424B3 1 0001.txt PROSPECTUS SUPPLEMENT FILED PURSUANT TO RULE NO. 424(b)(3) REGISTRATION NO. 333-95807 PROSPECTUS SUPPLEMENT (To Prospectus dated January 23, 2001) [LOGO] TELECOM HOLDRs 1,000,000,000 Depositary Receipts Telecom HOLDRS SM Trust This prospectus supplement supplements information contained in the prospectus dated January 23, 2001, which updated the original prospectus dated January 31, 2000 relating to the sale of up to 1,000,000,000 depositary receipts by the Telecom HOLDRS SM Trust. The share amounts specified in the table on page 11 of the base prospectus shall be replaced with the following:
Primary Share Trading Name of Company Ticker Amounts Market --------------------------------------- ------ -------- ---------- ALLTEL Corp. AT 2 NYSE AT&T Corp. T 25 NYSE BCE Inc. BCE 5 NYSE BellSouth Corp. BLS 15 NYSE Broadwing Inc. BRW 2 NYSE CenturyTel, Inc. CTL 1 NYSE Global Crossing Ltd. GX 6 NYSE Level 3 Communications, Inc. LVLT 3 Nasdaq NMS McLeodUSA Inc. MCLD 3 Nasdaq NMS Nextel Communications, Inc. NXTL 6 Nasdaq NMS NTL Incorporated NLI 1.25 NYSE Qwest Communications International Inc. Q 12.91728 NYSE SBC Communications Inc. SBC 27 NYSE Sprint Corporation--FON Group FON 6 NYSE Sprint Corporation--PCS Group PCS 6 NYSE Telephone and Data Systems, Inc. TDS 1 AMEX Verizon Communications VZ 21.76 NYSE WorldCom, Inc. WCOM 22 Nasdaq NMS
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 30, 2001.