EQUITY INVESTOR FUND DEFINED TECH PORT 2000 SER E DEF AS FUN
497, 2000-09-25
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Defined Technology PortfolioSM Series 00E [9/7/00 - Current Offering] | cusip: 29471T246
Fund Overview
As of September 21, 2000
Closing NAV:   0.91811 Previous Close:   0.91811 Change:  0.00000 % Change:  0.00000%
The Objective:
The Portfolio seeks capital appreciation by investing in a selection of technology stocks.

The Strategy:
By applying a Rebalancing Model to the Merrill Lynch 100 Technology IndexSM(ML 100 Index), the Portfolio seeks to outperform the Index by reweighting Index stocks to increase potential return. Each year, Defined Asset Funds intends to apply the Rebalancing Model to the ML 100 Index to create a new Portfolio. You can choose to roll your investment into this new Portfolio, if available, or redeem your investment. Although this is a one-year investment, we recommend you continue with this Strategy for at least three to five years for potentially more consistent results.
Offered By:
This portfolio is offered by Merrill Lynch (TEC00E).
Portfolio Holdings
Dividend information for the securities listed below is available in the prospectus for this Fund.
The offering, redemption and repurchase prices for the Fund take into account expenses and sales charges.
Therefore, you will not be able to calculate these prices (or related performance information)
with the security prices and weightings listed below.
 
As of September 21, 2000
Security Symbol Price % of Portfolio
Juniper Networks, Inc.  JNPR  211.11 2.75
Ariba, Inc.  ARBA  152.31 1.99
QUALCOMM, Inc.  QCOM  71.94 1.85
Palm, Inc.  PALM  53.19 1.76
i2 Technologies, Inc.  ITWO  178.50 1.73
Paychex, Inc.  PAYX  46.50 1.71
Vitesse Semiconductor Corporation  VTSS  86.00 1.70
CIENA Corporation  CIEN  114.25 1.68
Xerox Corporation  XRX  16.31 1.66
E*TRADE Group, Inc.  EGRP  18.88 1.63
Intuit, Inc.  INTU  55.50 1.56
Computer Sciences Corporation  CSC  75.00 1.56
National Semiconductor Corporation  NSM  42.94 1.54
Parametric Technology Corporation  PMTC  11.75 1.49
Gateway, Inc.  GTW  56.80 1.46
ASM Lithography Holding N.V.  ASML  34.19 1.45
First Data Corporation  FDC  40.63 1.44
Novell, Inc.  NOVL  9.72 1.44
Electronic Data Systems Corporation  EDS  44.38 1.44
Compuware Corporation  CPWR  9.06 1.43
Unisys Corporation  UIS  11.38 1.43
Electronic Arts, Inc.  ERTS  47.38 1.43
Micron Technology, Inc.  MU  62.50 1.42
Siebel Systems, Inc.  SEBL  102.75 1.38
Computer Associates International, Inc.  CA  27.00 1.37
BroadVision, Inc.  BVSN  30.13 1.36
Lexmark International Group, Inc.  LXK  54.69 1.35
Amazon.com, Inc.  AMZN  40.06 1.35
VeriSign, Inc.  VRSN  191.19 1.34
At Home Corporation  ATHM  14.81 1.33
BMC Software, Inc.  BMCS  20.25 1.31
Citrix Systems, Inc.  CTXS  19.13 1.29
Sycamore Networks, Inc.  SCMR  113.39 1.29
CMGI, Inc.  CMGI  36.44 1.27
Exodus Communications, Inc.  EXDS  59.38 1.21
Inktomi Corporation  INKT  125.94 1.18
