424B3 1 f424b3_040203.txt FORM 424(B)(3) TO INTERNET HOLDRS FILED PURSUANT TO RULE NO. 424(b)(3) PROSPECTUS SUPPLEMENT REGISTRATION NO. 333-78575 (To Prospectus dated March 12, 2002) [LOGO OMITTED] 1,000,000,000 Depositary Receipts Internet HOLDRS (sm) Trust This prospectus supplement supplements information contained in the prospectus dated March 12, 2002 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 on page 11 of the base prospectus shall be replaced with the following:
Share Primary Name of Company (1) Ticker Amounts Trading Market ----------------------------------------------- --------- ----------- -------------- Amazon.com, Inc. AMZN 18 NASDAQ Ameritrade Holding Corporation AMTD 9 NASDAQ AOL Time Warner Inc. AOL 42 NYSE CMGI Inc. CMGI 10 NASDAQ CNET Networks, Inc. CNET 4 NASDAQ DoubleClick Inc. DCLK 4 NASDAQ EarthLink, Inc. ELNK 6.23 NASDAQ eBay Inc. EBAY 12 NASDAQ E*TRADE Group, Inc. ET 12 NYSE Network Associates, Inc. NET 7 NASDAQ Priceline.com Incorporated PCLN 7 NASDAQ RealNetworks, Inc. RNWK 8 NASDAQ Yahoo! Inc. YHOO 26 NASDAQ
(1) As a result of the acquisition by Yahoo! Inc. of Inktomi Corp., Inktomi Corp. is no longer included in the Internet HOLDRS. For the 6 shares of Inktomi Corp. previously represented in each round lot of 100 Internet HOLDRS, the Bank of New York received $9.90, which was distributed at a rate of $0.079 ($0.099 less a $0.02 custody fee) per each Internet HOLDR to holders of record on March 28, 2003. 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, 2003.