Exhibit 99.1

               STATEMENT UNDER OATH OF PRINCIPAL EXECUTIVE OFFICER
             REGARDING FACTS AND CIRCUMSTANCES RELATING TO EXCHANGE
                                  ACT FILINGS

I, Christos M. Cotsakos, state and attest that:

     (1)  To the best of my knowledge, based upon a review of the covered
          reports of E*TRADE Group, Inc., and, except as corrected or
          supplemented in a subsequent covered report:

          o    no covered report contained an untrue statement of a material
               fact as of the end of the period covered by such report (or in
               the case of a report on Form 8-K or definitive proxy materials,
               as of the date on which it was filed); and

          o    no covered report omitted to state a material fact necessary to
               make the statements in the covered report, in light of the
               circumstances under which they were made, not misleading as of
               the end of the period covered by such report (or in the case of a
               report on Form 8-K or definitive proxy materials, as of the date
               on which it was filed).

     (2)  I have reviewed the contents of this statement with the Company's
          audit committee.

     (3)  In this statement under oath, each of the following, if filed on or
          before the date of this statement, is a "covered report":

          o    the Annual Report on Form 10-K for the fiscal year ended December
               31, 2001 of E*TRADE Group, Inc.;

          o    all reports on Form 10-Q, all reports on Form 8-K and all
               definitive proxy materials of E*TRADE Group, Inc. filed with the
               Commission subsequent to the filing of the Form 10-K identified
               above; and

          o    any amendments to any of the foregoing.


     /s/ Christos M. Cotsakos                   Subscribed and sworn to
     ---------------------------                before me this 12th day
     Christos M. Cotsakos, Ph.D                 of August, 2002.

     Dated: August 12, 2002                     /s/ Cynthia Bock
                                                ------------------------
                                                Notary Public
                                                My Commission Expires:
                                                January 20, 2006