INTUIT/CHIPSOFT MERGER COMPLETED

MENLO PARK, Calif.--Dec. 13, 1993--Scott Cook, chairman of Intuit Inc.
(NASDAQ: INTU), and Charles Gaylord, chairman of ChipSoft, Inc. (NASDAQ:
CSFT), announced today that the merger of ChipSoft into a wholly-owned
subsidiary of Intuit was approved by the stockholders of both companies at
meetings held on Friday, December 10, 1993 and became effective on Sunday,
December 12, 1993.

Under the terms of the merger, former ChipSoft stockholders will receive
0.446 of a share of Intuit Common Stock for each share of Chipsoft Class A
Common Stock outstanding prior to the merger. As a result, former ChipSoft
stockholders will receive a total of approximately 7,257,000 shares of
Intuit Common Stock, representing approximately 39 percent of the total
number of shares of Intuit Common Stock that will be outstanding
immediately after the merger. The merger will be accounted for as a
purchase transaction.

In connection with the merger, Gaylord and William Harris, ChipSoft's
former president and chief operating officer have become executive vice
presidents of Intuit. In addition, Harris has become the general manager
of ChipSoft. Cook, remains as Intuit's president, chief executive officer,
and chairman of the board.

Intuit, based in Menlo Park Calif., is a leading developer of personal
finance, small business accounting and tax preparation software. The
company develops and markets software products that enable individuals and
small businesses to automate commonly performed financial tasks. Intuit's
Quicken and QuickBooks products allow users to manage their personal and
small business finances.

Intuit also provides supplies and services, such as the Quicken VISA card
with IntelliCharge, that work with its software to further automate
finances. The company's popular TurboTax, MacInTax and ProSeries software
enable consumers, small businesses, and professional tax preparers to
prepare their own or their clients' tax returns.

Intuit Inc
155 Linfield Ave, PO Box 3014
Menlo Park, CA 94026-3014
415-322-0573

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