content: <PAGE>
   
                         SECURITIES AND EXCHANGE COMMISSION
   
                               Washington, D.C. 20549
   
   
                                   _______________
   
   
                                      FORM 8-K
   
                                   CURRENT REPORT
   
   
                       Pursuant to Section 13 or 15(d) of the
   
                           Securities Exchange Act of 1934
  
  
  Date of Report (Date of earliest event reported) June 3, 1998
                                                   -------------------------------
  
                                 E*TRADE Group, Inc.
  --------------------------------------------------------------------------------
                 (Exact name of registrant as specified in charter)
  
  
  
          Delaware                      1-11921                  94-2844166    
  --------------------------------------------------------------------------------
  (State or other jurisdiction        (Commission               (IRS Employer
       of incorporation)                 File No.             Identification No.)
  
  
  
  Four Embarcadero Place, 2400 Geng Road, Palo Alto, California        94303  
  --------------------------------------------------------------------------------
  (Address of principal executive offices)                          (Zip Code)
  
  
  
  Registrant's telephone number, including area code   (650) 842-2500
                                                     -----------------------------
  
                                  Not Applicable
  --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report.)
  <PAGE>
   
  Item 5  OTHER EVENTS
  
       On June 3, 1998, E*TRADE Group, Inc. ("E*TRADE") entered into an agreement
  with SOFTBANK CORP. to form a joint venture company in Japan, E*TRADE Japan K.K.
  A copy of the joint venture agreement is attached hereto as Exhibit 10.1 and
  incorporated herein by reference. A copy of the press release announcing the
  agreement to form the joint venture company is attached hereto as Exhibit 99.1
  and incorporated herein by reference.
  
       In connection with the formation of E*TRADE Japan K.K., E*TRADE borrowed
  567,000,000 Japanese yen from SOFTBANK CORP. pursuant to a promissory note due
  January 10, 2003. A copy of the promissory note is attached hereto as Exhibit
  10.2 and incorporated herein by reference.
  
       On June 5, 1998, E*TRADE entered into a stock purchase agreement to sell,
  at its option, up to $50 million of E*TRADE common stock to SOFTBANK Holdings,
  Inc. within 18 months of the date of signing (the "Stock Purchase Agreement"). A
  copy of the Stock Purchase Agreement is attached hereto as Exhibit 10.3 and
  incorporated herein by reference. A copy of the press release announcing the
  Stock Purchase Agreement is attached hereto as Exhibit 99.2 and incorporated
  herein by reference.
  
  
  
  Item 7  FINANCIAL STATEMENTS AND EXHIBITS
  
   
     (c) Exhibits.   The following documents are filed as exhibits to this report:
  
         10.1        Joint Venture Agreement dated June 3, 1998 between E*TRADE
                     Group, Inc. and SOFTBANK CORP.
  
         10.2        Promissory Note dated June 5, 1998 issued by E*TRADE
                     Group, Inc. to SOFTBANK CORP.
  
         10.3        Stock Purchase Agreement dated June 5, 1998 between
                     E*TRADE Group, Inc. and SOFTBANK Holdings, Inc.
  
         99.1        Press Release, dated June 3, 1998, issued by E*TRADE Group,
                     Inc. announcing the agreement to form a joint venture company
                     in Japan.
  
         99.2        Press Release, dated June 3, 1998, issued by E*TRADE Group,
                     Inc. announcing the Stock Purchase Agreement.
   
  <PAGE>
   
                                    SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange Act of 1934, the
  registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
  
                                              E*TRADE Group, Inc.
                                              (Registrant)
  
  Date:  June 12, 1998                By:     /s/ Leonard C. Purkis
                                              -----------------------------------
                                                  Leonard C. Purkis
                                                  Title: Chief Financial Officer
  <PAGE>
   
                                   EXHIBIT INDEX
  
  
  Exhibit   Description
  -------   -----------
  
  10.1      Joint Venture Agreement dated June 3, 1998 between E*TRADE
            Group, Inc. and SOFTBANK CORP.
  
  10.2      Promissory Note dated June 5, 1998 issued by E*TRADE
            Group, Inc. to SOFTBANK CORP.
  
  10.3      Stock Purchase Agreement dated June 5, 1998 between
            E*TRADE Group, Inc. and SOFTBANK Holdings, Inc.
  
  99.1      Press Release, dated June 3, 1998, issued by E*TRADE Group,
            Inc. announcing the agreement to form a joint venture company
            in Japan.
  
