Epoch Partners* and Charles Schwab are pleased to bring you a
new product offering, NETS (New Era Trust Securities).

Each NETS represents ownership of 21 Optical Equipment companies
in varying share amounts.  These companies are expected to
include:

Cisco Systems, Inc.             CSCO
Nortel Networks Corporation     NT
Lucent Technologies Inc.        LU
Corning Incorporated            GLW
Juniper Networks, Inc.          JNPR
JDS Uniphase Corporation(1)     JDSU
CIENA Corporation               CIEN
SDL, Inc.(1)                    SDLI
Sycamore Networks, Inc.         SCMR
Redback Networks Inc.           RBAK
ADC Telecommunications, Inc.    ADCT
ONI Systems Corp.               ONIS
Avanex Corporation              AVNX
Finisar Corporation             FNSR
New Focus, Inc.                 NUFO
Newport Corporation             NEWP
MRV Communications, Inc.        MRVC
Stratos Lightwave, Inc.         STLW
Digital Lightwave, Inc.         DIGL
Avici Systems Inc.              AVCI
Corvis                          CORV

(1) JDS Uniphase is expected to acquire SDL for 3.8 shares
of JDS for 1 share of SDL.  The transaction is expected to
close in the December 2000 quarter.

Expected to be offered the week of November 20, 2000.
Expected offering price is $40-$50/NETS.

For more information and a copy of the prospectus, go to:
http://www.schwabnet.com/nets/

or speak with a Retail IPO Services representative by calling
1-800-400-6467 from 8am to 8pm ET.

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A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not
yet become effective.  These securities may not be sold nor may
offers to buy be accepted prior to the time the registration
statement becomes effective. This communication shall not
constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sales of these securities in any
jurisdiction in which the offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.

*Epoch Partners, an investment bank, is the Managing Underwriter
for this NETS offering.

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(c)2000 Charles Schwab & Co., Inc. All rights reserved. Member
SIPC/NYSE (1000-4938)

(c)2000 Epoch Partners Member NASD/SIPC

NETS and New Era Trust Securities are service marks
of Epoch Partners.