E*TRADE and Target Extend Co-Marketing Alliance With Plans for 20 New 'E*TRADE Zones' and Over 1,000 ATMs

E*TRADE Becomes Exclusive Provider of ATMs in Traditional Target Stores

And Target Greatland Stores and Completes Agreement to Open 20 Additional

Professionally Staffed 'E*TRADE Zones' in SuperTarget Stores



Apr 11, 2001, 01:00 ET from E*TRADE Group, Inc.

    MENLO PARK, Calif., April 11 /PRNewswire/ --
 E*TRADE Group, Inc. (NYSE:   ET) today announced that it has signed an agreement
 with Target Stores (NYSE:   TGT) under which E*TRADE becomes the exclusive
 automated teller machine (ATM) network for all traditional Target stores and
 Target Greatland stores nationwide, through its E*TRADE Access subsidiary.
 Through the deal, E*TRADE is significantly expanding the reach of its ATM
 network, installing more than 1,000 E*TRADE-branded units over the next two
 years.  E*TRADE currently operates ATMs in 110 Target stores, and in more than
 10,000 other independent locations nationwide.
     In addition, the companies have completed an agreement to open E*TRADE
 Zones in 20 additional SuperTarget stores during the course of this year,
 based on the success of a pilot zone first launched in September of 2000 in
 Roswell, Georgia.  E*TRADE Zones are 400 square-foot E*TRADE stores, staffed
 with E*TRADE licensed sales and service representatives, located within
 SuperTarget stores.
     "Joining forces with Target, one of the leadership brands in today's
 retail marketplace, is another milestone in E*TRADE's ongoing strategy to
 integrate advanced technology and physical touchpoints, creating superior
 value, convenience and access for customers," said Jerry Gramaglia, president
 and chief operating officer, E*TRADE Group, Inc.  "By significantly expanding
 our retail presence and nationwide ATM network, we're adding an important new
 distribution platform to expand the market for our growing selection of
 integrated financial products and services."
     These moves are expected to further differentiate E*TRADE in the market
 for online financial services.  By increasing the size and scope of its
 E*TRADE Zones and its ATM fleet, already the third largest in the nation,
 E*TRADE will extend its physical touch points, which will serve to
 cost-effectively expand E*TRADE's brand leadership and deepen its relationship
 with existing customer households nationwide.
     "By further enhancing our relationship with E*TRADE, we are able to make
 the in-store experience for our guests even more robust and convenient," said
 Jerry Storch, vice chairman of Target Corporation.  "It is our goal at Target
 to be not only a successful discount retailer but also a trusted and valued
 financial services partner to our guests.  With the addition of 20 E*TRADE
 Zones and the integration of E*TRADE's fleet of ATMs into our stores, which
 complement the financial services we already offer through the Target Guest
 Card, we are well on our way toward achieving that goal."
     "In today's changing market environment, investors want to know that they
 have both electronic and physical access to information, products and services
 to meet their individual investment needs," said Mitchell H. Caplan, chief
 global banking and asset gathering officer of E*TRADE Group, Inc.  "E*TRADE
 Access can deliver the convenience of a branded physical presence through a
 cost-effective ATM network that adds value for our customers, our company and
 our retail partners."
     With this deal, E*TRADE Access continues to lay the groundwork for the
 development of its next-generation ATM network, leveraging its own management
 proficiency with the advanced capabilities of Wincor Nixdorf ATMs, coupled
 with the technology expertise and services of IBM.  E*TRADE Access selected
 Wincor Nixdorf because they provide capabilities for advanced functionality,
 including smart card technology, touch-screen capabilities and enhanced
 merchandising opportunities.  These ATMs are distributed in the United States
 by IBM, one of the most widely recognized brands in technology today.
     E*TRADE and Target also operate a co-branded web site located at
 www.target.etrade.com, which is designed to give customers a better
 understanding of the financial tools and services offered by E*TRADE, in
 addition to giving Target guests special value-added offers when they open
 E*TRADE Bank or E*TRADE Securities, Inc. brokerage accounts through the
 co-branded site.
 
     About E*TRADE
     E*TRADE is a global leader in online personal financial services, offering
 value-added investing, banking and research features, premium customer service
 and a redundant, proprietary Stateless Architecture(R) infrastructure.  In
 addition to the U.S., E*TRADE presently serves customers in Australia, Canada,
 Denmark, Hong Kong, Korea, Japan, New Zealand, Norway, South Africa, Sweden
 and the U.K. through branded web sites.  E*TRADE Securities, Incorporated
 (Member NASD/SIPC), and its parent company, E*TRADE Group, Inc., have offices
 in Northern California and in other major business centers in the U.S. and
 worldwide.
 
