traded fund designed to replicate the price performance and yield of a specific Select Sector Index.  The S&P Technology Sector contains companies involved in products developed by defense manufactures telecommunications equipment, microcomputer components, integrated computer circuits and process monitoring systems. There are nine Select Sector SPDR Funds and collectively represents all of the companies in the S&P 500.  
Fund Details  
Expense Ratio: 0.27%
Ticker Symbol:  XLK
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: Yes, American Style
Advisor: State Street Bank &Trust Co.
Sponsor: PDR Services LLC
Distributor: ALPS Mutual Funds Inc.
Information Ticker Symbols  
Trading Symbol and Quotes:  XLK
Underlying Intraday Value: KXV
Net Asset Value: KXN
Net Accrued Dividend: KXD
Last Quarterly Dividend Amount:  KXP
Shares Outstanding: KXS
Dividend Equivalent Payment per Creation Unit: KPE
Annual Performance    
1999 2000
XLK   66.01%  -42.20%
Expense Ratio 0.65% 0.27%
Net Variance (Fund vs. Index) 0.48% -0.30%
Technology Select Sector Index 66.18% -42.18%
Capital Gains and Income Distributions History
1998 1999 2000
Ord. Income $0.00 $0.00 $0.00
Short Term Cap. Gains $0.00 $0.00 $0.00
Long Term Cap. Gains $0.00 $0.00 $0.00
Return of Capital $0.00 $0.00 $0.00
Total $0.00 $0.00 $0.00

The Energy Select Sector SPDR Fund
(Symbol: XLE)		 Inception: 12/22/98
Fund Description
The Energy Select Sector SPDR Fund is an exchange-traded fund designed to replicate the price performance and yield of a specific Select Sector Index. The S&P Energy Sector contains companies involved in developing and producing crude oil and natural gas, and provide drilling and other energy-related services There are nine Select Sector SPDR Funds and collectively represents all of the companies in the S&P 500.  
Fund Details  
Expense Ratio: 0.28%
Ticker Symbol:  XLE
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: Yes, American Style
Advisor: State Street Bank &Trust Co.
Sponsor: PDR Services LLC
Distributor: ALPS Mutual Funds Inc.
Information Ticker Symbols  
Trading Symbol and Quotes:  XLE
Underlying Intraday Value: EXV
Net Asset Value: EXN
Net Accrued Dividend: EXD
Index Symbol: IXE
Last Quarterly Dividend Amount:  DVB
Shares Outstanding: EXS
Dividend Equivalent Payment per Creation Unit: EPE
Cash Components per Creation Unit: EXU
Annual Performance    
1999 2000
XLE   19.04%  24.35%
Expense Ratio 0.65% 0.28%
Net Variance (Fund vs. Index) 2.61% 2.16%
Energy Select Sector Index 17.08% 22.47%
Capital Gains and Income Distributions History
1998 1999 2000
Ord. Income $0.00 $0.45 $0.48
Short Term Cap. Gains $0.00 $0.00 $0.00
Long Term Cap. Gains $0.00 $0.00 $0.00
Return of Capital $0.00 $0.00 $0.00
Total $0.00 $0.45 $0.48

