See below for the transaction fees for the following symbols, where the Exchange pays a third party non-reimbursable fee.

Symbol Name Symbol Name FFF FORTUNE 500 Index Tracking Stock IVW iShares S&P 500/BARRA Growth FEF FORTUNE e-50 Index Tracking Stock IVE iShares S&P 500/BARRA Value ICF iShares Cohen & Steers Realty Majors IEV iShares S&P Europe 350 IYM iShares Dow Jones US Basic Materials IXC iShares S&P Global Energy Sector IYC iShares Dow Jones US Consumer Cyclical IXG iShares S&P Global Financial Sector IYK iShares Dow Jones US Consumer Non-Cyclical IXJ iShares S&P Global Healthcare Sector IYE iShares Dow Jones US Energy IXN iShares S&P Global Information Technology Sector IYF iShares Dow Jones US Financial Sector IXP iShares S&P Global Telecommunications Sector IYG iShares Dow Jones US Financial Services ILF iShares S&P Latin America 40 IYH iShares Dow Jones US Healthcare IJH iShares S&P MidCap 400 IYJ iShares Dow Jones US Industrial IJK iShares S&P MidCap 400/BARRA Growth IYR iShares Dow Jones US Real Estate IJJ iShares S&P MidCap 400/BARRA Value IYW iShares Dow Jones US Technology IJR iShares S&P SmallCap 600 IYZ iShares Dow Jones US Telecommunications IJT iShares S&P SmallCap 600/BARRA Growth IYY iShares Dow Jones US Total Market IJS iShares S&P SmallCap 600/BARRA Value IDU iShares Dow Jones US Utilities ITF iShares S&P/TOPIX 150 IGE iShares Goldman Sachs Natural Resources Index QQQ Nasdaq-100 Index Tracking Stock IGN iShares Goldman Sachs Networking Index XLY Select Sector SPDR-Consumer Discretionary IGW iShares Goldman Sachs Semiconductor XLP Select Sector SPDR-Consumer Staples IGV iShares Goldman Sachs Software Index XLE Select Sector SPDR-Energy IGM iShares Goldman Sachs Technology Index XLF Select Sector SPDR-Financial LQD iShares GS $ InvesTop Corporate Bond Fund XLV Select Sector SPDR-Healthcare SHY iShares Lehman 1-3 Year Treasury Bond Fund XLI Select Sector SPDR-Industrial IEF iShares Lehman 7-10 Year Treasury Bond Fund XLB Select Sector SPDR-Materials TLT iShares Lehman 20+ Year Treasury Bond Fund XLK Select Sector SPDR-Technology EFA iShares MSCI-EAFE XLU Select Sector SPDR-Utilities IBB iShares Nasdaq Biotechnology DGT streetTRACKS Dow Jones US Global Titans 50 Index IWB iShares Russell 1000 ELG streetTRACKS Dow Jones US LargeCap Growth IWF iShares Russell 1000 Growth ELV streetTRACKS Dow Jones US LargeCap Value IWD iShares Russell 1000 Value DSG streetTRACKS Dow Jones US SmallCap Growth IWM iShares Russell 2000 DSV streetTRACKS Dow Jones US SmallCap Value IWO iShares Russell 2000 Growth Index Fund MII streetTRACKS Morgan Stanley Internet IWN iShares Russell 2000 Value Index Fund MTK streetTRACKS Morgan Stanley Technology IWV iShares Russell 3000 RWR streetTRACKS Wilshire REIT IWZ iShares Russell 3000 Growth Index Fund VXF Vanguard Extended Market VIPERs IWW iShares Russell 3000 Value Index Fund TFT Treasury 1 FITR ETF IWR iShares Russell MidCap TOU Treasury 2 FITR ETF IWP iShares Russell MidCap Growth Index Fund TFI Treasury 5 FITR ETF IWS iShares Russell MidCap Value Index Fund TTE Treasury 10 FITR ETF OEF iShares S&P 100 Index Fund VTI Vanguard Total Market VIPERs IVV iShares S&P 500

Transaction Fees

Specialist Registered Trader Broker/Dealer (Off-floor), Customer Customer (OEF Only) Per Share $0.0070 ($.70 per 100 shares) $0.0076 ($.76 per 100 shares) $0.0060 ($.60 per 100 shares) $0.0015 ($.15 per 100 shares) Subject to a per trade maximum of: $300 (42,857 shares) $350 (46,053 shares) $100 (16,667 shares) $100 (66,667 shares)

- Transaction charges for Specialists and Registered Traders are waived for the following symbols through May 31, 2003:  TFT, TOU, TFI, TTE, SHY and IEF. - Transaction fees in connection with ETFs executed as part of an exchange-for-physical have been waived. - Orders entered electronically into the Amex Order File (AOF) from off floor ("System Orders") for up to 5,099 shares in exchange traded funds will not be assessed a transaction fee. This provision does not apply to System Orders of a member or member organization trading as an agent for the account of a non-member competing market maker. A competing market maker is defined as a specialist or market maker registered as such on a registered stock exchange (other than the Amex), or a market maker bidding and offering Amex-traded securities over-the-counter. - Customer orders include the following account types: A - Agency I - Individual investor account, as covered by Section 11 (a)(1)(E) of the Securities Exchange Act of 1934 K - Program trade for an individual investor account J - Program trade/Index arbitrage for an individual investor account H - Short exempt for an individual investor account - Customer transaction charges for the following ETFs and HOLDRS have been suspended: Symbol Name Symbol Name DIA DIAMONDS BHH B2B Internet HOLDRS LQD iShares GS $ InvestTop Corporate Bond Fund BBH Biotech HOLDRS SHY iShares Lehman 1-3 year Treasury Bond Fund BDH Broadband HOLDRS IEF iShares Lehman 7-10 year Treasury Bond Fund EKH Europe 2001 HOLDRS TLT iShares Lehman 20+ year Treasury Bond Fund IAH Internet Architecture HOLDRS IVV iShares S&P 500 HHH Internet HOLDRS MDY MidCap SPDRS IIH Internet Infrastructure HOLDRS QQQ Nasdaq-100 Index Tracking Stock MKH Market 2000+ HOLDRS XLY Select Sector SPDR-Consumer Discretionary OIH Oil Service HOLDRS XLP Select Sector SPDR-Consumer Staples PPH Pharmaceutical HOLDRS XLE Select Sector SPDR-Energy RKH Regional Bank HOLDRS XLF Select Sector SPDR-Financial RTH Retail HOLDRS XLV Select Sector SPDR-Health Care SMH Semiconductor HOLDRS XLI Select Sector SPDR-Industrial SWH Software HOLDRS XLB Select Sector SPDR-Materials TTH Telecom HOLDRS XLK Select Sector SPDR-Technology UTH Utilities HOLDRS XLU Select Sector SPDR-Utilities WMH Wireless HOLDRS SPY SPDRS