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EXHIBIT 99
PROSPECTUS SUPPLEMENT
(To Prospectus dated May 4, 2000)
[LOGO] HOLDRS Semiconductor
1,000,000,000 Depositary Receipts
Semiconductor HOLDRS(SM) Trust
This prospectus supplement amends and supplements information contained in
the prospectus dated May 4, 2000 relating to the sale of up to 1,000,000,000
depositary receipts by Semiconductor HOLDRS(SM) Trust.
The share amounts specified in the table on page 12 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>
Intel Corporation (/1/) INTC 15 NASDAQ
Texas Instruments, Inc. TXN 22* NYSE
Applied Materials, Inc. AMAT 13 NASDAQ
Micron Technology, Inc. MU 9 NYSE
Analog Devices, Inc. ADI 6 NYSE
Broadcom Corporation BRCM 2 NASDAQ
Xilinx, Inc. XLNX 5 NASDAQ
Maxim Integrated Products, Inc. MXIM 5 NASDAQ
Teradyne, Inc. TER 3 NYSE
Altera Corporation ALTR 3 NASDAQ
LSI Logic Corporation LSI 5 NYSE
Linear Technology Corporation LLTC 5 NASDAQ
KLA-Tencor Corporation KLAC 3 NASDAQ
Atmel Corporation ATML 4 NASDAQ
Vitesse Semiconductor Corporation VTSS 3 NASDAQ
Advanced Micro Devices, Inc. AMD 2 NYSE
National Semiconductor Corporation NSM 3 NYSE
Novellus Systems, Inc. NVLS 2 NASDAQ
Amkor Technology, Inc. AMKR 2 NASDAQ
SanDisk Corporation SNDK 1 NASDAQ
</TABLE>
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* Reflects previous stock split.
(1) Intel Corporation announced a two-for-one stock split on its common stock
payable to stockholders of record as of July 2, 2000, and which will
begin trading on a split-adjusted basis on July 31, 2000. As of July 31,
2000 the share amount of Intel, represented by a round-lot of 100
Semiconductor HOLDRS, will be 30.
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.
