NUMBER
[001]
CAPITAL STOCK


                                   ETF Shares

                   VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP ETF
                                 a Class of the
               VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND
                                 a Series of the
                    VANGUARD INTERNATIONAL EQUITY INDEX FUNDS
                          (A Delaware Statutory Trust)

         THIS CERTIFIES that CEDE & CO. is the holder of the current outstanding
number of Vanguard FTSE All-World ex-US Small-Cap ETF shares issued by the
Vanguard FTSE All-World ex-US Small-Cap Index Fund (the "Fund") shown from time
to time on the records of the Vanguard International Equity Index Funds, a
Delaware statutory trust (the "Trust"), as represented by this certificate of
the Trust, transferable only on the books and records of the Trust by the holder
hereof in person or by duly authorized attorney-in-fact upon surrender of this
Certificate properly endorsed. This Certificate is not valid until countersigned
by the transfer agent of the Trust.

         The registered holder of this Certificate is entitled to all the
rights, interest and privileges of a holder of ETF Shares as provided by the
Amended and Restated Declaration of Trust, the by-laws of the Trust, and the
Vanguard Funds Multiple Class Plan as from time to time amended, which are
incorporated by reference herein.

         This Certificate is executed on behalf of the Trust and the obligations
hereof are not binding upon any of the Trustees, officers or shareholders of the
Trust individually, but are binding only upon the assets and property of the
Fund.

         IN WITNESS WHEREOF, the said Trust has caused this Certificate to be
signed by its duly authorized officer.


Countersigned:                         Dated: __________________

BROWN BROTHERS HARRIMAN & CO           VANGUARD INTERNATIONAL EQUITY INDEX FUNDS

(the Transfer Agent)                   (the Trust)


By:                                    By:
   ------------------------------         ------------------------------
   Authorized Signature                    Thomas J. Higgins
                                           Chief Financial Officer





Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trust or its
transfer agent for registration of transfer, exchange or payment, and any
certificate issued is registered in the name of Cede & Co., or in such other
name as is requested by an authorized representative of DTC (and any payment is
made to Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.