SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934

Filed by the Registrant [X]

Filed by a Party other than the Registrant [   ]

Check the appropriate box:

[   ]		Preliminary Proxy Statement
[   ]		Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
[   ]		Definitive Proxy Statement
[   ]		Definitive Additional Materials
[X]		Soliciting Material Pursuant to §240.14a-12

AMERITRADE HOLDING CORPORATION

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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						Common Stock
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Filed by Ameritrade Holding Corporation
Pursuant to Rule 14a-12 under the
Securities Exchange Act of 1934
Subject Company: Ameritrade Holding Corporation
Commission File No.: 000-49992

This filing consists of an updated Ameritrade Holding Corporation Fact Sheet posted to Ameritrade’s website on November 22, 2005.

ABOUT AMERITRADE

For 30 years, Ameritrade Holding Corporation has provided investment services to self-directed individuals through its brokerage subsidiaries. Ameritrade develops and provides innovative products and services tailored to meet the varying investing and portfolio management needs of individual investors and institutional distribution partners. A brokerage industry leader, Ameritrade, Inc. a subsidiary of Ameritrade Holding Corporation, recently received a four-star rating in the 2005 Barron’s Review of Online Brokers for its Apex active trader program. For more information, please visit www.amtd.com.

September 2005 Quarter Results

Financial Highlights

FISCAL YEAR ENDED		2001				2002				2003				2004				2005
Net Revenues (millions)		$	454.7			$	430.8			$	713.3			$	880.1			$	1,003.2
Operating Margin* (millions)		$	93.2			$	117.9			$	318.7			$	542.7			$	637.1
Advertising (millions)		$	148.0			$	72.6			$	90.4			$	100.4			$	92.3
Net Income (Loss) (millions)		$	(91.2	)		$	(29.0	)		$	108.6			$	282.8			$	339.8
Earnings (Loss) per Share—Diluted		$	(0.49	)		$	(0.13	)		$	0.25			$	0.66			$	0.82
Average Client Trades per Day			102,413				84,564				143,470				167,958				155,696
Total Accounts***			1,951,000				3,001,000				3,171,000				3,520,000				3,717,000
Qualified Accounts**			—				1,211,000				1,520,000				1,677,000				1,735,000
Client Assets (billions)		$	26.1			$	33.9			$	54.8			$	68.8			$	83.3
Weighted Average Shares
Outstanding—Diluted (millions)			185.8				227.3				432.5				427.0				413.2
Stock Price (at period end)		$	4.01			$	3.90			$	11.97			$	11.68			$	21.47

Datek Results are included beginning September 9, 2002

*see Reconciliation of Financial Measures

**Client accounts with a total liquidation value of $2,000 or more, except Clearing Accounts. Historical data available from September 2002.

***All open accounts (funded and unfunded) except clearing accounts.

Reconciliation of Financial Measures (in millions)

FISCAL YEAR ENDED		2001				2002				2003				2004				Sep Q 05				2005
Operating Margin		$	93,274			$	117,930			$	318,670			$	542,687			$	178,249			$	637,061
Less:
Advertising			(148,009	)			(72,638	)			(90,415	)			(100,364	)			(20,005	)			(92,312	)
Gain/(loss) on disposal of property			(999	)			(403	)			5,093				(1,166	)			208				428
Unrealized fair value adj. of derivative instruments			—				—				(46,668	)			17,930				(3,511	)			8,315
Gain on sale of investments			9,692				0				0				0				0				0
Restructuring and asset impairment charges			(38,268	)			(63,406	)			(5,991	)			0				0				0
Debt conversion expense			(62,082	)			0				0				0				0				0
Pre-tax income		$	(146,392	)		$	(18,517	)		$	180,689			$	459,087			$	154,941			$	553,492

Note: The term “GAAP” in the following explanation refers to generally accepted accounting principles in the United States.

Operating margin is considered a Non-GAAP financial measure as defined by SEC Regulation G. We define operating margin as pre-tax income, adjusted to remove advertising expense, unrealized gains and losses on financial instruments and any unusual gains or charges. We consider operating margin an important measure of the financial performance of our ongoing business. Advertising spending is excluded from operating margin because it is largely at the discretion of the Company, varies significantly from period to period based on market conditions and relates to the acquisition of future revenues through new accounts rather than current revenues from existing accounts. Unrealized gains and losses on financial instruments and unusual gains and charges are excluded from operating margin because we believe they are not likely to be indicative of the ongoing operations of our business. Operating margin should be considered in addition to, rather than as a substitute for, pre-tax income and net income.

Company Organization

Ameritrade’s Client Group utilizes an outside-in perspective to deliver client-driven products and services aimed at providing a superior, value-priced experience for active traders, long-term investors and registered investment advisors.

Corporate Information

MANAGEMENT TEAM

¹IRAs may be excluded from some Apex offers. Apex membership may also be granted on a free trial basis. Qualification is reviewed every three months. Professional access to real-time data differs. Apex professionals can subscribe to receive real-time NYSE market data for $127.25 a month.

Ameritrade, Ameritrade Plus, Ameritrade Advisor Services and Ameritrade Corporate Services are Divisions of Ameritrade, Inc., member NASD/SIPC. Ameritrade Canada, Inc., member IDA/CIPF. Ameritrade Inc. and Ameritrade Canada, Inc. are subsidiaries of Ameritrade Holding Corpioration. Ameritrade, Ameritrade logos and Ameritrade products and services are trademarks or registered trademarks of Ameritrade IPCompany, Inc. © 2005 Ameritrade IP Company Inc. All rights reserved. Used with permission. AMTD IR 11/05

Additional Information and Where to Find It

In connection with the proposed transaction, Ameritrade filed a revised preliminary proxy statement concerning the transaction with the Securities and Exchange Commission (“SEC”) with a filing date of October 31, 2005. Ameritrade will also file a definitive proxy statement and relevant documents with the SEC in connection with the proposed transaction. SECURITY HOLDERS OF AMERITRADE ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders can obtain free copies of the definitive proxy statement and other documents when they become available by contacting Investor Relations at www.amtd.com, or by mail at Ameritrade Investor Relations, 4211 S. 102 Street, Omaha, NE 68127, or by Telephone: 800-237-8692. In addition, documents filed with the SEC by Ameritrade are available free of charge at the SEC’s web site at www.sec.gov.

Ameritrade Holding Corporation, The Toronto-Dominion Bank, and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Ameritrade in connection with the proposed transaction. Information regarding the special interests of these directors and executive officers in the proposed transaction is included in the preliminary proxy statement of Ameritrade described above. This document is available free of charge at the SEC’s web site at www.sec.gov and from Investor Relations at Ameritrade as described above. