[IMAGE] [IMAGE]            [IMAGE] [IMAGE]   Should  You Consider Margin?   For  Customers with Margin Accounts: Margin Risk Disclosure  TD Waterhouse is furnishing this information to you to provide  some basic facts about purchasing securities on margin.  Securities purchased on margin are TD Waterhouse's collateral for the loan to you. If the securities  in your account decline in value, so does the value of the  collateral supporting your loan, and, as a result, TD Waterhouse  can take action, such as issue a margin call and/or sell  securities or other assets in any of your accounts held  with TD Waterhouse, in order to maintain the required equity  in the account. Please note that trading on margin may not  be appropriate for all customers. It is important that you  fully understand the risks involved in trading securities  on margin.   These  risks include the following:  You  can lose more funds than you deposit in the margin account. TD  Waterhouse can force the sale of securities or other assets  in your account(s). TD  Waterhouse can sell your securities or other assets without contacting you. You  are not entitled to choose which securities or other assets  in your account(s) are liquidated or sold to meet a margin  call. TD  Waterhouse can increase its "house" maintenance  margin requirements at any time and is not required to  provide you advance written notice. You  are not entitled to an extension of time on a margin call.    Should  You Consider Margin? If you are comfortable with the risks associated with margin,  you may want to consider adding margin privileges to your account.  Margin allows you to use the equity in your account as collateral  for a loan that may be used for the purchase of additional securities  or for overdraft protection if you have check writing privileges.      Add  Margin Privileges to Your Account    Please  note that margin privileges may be added to Individual, Joint  and other qualified account types. Certain accounts, including  retirement (IRA) and custodial accounts, are not eligible  for margin privileges.  If you have any questions, please call a TD Waterhouse customer  service representative at 1-800-934-4448 and press  4.     [IMAGE]  [IMAGE]  ?2002  TD Waterhouse Investor Services, Inc. Member NYSE/SIPC.   Access  to services and your account may be affected by market conditions,  system performance or for other reasons. Visit  our web site  for details.  This e-mail is  intended for TD Waterhouse customers only. If you have received  this message in error, please reply to this email or contact us  at customerservice@tdwaterhouse.com . [IMAGE]