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Non-Tech : Always Looking for Cheap Internet Brokers -- Ignore unavailable to you. Want to Upgrade?

To: melinda abplanalp who wrote (15)	11/15/1997 1:19:00 PM
From: mtnres	Respond to of 602

All the info says DE Shaw for Farsight I will post the email for you.

To: melinda abplanalp who wrote (15)	11/15/1997 1:20:00 PM
From: mtnres	Read Replies (2) \| Respond to of 602

Subject: Pilot Program Update Date: Fri, 14 Nov 1997 20:54:52 -0500 From: FarSight Customer Service <service@boston.farsight.com> To: FarSight Customer Service <service@boston.farsight.com> Dear FarSight Pilot Program Customer, Thank you for taking part in the FarSight Pilot Program and for helping us realize our vision of integrated online personal finance. Your feedback has been invaluable. We want to take this opportunity to answer the questions many of our Pilot customers have had about new features, the status of the Pilot Program, and our future pricing plans. Our three most requested features are news, real-time quotes, and options trading. News will be introduced within the next week or so. We expect to offer real-time quotes by the end of this year, and options trading in 1998. We are pleased to announce that FarSight is now making its services available to the general public through strategic alliances with a select group of financial institutions. For each of these alliances, FarSight creates and maintains a customized Web presence that unites the allied firm's existing offerings with FarSight's own services. In addition, FarSight will be maintaining its Pilot Program. You will continue to have the opportunity to try out new features and help us shape FarSight's service, all the while enjoying top-quality customer service and low commission rates. Our Pilot Program is our most valuable resource, and we look forward to continuing to provide exemplary service to our loyal customers. The Pilot Program will be implementing a new commission and fee schedule effective January 12, 1998, as detailed below. This information is also available online on the Fee Schedule page in the Basics menu. As previously indicated, FarSight is not adopting a "deep discount" position. The new commission and fee schedule is, however, highly competitive with the market. As always, if you have any questions, please contact Customer Service at 800-830-7483 or service@farsight.com. Once again, we'd like to thank you for helping to develop FarSight and for helping us become the premier integrated online financial service. Sincerely, Stephan Summa Executive Vice President and General Manager FarSight Financial Services, L.P. New Commission and Fee Schedule, effective January 12, 1997 ------------------------------------------------------------------------ ----- Stock Commissions (Listed and OTC): $20 flat fee per trade for orders up to 1,000 shares. Additional $0.02 per share over 1,000 shares. No postage or service fees. (Stocks trading at less than $1 will incur an overriding minimum of $20 and a maximum of 5% of principal.) Mutual Funds Over 380 of our no-load mutual funds are available with no transaction fees. Please see the Fund Finder in Brokerage Menu to find our catalog of no-transaction-fee funds. There is a per order minimum of $1,000 for the initial order ($250 for IRA accounts) and $250 for subsequent orders, or the fund minimum. Please consult the prospectus for fund minimums. $35 per purchase or redemption, and $25 per exchange for other no-load funds. There is a per order minimum of $1,000 for the initial order ($250 for IRA accounts) and $250 for subsequent orders, or the fund minimum. Please consult the prospectus for fund minimums. No transaction fee for load funds. Sales loads will apply; please refer to the fund's prospectus. There is a per order minimum of $5,000 for the initial order ($250 for IRA accounts) and $1000 for subsequent orders ($250 for IRA accounts), or the fund minimum. Please consult the prospectus for fund minimums. Mutual funds offered by prospectus only. You can request a free prospectus online for any mutual fund available through FarSight. Integrated Financial Services FarSight's cash management services will be available in one of the following service packages. Monthly fees for these service packages will be waived for accounts that maintain a minimum of $10,000 in equity during that month. Standard Services: No monthly fee. Includes limited checking capabilities ($500 minimum per check). Preferred Services: $4 per month. Includes unlimited checking, free checks, unlimited Visa Gold debit/ATM card transactions (no charge for point-of-sale purchases, $1 per ATM withdrawal). Premium Services: $5 per month. Includes all Preferred Services, plus online bill payment. There are no transaction charges or minimums for online bill payment. Administrative Fees -------------------------- Brokerage IRA or SEP-IRA Annual Maintenance Fee: $35.00 (waived for accounts with over $10,000 in total equity) IRA or SEP-IRA Termination Fee: $50.00 Mailgrams (House or Fed Call): $15.00 Extensions: $15.00 Late Payments: Brokers' Call + 2% Fixed Income Transfer: $25.00 Foreign Securities Transfer: $75.00 Legal Transfer: $25.00 Tenders (Voluntary or Involuntary): $15.00 Restricted Stock (144) Processing Fee: $150.00 Transfer and Ship Fees: $25.00 Outgoing Wire Transfers: $20.00 Overnight Delivery of Check: $15.00 Returned Deposit Check: $25.00 Duplicate Statement: $10.00 Inactive Account Fees: $50.00 Online Bill Payment Insufficient Funds: $15.00 Stop Payment: $15.00 Overnight Delivery of Re-Issued Payment: $15.00 Checking Insufficient Funds: $15.00 Stop Payment: $15.00 Check Copy: $2.50 (first 3 checks or drafts free) Visa Gold Debit/ATM card Point of Sale Purchase: No Charge ATM Withdrawals: $1.00 Copy of Sales Draft: $2.50 (first 3 checks or drafts free)