E TRADE GROUP INC
424B3, 2000-08-17
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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                                        Filed Pursuant to Rule 424(b)(3) and (c)
                                                      Registration No. 333-36748

                  PROSPECTUS SUPPLEMENT DATED AUGUST 8, 2000
                      (TO PROSPECTUS DATED MAY 10, 2000)



                                 54,965 Shares

                              E*TRADE Group, Inc.

                                 Common Stock

          This Prospectus Supplement supplements the Prospectus dated May 10,
2000 (the "Prospectus") of E*TRADE Group, Inc. ("E*Trade" or the "Company")
relating to the public offering, which is not being underwritten, and sale by
certain shareholders of the Company or by pledgees, donees, transferees or other
successors in interest that receive such shares as a gift, partnership
distribution or other non-sale related transfer (the "Selling Shareholders") of
up to 54,965 shares of E*Trade's Common Stock, par value $0.01 per share (the
"Common Stock"), who received such shares in connection with the acquisition by
statutory merger of Card Capture Service, Inc. ("CCS"), by and through a merger
of CCS with and into the Company. This Prospectus Supplement should be read in
conjunction with the Prospectus, and this Prospectus Supplement is qualified by
reference to the Prospectus except to the extent that information herein
contained supersedes the information contained in the Prospectus. Capitalized
terms used in this Prospectus Supplement and not otherwise defined herein have
the meanings specified in the Prospectus.

                              SELLING SHAREHOLDER

          Recently the Herring Family Partnership transferred 54,965 shares of
Common Stock to Prudential Securities Incorporated, which transferee was not
specifically named in the Prospectus.  The following table provides certain
information with respect to the number of shares of Common Stock beneficially
owned by a shareholder of the Company who was not specifically identified in the
Prospectus as a Selling Shareholder, the percentage of outstanding shares of
Common Stock of the Company this represents and the number of shares of Common
Stock to be registered for sale hereby.  The table of Selling Shareholders in
the Prospectus is hereby amended to include Prudential Securities Incorporated
as a Selling Shareholder.

<TABLE>
<CAPTION>
                                              Number of                                 Number of
                                                Shares            Percent of             Shares
                                             Beneficially         Outstanding         Registered for
Name of Selling Shareholder                    Owned(1)             Shares            Sale Hereby(1)
---------------------------                    --------           -----------       -----------------
<S>                                          <C>                  <C>               <C>
Prudential Securities Incorporated               54,965                *                  54,965
</TABLE>
___________________________
* Represents beneficial ownership of less than 1%.

(1)  The registration statement to which the Prospectus and this Prospectus
     Supplement relate shall also cover any additional shares of Common Stock
     which become issuable in connection with the Shares registered for sale
     hereby by reason of any stock dividend, stock split, recapitalization or
     other similar transaction effected without the receipt of consideration
     which results in an increase in the number of the Company's outstanding
     shares of Common Stock.


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