Network Appliance, Inc.  NTAP  136.50 1.14
TIBCO Software, Inc.  TIBX  71.81 1.11
Metromedia Fiber Network, Inc.  MFNX  25.63 1.00
Adobe Systems, Inc.  ADBE  157.00 0.95
VERITAS Software Corporation  VRTS  136.13 0.91
Taiwan Semiconductor Manufacturing Company Limited  TSM  26.75 0.89
Seagate Technology, Inc.  SEG  64.13 0.88
SONY Corporation  SNE  116.25 0.86
Tellabs, Inc.  TLAB  49.38 0.84
PMC-Sierra, Inc.  PMCS  225.69 0.83
LSI Logic Corporation  LSI  36.50 0.82
Automatic Data Processing, Inc.  AUD  62.13 0.81
EMC Corporation  EMC  100.88 0.81
Alcatel  ALA  68.81 0.81
Broadcom Corporation  BRCM  239.50 0.80
Molex, Inc.  MOLX  52.94 0.80
Xilinx, Inc.  XLNX  84.88 0.80
America Online, Inc.  AOL  56.25 0.79
Comverse Technology, Inc.  CMVT  90.81 0.79
Infosys Technologies Limited  INFY  130.50 0.79
Compaq Computer Corporation  CPQ  30.88 0.79
Altera Corporation  ALTR  54.31 0.78
Maxim Integrated Products, Inc.  MXIM  80.31 0.78
Sun Microsystems, Inc.  SUNW  116.44 0.78
Linear Technology Corporation  LLTC  66.31 0.78
Dell Computer Corporation  DELL  37.94 0.78
Motorola, Inc.  MOT  33.00 0.78
Solectron Corporation  SLR  47.06 0.77
Philips Electronics N.V.  PHG  44.31 0.77
Nokia Corporation  NOK  41.44 0.76
Analog Devices, Inc.  ADI  87.56 0.76
Yahoo! Inc.  YHOO  108.13 0.76
International Business Machines Corporation  IBM  126.06 0.76
Apple Computer, Inc.  AAPL  56.69 0.76
Cisco Systems, Inc.  CSCO  61.13 0.76
Intel Corporation  INTC  61.48 0.74
Nextel Communications, Inc.  NXTL  46.94 0.74
Microsoft Corporation  MSFT  64.19 0.73
Texas Instruments, Inc.  TXN  57.31 0.73
ADC Telecommunications, Inc.  ADCT  32.88 0.72
STMicroelectronics N.V.  STM  52.00 0.72
Applied Materials, Inc.  AMAT  73.50 0.72
Oracle Corporation  ORCL  78.94 0.72
JDS Uniphase Corporation  JDSU  103.50 0.70
eBay, Inc.  EBAY  71.19 0.69
Nortel Networks Corporation  NT  65.50 0.68
SAP AG  SAP  54.31 0.67
Hewlett-Packard Company  HWP  99.94 0.67
Telefonaktiebolaget LM Ericsson AB  ERICY  16.42 0.67
KLA-Tencor Corporation  KLAC  49.31 0.66
Lucent Technologies, Inc.  LU  33.56 0.64
Commerce One, Inc.  CMRC  69.00 0.63
Conexant Systems, Inc.  CNXT  47.31 0.62
Terra Networks, S.A.  TRRA  36.31 0.57
Phone.com, Inc.  PHCM  109.75 0.55
Teradyne, Inc.  TER  40.38 0.54
Vignette Corporation  VIGN  31.00 0.53
Portal Software, Inc.  PRSF  42.13 0.51
Foundry Networks, Inc.  FDRY  61.27 0.37
RealNetworks, Inc.  RNWK  40.00 0.35
DoubleClick, Inc.  DCLK  39.94 0.35
Priceline.com, Inc.  PCLN  21.56 0.30
Internap Network Services Corporation  INAP  27.63 0.24
Internet Capital Group, Inc.  ICGE  24.19 0.15
Selection Methodology
The stocks for the Portfolio were selected by applying a quantitative model developed by Bernard V. Tew, Ph.D., Chairman of Q.E.D. Investments. The model was designed to improve returns and control risk in the speculative technology sector. As Portfolio Consultant, Dr. Tew works closely with Defined Asset Funds to implement the following stock selection process:

