E*Trade customer appreciation

Dear Any Donkey

As you know, the past few months have been challenging for the financial services industry.

However, there is some good news. E*TRADE FINANCIAL Corp. has recently received a $2.5 billion capital infusion from one of the world's leading investment firms. This is a clear vote of confidence, solidifying the ability to deliver the value you have come to enjoy—today and into the future.

To celebrate this strategic transaction and thank you for your continuing loyalty, we are declaring Wednesday, December 19, 2007, as E*TRADE Customer Appreciation Day.

For a full 24 hours eligible stock, options and futures trades entered at E*TRADE Securities will not be charged a commission . . .

At E*TRADE, nothing is more important to us than our customers. We thank you for your ongoing faith in us, and look forward to serving you for many years to come.

Sincerely,

Jarrett Lilien
Chief Executive Officer
E*TRADE Securities LLC