424B3 1 f424b3_102803-retail.txt FORM 424(B)(3) - PROSPECTUS SUPPLEMENT PROSPECTUS SUPPLEMENT Filed Pursuant to Rule No. 424(b)(3) (To Prospectus dated July 3, 2003) REGISTRATION NO. 333-54662 [LOGO OMITTED] 1,000,000,000 Depositary Receipts Retail HOLDRS (SM) Trust This prospectus supplement supplements information contained in the prospectus dated July 3, 2003 relating to the sale of up to 1,000,000,000 depositary receipts by the Retail HOLDRS (SM) Trust. The share amounts specified in the table on page 10 of the base prospectus shall be replaced with the following: Share Primary Name of Company Ticker Amounts Trading Market -------------------------------------- ----------- ------------- --------------- Albertson's, Inc. ABS 8 NYSE Amazon.com, Inc. AMZN 7 Nasdaq NMS Best Buy Co., Inc. BBY 6 NYSE Costco Wholesale Corporation COST 8 Nasdaq NMS CVS Corporation CVS 7 NYSE Federated Department Stores FD 4 NYSE Kohl's Corporation KSS 6 NYSE Lowe's Companies, Inc. LOW 14 NYSE RadioShack Corporation RSH 3 NYSE Safeway Inc. SWY 9 NYSE Sears, Roebuck and Co. S 6 NYSE Target Corporation TGT 16 NYSE The Gap, Inc. GPS 16 NYSE The Home Depot, Inc. HD 40 NYSE The Kroger Co. KR 15 NYSE The Limited, Inc. LTD 8 NYSE The May Department Stores Company MAY 6 NYSE The TJX Companies, Inc. TJX 10 NYSE Walgreen Co. WAG 19 NYSE Wal-Mart Stores, Inc. WMT 36 NYSE 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 September 30, 2003.