424B3 1 f424b3_051304telecom.txt PROSPECTUS SUPPLEMENT - TELECOM PROSPECTUS SUPPLEMENT Filed Pursuant to Rule No. 424(b)(3) (To Prospectus dated July 3, 2003) REGISTRATION NO. 333-92613 333-95807 [TELECOM HOLDRS (SM) LOGO] 1,000,000,000 Depositary Receipts Telecom 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 Telecom HOLDRS (SM) Trust. The share amounts specified in the table on page 12 of the base prospectus shall be replaced with the following:
Share Primary Name of Company Ticker Amounts Trading Market --------------------------------------------------- -------- ---------- ---------------- ALLTEL Corp. AT 2 NYSE AT&T Corp. T 5 NYSE AT&T Wireless Services AWE 8.045 NYSE BCE Inc. BCE 5 NYSE BellSouth Corp. BLS 15 NYSE CenturyTel, Inc. CTL 1 NYSE Cincinnati Bell Incorporated CBB 2 NYSE Level 3 Communications, Inc. LVLT 3 NASDAQ Nextel Communications, Inc. NXTL 6 NASDAQ Qwest Communications International Inc. Q 12.91728 NYSE SBC Communications Inc. SBC 27 NYSE Sprint Corporation-FON Group FON 6 NYSE Sprint Corporation-PCS Group PCS 6 NYSE Telephone and Data Systems, Inc. TDS 1 AMEX Verizon Communications VZ 21.76 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 March 31, 2004.