The Semiconductor HOLDRS Trust issues depositary receipts called Semiconductor HOLDRS, representing an undivided beneficial ownership in the United States-traded common stock of companies that develop, manufacture and market integrated circuitry and other products known as semiconductors, which allow for speed and functionality in components used in computers and other electronic devices. The Bank of New York is the trustee. The 20 issuers of underlying securities represented by a Semiconductor HOLDR, as of August 1, 2005, were Analog Devices, Inc., Altera Corporation, Applied Materials Inc, Advanced Micro Devices, Inc., Amkor Technology Inc, Atmel Corp, Broadcom Corp, Intel Corporation, KLA-Tencor Corporation, Linear Technology Corporation, LSI Logic Corporation, Micron Technology Inc., Maxim Integrated Products Inc, National Semiconductor Corporation, Novellus Systems Inc, SanDisk Corporation, Teradyne, Inc., Texas Instruments Incorporated, Vitesse Semiconductor Corp and Xilinx Inc.