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	 [IMAGE]  [IMAGE]  Dear larry,   When it comes to helping you  find the right investment opportunities in today's market, E*TRADE  can help. We have a powerful array of easy-to-use tools and services-all  designed to help you understand today's market and invest with confidence.    In addition to providing you  insightful tools and services, we're also here to answer your questions  and offer guidance if you need it. It's our goal to help you find-and  make the most of-the right investment opportunities. We'll  start by offering you 25 trades on us, just for opening and funding an E*TRADE
 brokerage  account.    See how E*TRADE makes it  easier for you to invest with confidence: Start  with Mutual Funds  - E*TRADE PowerSearch
 can help  you find the mutual funds that may be right for you.2  See funds that have received Morningstar's3  independent rating of five stars.4    Knowledge  is Power - For great  ideas on investing your tax rebate, and to learn more about the  $1.35 trillion tax cut, drop by our Tax Center. We've also got time-tested  investment strategies, and investing fundamentals at our Knowledge  Center.  Investing  in Bonds - Visit  our Bond Center and choose from over 7,500 individual bonds-from  treasuries to corporate and municipal bonds. For bond funds,5  check out the E*TRADE Mutual Fund ALL-STAR List.6  GET STARTED TODAY! Open an E*TRADE brokerage account  with a $1,000 minimum deposit  by December 31, 2001 and you'll receive up to 25 stock trades on  us! (E*TRADE will rebate commissions for up to 25 stock trades made  during your first month as an E*TRADE customer.)        [IMAGE] [IMAGE]  [IMAGE]     [IMAGE]	[IMAGE]	 	


[IMAGE]	  1 Offer not valid for IRAs, other  retirement, business, club, or E*TRADE Bank
 accounts. Excludes existing  E*TRADE customers, E*TRADE Associates, and non-U.S. residents. E*TRADE  will rebate the commission of up to $19.95 per trade to a maximum of 25  stock trades for the first 30 days the qualifying account is open. You  will pay the normal commission rate for stock trades at the time of the  trades, and your account will be credited with the rebate within eight  weeks of account approval and funding. For listed orders over 5,000 shares,  add $0.01/share to the entire order. Add $35.00 for broker-assisted trades.  Rebate applies to stock transactions only. Account holders must maintain  minimum funding in all accounts ($1,000 for cash accounts, $2,000 for  margin accounts, less any losses) for at least six months. E*TRADE reserves  the right to terminate this offer at any time. Not valid with any other  offer. This offer is non-transferable.       2 For a prospectus containing  further information, including charges and expenses, please go to www.mutualfunds.etrade.com . Read the prospectus carefully before you invest. The prospectus contains  important information about the goals, risks, expenses, and investment  strategies applicable to the fund.  3 E*TRADE  allows you to invest online in thousands of mutual funds. E*TRADE provides,  for informational purposes only, data about the various mutual funds published  by independent third parties, such as Morningstar, Inc. and New River.  E*TRADE does not guarantee the appropriateness, fitness, or suitability  of any mutual fund. While E*TRADE believes that the data provided by these  third parties is reliable, it has no independent basis to verify or contradict  the accuracy or completeness of the information provided. No recommendation  or endorsement by E*TRADE as to any investment may be inferred from the  data provided.   4 The Morningstar star rating  takes a broad-based approach to looking at funds. To determine a fund's  star rating for a given period (three, five, or ten years), the fund's  Morningstar Risk score is subtracted from its Morningstar Return score.  The resulting number is plotted along a bell curve to determine the fund's  rating for each time period: If the fund scores in the top 10% of its  broad investment class(domestic stock, international stock, taxable bond,  or municipal bond), it receives five stars (Highest); if it falls in the  next 22.5%, it receives four stars (Above Average); a place in the middle  35% earns it three stars (Average); those in the next 22.5% receive two  stars (Below Average); and the bottom 10% get one star (Lowest).      5 You can obtain the prospectus  online for mutual fund shares available for purchase through E*TRADE.  Read the prospectus carefully before you invest in any mutual fund. The  prospectus contains important information about the goals, risks, expenses,  and investment strategies applicable to the fund. E*TRADE does not guarantee  or verify the accuracy or completeness of any mutual fund's prospectus,  statement of additional information, report to shareholders, or proxy  solicitation materials.    6 Inclusion of a fund in the E*TRADE Mutual Fund ALL-STAR  List is based on historical performance and is not intended to be predictive  of future performance of the fund. Morningstar selects fund for inclusion  through independent analysis based on quantitative factors, such as total  return, risk, manager tenure, and expenses; as well as a qualitative analysis  performed by Morningstar analysts.  HOW TO UNSUBSCRIBE: You received this e-mail because you registered on the E*TRADE Web site, or on one of our partners' sites. If you do not want to receive partner e-mail offers, or any E*TRADE marketing e-mail, you can change your preferences now.  You are subscribed at: lcampbel@enron.com E*TRADE takes your privacy seriously. To learn more about E*TRADE's use of personal information, please read our Privacy Policy .   System response and account access  times may vary due to a variety of factors, including trading volumes, market  conditions, and system performance. The services described herein are available  to U.S. residents only.    ?2001 E*TRADE Securities, Inc. Member NASD/SIPC. All rights reserved. E*TRADE  and the E*TRADE logo are trademarks or registered trademarks of E*TRADE  Group, Inc. or its subsidiaries.    	


 
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