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To: Les H who wrote (8214)	3/15/1999 3:56:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 99985

Les: What is Fatburger going to do when Clinton leaves office... : > Jim

To: Les H who wrote (8214)	3/15/1999 4:09:00 PM
From: Les H	Respond to of 99985

Schwab Unveils New Certificate of Deposit With Returns Linked To the S&P 500(R) FDIC-Insured CD Helps Conservative Investors Participate in the Returns Of the Equity Markets SAN FRANCISCO, March 15 /PRNewswire/ -- Charles Schwab & Co., Inc. today announced the introduction of the company's first equity-linked certificate of deposit that offers a 100% return of principal when held to maturity, and has a maturity value linked to the average return on the S&P 500® Index. The product is designed for conservative investors who want to protect their principal but still take advantage of the higher potential returns available through the equity markets. ''Schwab wants to provide individuals with a greater ability to meet their investment objectives by offering a broader range of investment choices,'' said Leslie L. Durschinger, Schwab's Vice President, Structured Products, Schwab Capital Markets & Trading Group. ''While many individuals prefer fixed rate investments, such as bonds, they also want to achieve the growth potential of equities. Equity-linked CDs are becoming a popular vehicle for investors who wish to enhance a fairly conservative portfolio or reduce the overall risk of a portfolio that is heavily weighted in equities.'' Schwab's equity-linked CD offers: * 100% principal protection -- on the initial investment if held to maturity * 100% participation in the average returns of the S&P 500® Index * Approximate maturity range of 5 years * FDIC insurance up to $100,000 per account * $10,000 minimum investment The timing of this launch coincides with the IRA season, a time when investors may be looking at their investment options. For the initial offering, Schwab has partnered with First Union National Bank who will be the issuer for the equity-linked CD. The offering period for the launch will be March 15 to March 26 1999 (11 a.m. EST). Charles Schwab & Co., Inc., (member SIPC/NYSE) serves over five million active accounts with more than $521 billion in assets. Schwab provides a full-service investing experience to customers through a multi-dimensional offering of the Internet, 295 branch offices, voice recognition and touch-tone telephone technologies, multilingual and international technologies, and direct access to its professionals around-the-clock. NOTE: ''Standard & Poor's®,'' ''S&P®,'' ''S&P 500®,'' ''Standard & Poor's 500®,'' and ''500®'' are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by the issuer of the ECDs, its subsidiaries and affiliates. The ECDs are not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in the ECDs.