The Cyclical/Transportation Select Sector SPDR Fund
(Symbol: XLY)		 Inception: 12/22/98
Fund Description
The Cyclical/Transportation Select Sector SPDR Fund is an exchange-traded fund designed to replicate the price performance and yield of a specific Select Sector Index.  The S&P Cyclical/Transportation Sector contains companies involved in building materials, retailing. Apparel, housewares, air transportation, automotive manufacturing, shipping and trucking.  There are nine Select Sector SPDR Funds and collectively represents all of the companies in the S&P 500.  
Fund Details  
Expense Ratio: 0.27%
Ticker Symbol:  XLY
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: Yes, American Style
Advisor: State Street Bank &Trust Co.
Sponsor: PDR Services LLC
Distributor: ALPS Mutual Funds Inc.
Information Ticker Symbols  
Trading Symbol and Quotes:  XLY
Underlying Intraday Value: YXV
Net Asset Value: YXN
Net Accrued Dividend: YXD
Index Symbol: IXY
Last Quarterly Dividend Amount:  XYP
Shares Outstanding: YXS
Dividend Equivalent Payment per Creation Unit: YPE
Cash Components per Creation Unit: YXU
Annual Performance    
1999 2000
XLY   18.40%  -16.59%
Expense Ratio 0.65% 0.27%
Net Variance (Fund vs. Index) 2.61% -0.29%
Cyclical/Transportation Select Sector Index 17.70% -17.16%
Capital Gains and Income Distributions History
1998 1999 2000
Ord. Income $0.00 $0.15 $0.23
Short Term Cap. Gains $0.00 $0.00 $0.00
Long Term Cap. Gains $0.00 $0.00 $0.00
Return of Capital $0.00 $0.00 $0.00
Total $0.00 $0.15 $0.23


 
The Consumer Staples Select Sector SPDR Fund
(Symbol: XLP)		 Inception: 12/22/98
Fund Description
The Consumer Staples Select Sector SPDR Fund is an exchange-traded fund designed to replicate the price performance and yield of a specific Select Sector Index. The S&P Consumer Staples Sector contains companies involved in the development and production of consumer products that cover cosmetic and personal care, pharmaceuticals soft drinks, tobacco, and food products. There are nine Select Sector SPDR Funds and collectively represents all of the companies in the S&P 500.  
Fund Details  
Expense Ratio: 0.27%
Ticker Symbol:  XLP
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: Yes, American Style
Advisor: State Street Bank &Trust Co.
Sponsor: PDR Services LLC
Distributor: ALPS Mutual Funds Inc.
Information Ticker Symbols  
Trading Symbol and Quotes:  XLP
Underlying Trading Value: PXV
Net Asset Value: PXN
Net Accrued Dividend: PZD
Index Symbol: IXR
Last Quarterly Dividend Amount:  PZP
Shares Outstanding: PXS
Dividend Equivalent Payment per Creation Unit: PIV
Cash Components per Creation Unit: PXU
Annual Performance    
1999 2000
XLP   -14.70%  25.75%
Expense Ratio 0.65% 0.27%
Net Variance (Fund vs. Index) 1.40% 1.95%
Consumer StaplesSelect Sector Index -15.45% 24.09%
Capital Gains and Income Distributions History
1998 1999 2000
Ord. Income $0.00 $0.27 $0.30
Short Term Cap. Gains $0.00 $0.00 $0.00
Long Term Cap. Gains $0.00 $0.00 $0.00
Return of Capital $0.00 $0.00 $0.00
Total $0.00 $0.27 $0.30

The Consumer Services Select Sector SPDR Fund
(Symbol: XLV)		 Inception: 12/22/98
Fund Description
The Consumer Services Select Sector SPDR Fund is an exchange-traded fund designed to replicate the price performance and yield of a specific Select Sector Index. The S&P Consumer Services Sector contains companies involved in entertainment, publishing prepared foods, medical services, lodging and gaming. There are nine Select Sector SPDR Funds and collectively represents all of the companies in the S&P 500.  
Fund Details  
Expense Ratio: 0.28%
Ticker Symbol:  XLV
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: Yes, American Style
Advisor: State Street Bank &Trust Co.
Sponsor: PDR Services LLC
Distributor: ALPS Mutual Funds Inc.
Information Ticker Symbols  
Trading Symbol and Quotes:  XLV
Underlying Trading Value: NXV
Net Asset Value: NZN
Net Accrued Dividend: NVD
Index Symbol: IXV
Last Quarterly Dividend Amount:  NZP
Shares Outstanding: CZS
Dividend Equivalent Payment per Creation Unit: NXE
Cash Components per Creation Unit: NXU
Annual Performance
1999 2000
XLV 20.05% -11.57%  
Expense Ratio 0.65% 0.28%
Net Variance (Fund vs. Index) 0.37% 0.27%
Consumer ServicesSelect Sector Index 20.33% -12.12%
Capital Gains and Income Distributions History
1999 2000  
Ord. Income $0.00  $0.05
Short Term Cap. Gains $0.18  $0.01
Long Term Cap. Gains $0.00 $0.00
Return of Capital $0.18  $0.00
Total $0.36  $0.06

