H Page

HOLDRs -This is a product of Merrill Lynch. On their web site HOLDRs.com they define HOLDRs as trust-issued receipts that represent your beneficial ownership of a specified group of stocks. HOLDRS allow you to benefit from the ownership of the stocks in a particular industry, sector or group. They are a basket of 20 stocks within one sector that can be made as a single investment.What makes HOLDRs different from a mutual fund is that you have the option of redeeming the HOLDRs in 100 share lots and then can walk away with the actual shares of the underlying stocks.

Updated 12/25/00