  99.2      Press Release, dated June 3, 1998, issued by E*TRADE Group,
            Inc. announcing the Stock Purchase Agreement.
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text: SECURITIES AND EXCHANGE COMMISSION
   
                               Washington, D.C. 20549
   
   
                                   _______________
   
   
                                      FORM 8-K
   
                                   CURRENT REPORT
   
   
                       Pursuant to Section 13 or 15(d) of the
   
                           Securities Exchange Act of 1934
  
  Date of Report (Date of earliest event reported) June 3, 1998
                                                   -------------------------------
  
                                 E*TRADE Group, Inc.
  --------------------------------------------------------------------------------
                 (Exact name of registrant as specified in charter)
  
          Delaware                      1-11921                  94-2844166    
  --------------------------------------------------------------------------------
  (State or other jurisdiction        (Commission               (IRS Employer
       of incorporation)                 File No.             Identification No.)
  
  Four Embarcadero Place, 2400 Geng Road, Palo Alto, California        94303  
  --------------------------------------------------------------------------------
  (Address of principal executive offices)                          (Zip Code)
  
  Registrant's telephone number, including area code   (650) 842-2500
                                                     -----------------------------
  
                                  Not Applicable
  --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report.)
  Item 5  OTHER EVENTS
  
       On June 3, 1998, E*TRADE Group, Inc. ("E*TRADE") entered into an agreement
  with SOFTBANK CORP. to form a joint venture company in Japan, E*TRADE Japan K.K.
  A copy of the joint venture agreement is attached hereto as Exhibit 10.1 and
  incorporated herein by reference. A copy of the press release announcing the
  agreement to form the joint venture company is attached hereto as Exhibit 99.1
  and incorporated herein by reference.
  
       In connection with the formation of E*TRADE Japan K.K., E*TRADE borrowed
  567,000,000 Japanese yen from SOFTBANK CORP. pursuant to a promissory note due
  January 10, 2003. A copy of the promissory note is attached hereto as Exhibit
  10.2 and incorporated herein by reference.
  
       On June 5, 1998, E*TRADE entered into a stock purchase agreement to sell,
  at its option, up to $50 million of E*TRADE common stock to SOFTBANK Holdings,
  Inc. within 18 months of the date of signing (the "Stock Purchase Agreement"). A
  copy of the Stock Purchase Agreement is attached hereto as Exhibit 10.3 and
  incorporated herein by reference. A copy of the press release announcing the
  Stock Purchase Agreement is attached hereto as Exhibit 99.2 and incorporated
  herein by reference.
  
  Item 7  FINANCIAL STATEMENTS AND EXHIBITS
  
   
     (c) Exhibits.   The following documents are filed as exhibits to this report:
  
         10.1        Joint Venture Agreement dated June 3, 1998 between E*TRADE
                     Group, Inc. and SOFTBANK CORP.
  
         10.2        Promissory Note dated June 5, 1998 issued by E*TRADE
                     Group, Inc. to SOFTBANK CORP.
  
         10.3        Stock Purchase Agreement dated June 5, 1998 between
                     E*TRADE Group, Inc. and SOFTBANK Holdings, Inc.
  
         99.1        Press Release, dated June 3, 1998, issued by E*TRADE Group,
                     Inc. announcing the agreement to form a joint venture company
                     in Japan.
  
         99.2        Press Release, dated June 3, 1998, issued by E*TRADE Group,
                     Inc. announcing the Stock Purchase Agreement.
  SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange Act of 1934, the
  registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
                                              E*TRADE Group, Inc.
                                              (Registrant)
  
  Date:  June 12, 1998                By:     /s/ Leonard C. Purkis
                                              -----------------------------------
                                                  Leonard C. Purkis
                                                  Title: Chief Financial Officer
  EXHIBIT INDEX
  
  Exhibit   Description
  -------   -----------
  
  10.1      Joint Venture Agreement dated June 3, 1998 between E*TRADE
            Group, Inc. and SOFTBANK CORP.
  
  10.2      Promissory Note dated June 5, 1998 issued by E*TRADE
            Group, Inc. to SOFTBANK CORP.
  
  10.3      Stock Purchase Agreement dated June 5, 1998 between
            E*TRADE Group, Inc. and SOFTBANK Holdings, Inc.
  
  99.1      Press Release, dated June 3, 1998, issued by E*TRADE Group,
            Inc. announcing the agreement to form a joint venture company
            in Japan.
  
  99.2      Press Release, dated June 3, 1998, issued by E*TRADE Group,
            Inc. announcing the Stock Purchase Agreement.