The  Basic Industries Select Sector SPDR Fund
(Symbol: XLB)		 Inception: 12/22/98
Fund Description
The Basic Industries Select Sector SPDR Fund is an exchange-traded fund designed to replicate the price performance and yield of a specific Select Sector Index.  The S&P Basic Industries Sector contains companies involved in integrated steel products, chemicals, fibers, paper and gold. There are nine Select Sector SPDR Funds and collectively represents all of the companies in the S&P 500.  
Fund Details  
Expense Ratio: 0.28%
Ticker Symbol:  XLB
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: Yes, American Style
Advisor: State Street Bank &Trust Co.
Sponsor: PDR Services LLC
Distributor: ALPS Mutual Funds Inc.
Information Ticker Symbols  
Trading Symbol and Quotes:  XLB
Underlying Trading Value: BXV
Net Asset Value: BXN
Net Accrued Dividend: BXD
Index Symbol: IXB
Last Quarterly Dividend Amount:  BZP
Shares Outstanding: BZS
Dividend Equivalent Payment per Creation Unit: BXE
Cash Components per Creation Unit: BXU
Annual Performance
1999 2000
XLB 24.17% -15.35%  
Expense Ratio 0.65% 0.28%
Net Variance (Fund vs. Index) 2.04% 1.46%
Basic Industries Select Index 22.78% -17.09%
Capital Gains and Income Distributions History
1999 2000  
Ord. Income $0.34  $0.40
Short Term Cap. Gains $0.06  $0.51
Long Term Cap. Gains $0.00 $0.00
Return of Capital $0.06  $0.00
Total $0.46  $0.91

Standard & Poor’s 500 Depositary Receipts
(Symbol: SPY) 		 Inception: 1/22/93
Fund Description
The SPDR Trust Series I is an unit investment trust that is designed to closely track the price and yield performance of the S&P 500 Index.  
Fund Details  
Expense Ratio: 0.12%
Ticker Symbol:  SPY
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: State Street Bank &Trust Co.
Sponsor: PDR Services LLC
Distributor: ALPS Mutual Funds Inc.
Information Ticker Symbols  
Trading Symbol and Quotes:  SPY
Underlying Trading Value: SXV
Net Asset Value: SXN
Net Accumulated Dividend Amount: SXD
Last Monthly Dividend Amount:  SXP
Shares Outstanding: SXS
Estimated Cash Amount for Creation Unit: SPE
Total Cash Amount per Creation Unit: SPU
Annual Performance    
1993 1994 1995 1996 1997 1998 1999 2000
SPY 8.92% 1.16% 37.22% 22.70% 33.06% 28.35% 20.86%  -9.14%
Expense Ratio 0.20% 0.20% 0.20% 0.20% 0.19% 0.18% 0.18% 0.12%
Net Variance (Fund vs. Index) -0.68% 0.04% -0.16% -0.06% -0.11% -0.04% 0.00% 0.27%
S&P 500 9.17% 1.32% 37.58% 22.96% 33.36% 28.58% 21.04% -9.11%
Capital Gains and Income Distributions History
1993 1994 1995 1996 1997 1998 1999 2000
Ord. Income $1.13 $1.13 $1.30 $1.38 $1.38 $1.42 $1.44 $1.51
Short Term Cap. Gains $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Long Term Cap. Gains $0.00 $0.00 $0.00 $0.09 $0.00 $0.00 $0.00 $0.00
Return of Capital $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total $1.13 $1.13 $1.30 $1.47 $1.38 $1.42 $1.44 $1.51

