424B3 1 f414b3_012704broadband.txt PROSPECTUS SUPPLEMENT - BROADBAND PROSPECTUS SUPPLEMENT Filed Pursuant to Rule No. 424(b)(3) (To Prospectus dated July 3, 2003) REGISTRATION NO. 333-31226 [HOLDERS BROADBAND LOGO] [GRAPHIC OMITTED] 1,000,000,000 Depositary Receipts Broadband 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 Broadband HOLDRS (SM) Trust. The share amounts specified in the table on page 12 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 .312604 NYSE Agere Systems, Inc. Class B AGR.B 7.672327 NYSE Applied Micro Circuits Corporation AMCC 2 NASDAQ Broadcom Corporation BRCM 2 NASDAQ Ciena Corporation CIEN 2 NASDAQ Comverse Technology, Inc. CMVT 2 NASDAQ Conexant Systems, Inc. CNXT 2 NASDAQ Copper Mountain Networks, Inc. CMTN 0.1 NASDAQ Corning, Inc. GLW 9 NYSE JDS Uniphase Corporation JDSU 11.8 NASDAQ Lucent Technologies, Inc. LU 29 NYSE Motorola, Inc. MOT 18 NYSE Mindspeed Technologies MND 0.6667 AMEX Nortel Networks Corporation NT 28 NYSE PMC-Sierra, Inc. PMCS 1 NASDAQ Qualcomm Incorporated QCOM 8 NASDAQ RF Micro Devices, Inc. RFMD 2 NASDAQ Scientific-Atlanta, Inc. SFA 2 NYSE Skyworks Solutions, Inc. SWKS 0.702 NASDAQ Sycamore Networks, Inc. SCMR 3 NASDAQ Tellabs, Inc. TLAB 4 NASDAQ Terayon Communications Systems, Inc. TERN 2 NASDAQ
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 December 31, 2003.