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Exhibit 99
PROSPECTUS SUPPLEMENT No. 4
(To Prospectus dated September 22, 1999)
[LOGO] INTERNET HOLDRS(SM)
1,000,000,000 Depositary Receipts
Internet HOLDRS(SM) Trust
This prospectus supplement amends and supplements information contained in
the prospectus dated September 22, 1999 relating to the sale of up to
1,000,000,000 depositary receipts by Internet HOLDRS(SM) Trust.
The share amounts specified in the table on page 8 of the base prospectus
shall be replaced with the following:
<TABLE>
<CAPTION>
Primary
Share Trading
Name of Company Ticker Amounts Market
--------------------------- ------ ------- -------
<S> <C> <C> <C>
America Online Inc.(/1/) AOL 42* NYSE
Yahoo Inc. YHOO 26* NASDAQ
Amazon.com Inc. AMZN 18 NASDAQ
eBay Inc. EBAY 12* NASDAQ
At Home Corp. ATHM 17 NASDAQ
Priceline.Com Inc. PCLN 7 NASDAQ
CMGI Inc. CMGI 10* NASDAQ
Inktomi Corporation INKT 6* NASDAQ
RealNetworks, Inc. RNWK 8* NASDAQ
Exodus Communications, Inc. EXDS 16* NASDAQ
E*TRADE Group Inc. EGRP 12 NASDAQ
DoubleClick Inc. DCLK 4* NASDAQ
Ameritrade Holding Corp. AMTD 9 NASDAQ
Lycos, Inc.(/2/) LCOS 4 NASDAQ
CNET Networks, Inc.(/3/) CNET 4 NASDAQ
PSINet, Inc. PSIX 6* NASDAQ
Network Associates, Inc. NETA 7 NASDAQ
EarthLink, Inc.(/4/) ELNK 6.23* NASDAQ
Go2Net, Inc. GNET 1 NASDAQ
</TABLE>
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* Reflects previous stock split or business combination transaction.
(1) On January 10, 2000, America Online, Inc. and Time Warner Inc. entered
into a merger agreement to form the combined company AOL Time Warner Inc.
This transaction is subject to regulatory approval and customary closing
conditions.
(2) On May 16, 2000, Lycos, Inc. and Terra Networks S.A. entered into a
merger agreement to form the combined company Terra Lycos, Inc. This
transaction is subject to regulatory approval and customary closing
conditions.
(3) On February 29, 2000, CNET, Inc. changed its name to CNET Networks, Inc.
(4) On February 4, 2000, EarthLink Network, Inc. and MindSpring Enterprises,
Inc. merged to form the combined company EarthLink, Inc. As a result, the
share amount of EarthLink, Inc. represented by a round-lot of 100 Internet
HOLDRS is now 6.23.
The share amounts listed in the table above reflect all previous stock
splits. The stock prices in the tables set forth in Annex A of the base
prospectus will not be adjusted to account for the stock splits.
The date of this prospectus supplement is June 30, 2000.