     About E*TRADE Access
     E*TRADE Access Inc. is a wholly owned subsidiary of E*TRADE Group Inc.
 Founded in 1993, E*TRADE Access is a pioneer of the independent ATM industry
 and the nation's largest off-premise ATM network providing a turnkey solution
 for a growing number of consumer-based businesses.  With a network of
 35 dealers and more than 10,000 ATMs, E*TRADE Access is the third largest ATM
 network nationwide based on ABA Data as of July 27, 2000.  The company offers
 a proprietary centralized network operations center providing remote
 monitoring and real time distribution of software and services.
 
     About Target Stores
     Minneapolis-based Target Stores serves guests at 991 stores in 46 states
 nationwide by delivering today's best retail trends at affordable prices.
 Whether visiting a Target store or shopping online at target.com, guests enjoy
 a fun and convenient shopping experience with access to thousands of unique
 and highly differentiated items.  The largest division of Target Corporation,
 Target Stores gives back more than $1 million a week to its local communities
 through grants and special programs.  Since opening its first store in
 1962, Target has partnered with nonprofit organizations, guests and team
 members to help meet community needs.
 
     Important Notice
     E*TRADE, Destination E*TRADE and Stateless Architecture are registered
 trademarks or trademarks of E*TRADE Group, Inc or its subsidiaries.  All other
 trademarks are properties of their respective owners.  The statements
 contained in this news release that are forward-looking are based on current
 expectations that are subject to a number of uncertainties and risks, and
 actual results may differ materially.  The uncertainties and risks include,
 but are not limited to, changes in market activity, market acceptance of the
 Destination E*TRADE web site, anticipated increases in the rate of new
 customer acquisition, the conversion of new visitors to the site to customers,
 seasonality, the development of new products and services, the enhancement of
 existing products and services, competitive pressures (including price
 competition), system failures, economic and political conditions, changes in
 consumer behavior and the introduction of competing products having
 technological and/or other advantages.  Further information about these risks
 and uncertainties can be found in the information included in the annual
 report filed by the company with the SEC on Form 10-K (including information
 under the caption "Risk Factors") and quarterly reports on Form 10-Q.
     E*TRADE Bank and E*TRADE Securities, Inc. are affiliated but separate
 companies.  Investment products made available from E*TRADE Securities, Inc.
 are not insured by the FDIC, are not guaranteed deposits or obligation of
 E*TRADE Bank and are subject to investment risk, including loss of principal
 amount invested.
     System response and account access time may vary due to market conditions,
 trading volume, system performance and other factors.
 
     CONTACT:  Deborah Newman of E*TRADE Bank, 703-247-3702, or
 dnewman@etradebank.com; or Patty Morris of Target Stores, 612-304-1908, or
 patty.morris@target.com.
 
 

SOURCE E*TRADE Group, Inc.
    MENLO PARK, Calif., April 11 /PRNewswire/ --
 E*TRADE Group, Inc. (NYSE:   ET) today announced that it has signed an agreement
 with Target Stores (NYSE:   TGT) under which E*TRADE becomes the exclusive
 automated teller machine (ATM) network for all traditional Target stores and
 Target Greatland stores nationwide, through its E*TRADE Access subsidiary.
 Through the deal, E*TRADE is significantly expanding the reach of its ATM
 network, installing more than 1,000 E*TRADE-branded units over the next two
 years.  E*TRADE currently operates ATMs in 110 Target stores, and in more than
 10,000 other independent locations nationwide.
     In addition, the companies have completed an agreement to open E*TRADE
 Zones in 20 additional SuperTarget stores during the course of this year,
 based on the success of a pilot zone first launched in September of 2000 in
 Roswell, Georgia.  E*TRADE Zones are 400 square-foot E*TRADE stores, staffed
 with E*TRADE licensed sales and service representatives, located within
 SuperTarget stores.
     "Joining forces with Target, one of the leadership brands in today's
 retail marketplace, is another milestone in E*TRADE's ongoing strategy to
 integrate advanced technology and physical touchpoints, creating superior
 value, convenience and access for customers," said Jerry Gramaglia, president
 and chief operating officer, E*TRADE Group, Inc.  "By significantly expanding
 our retail presence and nationwide ATM network, we're adding an important new
 distribution platform to expand the market for our growing selection of
 integrated financial products and services."
     These moves are expected to further differentiate E*TRADE in the market
 for online financial services.  By increasing the size and scope of its
 E*TRADE Zones and its ATM fleet, already the third largest in the nation,
 E*TRADE will extend its physical touch points, which will serve to
 cost-effectively expand E*TRADE's brand leadership and deepen its relationship
 with existing customer households nationwide.
     "By further enhancing our relationship with E*TRADE, we are able to make
 the in-store experience for our guests even more robust and convenient," said
 Jerry Storch, vice chairman of Target Corporation.  "It is our goal at Target
 to be not only a successful discount retailer but also a trusted and valued
 financial services partner to our guests.  With the addition of 20 E*TRADE
 Zones and the integration of E*TRADE's fleet of ATMs into our stores, which
 complement the financial services we already offer through the Target Guest
 Card, we are well on our way toward achieving that goal."
     "In today's changing market environment, investors want to know that they
 have both electronic and physical access to information, products and services
 to meet their individual investment needs," said Mitchell H. Caplan, chief
 global banking and asset gathering officer of E*TRADE Group, Inc.  "E*TRADE
 Access can deliver the convenience of a branded physical presence through a
 cost-effective ATM network that adds value for our customers, our company and
 our retail partners."
     With this deal, E*TRADE Access continues to lay the groundwork for the
 development of its next-generation ATM network, leveraging its own management
 proficiency with the advanced capabilities of Wincor Nixdorf ATMs, coupled
 with the technology expertise and services of IBM.  E*TRADE Access selected
 Wincor Nixdorf because they provide capabilities for advanced functionality,
 including smart card technology, touch-screen capabilities and enhanced
 merchandising opportunities.  These ATMs are distributed in the United States
 by IBM, one of the most widely recognized brands in technology today.
     E*TRADE and Target also operate a co-branded web site located at
 www.target.etrade.com, which is designed to give customers a better
 understanding of the financial tools and services offered by E*TRADE, in
 addition to giving Target guests special value-added offers when they open
 E*TRADE Bank or E*TRADE Securities, Inc. brokerage accounts through the
 co-branded site.
 
