Portfolio Update

iShares S&P Glbl Water
02 April 2007

             
iShares S&P Water 50                                                     30-Mar-07
SEDOL               Name                                                WEIGHTING
4031879             Veolia Environnement                                     9.95%
7118047             Suez EUR2.00                                             9.42%
6597067             Mitsubishi Heavy Industries Com NPV                      7.03%
646233              United Utilities Ord GBP1.00                             5.38%
6497509             Kubota Corporation Com NPV                               4.65%
2465760             ITT Corporation Com USD1.00                              4.26%
2250870             Danaher Corp Com USD0.01                                 4.19%
B03Q9G3             Nalco Holding Co USD0.01                                 3.44%
6497963             Kurita Water Industries Com NPV                          3.06%
2681588             Pentair Inc USD0.167                                     3.03%


                      This information is provided by RNS
            The company news service from the London Stock Exchange