E*TRADE Latest news & happenings
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?	?Dear JOSEPH:
	
	?In this issue: 
	
	
	
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	Get  free streaming real-time quotes from MarketCaster
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	Buy  treasuries with no transaction fees until March 31
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	  Discover the new way to save for college expenses
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	  Start saving today with the E*TRADE  IRA
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	  Discover the new E*TRADE Financial Sector Index Fund  
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	  Take advantage of the Russell 2000 Index Fund 
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	  Compare your  portfolio against 13 major indexes with ME*dexSM
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	 Know  when to refinance and save 
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	NewsBytes[IMAGE]
		 
		Tax-deferred savings for college  
		
		
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		*E*TRADEc  Securities, Inc., and E-LOAN are separate, unaffiliated companies. 
 
		
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					?MarketCasterSM  NEW!!
					
					Feel the pulse of the market!  Now you can get free, streaming real-time 
stock quotes and market data automatically updated.  No need to click to 
refresh.  Fully customizable screens, with unlimited number of stock watch 
lists.  To get your free* streaming real-time quotes today, click the 
MarketCaster link on the www.etrade.com   Home page.
					
					*E*TRADE reserves the right to limit MarketCaster access to customers meeting 
certain requirements without notice. 
					 
					
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					?Check  out the newly enhanced Bond Center and save on transaction fees.
					
					 E*TRADE is launching the enhanced Bond Center  Web site and to celebrate 
we're waiving all transaction fees on Treasuries  through March 31!1 Try 
diversifying your portfolio, buy your Treasury  Bills, Notes, Bonds and 
Strips through the end of March, with no transaction  fees!1
					
					 Enhancements to the site include:
					
					Numerous dealers providing liquidity and a  broad selection
					 7,500+ bonds, including corporate, municipals  and agencies 
					 Regular valuation of holdings in your account  
					 Various bond features: short-to-long term  bonds, callable bonds, amortizing 
bonds
					
					GET STARTED TRADING RIGHT NOW and take advantage of no-transaction-fee 
Treasury trades for over a month.
					 
					
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					?Introducing  The Education PlanSM from E*TRADE.
					It's no secret that college costs are on the rise. How  will you save enough? 
Introducing The Education Plan. It's the new tax-advantaged  way for savvy 
investors to save for college expenses. The Education Plan  is a 529 college 
savings plan that lets you save up to $160,539, with favorable  estate and 
gift tax treatment.2 Earnings are federal tax-deferred while you retain  
control over the assets and retain the ability to change beneficiaries.  
					
					Learn more about The Education Plan today.  
					
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					?Find  out how you could retire with an additional $60,000 with an E*TRADE 
IRA.
					  
					
					Retirement may seem far away, but it pays to invest in an IRA now! If  you 
open an IRA today and deposit $2,000 beginning this year, you could  have 
$60,000 more to retire on by 2030 than if you delay making contributions  by 
just two years, assuming a 10% return.3 This example is  hypothetical and 
returns may fluctuate depending on market conditions,  timing and tax 
bracket. Our Retirement Center can help you find the right  IRA and the right 
investments.  
					
					As an added bonus, if you open a new E*TRADE brokerage IRA today with  $1,000 
or more, you'll receive a FREE copy of Microsoftc Money 2001.4  
					
					Get instant funding up to $2,000 with our easy online application process  
and open a new IRA now.5 
					
					
					
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					??With the E*TRADE Financial Sector Index Fund*, you don't  have to be a 
professional stock picker.6 
					
					
					Looking to diversify your tech-heavy  portfolio and take advantage of the 
current favorable market conditions  surrounding financial stocks? If so, 
you're looking for E*TRADE's Financial  Sector Index Fund. It's the first and 
only no-load, open-end fund available  to U.S. investors tracking the Dow 
Jones U.S. Financial Sector Index,SM7  which consists of approximately 300 
core financial companies in four categories:  banks, insurance, real estate, 
and specialty finance. 
					
