Mountain View, CA - August 22, 2001 – The economic climate could not be more different than it was a year ago. Compared to last summer, the Dow is down 20%, the S&P has fallen 25% and the NASDAQ is down an alarming 55%. As a result, over $3.5 trillion dollars has been lost. Now more than ever, people are seeking assistance in managing their finances and minimizing their taxes. The Quicken 2002 product line, released today by Intuit Inc. (NASDAQ: INTU) provides consumers with the only financial solution that is both powerful and easy to use, with the best tools available to make better investing and tax decisions. Combined with the award-winning Quicken.com Web site, Quicken 2002 offers consumers the most complete personal financial solution available.

For the past 17 years, Intuit, the leading provider of financial software and Web-based services for consumers, small businesses and accounting professionals, has revolutionized the way people manage their finances. Currently, over 15 million people manage their personal finances with Quicken, the perennial market leader in personal finance software with over 75% of retail unit and dollar sales according to NPD INTELECT. Quicken 2002 products, designed as a direct result of customer research, help consumers save time and steps in the features people use most.

"Due to our time-crunched society, the volatile stock market and the introduction of new, complex tax laws, people are more uncertain about making the right financial decisions," said Theresa McGinness, senior product manager, Intuit. "Quicken 2002 provides the tools to make it easy for them to quickly and confidently take care of financial tasks and help make better decisions."

Research shows that Americans spend an average of 2.2 hours per month balancing their checkbook and 4.9 hours per week monitoring their investments. Quicken 2002 provides a new and always available Setup View for both new users and users upgrading to this version. This streamlined process makes it faster and easier for consumers to set up accounts, bills, online banking, and more.

"By minimizing the time it takes to set up accounts, pay bills and balance their checkbook, consumers can now spend their limited time using the robust analysis and reporting features in Quicken to gain valuable insights into their finances," said McGinness.

• New Setup View
• New Automatic Categorization for first time entered transactions
• Increased connectivity to over 1,700 banks, brokerages and credit card companies
• Improved investment portfolio setup
• New step-by-step budgeting tool
• Improved budget monitoring with customizable budget alerts
• New Automatic Reconcile of your online and register balances

Investor confidence is at a four year low, and for the first time, 401(k) accounts are losing money. In today’s volatile market, many people are seeking guidance on how they can invest more wisely. The investment tools in Quicken 2002 give consumers the power and insight to assess their portfolio’s performance and make better investment decisions.

Quicken 2002 investing features include:

• New Portfolio Analyzer offers consumers a comprehensive investment analysis tool
• Improved Portfolio View helps consumers make tax informed decisions before selling investments
• Integrated access to One-Click Scorecard™ on Quicken.com offers step-by-step evaluation of stocks by four of the nation’s leading investing experts, helping making sense of complex company financial data

Americans overpay approximately $2 billion in taxes each year to the IRS and the average consumer spends 6.7 hours manually calculating state and federal taxes. With the improved tax planning tools in Quicken 2002 Deluxe, it’s easier than ever for consumers to see how new tax laws affect their finances, evaluate tax implications of financial decisions they’re considering, and minimize taxes.

Quicken 2002 tax features include:

• Improved Capital Gains Estimator is the most accurate, personalized estimating tool available
• Improved Tax Planner supports loss carryovers and includes all the new tax rates and laws
• Improved Tax Category Audit makes sure consumers are tracking the proper items for taxes
• Improved Tax Withholding Estimator makes it easier to determine how much consumers should be withholding from their paychecks

Quicken 2002 products leverage the Internet and popular handheld devices to provide anytime, anywhere access to financial information.

Quicken 2002 integrated features include:

• Improved One Step Update now makes it easier to keep your banking and investment records up-to-date on Quicken.com
• Improved integration with Pocket Quicken^® provides consumers access to key financial data on their Palm OS^® handheld. A trial version of Pocket Quicken 2.0 is available on the Quicken 2002 CD.

"There are over 22 million small businesses in America today and they’re pressed for time, faced with cumbersome record-keeping requirements and the complexity of ever-changing tax laws," said McGinness. "Quicken 2002 Home & Business offers customers all the business features they need with the ease they want to help alleviate these challenges."

Quicken 2002 Home & Business provides the best overall solution for tracking personal and business finances either separately or together. The product combines the features of Quicken 2002 Deluxe with additional tools to help small business owners better manage their business finances. With over 30% of Quicken customers managing both their personal and business finances in Quicken, Intuit developed Home & Business specifically for the small business owner.

Quicken 2002 Home & Business features include:

• New vehicle mileage tracking directly exports mileage reports into TurboTax^®
• Customizable invoices and estimates include editing tools to create personalized business forms
• Invoice Presentment and Payment with PayPal^® helps small businesses owners get paid faster
• Synch to Outlook, Palm and ACT! helps save time, ensure accuracy and eliminate double-entry
• The "MiniPlan," provided by Palo Alto Software, helps create business plans and evaluate new business ideas
• Small Business Guidance, provided by Nolo, offers key legal information on starting and running a small business

Quicken 2002 Suite is the most complete way to manage personal finances. It includes: America’s top selling personal finance software, Quicken 2002 Deluxe for Windows; the #1 best-selling tax software, TurboTax Deluxe (for the Tax Year 2001); and Quicken Lawyer 2002 Personal Deluxe, a product that helps create wills, living trusts, powers of attorney, executor’s documents and more.

"Quicken 2002 Suite enables consumers to manage their finances, invest wisely, plan for the future, plan and prepare taxes and prepare important legal documents – all in one place," said McGinness.

TurboTax State for Tax Year 2001 will be offered free to purchasers of Quicken 2002 Suite through a rebate coupon. When the product becomes available in February/March of 2002, consumers may purchase the product and mail in the coupon for a full rebate.

The Quicken 2002 for Windows product line is expected to be widely available by August 22, 2001. Suggested retail prices are as follows:

Consumers can learn more about and purchase Quicken 2002 products at www.quicken2002.com or by calling 800/952-2558. Additional information about Quicken 2002 products is available online at Intuit’s press room located at www.intuit.com/company/press_room/vpk_quicken_win/

NOTE TO EDITORS: Information concerning Quicken 2002 Deluxe for Macintosh can be found in a separate release distributed by Intuit on August 22, 2001. Please call the contacts found on page one of this release if you have any questions.

Intuit Inc. (NASDAQ: INTU) is the leading provider of financial software and Web-based services for consumers, small businesses and accounting professionals. Its flagship products and services, including Quicken^®, QuickBooks^®, Quicken TurboTax^® and Quicken Loans^sm simplify personal finance, small business management and payroll processing, tax preparation and filing, and home loans.

Founded in 1983, Intuit has annual revenues of more than $1 billion and reaches 22 million customers with nearly 5,000 employees in 13 states and four countries. More information can be found at www.Intuit.com.

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Media Contact: Chris Repetto, chris_repetto@intuit.com