Standard & Poor’s MidCap 400 Depositary Receipts
(Symbol: MDY) 		 Inception: 05/04/95
Fund Description
The MidCap SPDR Trust Series I is an unit investment trust that is designed to closely track the price and yield performance of the S&P 400 Index.  
Fund Details  
Expense Ratio: 0.25%
Ticker Symbol:  MDY
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: Yes, American Style
Trustee: Bank of New York
Sponsor: PDR Services LLC
Distributor: ALPS Mutual Funds Inc.
Information Ticker Symbols  
Trading Symbol and Quotes:  MDY
Underlying Trading Value: MXV
Net Asset Value: MXN
Net Accumulated  Dividend Amount: MXD
Last Quarterly Dividend Amount: MZP
Shares Outstanding: MZS
Estimated Cash Amount for Creation Units: MPE
Total Cash Amount per Creation Unit: MXU
Annual Performance    
1995 1996 1997 1998 1999 2000
MDY 18.14% 18.63% 31.92% 18.53% 14.30%  17.08%
Expense Ratio 0.26% 0.29% 0.29% 0.30% 0.25% 0.25%
Net Variance (Fund vs. Index) -0.25% -0.28% -0.04% -0.29% -0.17% -0.18%
S&P 400 18.65% 19.20% 32.25% 19.12% 14.72% 17.51%
Capital Gains and Income Distributions History
1995 1996 1997 1998 1999 2000
Ord. Income $0.42 $0.64 $0.61 $0.60 $0.71 $0.78
Short Term Cap. Gains $0.18 $0.87 $0.32 $0.61 $1.63 $0.00
Long Term Cap. Gains $0.00 $0.01 $0.17 $0.87 $0.37 $0.00
Return of Capital $0.00 $0.00 $0.01 $0.02 $0.00 $0.00
Total $0.60 $1.52 $1.11 $2.10 $2.71 $0.78

The Dow Industrials 1/20/98
(Symbol: DIA)
Fund Description
The DIAMONDS is an unit investment trust that is designed to replicate the price performance and yield of  the Dow Jones Industrial Average.  
Fund Details  
Expense Ratio: 0.18%
Ticker Symbol:  DIA
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: State Street Bank &Trust Co.
Administrator: PDR Services LLC
Distributor: ALPS Mutual Funds Inc.
Information Ticker Symbols  
Trading Symbol and Quotes:  DIA
Underlying Trading Value: DXV
Net Asset Value: DXN
Net Accumulated  Dividend Amount:  DJD
Last Monthly Dividend Amount: DXP
Shares Outstanding: DXS
Estimated Cash Amount for Creation Unit:  DPE
Total Cash Amount for Creation Unit: DXU
Annual Performance    
1998 1999 2000
DIA   18.39% 26.95% -4.85%
Expense Ratio 0.18% 0.18% 0.18%
Net Variance (Fund vs. Index) 1.95% 1.95% 2.13%
DJIA 16.62% 25.18% -7.36%
Capital Gains and Income Distributions History
1998 1999 2000
Ord. Income $1.35 $1.73 $1.57
Short Term Cap. Gains $0.00 $0.00 $0.00
Long Term Cap. Gains $0.00 $0.00 $0.00
Return of Capital $0.00 $0.00 $0.00
Cap. Gains $0.00 $0.00 $0.00
Total $1.35 $1.73 $1.57