     About E*TRADE
     E*TRADE is a global leader in online personal financial services, offering
 value-added investing, banking and research features, premium customer service
 and a redundant, proprietary Stateless Architecture(R) infrastructure.  In
 addition to the U.S., E*TRADE presently serves customers in Australia, Canada,
 Denmark, Hong Kong, Korea, Japan, New Zealand, Norway, South Africa, Sweden
 and the U.K. through branded web sites.  E*TRADE Securities, Incorporated
 (Member NASD/SIPC), and its parent company, E*TRADE Group, Inc., have offices
 in Northern California and in other major business centers in the U.S. and
 worldwide.
 
     About E*TRADE Access
     E*TRADE Access Inc. is a wholly owned subsidiary of E*TRADE Group Inc.
 Founded in 1993, E*TRADE Access is a pioneer of the independent ATM industry
 and the nation's largest off-premise ATM network providing a turnkey solution
 for a growing number of consumer-based businesses.  With a network of
 35 dealers and more than 10,000 ATMs, E*TRADE Access is the third largest ATM
 network nationwide based on ABA Data as of July 27, 2000.  The company offers
 a proprietary centralized network operations center providing remote
 monitoring and real time distribution of software and services.
 
     About Target Stores
     Minneapolis-based Target Stores serves guests at 991 stores in 46 states
 nationwide by delivering today's best retail trends at affordable prices.
 Whether visiting a Target store or shopping online at target.com, guests enjoy
 a fun and convenient shopping experience with access to thousands of unique
 and highly differentiated items.  The largest division of Target Corporation,
 Target Stores gives back more than $1 million a week to its local communities
 through grants and special programs.  Since opening its first store in
 1962, Target has partnered with nonprofit organizations, guests and team
 members to help meet community needs.
 
     Important Notice
     E*TRADE, Destination E*TRADE and Stateless Architecture are registered
 trademarks or trademarks of E*TRADE Group, Inc or its subsidiaries.  All other
 trademarks are properties of their respective owners.  The statements
 contained in this news release that are forward-looking are based on current
 expectations that are subject to a number of uncertainties and risks, and
 actual results may differ materially.  The uncertainties and risks include,
 but are not limited to, changes in market activity, market acceptance of the
 Destination E*TRADE web site, anticipated increases in the rate of new
 customer acquisition, the conversion of new visitors to the site to customers,
 seasonality, the development of new products and services, the enhancement of
 existing products and services, competitive pressures (including price
 competition), system failures, economic and political conditions, changes in
 consumer behavior and the introduction of competing products having
 technological and/or other advantages.  Further information about these risks
 and uncertainties can be found in the information included in the annual
 report filed by the company with the SEC on Form 10-K (including information
 under the caption "Risk Factors") and quarterly reports on Form 10-Q.
     E*TRADE Bank and E*TRADE Securities, Inc. are affiliated but separate
 companies.  Investment products made available from E*TRADE Securities, Inc.
 are not insured by the FDIC, are not guaranteed deposits or obligation of
 E*TRADE Bank and are subject to investment risk, including loss of principal
 amount invested.
     System response and account access time may vary due to market conditions,
 trading volume, system performance and other factors.
 
     CONTACT:  Deborah Newman of E*TRADE Bank, 703-247-3702, or
 dnewman@etradebank.com; or Patty Morris of Target Stores, 612-304-1908, or
 patty.morris@target.com.
 
 SOURCE  E*TRADE Group, Inc.