424B3 1 f424b3_110505-internethldrs.txt INTERNET HOLDERS PROSPECTUS SUPPLEMENT REGISTRATION NO. 333-78575 (To Prospectus dated October 25, 2004) Filed Pursuant to Rule 424(b)(3) [graphic omitted] 1,000,000,000 Depositary Receipts Internet 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 Internet HOLDRS (SM) Trust. The share amounts specified in the table in the "Highlights of Internet HOLDRS" section of the base prospectus shall be replaced with the following:
Primary Share Trading Name of Company(1) Ticker Amounts Market ---------------------------------------------------- ------- -------- --------- Amazon.com, Inc. AMZN 18 NASDAQ Ameritrade Holding Corporation AMTD 9 NASDAQ CMGI Inc. CMGI 10 NASDAQ CNET Networks, Inc. CNET 4 NASDAQ EarthLink, Inc. ELNK 6.23 NASDAQ eBay Inc. EBAY 48 NASDAQ E*TRADE Financial Corporation ET 12 NYSE McAffee Inc. MFE 7 NYSE Priceline.com Incorporated PCLN 1.167 NASDAQ RealNetworks, Inc. RNWK 8 NASDAQ Time Warner Inc. TWX 42 NYSE Yahoo! Inc. YHOO 52 NASDAQ
(1) Effective July 14, 2005, Doubleclick Inc. (NASDAQ: "DCLK") was delisted from trading on The Nasdaq National Market as a result of its acquisition by Hellman & Freidman LLC. Consequently, Doubleclick Inc. is no longer an underlying constituent of the Internet HOLDRS Trust. For the 4 shares of Doublclick Inc. per 100 share round lot of Internet HOLDRS, The Bank of New York received $34.00 in cash, and distributed such cash at a rate of $0.30 per depositary share. 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, 2005.