Nasdaq-100 Index Tracking Stock 3/10/99
(Symbol: QQQ)
Fund Description
The Nasdaq-100 Trust Series I is an unit investment trust that is designed to closely track the price and yield performance of the Nasdaq-100 Index.  
Fund Details  
Expense Ratio: 0.18%
Ticker Symbol:  QQQ
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: Yes, American Style
Trustee: Bank of New York 
Sponsor: Nasdaq-Amex Investment Product Services Inc. ("NAIPS")
Distributor: ALPS Mutual Funds Inc.
Information Ticker Symbols  
Trading Symbol and Quotes:  QQQ
Underlying Trading Value: QXV
Net Asset Value: NDX
Net Accumulated  Dividend Amount:  QND
Last Quarterly  Dividend Amount: QFQ
Shares Outstanding: QOD
Estimated Cash Amount for Creation Unit:  QEC
Total Cash Amount for Creation Unit: QCU
Annual Performance    
1999 2000
QQQ   81.71% -36.94%
Expense Ratio 0.18% 0.18%
Net Variance (Fund vs. Index) 0.00% 0.18%
Nasdaq-100 Index 81.89% -36.84%
Capital Gains and Income Distributions History
1999 2000
Ord. Income $1.00 $0.00
Short Term Cap. Gains $0.00 $0.00
Long Term Cap. Gains $0.00 $0.00
Return of Capital $0.00 $0.00
Total $0.00 $0.00

iShares MSCI South Korea (Symbol: EWY) Inception: 5/12/00
(formerly known as WEBS)
Fund Description
The iShares MSCI South Korea Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the South Korea market, as measured by the MSCI South Korea Index.  
Fund Details  
Expense Ratio: 0.99%
Ticker Symbol:  EWY
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EWY
Underlying Trading Value: WWK
Shares Outstanding: SXK
Annual Performance
2000
EWY  NA
Expense Ratio
Net Variance (Fund vs. Index)
MSCI South Korea Index -49.62%
Capital Gains and Income Distributions History
Ord. Income $0.07
Short Term Cap. Gains $0.00
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.07

iShares S&P 100 Index Fund 9/29/00
(Symbol: OEF) 
Fund Description
The iShares S&P 100 Index Fund is an exchange-traded fund that seeks investment results that correspond to the performance of U.S. large-cap stocks, as represented by the S&P 100 Index.  
Fund Details  
Expense Ratio: 0.20%
Ticker Symbol: OEF
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor (BGI)
Administrator: Investors Bank & Trust Co. (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  OEF
Underlying Trading Value: OEV
Net Asset Value: OEL
Accrued Dividends:  OEA
Last Divindend Amount: OEG
Shares Outstanding: OES
Estimated Cash Amount for Creation Unit:  OEP
Total Cash Amount for Creation Unit: OEK
Annual Performance    
OEF    
Expense Ratio
Net Variance (Fund vs. Index)  
S & P 100 Index    
Capital Gains and Income Distributions History
Ord. Income  
Short Term Cap. Gains    
Long Term Cap. Gains
Return of Capital
Total    

iShares S&P Global 100 Index Fund 2/21/01
(Symbol: IOO) 
Fund Description
The iShares S&P Global100 Index Fund is an exchange-traded fund that seeks investment results that correspond to the performance of  large-cap stocks, as represented by the S&P Global 100 Index.  
Fund Details  
Expense Ratio: 0.40%
Ticker Symbol:  IOO
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor (BGI)
Administrator: Investors Bank & Trust Co. (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IOO
Underlying Trading Value: OON
Net Asset Value: OOV
Accrued Dividends:  OOD
Last Divindend Amount: OOP
Shares Outstanding: OOS
Estimated Cash Amount for Creation Unit:  OOE
Total Cash Amount for Creation Unit: OOU
Annual Performance    
IOO    
Expense Ratio
Net Variance (Fund vs. Index)  
S & P Global 100 Index    
Capital Gains and Income Distributions History
Ord. Income  
Short Term Cap. Gains
Long Term Cap. Gains
Return of Capital    
Total    

