424B3 1 f424b3_080504-market2000.htm PROSPECTUS SUPPLEMENT
PROSPECTUS SUPPLEMENT
(To Prospectus dated July 11, 2003)
  Filed Pursuant to Rule No. 424(b)(3)
  REGISTRATION NO. 333-37980

1,000,000,000 Depositary Receipts
Market 2000+ HOLDRS (SM) Trust

        This prospectus supplement supplements information contained in the prospectus dated July 11, 2003 relating to the sale of up to 1,000,000,000 depositary receipts by the Market 2000+ HOLDRS (SM) Trust.

        The share amounts specified in the table in the “Highlights of Market 2000+ HOLDRS” section of the base prospectus shall be replaced with the following:

Name of Company(1)
 Ticker
 Share
Amounts
 Primary
Trading
Market
Agere Systems Inc. Class A AGRA 0.043117  NYSE
Agere Systems Inc. Class B AGRB 1.058252  NYSE
American International Group, Inc. AIG 2  NYSE
Astrazeneca p.l.c.* AZN 4 NYSE
AT&T Corp. T 1.2  NYSE
AT&T Wireless Services, Inc. AWE 1.9308 NYSE
AVAYA Inc. AV 0.3333  NYSE
BellSouth Corporation BLS 5  NYSE
BP p.l.c.* BP 3  NYSE
Bristol-Myers Squibb Company BMY 3 NYSE
BT Group p.l.c. BTY 2 NYSE
Cisco Systems, Inc. CSCO 3 NASDAQ
Citigroup Inc. C 3 NYSE
Comcast Corporation CMCSA 1.941 NASDAQ
The Coca-Cola Company KO 3 NYSE
Dell Inc. DELL 5 NASDAQ
Deutsche Telekom AG* DT 5 NYSE
Eli Lilly and Company LLY 2 NYSE
EMC Corporation EMC 2 NYSE
Exxon Mobil Corporation XOM 4 NYSE
France Telecom* FTE 2 NYSE
General Electric Company GE 3 NYSE
GlaxoSmithKline p.l.c. GSK 3 NYSE
Hewlett-Packard Company HPQ 4 NYSE
Home Depot, Inc. HD 4 NYSE
Intel Corporation INTC 2 NASDAQ
International Business Machines Corporation IBM 2 NYSE
JDS Uniphase Corporation JDSU 2 NASDAQ
Johnson & Johnson JNJ 4 NYSE
LM Ericsson Telephone Company* ERICY 0.9 NASDAQ
Lucent Technologies Inc. LU 4 NYSE
McDATA Corporation MCDTA 0.07361 NASDAQ
Medco Health Solutions MHS 0.3618 NYSE
Merck & Co., Inc. MRK 3 NYSE
Microsoft Corporation MSFT 6 NASDAQ
mmO2 p.l.c. OOM 2 NYSE
Morgan Stanley Dean Witter & Co. MWD 2 NYSE
Nippon Telegraph and Telephone Corporation* NTT 3 NYSE
Nokia Corp.* NOK 4 NYSE
Nortel Networks Corporation NT 2 NYSE
Novartis AG* NVS 5 NYSE
Oracle Corporation ORCL 4 NASDAQ
Pfizer Inc. PFE 4 NYSE
Qwest Communications International Inc. Q 4 NYSE
Royal Dutch Petroleum Company* RD 3 NYSE
SBC Communications Inc. SBC 4 NYSE
Sony Corporation* SNE 2 NYSE
Sun Microsystems, Inc. SUNW 4 NASDAQ
Syngenta AG SYT 1.03860 NYSE
Texas Instruments Incorporated TXN 3 NYSE
The St. Paul Travelers Companies, Inc. STA 0.17158726 NYSE
Time Warner Inc. TWX 6 NYSE
TOTAL S.A.*(1) TOT 2 NYSE
Toyota Motor Corporation* TM 2 NYSE
Verizon Communications VZ 4 NYSE
Viacom Inc.-Ci B VIA.B 3 NYSE
Vodafone Airtouch p.l.c.* VOD 5 NYSE
Wal-Mart Stores Inc. WMT 4 NYSE
Zimmer Holdings, Inc. ZMH 0.3 NYSE

_________________

(1) Total Fina Elf S.A. changed its name to TOTAL S.A. effective May 7, 2003.

(*) The securities of these non-U.S. companies 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 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 June 30, 2004.