Introducing NASDAQ-100 Index TIERS (sm)
Principal-Protected* Trust Certificates

TIERS Nasdaq-100 Principal-Protected* Trust Certificates are
securities whose return is linked to the performance of
the Nasdaq-100 Index. At maturity, the Trust is scheduled to
repay the entire principal amount of the certificates, plus an
amount based on the return of the Nasdaq-100 Index subject to
a quarterly appreciation cap of 12%.

Payment to the trust will be guaranteed pursuant to the
terms of a financial guaranty insurance policy
issued by Ambac Assurance Corporation.

Expected to be Aaa rating by Moody's and AAA rating by
Standard & Poor's.

Expected to be priced April 11, 2001.
Expected offering price is $10 per certificate.


For more information and a copy of the prospectus,
please go to:

http://www.schwabnet.com/tiers/

or

Speak with a Specialized Product Representative at
1-800-551-1001 ext. 33 from 5:30 a.m. to 3:00 p.m. PDT.

* When held to maturity.

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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 State.

"TIERS" is a registered service mark of Salomon Smith Barney

Charles Schwab & Co.
101 Montgomery Street
San Francisco, CA 94104

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