iShares MSCI EMU (Symbol: EZU Inception: 7/14/00
(formerly known as WEBS)
Fund Description
The iShares MSCI EMU Index Series (the "Series") is an exchange-traded fund designed to closely track the price and yield performance of publicly traded securities in the aggregate in the Australian market, as measured by the MSCI EMU Index.  
Fund Details  
Expense Ratio: 0.84%
Ticker Symbol:  EZU
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: PFPC Inc.
Distributor: SEI Investments Distribution Co.
Custodian: Chase Bank
Information Ticker Symbols  
Trading Symbol and Quotes:  EZU
Intraday Value: WWE
Shares Outstanding: SJE
Annual Performance
2000
EZU  NA
Expense Ratio
Net Variance (Fund vs. Index)
MSCI EMU Index -8.72%
Capital Gains and Income Distributions History
Ord. Income $0.01
Short Term Cap. Gains $0.00
Long Term Cap. Gains $0.00
Return of Capital $0.00
Total $0.01

iShares Nasdaq Biotechnology Index Fund 2/9/01
(Symbol: IBB) 
Fund Description
The iShares Nasdaq Biotechnology Index Fund is an exchange-traded fund that seeks investment results that correspond to the performance of  stocks, as represented by the Nasdaq Biotechnology Index.  
Fund Details  
Expense Ratio: 0.35%
Ticker Symbol:  IBB
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor (BGI)
Administrator: Investors Bank & Trust Co. (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IBB
Underlying Trading Value: IBF
Net Asset Value: IBF.NV
Shares Outstanding: IBF.FL
Estimated Cash Amount for Creation Unit:  IBF.EU
Total Cash Amount for Creation Unit: IBF.TC
Annual Performance    
IBB    
Expense Ratio
Net Variance (Fund vs. Index)  
Nasdaq Biotechnology Index    
Capital Gains and Income Distributions History
Ord. Income  
Short Term Cap. Gains
Long Term Cap. Gains
Return of Capital    
Totals    

iShares Cohen & Steers Realty Majors Index Fund 2/2/01
(Symbol: ICF) 
Fund Description
The iShares Cohen & Steers Realty Majors Index Fund is an exchange-traded fund that seeks investment results that correspond to the performance of these stocks, as represented by the Cohen & Steers Realty Majors Index.  
Fund Details  
Expense Ratio: 0.50%
Ticker Symbol:  ICF
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor (BGI)
Administrator: Investors Bank & Trust Co. (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  ICF
Underlying Trading Value: ICG
Net Asset Value: ICG.NV
Accrued Dividends: ICG.DV
Last Divindend Amount: ICG.DP
Shares Outstanding: ICG.SO
Estimated Cash Amount for Creation Unit:  ICG.EU
Total Cash Amount for Creation Unit: ICG.TC
Annual Performance    
ICF    
Expense Ratio
Net Variance (Fund vs. Index)  
Cohen & Steers Realty Majors Index Fund    
Capital Gains and Income Distributions History
Ord. Income  
Short Term Cap. Gains
Long Term Cap. Gains
Return of Capital    
Totals    

iShares Goldman Sachs Technology Index Fund
(Symbol: IGM)		 Inception: 3/19/01
Fund Description
The iShares Goldman Sachs Technology Index Fund is an exchange-traded fund that seeks investment results that correspond to the performance of U.S. technology stocks, as represented by the Goldman Sachs Technology Index.  
Fund Details  
Expense Ratio: 0.50%
Ticker Symbol:  IGM
Trading Increment: $0.01
Min Trade Size:  1 Share
Marginable:  Yes
Short Selling Allowed:  Yes, uptick exempt
Options Traded: No
Advisor: Barclays Global Fund Advisor
Administrator: Investors Bank & Trust  (IBT)
Distributor: SEI Investments Distribution Co.
Information Ticker Symbols  
Trading Symbol and Quotes:  IGM
Intraday Value: IPM
Net Asset Value: IPM.NV
Shares Outstanding: IPM.SL
Estimated Cash Amount per Creation Unit: IPM.EU
Total Cash Amount per Creation Unit: IPM.TC
Annual Performance    
IGM    
Expense Ratio
Net Variance (Fund vs. Index)  
Goldman Sachs Technology Index    
Capital Gains and Income Distributions History
Ord. Income  
Short Term Cap. Gains
Long Term Cap. Gains
Return of Capital    
Totals