EXHIBIT G

   FORM OF GLOBAL CERTIFICATE FOR THE iSHARES MSCI PACIFIC EX JAPAN INDEX FUND

Unless this Certificate is presented by an authorized representative of The
Depository Trust Company (55 Water Street, New York, New York) to the issuer or
its 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
requested by an authorized representative of The Depository Trust Company (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 since the registered owner
hereof, Cede & Co., has an interest herein.

COMMON STOCK               CUSIP  464286 66 5

CERTIFICATE NO. 01         SEE REVERSE FOR CERTAIN DEFINITIONS


                                  iSHARES, INC.
              INCORPORATED UNDER THE LAWS OF THE STATE OF MARYLAND
                    iSHARES MSCI PACIFIC EX JAPAN INDEX FUND

THIS IS TO CERTIFY THAT

                                   CEDE & CO.

is the owner and registered Holder of the number of fully paid and nonassessable
shares of the common stock, par value $.001 per share ("iShares"), of the
iShares MSCI Pacific Ex Japan Index Fund of iShares, Inc., a Maryland
corporation (the "Corporation"), shown from time to time on the records of the
transfer agent thereof as represented by this Certificate which shall be all of
the outstanding iShares of the iShares MSCI Pacific Ex Japan Index Fund of the
Corporation (other than outstanding iShares held in registered form). This
Certificate and the iShares Represented hereby are issued and shall be held
subject to the provisions of the General Corporation Law of the State of
Maryland and the Articles of Incorporation and By-laws of the Corporation, as
they may be amended from time to time.

THIS CERTIFICATE IS NOT VALID UNLESS MANUALLY COUNTERSIGNED AND REGISTERED BY
THE TRANSFER AGENT AND REGISTRAR.

WITNESS THE FACSIMILE SEAL OF THE CORPORATION AND THE SIGNATURES OF ITS DULY
AUTHORIZED OFFICERS.

Dated:

               ________________________     _______________________
                    SECRETARY                     PRESIDENT

                         TRANSFER AGENT AND REGISTRAR
                                   PFPC Inc.


                      By:_________________________________
                             Authorized Signature


                                  iSHARES, INC.
              INCORPORATED UNDER THE LAWS OF THE STATE OF MARYLAND
                    iSHARES MSCI PACIFIC EX JAPAN INDEX FUND

This Certificate represents all shares of common stock, par value $.001 per
share ("iShares"), of the iShares MSCI Pacific Ex Japan Index Fund of iShares,
Inc. (the "Corporation") recorded from time to time on the books of PFPC Inc.,
as transfer agent (the "Transfer Agent"), located Wilmington, Delaware. The
registered Holder is entitled to all the rights, interests and privileges of a
stockholder as provided in the Articles of Incorporation and By-Laws of the
Corporation, as amended, which are incorporated by reference herein.

This Certificate shall be transferable by Cede & Co. as the registered Holder
hereof by presentation and surrender hereof at the office of the Transfer Agent,
properly endorsed or accompanied by an instrument of transfer, in form
satisfactory to the Transfer Agent, and executed in blank by the registered
Holder hereof or his authorized attorney. Except as otherwise provided in the
Articles of Incorporation, iShares represented hereby may be redeemed by the
Corporation only in aggregations of a specified number of shares (each, a
"Creation Unit") at their net asset value next determined after receipt of a
redemption request in proper form by the Distributor thereof in kind, in cash or
a combination thereof pursuant to Article 5 of the Articles of Incorporation, as
amended in accordance with the requirements thereof, by the registered Holder
when tendered together with an instrument of assignment and transfer duly
endorsed or executed in blank, together with an irrevocable instruction in
writing to redeem the same, and the Corporation will thereafter redeem said
iShares at net asset value next determined after receipt of a redemption request
in proper form by the Distributor, provided that the iShares to be redeemed
represented by this Certificate shall equal one or more Creation Units of
iShares as provided in the Articles of Incorporation, as amended from time to
time.

The Corporation has authority to issue stock of more than one iShares MSCI Index
Fund (each, an "Index Series"). The Corporation will furnish without charge to
the registered Holder hereof a full statement of: (1) the designations and any
preferences, conversion and other rights, voting powers, restrictions,
limitations as to dividends, qualifications, and terms and conditions of
redemption of the stock of each Index Series which the Corporation is authorized
to issue; (2) the differences in the relative rights and preferences between the
iShares of each Index Series which the Corporation is authorized to issue to the
extent such rights and preferences have been set; and (3) the authority of the
Board of Directors to set the relative rights and preferences of subsequent
Index Series.

The registered Holder hereof may be required to pay taxes or other governmental
charges that may be imposed in connection with the transfer, redemption or other
surrender of this Certificate.

The Transfer Agent, notwithstanding any notice to the contrary, may treat the
person in whose name this Certificate is registered upon the books of the
Transfer Agent as the absolute owner hereof for all purposes.

         SEE CURRENT PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
            FOR FURTHER INFORMATION CONCERNING REDEMPTION OF iSHARES

                            _______________________

For value received _______________________ hereby sells, assigns and transfers
unto _________________________________ [________] (please insert Social Security
Number or other identifying number of the Assignee) all iShares of the iShares
MSCI EMU Index Fund of iShares, Inc. represented by the within Certificate, and
does hereby irrevocably constitute and appoint _____________________________
Attorney to transfer the said iShares on the books of the Transfer Agent for
such ___________ with full power of substitution in the premises.


Dated:_________          _____________________________________
                                        (Signature)

SIGNATURE GUARANTEED BY:

NOTICE: The signature to this assignment must correspond with the name as
written upon the face of the within instrument in every particular without
alteration or enlargement or any change whatever.