8-1-95. W$Japer: "Your Home Computer Will Soon Be Your Banker and Broker." The first on-line banking transaction will be a historic moment not unlike the first automobile sale or the first commercial airline flight. It will signal a commercially viable use of a new technology that may ultimately eliminate what until now we have considered the retail aspects of banking, stock brokerage and more. The implications are profound. The promise is electronic access to all financial transactions at substantially lower cost. One's personal computer can, in essence, become an in-home bank branch, brokerage outlet and financial planner. For example, with Intuit's software and with its union with American Express, Smith Barney and 17 large banks, consumers will be able use one link for the first time to access traditional banking, credit- and charge-card services, brokerage services, financial planning and more. The effect on the banking and brokerage business and their employees is going to be profound. The retail sales forces of banks and brokerage houses may shrink substantially, as may the ranks of financial planners. The number of bank and brokerage buildings may also shrink. QIK_san