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I've recently decided to take my first DRiP plunge into Coca-Cola (KO). (This after some months of research).

I bought a 5 share position in my E*Trade Portfolio, and was prepared to contact KO's plan adminstrator directly, EquiServe - First Chicago Trust, for my "Stock Power Form" in order to transfer the certifcates into my name.

However, I've found that E*Trade offers to set up positions in DRiP programs at "no additional fee".

Is E*Trade simply saving me the leg work as a customer service? Is their process the same as the manual process? (i.e. will the stock certificates be transferred to my name, and then held for safe keeping by the plan administrator?). And my final question, will E*Trade try to sneak in any additional fee's above and beyond the plan administrators?

I called E*Trade, but the Gentleman on the phone had no idea how their DRiP program worked, and had to verify that they did not charge any additional fees for setting up this service. Can anyone here confirm this to be true?

Thanks for your time!
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