Define the Universe: We begin by defining the universe of stocks. In this case, we use the ML 100 Technology Index for its diversification within the technology sector, as well as its emphasis on highly capitalized stocks.

Reweight the Index: We then reweight the ML 100 Index, stock by stock. Stocks considered most attractive, those with the best prices relative to potential performance, are weighted most heavily. Stocks with less attractive prices relative to returns are underweighted. This reweighting is designed to enhance potential return.

Construct an Enhanced Portfolio: Stocks in the ML 100 Index are then analyzed by the Portfolio Consultant for historical correlation relationships, to identify stocks whose prices move inversely to one another. These relationships create a portfolio of stocks that complement each other and seeks to reduce volatility.

Rebalance the Portfolio: Because we believe the Model works best over a one-year period, Defined Asset Funds and the Portfolio Consultant plan to construct a new Portfolio each year. The Model will be reapplied to the ML 100 Index to determine the weightings for a new Defined Technology Portfolio.
Fees & Expenses
Defining Your Costs
First-time investors pay an initial sales charge of about 1% when they buy. In addition, all investors pay a deferred sales charge of $15.00 per 1,000 units, about 1.50%.
 
As a % of
Public Offering Price		 Amount Per
1,000 Units
Initial Sales Charge 1.00% $10.00
Deferred Sales Charge 1.50% $15.00
 
Maximum Sales Charge 2.50% $25.00
Creation and Development Fee
(as a % of net assets on date of deposit - 9/7/00)		 0.250% $2.48
Estimated Annual Expenses
(as a % of net assets on date of deposit)		 0.271% $2.68
Estimated Organization Costs  $1.07
 
If you sell your units before termination, the remaining balance of your deferred sales charge will be deducted, along with the estimated costs of selling Portfolio securities, from the proceeds you receive. If you roll over to a successor Portfolio, if available, the initial sales charge on that Portfolio will be waived. You will only pay the deferred sales charge on that Portfolio.
Volume Purchase Discounts
For larger purchases, the overall sales charges are reduced to put more of your investment dollars to work for you.

If You
Invest:		 Your Maximum Sales Charge
(as a % of your investment) Will Be:
Less than $50,000 2.50%
$50,000 to $99,999 2.25%
$100,000 to $249,000 1.75%
$250,000 to $999,999 1.50%
$1,000,000 to $4,999,999 0.75%
$5,000,000 or more 0.35%
Is this Fund appropriate for you?
Yes, if you want capital appreciation. You may benefit from a professionally selected portfolio whose risk is reduced by investing in equity securities of different issuers. Because all of the Portfolio stocks are concentrated in the technology sector, this Portfolio is not designed to be a complete investment program.

The Portfolio is not appropriate for you if you are unwilling to take the additional risk involved with an aggressive growth equity investment. It generally is not appropriate if you are seeking preservation of capital or current income.

Risk Considerations

Please keep in mind the following factors when considering this investment. Your financial professional will be happy to answer any questions you may have.

The Portfolio contains foreign stocks which may involve special risks such as higher price volatility, currency fluctuations and political developments.

The Portfolio consists exclusively of stocks from the technology sector and should not be considered a complete investment program.

The Portfolio does not reflect research opinions or any buy or sell recommendations from the Sponsor.

There can be no assurance that this Portfolio will meet its objective or that it will outperform the ML100 Index.

The Portfolio consists of aggressive growth stocks which are subject to extreme price volatility. Therefore, the Portfolio should be considered speculative.

For more information on risk considerations, see the prospectus for this Fund.

Distributions and Taxes

Distribution Frequency (if any)
One (1) per year

Reinvestment Options
By selecting the reinvestment option, you're choosing to have your distributions used to purchase additional units of the fund (reinvestment). As such, your investment will increase. Taking part in the cycle of reinvestment may compound the returns of your Defined Fund investment.

Tax Reporting
When seeking capital appreciation, managing tax liability on capital gains can be important to your overall return. By holding this Fund for more than one year, individuals may be eligible for favorable federal tax rates on any net long-term capital gains (currently no more than 20%).

Your taxable income is expected to include foreign withholding taxes. However, subject to limitations, you may be able to credit these taxes against your U.S. Federal Income Taxes.

Generally, dividends and any gains will be subject to tax each year, whether or not reinvested. However, on rollovers to future Portfolios, if available, certain investors may defer recognition of gains and losses on stocks that are transferred to the new Portfolio. Please consult your tax advisor concerning state and local taxation.

Trustee
The Bank of New York
Unit Investment Trust Department
PO Box 974
Wall Street Division
New York, New York 10268-0974
1-800-221-7771

Defined Asset Funds® are established as Unit Investment Trusts. By definition, a trust account requires a trustee. The trustee holds the trust securities, ensuring their safekeeping until the trust is terminated. The trustee is also responsible for recordkeeping, for collecting any interest or dividend income and principal payments, and for distributing this money to investors.

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This fund is eligible for purchase through the Unlimited Advantage SM program. Therefore, performance information, fees and expenses will differ from those shown on this site. Please contact your financial professional for details specific to Unlimited Advantage accounts.

 Not all strategies are appropriate at all times. The opinions expressed in this site do not constitute investment advice. Independent advice should be sought in cases of doubt.

For more complete information about any of the funds, including their risks, fees, sales charges and other expenses, please download a prospectus from this site, or obtain one free of charge from your financial professional. The prospectus should be read carefully before you invest or send money.

Not all funds are registered for sale in all states. Ask your financial representative about the availability of specific funds in your state. In addition, the funds described here are not available to investors outside the US. Defined Asset Funds are sold by prospectus only. The prospectus is not an offer to sell or a solicitation of an offer to buy units in the funds, nor shall any such units be offered or sold to any person in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

As a unitholder, you may receive taxable dividends and capital gains. Taxes on these distributions can affect the returns you realize from your investment. The Sponsors do not offer tax advice except to suggest that you consider the impact of taxes and that you may want to consult with your tax advisor before making any investment.

Funds holding international securities can involve different risks than US investments. The risks include political and economic instability, changing currency exchange rates, foreign taxes and differences in financial accounting standards.
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