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Schwab e.Bulletin -- January 2001

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In this issue:
1. Daily Market Recap
2. 2000 Market Summary
3. Does Higher Risk Always Mean Higher Reward?
4. Pre-IPO Private Placements
5. Fund's Got a New Manager -- Should You Stay?
6. The Stock Market: Two Markets in One
7. Cookies Demystified
8. 529 College Savings Plan
9. The Schwab 1000 Fund(R). -- Smart About Growth. Careful
About Taxes(TM).
10. Apply for an IRA Online
11. A Smart Time to Refinance?
12. Schwab Learning Center Announces New Courses on Taxes
and Stock Investing
13. Update: The Big Switch to Decimal Quotes
14. Wireless Technologies Video Webcast
15. Argus Roundtable
16. Advice for Fifty Plus: Charles Schwab's New Book
17. The Proactive Investor's Calendar

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1. Daily Market Recap

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Read about what happened in the market* today in the Daily
Market Recap.

Go to
http://schwab.ed4.net/go/t4/eb_jan/sig/recap/

*The content on this page is updated daily.
Therefore, no matter when you are reading your e.Bulletin, the
Daily Market Recap should be current.

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2. 2000 Market Summary

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Read about what happened in the market last year in the 2000
Market Summary.

Go to
http://schwab.ed4.net/go/t5/eb_jan/sig/summary/

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3. Does Higher Risk Always Mean Higher Reward?

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Our commentator challenges a popular financial theory that
postulates the "more risk, more return" concept. His conclusion:
the theory is full of shortcomings.

Go to
http://schwab.ed4.net/go/t6/eb_jan/sig/higher/

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4. Pre-IPO Private Placements

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Long before an initial public offering (IPO), most new companies
undergo an arduous search for capital. Here's a look at the
world of "angel" investors, private placements and start-up
funding. Is there an opportunity here for you?

Go to
http://schwab.ed4.net/go/t7/eb_jan/sig/IPO/

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5. Fund's Got a New Manager -- Should You Stay?

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A new person is running one of your mutual funds. Is it time to
leave? This article provides guidelines to help you decide
whether to remain or move your money elsewhere.

Go to
http://schwab.ed4.net/go/t8/eb_jan/sig/manager/

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6. The Stock Market: Two Markets in One

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* The stock market is actually two different types of markets.
* The exchanges: Where listed stocks are traded.
* Computerized trading on Nasdaq and the OTC markets.

Read the Article
http://schwab.ed4.net/go/t9/eb_jan/sig/market/

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7. Cookies Demystified

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In the language of the Internet, cookies store small pieces of
information that are sent to your browser by a web site. The web
site uses the information in the cookie to recognize you and
give you personalized service.

Cookies save you time when you are shopping online. If it weren't
for cookies, online shopping carts wouldn't exist. It's because
of cookies that you can place an item in an electronic shopping
cart at your favorite web site, continue shopping, and find your
way back to your shopping cart -- with the items you have selected --
without a hitch. Cookies also enable personalized messaging
("Hello, Mary!") and targeted marketing ("Would you care to purchase
music by the same band you selected last time?").

Cookies can enhance your online experiences. We thought you might
be interested in how Schwab uses cookies. When you go to
schwab.com, we recognize you as a Schwab.com client and send
you a different start page than we send to non-customers.

Go to
http://schwab.ed4.net/go/t10/eb_jan/sig/cookies/

To learn more about how we use cookies, gifs and other web tools
on Schwab.com.

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8. 529 College Savings Plan

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529 College Savings plans offer an innovative way to save for
your child or grandchild's college education.  Unlike education
IRAs and custodial accounts, which place many financial and
other restrictions on both the contributor and the recipient,
529 Plans offer one of the most flexible ways to save for a
college education.  Also, contributions of up to $50,000
($100,000 per couple) to a student in a single year are free
from federal gift tax if no additional gifts are made to the
same person in the next four years.

Other benefits include:
* tax-advantaged growth
* high contribution limits per beneficiary
* qualified withdrawals taxed at student's rate

To learn more visit Schwab's online guide.

Go to
http://schwab.ed4.net/go/t11/eb_jan/sig/college/

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9. The Schwab 1000 Fund(R). -- Smart About Growth. Careful About
Taxes(TM).

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Are you concerned about taxes? Perhaps you should consider a
tax-efficient mutual fund, such as the Schwab 1000 Fund(R) Since
the fund's inception in April 1991, the Schwab 1000 Fund(R) has
not paid a capital gain distribution. Of course, past
performance is no guarantee of future results. For a prospectus
containing more information on management fees, risks and
expenses,

Go to http://schwab.ed4.net/go/t12/eb_jan/sig/taxes/

Please read the prospectus carefully before investing.

