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Internet HOLDRS are Depositary Receipts issued by the Internet HOLDRS Trust which represent an undivided beneficial ownership in the common stock of a group of specified companies that are involved in various segments of the Internet Industry. The Bank of New York is the trustee. Internet HOLDRS may be acquired, held or transferred in a round-lot amount of 100 Internet HOLDRS or round-lot multiples. Internet HOLDRS are separate from the underlying deposited common stocks that are represented by the Internet HOLDRS. The Internet HOLDRS Trust is not a registered investment company under the Investment Company Act of 1940.
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