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Exhibit 99
PROSPECTUS SUPPLEMENT
(To Prospectus dated February 24, 2000)
[LOGO] INTERNET INFRASTRUCTURE HOLDRS(SM)
1,000,000,000 Depositary Receipts
Internet Infrastructure HOLDRS(SM) Trust
This prospectus supplement amends and supplements information contained in
the prospectus dated February 24, 2000 relating to the sale of up to
1,000,000,000 depositary receipts by Internet Infrastructure HOLDRS(SM) Trust.
The share amounts specified in the table on page 11 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>
VeriSign, Inc. (/1/) VRSN 6.15* NASDAQ
Exodus Communications, Inc. EXDS 12* NASDAQ
InfoSpace, Inc. (/2/) INSP 8* NASDAQ
Akamai Technologies, Inc. AKAM 3 NASDAQ
BEA Systems, Inc. BEAS 10* NASDAQ
Broadvision, Inc. BVSN 9* NASDAQ
Inktomi Corporation INKT 4 NASDAQ
RealNetworks, Inc. RNWK 6 NASDAQ
Vignette Corporation VIGN 6* NASDAQ
Portal Software, Inc. PRSF 6 NASDAQ
InterNAP Network Services Corporation INAP 5 NASDAQ
Vitria Technology, Inc. VITR 4* NASDAQ
Kana Communications, Inc. KANA 2 NASDAQ
Digital Island, Inc. ISLD 2 NASDAQ
Alteon Websystems, Inc. ATON 2 NASDAQ
Software.com, Inc. SWCM 2 NASDAQ
E.piphany, Inc. EPNY 1 NASDAQ
Navisite, Inc. NAVI 2* NASDAQ
USinternetworking, Inc. USIX 3* NASDAQ
</TABLE>
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* Reflects previous stock split or business combination transaction.
(1) On June 9, 2000, VeriSign, Inc. completed its acquisition of Network
Solutions, Inc., exchanging 1.075 shares of VeriSign common stock for each
share of Network Solutions common stock. As a result, the two shares of
Network Solutions previously represented in each round-lot of 100 Internet
Infrastructure HOLDRS have been exchanged for 2.15 shares of VeriSign. The
share amount of VeriSign represented by a round-lot of 100 Internet
Infrastructure HOLDRS is now 6.15.
(2) Infospace.com, Inc. changed its name to Infospace, Inc.
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.
