Exhibit 99.1

[CREDIT SUISSE LOGO]

                                                      Corporate Communications
                            PRESS RELEASE
                                                      CREDIT SUISSE FIRST BOSTON
                                                      Eleven Madison Avenue
                                                      New York, NY 10010-3629




                                                     FOR IMMEDIATE RELEASE


            CREDIT SUISSE FIRST BOSTON (USA), INC. OFFERS TO ACQUIRE
             ALL OUTSTANDING SHARES OF ITS SERIES B PREFERRED STOCK
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NEW YORK, OCTOBER 30, 2001- Credit Suisse First Boston (USA), Inc. announces its
offer to acquire all of the outstanding shares of its Fixed/Adjustable Rate
Cumulative Preferred Stock, Series B (liquidation preference $50.00 per share)
(NYSE: DLJPRB) (CUSIP # 257661 30 6), for $52.20 per share, plus accrued and
unpaid dividends. The offer will expire at 9:00 a.m. on Thursday, November 29,
2001, unless the offer is extended.

The offer is not subject to a minimum number of shares having been tendered but
is subject to customary conditions for transactions of this type.

CSFB (USA), formerly known as Donaldson, Lufkin & Jenrette, Inc., is a
subsidiary of Credit Suisse Group and part of the Credit Suisse First Boston
business unit and was acquired in November 2000 by Credit Suisse Group.

Holders who have any questions regarding the terms of the offer should contact
the Dealer Manager, Credit Suisse First Boston Corporation, at (800) 820-1653 or
(212) 538-8474. Copies of the Offer to Purchase, the Letter of Transmittal or
any related documents may be obtained from D.F. King, the Information Agent, at
(800) 769-5414 or (212) 269-5550.

This press release is neither an offer to purchase nor the solicitation of an
offer to sell any securities of CSFB (USA). Investors are urged to read the
relevant tender offer documents that will be filed with the Securities and
Exchange Commission by CSFB (USA) because they will contain important
information concerning the offer. You will be able to obtain a free copy of the
documents filed with the Commission by CSFB (USA) at the Commission's website at
http://www.sec.gov.
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Credit Suisse First Boston (CSFB) is a leading global investment bank serving
institutional, corporate, government and individual clients. CSFB's businesses
include securities underwriting, sales and trading, investment banking, private
equity, financial advisory services, investment research, venture capital,
correspondent brokerage services and retail online brokerage services. It
operates in over 87 locations across more than 39 countries on 6 continents, and
has some 28,000 staff worldwide. The Firm is a business unit of the Zurich based
Credit Suisse Group, a leading global financial services company. For more
information on Credit Suisse First Boston, please visit our website at
http://www.csfb.com.
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Press Contacts: Pen Pendleton        CSFB - New York            (212) 325-2590