Fidelity Investments Teams With Quicken Turbotax toOffer Free Online Tax Preparation and...

SAN DIEGO--(BUSINESS WIRE)--Dec. 7, 1999--

Offer will help Fidelity customers with online tax preparation

and filing during busy tax season

Intuit Inc. (NASDAQ: INTU) today announced that Fidelity Investments(R) will offer Quicken(R) TurboTax(R) for the Web(sm), the leading

online tax preparation and filing service, to its customers through Powerstreet(sm), online trading @ fidelity.com. Powerstreet - Fidelity's new, enhanced online investing site - provides investors with a comprehensive arsenal of new and expanded financial planning and trading tools, technology and resources in one, integrated, easy-to-access location via the web.

"We are excited to offer Fidelity customers the opportunity to prepare and file their taxes online with TurboTax for the Web. This is another example of the innovative products and services we're making available through Powerstreet for Fidelity's online customers," said Tracey Curvey, executive vice president, Fidelity Online Brokerage."

Fidelity's offering will include free federal and state tax preparation and electronic filing for the fastest refunds. TurboTax for the Web, which conveniently brings all the simplicity and expertise of the No. 1-selling TurboTax program to the Web, will be available in mid-January 2000. Last year, a quarter of a million taxpayers prepared their tax return using TurboTax for the Web, and all tax filers will again be able to access the service this year at www.turbotax.com.

About Quicken TurboTax

Quicken TurboTax is the No. 1-selling tax preparation software program, with approximately 70% retail unit share in 1999, according to PC Data. Its Web-based counterpart, Quicken TurboTax for the Web, is the leading site for online tax preparation and filing. In addition, Intuit offers Quicken TurboTax Home & Business (designed exclusively for self-employed taxpayers) and Quicken TurboTax for Business for Corporations and Partnerships. With 16 years of personal finance expertise, the TurboTax family of products saves time and money for millions of Americans each year.

About Fidelity Investments

Fidelity Investments is the nation's largest mutual fund company and a leading provider of financial services. Fidelity offers investment management, retirement, brokerage and shareholder services directly to individuals and institutions, and through financial intermediaries. The firm also is the No. 1 provider of 401(k) retirement savings plans, the second largest discount brokerage firm and the third largest provider of 403(b) retirement plans for not-for-profit institutions in the United States. At October 31, 1999, Fidelity had total managed assets of $870.6 billion.

About Intuit Inc.

Intuit Inc. (NASDAQ: INTU) is the leader in e-finance, including financial software and Web-based services. Intuit develops and markets Quicken, the leading personal finance software; TurboTax, the best-selling tax preparation software; and QuickBooks, the most popular small business accounting software. Intuit's Quicken.com(tm) Website (www.Quicken.com) is a leading financial Website, offering a comprehensive set of financial news, information and tools, including insurance, mortgage, investment and tax preparation services. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses.

Intuit, the Intuit logo, Quicken, QuickBooks and TurboTax, among others, are registered trademarks and/or registered service marks of Intuit Inc. or one of its subsidiaries. Quicken.com and Quicken TurboTax for the Web, among others, are trademarks and/or service marks of Intuit Inc. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.