Get up to 25 Trades on Us!

E*TRADE the #1 place to invest online(SM)
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Get up to 25 trades in your first month on us...
[IMAGE] [IMAGE] [IMAGE] [IMAGE]Dear larry:

You've wanted to kick the tires. If you apply through this email, this month
we'll let you test drive the whole car. Did we mention you could take it out
25 times?2 You'll also get all the tools and resources that have made
E*TRADEc the #1 place to invest online.

Stocks, bonds, options, and over 5,000 mutual funds
Free S&Pc Stock Reports--a $120 annual value!
Free unlimited real-time quotes
Access to apply for IPOs3
Low trading commissions
24 x 7 customer service and free investor education

(Rebate of up to $19.95 per stock trade, up to 25 trades in first 30 days
your account is open. Broker-assisted trades or trades over 5,000 shares may
incur additional charges.)

Open up a world of opportunity -- join E*TRADEc today. We look forward to
welcoming you as a brokerage customer.

Sincerely,

Connie Dotson
Chief Service Quality Officer
E*TRADE Securities, Inc.

P.S. Call us at 1-800-654-2360, and we'll help you fill out your application
over the phone and mail it to you for your signature. Just mention special
offer code L94. [IMAGE] [IMAGE] [IMAGE]
It's your money(SM)

[IMAGE] 1E*TRADE ranked the #1 Internet broker by the Lafferty Internet
Ratings annual survey (9/00).

2Offer not valid for E*TRADE Bank, IRAs, retirement, business, or club
accounts. Excludes existing E*TRADE brokerage customers or non-residents of
the U.S. A $19.95 cash rebate for each stock trade, up to a maximum of 25
trades for the first 30 days your account is open, will be credited to your
account. You will pay the normal rate on all stock trades at the time of the
transaction, and your account will be credited with the rebate within eight
weeks after your account is opened and funded. For listed securities orders
over 5,000 shares, per share for the entire order, add $.01 per share. For
broker assisted trades, add $35. The rebate applies to stock transactions
only. Limit one new account bonus per type of account. To be eligible,
account holders must maintain minimum funding in all accounts ($500 for cash
accounts, $2,000 for margin accounts, less any trading losses), for a
minimum of six months. An account maintenance fee may apply after twelve
months. E*TRADE reserves the right to terminate this offer at any time. Not
valid with any other offer. Other terms apply.

3 IPO suitability requirements apply. No guarantee of receiving IPO shares.
Please be advised that public offerings are not suitable for all investors.
Public offerings are highly volatile and risky and should not be considered
by investors with conservative investment objectives or low tolerance for
risk.

System response 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.

Copyright 2000 E*TRADE Securities, Inc. Member NASD/SIPC. All rights
reserved. E*TRADE, the E*TRADE logo, and "the #1 place to invest online" are
trademarks or registered trademarks of E*TRADE Securities, Inc. All other
trademarks and registered trademarks mentioned herein are the property of
their respective owners.\n

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