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EXHIBIT 99
PROSPECTUS SUPPLEMENT
(To Prospectus dated April 5, 2000)
[LOGO] BROADBAND HOLDRS(SM)
1,000,000,000 Depositary Receipts
Broadband HOLDRS(SM) Trust
This prospectus supplement amends and supplements information contained in
the prospectus dated April 5, 2000 relating to the sale of up to 1,000,000,000
depositary receipts by Broadband HOLDRS(SM) Trust.
The share amounts specified in the table on page 10 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>
Lucent Technologies, Inc. LU 29 NYSE
Nortel Networks Corporation NT 28* NYSE
Qualcomm, Inc. QCOM 8 NASDAQ
JDS Uniphase Corporation JDSU 8 NASDAQ
Motorola, Inc. MOT 18* NYSE
Corning, Inc. GLW 3 NYSE
Broadcom Corporation BRCM 2 NASDAQ
Sycamore Networks, Inc. SCMR 3 NASDAQ
Tellabs, Inc. TLAB 4 NASDAQ
Terayon Communications Systems, Inc. TERN 2* NASDAQ
Comverse Technology, Inc. CMVT 2 NASDAQ
PMC-Sierra, Inc. PMCS 1 NASDAQ
SDL, Inc. SDLI 1 NASDAQ
Applied Micro Circuits Corporation AMCC 1 NASDAQ
Scientific-Atlanta, Inc. SFA 2 NYSE
Conexant Systems, Inc. CNXT 2 NASDAQ
RF Micro Devices, Inc. RFMD 1 NASDAQ
Ciena Corporation CIEN 1 NASDAQ
Copper Mountain Networks, Inc CMTN 1 NASDAQ
Next Level Communications, Inc. NXTV 1 NASDAQ
</TABLE>
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*Reflects previous stock split.
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.
