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FINANCIAL REVIEW

Stockholder Value

Growth in Schwab Customer Assets & Accounts

11-Year Selected Financial and Operating Data

Management's Discussion and Analysis of Results of Operations and Financial Condition

Consolidated Statement of Income

Consolidated Balance Sheet

Consolidated Statement of Cash Flows

Consolidated Statement of Stockholders' Equity

Notes to Consolidated Financial Statements

Management's Report

Independent Auditors' Report

Quarterly Financial Information

Glossary