Charles Schwab & Co., Inc.

       Midday Market View(TM) for Tuesday, August 7, 2001
                       as of 1:00PM EDT
           Information provided by Standard & Poor's

================================================================

U.S. INDICES
(1:00 p.m. EDT)

----------------------------------
Market            Value     Change

DJIA          10,418.20    + 16.90
Nasdaq Comp.   2,024.93     - 9.33
S&P 500        1,200.69    +  0.21
----------------------------------
NYSE Advancing Issues        1,529	
NYSE Declining Issues        1,419
NYSE Trading Volume        524 mln
NASDAQ Advancing Issues      1,578
NASDAQ Declining Issues      1,848
NASDAQ Trading Volume      750 mln

==================================

U.S. TREASURIES
----------------------------------
Value            Yield      Change

1-year bill       n/a        n/a
5-year note       4.65%     - 1/32
10-year note      5.16%     - 2/32
30-year bond      5.60%     - 1/32


The tables above look best when viewed in a fixed-width font, 
such as "Courier."

================================================================

U.S. TRADING SUMMARY

Stocks remain mired around unchanged levels at midday in 
lackluster August trading. Stocks initially lost ground on 
selling left over from yesterday's negative action, but 
bargain-hunters quickly snapped up shares. This helped boost the 
headline indexes back into positive territory ahead of Cisco 
Systems' highly anticipated earnings report due after today's 
session ends. However, with little conviction, the gains fizzled 
and stocks were back to unchanged by midday. Sectorwise, 
semiconductor manufacturers, networkers and personal computer 
makers were all under-performing on the session as jitters over 
Cisco's report kept traders on edge in the technology arena. 
Outperforming industries on the day included the banks, 
electrical equipment and retail stores.

----------------------------------------------------------------

U.S. TREASURY SUMMARY

Treasuries were unchanged to slightly lower in price by midday 
with shorter-dated securities under-performing due to a major 
amount of supply hitting the market. The Treasury kicks off its 
quarterly refunding auction with the sale of $11 billion in 
5-year notes, in addition to the $10 billion sale of 1-month 
bills. While the auction is supposed to go well, the overall 
level of supply has had a suppressive effect on the short end of 
the yield curve, keeping prices close to yesterday's levels. 
Elsewhere, the mild vacillations of stocks have mostly been 
ignored by Treasuries as trading action remains thin and 
relatively lackluster.

----------------------------------------------------------------

CURRENCY SUMMARY

The dollar has moved little versus the yen or the euro since 
this morning, as it trades around 0.878 dollars per euro and 
123.8 yen. The only event of note so far has been the 
productivity data, which has given the dollar some support.

----------------------------------------------------------------

MAJOR COMPANY / INDUSTRY NEWS
(All prices as of 1:05 p.m. EDT)

** MetLife Inc. (MET: 29.22, - 0.10) reported fiscal 
second-quarter profits that beat Wall Street estimates by $0.01 
as operating profits rose about 12%. Profits came from its 
institutional business, car and home insurance units. The No. 1 
life insurer by premiums earned, before one-time items, $419 
million, or $0.54 per share, versus $374 million, or $0.48 per 
share, from the year-earlier period. Wall Street expected 
MetLife to earn $0.53 per share on average.

** Procter & Gamble (PG: 70.41, - 0.34) reported fiscal 
fourth-quarter earnings that beat Street projections. The 
consumer products giant earned $837 million, or $0.60 per share, 
before special items versus $777 million, or $0.55 per share a 
year earlier. Analysts had expected a profit of $0.59 per share. 
Procter makes such brands as Vidal Sassoon shampoo and Tide 
detergent.

** Barr Laboratories (BRL: 82.05, + 3.10) reported fiscal 
fourth-quarter earnings that more than doubled. The drug maker 
just barely missed estimates, though, as costs related to legal 
action weighed. Barr earned $18.5 million or $0.49 per share 
versus $8.4 million or $0.23 per share in the year-ago quarter. 
Analysts had expected Barr to earn $0.50 per share on average. 
Barr recently began selling a generic version of the drug 
Prozac.

----------------------------------------------------------------

RESEARCH SPOTLIGHTS

** UBS Warburg upgraded shares of Healthextras Inc. (HLEX: 9.00, 
+ 0.60) from a hold to a buy rating.

** Bear Stearns upgraded shares of Dendrite International (DRTE: 
11.67, - 0.02) from an attractive to a buy rating.

################################################################

Log in using the links below to:

Access your account:
https://investing.schwab.com/trading/start?SANC=CCBodyi&NeedCASelValue=Y

View your Email Alert customization options:
https://investing.schwab.com/trading/start?SANC=EAMyAlerts

Perform research or request a market quote:
https://investing.schwab.com/trading/start?SANC=Quotes

Place a trade order:
https://investing.schwab.com/trading/start?SANC=TradeStock

To visit Schwab's home page, use this link:
http://www.schwab.com/

-----------------------------------------------------------------

To unsubscribe or modify your Email Alert customization options, 
log in using the link below or copy and paste it into your 
browser's address window:

https://investing.schwab.com/trading/start?SANC=EAMyAlerts

Now you can receive graphics Email Alerts in HTML format, using 
helpful, full-color graphics and active Web links that connect 
you directly to information you want. Use the link below to log 
in and change your email format preference:

https://investing.schwab.com/trading/start?SANC=EAEditEmailAddr

----------------------------------------------------------------

Notice: All email sent to or from the Charles Schwab corporate 
email system may be retained, monitored and/or reviewed by 
Schwab personnel. (1000-8752)

Copyright 2001 Standard & Poor's MMS Inc.  All rights reserved.
Standard & Poor's MMS services are for personal use only.
Commercial use or redistribution in any form, print or 
electronic, is prohibited.
Distribution by Quris, Inc.