424B3 1 f424b3_013105-europe2001.txt PROSPECTUS SUPPLEMENT PROSPECTUS SUPPLEMENT FILED PURSUANT TO RULE NO. 424(b)(3) (To Prospectus dated October 25, 2004) REGISTRATION NO. 333-44286 [EUROPE 2001 HOLDRS (SM) TRUST LOGO OMITTED] 1,000,000,000 Depositary Receipts Europe 2001 HOLDRS (SM) Trust This prospectus supplement supplements information contained in the prospectus dated October 25, 2004 relating to the sale of up to 1,000,000,000 depositary receipts by the Europe 2001 HOLDRS (SM) Trust. The share amounts specified in the table in the "Highlights of Europe 2001 HOLDRS" section of the base prospectus shall be replaced with the following: Primary U.S. Share Trading Name of Company(1) Ticker Amounts Market ----------------------------------------- -------- ----------- -------------- AEGON N.V. AEG 5.2 NYSE Alcatel* ALA 3 NYSE Amdocs Limited DOX 3 NYSE ARM Holdings p.l.c.* ARMHY 8 NASDAQ ASM International N.V. ASMI 13 NASDAQ ASML Holding N.V. ASML 7 NASDAQ AstraZeneca p.l.c.* AZN 4 NYSE Aventis S.A.* AVE 2 NYSE AXA* AXA 6 NYSE Bookham, Inc. BKHM 1.2 NASDAQ BP p.l.c.* BP 4 NYSE Business Objects S.A.* BOBJ 4.5 NASDAQ Cable & Wireless p.l.c.* CWP 4 NYSE DaimlerChrysler AG DCX 4 NYSE Deutsche Telekom AG* DT 5 NYSE Diageo p.l.c.* DEO 5 NYSE Elan Corporation, p.l.c.* ELN 4 NYSE Ericsson LM Telephone Company* ERICY 1.6 NASDAQ GlaxoSmithKline p.l.c.* GSK 6 NYSE Infineon Technologies AG* IFX 5 NYSE ING Group N.V.* ING 4 NYSE IONA Technologies p.l.c.* IONA 3 NASDAQ Koninklijke Philips Electronics N.V. PHG 5 NYSE Millicom International Cellular S.A.* MICC 8 NASDAQ Nokia Corp.* NOK 5 NYSE Novartis AG* NVS 5 NYSE Qiagen N.V. QGENF 6 NASDAQ Repsol YPF, S.A.* REP 11 NYSE Royal Dutch Petroleum Company RD 3 NYSE Ryanair Holdings p.l.c.* RYAAY 8 NASDAQ SAP AG* SAP 4 NYSE Scottish Power p.l.c.* SPI 7 NYSE Serono S.A.* SRA 9 NYSE Shire Pharmaceuticals Group p.l.c.* SHPGY 4 NASDAQ Skillsoft p.l.c.* SKIL 6 NASDAQ STMicroelectronics N.V. STM 4 NYSE (continued on followiong page) Primary U.S. Share Trading Name of Company Ticker Amounts Market ----------------------------------------- -------- ----------- -------------- Telefonica S.A.* TEF 3.31224241 NYSE Terra Networks, S.A.* TRLY 15 NASDAQ Total S.A.* TOT 3 NYSE UBS AG UBS 3 NYSE Unilever N.V. UN 3 NYSE Vivendi Universal* V 3 NYSE Vodafone Group p.l.c.* VOD 6 NYSE WPP Group p.l.c.* WPPGY 3 NASDAQ ---------------- (1) Effective the opening of business on December 17, 2004, Autonomy Corp p.l.c (NASDAQ:AUTN), was delisted from trading on NASDAQ. As such, the company is no longer an underlying constituent of the Europe 2001 HOLDRS Trust. Holders of record as of December 30, 2004 were paid 1.2 shares of Autonomy Corp p.l.c per round lot of 100 Europe 2001 HOLDRS. * The securities of these non-U.S. companies trade in the United States as American Depository Receipts. Please see "Risk Factors" and "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. 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, 2004.