Effective June 2, 2008 the Amex will assess Transaction Charges for Exchange Traded Notes (ETNs) based on the ETF Fee schedule (link below). If you have any questions, please contact Pawel Pieczara at 212-306-1658 or Tarik Jalajel at 212-306-1327.

http://www.amex.com/amextrader/membership/fees/fees_ETFsHOLDRS.pdf