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10. Apply for an IRA Online

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An Individual Retirement Account (IRA) is an important part of
retirement planning. It offers tax advantaged investment growth
which means your money can grow without being subject to current
taxation. Even if you have a company plan, you may still have an
IRA to give you an additional opportunity to invest in stocks,
mutual funds or bonds on a tax advantaged basis. You'll find all
the resources you need to apply for your IRA at schwab.com

Go to
http://schwab.ed4.net/go/t13/eb_jan/sig/IRA/

Remember, the deadline  is April 16, 2001 to fund your IRA for
tax year 2000. Don't wait until the last minute! Funding your
IRA with Schwab has never been easier.  Find the closest
location to send your Year 2000 contribution.

Go to
http://schwab.ed4.net/go/t14/eb_jan/sig/contribution/

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11. A Smart Time to Refinance?

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You actively manage your investments to maximize returns. Do you
pay as much attention to your mortgage? You should. Housing is
the single biggest investment most of us ever make. To find out
if refinancing can save you money, check out the Mortgage
Check-Up at the Schwab Mortgage Center, provided by E-LOAN. It
will look at today's rates and can help you decide if now is the
time to refinance. You can also set up a free account to monitor
interest rates on a daily basis. If a better rate is available,
you'll be notified immediately via email. Try this simple tool
today.

Go to
http://schwab.ed4.net/go/t15/eb_jan/sig/refinance/

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12. Schwab Learning Center Announces New Courses on Taxes and
Stock Investing

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The Learning Center recently released two new courses -- Tax
Smart Investing and Understanding Stocks. Tax Smart Investing
covers that all-important topic of taxation and tax-efficient
investing. The new course guides you through key tax-related
factors to consider when buying, selling or holding an
investment. Understanding Stocks is designed to teach you the
fundamentals of stock characteristics and terminology. Check
out these courses and more.

Go to
http://schwab.ed4.net/go/t16/eb_jan/sig/learningcenter/

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13. Update: The Big Switch to Decimal Quotes

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In recent months,  you may  have noticed in the newspaper that
some securities are priced in decimals rather than fractions.
This is part of a gradual conversion process in which all stocks
and their underlying options will eventually quote and trade in
decimals. The process began in phases on September 5, 2000 with
a small group of  New York Stock Exchange (NYSE) securities and
continues until January 29, 2001, when the remainder of
NYSE-listed securities will convert to decimals. Soon after,
securities traded over-the-counter (OTC) will begin a phased
conversion.  All securities and their underlying options are
planned to be converted by April 9, 2001. Your Schwab statement
and trade confirms will not change as security pricing already
appears in decimal format. For more information about
decimalization,

Go to
http://schwab.ed4.net/go/t18/eb_jan/sig/decimal/

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14. Wireless Technologies Video Webcast

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From cell phones to the emergence of Bluetooth -- what
technological, consumer, and global issues surround the wireless
phenomenon? You're invited to tune in and participate in this
live, online, special event.

Topic:  Wireless Technology ...Today & Tomorrow
Speaker:  Panel of industry leaders including Bill Day,
Tech Evangelist, Sun Microsystems
Date/Time:  Thursday, January 25th @ 3:00pm ET, 12:00pm PT
Where: http://schwab.ed4.net/go/t19/eb_jan/sig/wireless/
(pre-registration encouraged)

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15. Argus Roundtable

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January 23, 2001 at 7:00pm ET Argus Roundtable gives Signature
Services clients the opportunity to interact directly with the
analysts producing some of the finest independent financial
research available today. These monthly events offer an
opportunity for investment insight that, until recently, was
typically available only to institutional investment
professionals. Please join us!

Go to
http://schwab.ed4.net/go/t20/eb_jan/sig/argus/

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16. Advice for Fifty Plus: Charles Schwab's New Book

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In his new book, You're Fifty -- Now What? Investing for the
Second Half of Your Life (Crown Business 2001 ), Charles Schwab
helps you create a financial strategy that takes you from your
working years through retirement . "Retirement planning that may
have worked for earlier generations no longer works today," he
says. "Not only are people living longer, but they are also
healthier and more active - meaning that retirement tends to be
more costly." Schwab helps you navigate these life changes in a
clear, user-friendly style with numerous easy-to-follow
worksheets, tables and guidelines. Available in hardcover, as an
ebook, and in Random House Audiobook and Large Print Editions.

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17. The Proactive Investor's Calendar

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Check out our calendar of upcoming events, key economic
indicators and things to be thinking about for the month ahead.

http://schwab.ed4.net/go/t21/eb_jan/sig/calendar/

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