					 
					
					Learn more about the E*TRADE Financial Sector Index Fund-available  only from 
E*TRADE. 
					
					* E*TRADE Financial Sector Index Fund operating expense ratio is 0.95%,  plus 
1.00% of amount redeemed if shares are redeemed within four months  of 
purchase. Because this fund invests in one sector of the overall market,  it 
may be subject to additional risk typically not associated with broadly  
diversified offerings. 
					
					
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					?Small-cap today, potential market leader tomorrow. Take advantage  of the 
E*TRADE Russell 2000 Index Fund.**6 
					
					
					If your portfolio has become too heavily weighted  toward large-cap stocks, 
the E*TRADE Russell 2000 Index Fund8 may be right  for you. It's a no-load 
fund available only to E*TRADE customers, designed to  track the Russell 2000 
Index, a recognized benchmark  of 2,000 U.S small-capitalization companies. 
This fund provides you  with the opportunity to invest in small-cap companies 
without having to  individually pick and choose small-cap stocks. 
					
					 
					
					Find out more about the E*TRADE Russell 2000 Index Fund-available  only from 
E*TRADE. 
					
					** E*TRADE Russell 2000 Index Fund operating expense ratio is 0.65%, plus 
1.00% of amount redeemed if shares are redeemed within four months of 
purchase. Because this fund invests substantially in small-capitalization 
securities it may be subject to greater price and risk volatility than that 
typically associated with large-cap investing. Small capitalization companies 
also tend to be less financially secure than large-capitalization companies, 
have less diverse product lines, be more susceptible to adverse developments 
concerning their products, be more thinly traded and have less 
liquidity.       
					
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					?Experience ME*dex-and track your  performance over time as compared with 
leading market indexes.
					Are you on track to meet your goals? With ME*dex you get a personalized index 
that allows you to compare your portfolio against 13 major market indexes. 
You can also view a bar graph that plots the historical value of your 
selected accounts over time. ME*dex is available to all E*TRADE customers at 
no cost. It's a perfect way to maintain control of your finances and reach 
your investment goals. 
					
					Explore how ME*dex can help you stay on top of the market and in control of 
your  finances. 
					
					
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					?Know  when to refinance and save.
					
					
					You're probably delighted that  Greenspan lowered interest rates. Here's a 
tip: Now, with lower rates,  this is the perfect opportunity to reevaluate 
your mortgage. E-LOAN is  here to help you. Sign up for E-LOAN's FREE 
Mortgage Monitor e-mail service.  Mortgage Monitor will search the day's best 
rates and automatically notify  you via e-mail when you can refinance and 
save money. 
					
					Sign up today at www.eloan.com/etmm. 
					
					
					
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					?NewsBytes
					Get more news you can use. Find out what's happening  with E*TRADE and get 
investment tips and insights. Check out the fall issue  of E*TRADE: The 
MagazineTM now.  ?
					
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					Legal Disclosures
					
					System response and account access times may vary due to a variety of 
factors, including trading volumes, market conditions, and system 
performance. 
					
					1 Bond Center transaction fee of $40 for trades fewer than 20 bonds  will be 
waived. Any trade greater than 20 bonds does not incur a transaction  fee. 
Offer valid on all Treasury Bills, Notes, Bonds, and Strips through  March 
31, 2001. 
					
					2 Per beneficiary, across all accounts. The contribution limit  will be 
adjusted annually as college costs increase. Any individual at  least 18 may 
contribute $50,000 ($100,000 for married filing jointly)  for any single 
beneficiary without creating a taxable gift so long as  no other gifts are 
made to that beneficiary within a five-year period.  If the individual 
doesn't survive the five-year period, a pro-rated portion  of the gift will 
be included in the individual's estate.  
					
					The Education Plan is an IRC Section 529 Trust sponsored by The Education  
Trust Board of New Mexico and is available to residents of all states.  The 
trust is distributed by E*TRADE Securities, Inc., and administered  by 
Schoolhouse Capital, LLC, a wholly owned subsidiary of State Street  
Corporation. , 2001 Schoolhouse Capital, LLC. E*TRADE receives compensation  
from Schoolhouse Capital, LLC. 
					
					3 Assumes a 10% return and no withdrawals. This example is hypothetical  and 
for illustrative purposes only. The results are not indicative of  the 
performance of any portfolio; actual costs and returns may vary based  on 
market conditions, timing, and tax bracket. Any withdrawals by the 
contributor  of tax-deferred accumulations that are not used for qualified 
expenses  are taxed at the contributor's ordinary income-tax rate and may be 
subject  to a 10% early withdrawal penalty.  
					
					4 Offer valid on Traditional and Roth Individual Retirement Accounts. Offer 
valid for U.S. citizens or permanent residents who have attained the legal 
age of majority in their state of residence. Void where prohibited. Offer 
limited to one product per person. Offer expires April 16, 2001. E * TRADE 
reserves the right to terminate this offer at any time. Not valid with any 
other offer. E * TRADE will mail the product within eight weeks of account 
funding. Other terms may apply. See www.retire.etrade.com for details. The 
Microsoft Money 2001 product, available through this offer to certain new IRA 
brokerage accounts, has been manufactured by a company that is not affiliated 
with E * TRADE. E * TRADE gives no express or implied warranties (including 
but not limited to warranties of merchantability or fitness for a particular 
use) with respect to the Microsoft Money 2001 software or other materials 
associated with this offer. This offer and the information provided herein is 
to be considered neither a recommendation nor an endorsement by E * TRADE, 
and E * TRADE accepts no liability for any direct or consequential loss 
arising from any use of the product offered. E * TRADE does not provide any 
legal, tax, or accounting advice. Securities products, purchased and sold in 
a transaction, are subject to investment risk, including possible loss of the 
principal investment. 
					
					5 When you choose our instant funding feature, there is a maximum  deposit of 
$2,000. It's available 9 a.m. to 7:30 p.m. ET, and you will  need your bank 
account and routing numbers located at the bottom of your  paper check. You 
may not sell short, buy and sell mutual funds, or trade  stocks with a market 
value of less than $5 per share until three business  days after your Express 
Application is approved. 
					
					6 For a prospectus with further information including charges,  and expenses, 
go to www.etradefunds.etrade.com. Read the prospectus carefully before you 
invest. Past performance does  not guarantee future results of the index or 
the Fund. Share price and  return fluctuate with market conditions, and 
investors may experience  a loss upon redemption. 
					
					7 Dow Jones and Dow Jones U.S. Financial Sector Index are service  marks of 
Dow Jones & Company Inc. and have been licensed for use for certain  purposes 
by E*TRADE Asset Management, Inc. The Fund is not sponsored,  endorsed, sold, 
or promoted by Dow Jones, and Dow Jones makes no representation  regarding 
the advisability of investing in the Fund. Please see the Statement  of 
Additional Information for details. 
					
					8 The Frank Russell Company does  not sponsor the Fund nor is it affiliated 
in any way with E*TRADE Asset  Management or the Fund. Frank Russell Company 
and Russell 2000 Index are  service marks of the Frank Russell Company and 
have been licensed for  use for certain purposes by E*TRADE Asset Management, 
Inc. The Fund is  not sponsored, endorsed, sold, or promoted by Frank Russell 
Company, and  Frank Russell Company makes no representation or warranty, 
express or  implied, regarding the advisability of investing in the Fund. 
Please see  the Statement of Additional Information for details. 
					
					, 2001 E*TRADE Securities, Inc. Member NASD/SIPC. All rights reserved. 
E*TRADE, the E*TRADE logo, and E*TRADE: The Magazine are trademarks or 
registered trademarks of E*TRADE Securities, Inc. The Education Plan and 
Schoolhouse Capital, LLC, are service marks of Schoolhouse Capital, LLC, a 
wholly owned subsidiary of State Street Corporation. All other trademarks 
mentioned herein are the property of their respective owners. 
					
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