424B3 1 f424b3_040203-mkt2000.txt FORM 424(B)(3) FOR MARKET 2000+ HOLDRS FILED PURSUANT TO RULE NO.424(b)(3) PROSPECTUS SUPPLEMENT REGISTRATION NO.333-37980 (To Prospectus dated January 29, 2002) [LOGO OMITTED] 1,000,000,000 Depositary Receipts Market 2000+ HOLDRS (SM) Trust This prospectus supplement supplements information contained in the prospectus dated January 29, 2002 relating to the sale of up to 1,000,000,000 depositary receipts by the Market 2000+ HOLDRS (SM) Trust. The share amounts specified in the table on pages 10 and 11 of the base prospectus shall be replaced with the following: Primary Share Trading Name of Company Ticker Amounts Market ------------------------------------------------------ --------- -------- ------- Agere Systems Inc. Class A AGR.A 0.043117 NYSE Agere Systems Inc. Class B AGR.B 1.058252 NYSE AOL Time Wamer Inc. AOL 6 NYSE American International Group, Inc. AIG 2 NYSE Astrazeneca p.l.c. * AZN 4 NYSE AT&T Corp.(1) T 1.2 NYSE AT&T Wireless Services, Inc. AWE 1.9308 NYSE AVAYA Inc. AV 0.3333 NYSE BellSouth Corporation BLS 5 NYSE BP p.l.c. * BP 3 NYSE Bristol-Myers Squibb Company BMY 3 NYSE BT Group p.l.c. BTY 2 NYSE Cisco Systems, Inc. CSCO 3 NASDAQ Citigroup Inc. C 3 NYSE Comcast Corporation (2) CMCSA 1.941 NASDAQ The Coca-Cola Company KO 3 NYSE Dell Computer Corporation DELL 5 NASDAQ Deutsche Telekom AG * DT 5 NYSE Eli Lilly and Company LLY 2 NYSE EMC Corporation EMC 2 NYSE Exxon Mobil Corporation XOM 4 NYSE France Telecom * FTE 2 NYSE General Electric Company GE 3 NYSE GlaxoSmithKline p.1.c. GSK 3 NYSE Hewlett-Packard Company HPQ 4 NYSE Home Depot, Inc. HD 4 NYSE Intel Corporation INTC 2 NASDAQ International Business Machines Corporation IBM 2 NYSE JDS Uniphase Corporation JDSU 2 NASDAQ Johnson & Johnson JNJ 4 NYSE LM Ericsson Telephone Company *(3) ERICY 0.9 NASDAQ Lucent Technologies Inc. LU 4 NYSE McDATA Corporation MCDTA 0.07361 NASDAQ Merck & Co., Inc. MRK 3 NYSE Microsoft Corporation (4) MSFT 6 NASDAQ mmO2 p.l.c. OOM 2 NYSE Morgan Stanley Dean Witter & Co. MWD 2 NYSE (continued on following page)
Primary Share Trading Name of Company Ticker Amounts Market ------------------------------------------------------ --------- -------- ------- Nippon Telegraph and Telephone Corporation * NTT 3 NYSE Nokia Corp. * NOK 4 NYSE Nortel Networks Corporation NT 2 NYSE Novartis AG * NVS 5 NYSE Oracle Corporation ORCL 4 NASDAQ Pfizer Inc. PFE 4 NYSE Qwest Communications International Inc. Q 4 NYSE Royal Dutch Petroleum Company * RD 3 NYSE SBC Communications Inc. SBC 4 NYSE Sony Corporation * SNE 2 NYSE Sun Microsystems, Inc. SUNW 4 NASDAQ Syngenta AG SYT 1.03860 NYSE Texas Instruments Incorporated TXN 3 NYSE Total Fina Elf S.A. * TOT 2 NYSE Toyota Motor Corporation * TM 2 NYSE Travelers Property Casualty Corp Class A TAPa 0.1296129 NYSE Travelers Property Casualty Corp Class B TAPb 0.2662968 NYSE Verizon Communications VZ 4 NYSE Viacom Inc.-Ci B VIA.B 3 NYSE Vodafone Airtouch p.l.c. * VOD 5 NYSE Wal-Mart Stores Inc. WMT 4 NYSE Zimmer Holdings, Inc. ZMH 0.3 NYSE
__________________________________________ * The securities of these non-U.S. companies trade in the United States as American Depositary Receipts. Please see "Risk Factors" and "United States Federal Income Tax Consequences--Special considerations with respect to underlying securities of foreign issuers" for additional information relating to an investment in a non-U.S. company. (1) AT&T Corp. announced a one-for-five reverse stock split on its common stock. AT&T Corp. began trading on a split-adjusted basis on November 18, 2002. As of November 22, 2002, the share amount of AT&T Corp. represented by a round lot of 100 Market 2000+ HOLDRS decreased to 1.2 from 6. (2) As a result of AT&T Corp.'s spin off of its broadband business, which merged with Comcast Corporation, Comcast Corporation has been included in Market 2000+ HOLDRS. For the 6 shares of AT&T Corp. previously represented in each round lot of 100 Market 2000+ HOLDRS, the Bank of New York received 1.941 shares of Comcast Corporation. As a result, effective November 22, 2002, 1.941 shares of Comcast Corporation were included in each round-lot of 100 Market 2000+ HOLDRS. (3) LM Ericsson Telephone Company announced a one-for-ten reverse stock split on its common stock. LM Ericsson Telephone Company began trading on a split-adjusted basis on October 23, 2002. As of October 25, 2002, the share amount of LM Ericsson Telephone Company represented by a round lot of 100 Market 2000+ HOLDRS decreased to 0.9 from 9. (4) Microsoft Corporation announced a two-for-one stock split on its common stock payable to shareholders of record on January 27, 2003. Microsoft Corporation began trading on a split-adjusted basis on February 18, 2003. As of February 21, 2003, the share amount of Microsoft Corporation represented by a round lot of 100 Market 2000+ HOLDRS increased to 6 shares from 3 shares. The share amounts listed in the table above reflect all previous stock splits, dividends and business combination transactions. The date of this prospectus supplement is March 31, 2003. 2