424B3 1 f424b3_080905-software.txt PROSPECTUS SUPPLEMENT - SOFTWARE PROSPECTUS SUPPLEMENT FILED PURSUANT TO RULE 424(b)(3) (To Prospectus dated October 25, 2004) REGISTRATION NO. 333-43766 [GRAPHIC OMITTED] 1,000,000,000 Depositary Receipts Software 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 Software HOLDRS (SM) Trust. The share amounts specified in the table in the "Highlights of Software HOLDRS" section of the base prospectus shall be replaced with the following: Share Primary Name of Company Ticker Amounts Trading Market --------------------------------------- ------ ------- -------------- Adobe Systems Incorporated(1) ADBE 12 NASDAQ BMC Software, Inc. BMC 7 NYSE Check Point Software Technologies Ltd. CHKP 6 NASDAQ Computer Associates International, Inc. CA 17 NYSE Intuit Inc. INTU 6 NASDAQ Macromedia, Inc. MACR 1 NASDAQ Mercury Interactive Corporation MERQ 2 NASDAQ Micromuse Inc. MUSE 2 NASDAQ Microsoft Corporation MSFT 30 NASDAQ Nuance Communications Inc. NUAN 1 NASDAQ Openwave Systems Inc. OPWV 0.6667 NASDAQ Oracle Corporation ORCL 24 NASDAQ SAP AG-preference shares * SAP 16 NYSE Sapient Corporation SAPE 3 NASDAQ Siebel Systems, Inc. SEBL 8 NASDAQ TIBCO Software Inc. TIBX 5 NASDAQ Veritas Software Corporation VRTS 7 NASDAQ ---------------------------------------- (1) As a result of a 2 for 1 stock split of Adobe Systems Incorporated (NASDAQ: "ADBE") on May 27, 2005, the number of shares of Adobe Systems Incorporated represented by each 100 round lot of Software HOLDRS has been increased from 6 shares to 12 shares. *The preference shares of this non-U.S. company 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 factors to consider with respect 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 June 30, 2005.