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To: IQBAL LATIF who wrote (28955)	9/23/1999 1:39:00 PM
From: IQBAL LATIF	Respond to of 50167

Merrill's Internet basket starts trading By Emily Church, CBS MarketWatch Last Update: 1:08 PM ET Sep 23, 1999 NewsWatch NEW YORK (CBS.MW) -- Moving on the popularity of Internet stocks, Merrill Lynch on Thursday launched a new security that represents a basket of the 20 largest Internet stocks by market capitalization. Today on CBS MarketWatch Dow pulls back; Web shares up EarthLink, MindSpring to form No. 2 ISP Renegade Report: Biotech forum dispatches Oil climbs as OPEC, Russia limit exports Springsteen at 50: Still on Thunder Road More top stories... CBS MarketWatch Columns Updated: 9/23/99 11:43:22 AM ET The security, called Internet Holdrs, started trading Thursday on the American Stock Exchange under the ticker: (HHH: news, msgs). The security rose 1/4 to 108 1/2 in recent trading. Merrill began selling the Holdrs through its retail customer base about a week ago, representing 3.7 million of the shares at $400 million on Wednesday. Merrill has ambitions that the Holdr will become a bellwether for Internet stocks. America Online (AOL: news, msgs) is single largest component of the basket. It's followed by Yahoo (YHOO: news, msgs), Amazon.com (AMZN: news, msgs), EBay (EBAY: news, msgs), At Home (ATHM: news, msgs), Priceline (PCLN: news, msgs), CMGI (CMGI: news, msgs) Inktomi (INKT: news, msgs), RealNetworks (RNWK: news, msgs) and Exodus (EXDS: news, msgs) to name the top ten. They're followed by E-Trade (EGRP: news, msgs), DoubleClick (DCLK: news, msgs), Ameritrade (AMTD: news, msgs), Lycos (LCOS: news, msgs), CNet (CNET: news, msgs), PSINet (PSIX: news, msgs), Network Associates (NETA: news, msgs), EarthLink (ELNK: news, msgs), MindSpring (MSPG: news, msgs) and Go2Net (GNET: news, msgs)