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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 5, 1999
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
Initial Depositor
(Exact name of registrant as specified in its charter)
Telecom HOLDRS(SM)Trust
(Issuer with respect to the receipts)
DELAWARE
(State or other jurisdiction of incorporation)
333-92163
333-95807
(Commission File Number)
13-5674085
(I.R.S. Employer Identification No.)
250 Vesey Street
New York, New York 10281
(Address of principal executive offices and zip code)
(212) 449-1000
(Registrant's telephone number, including area code)
Page 1 of 5 pages.
The Exhibit Index appears at Page 4.
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Item 5. Other Events
On May 5, 2000, MCI WorldCom, Inc. changed its name to WorldCom, Inc.
On June 30, 2000, Bell Atlantic Corp. and GTE Corp. completed their
merger to create the combined company Verizon Communications, exchanging 1 share
of Verizon common stock for each share of Bell Atlantic common stock and 1.22
shares of Verizon common stock for each share of GTE common stock. As a result,
the share amount of Verizon represented by a round-lot of 100 Telecom HOLDRS is
now 21.76. Verizon began trading on July 3, 2000 on the New York Stock Exchange
under the symbol "VZ."
On October 5, 1999, WorldCom, Inc. announced the planned acquisition
of Sprint Corporation (FON Group) and Sprint Corporation (PCS Group). This
transaction is subject to regulatory approval and customary closing conditions.
On June 30, 2000, Qwest Communications International, Inc. and US
WEST, Inc. completed their merger, exchanging 1.72932 shares of Qwest common
stock for each share of US WEST common stock. As a result, the four shares of US
WEST previously represented in each round-lot of 100 Telecom HOLDRS have been
exchanged for 6.91728 shares of Qwest. The share amount of Qwest represented by
a round-lot of 100 Telecom HOLDRS is now 12.91728.
The share amounts set forth in Exhibit 99 below 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.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
(99) Telecom HOLDRS(SM) Trust Prospectus Supplement dated June
30, 2000 to Prospectus dated January 31, 2000.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MERRILL LYNCH, PIERCE, FENNER &
SMITH INCORPORATED
Date: July 6, 2000 By: /s/ STEPHEN G. BODURTHA
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Name: Stephen G. Bodurtha
Title: Attorney-in-Fact
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EXHIBIT INDEX
Number and Description of Exhibit Sequential
--------------------------------- Page Number
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(99) Telecom HOLDRS(SM) Trust Prospectus Pg. 5
Supplement dated June 30, 2000 to
Prospectus dated January 31, 2000.
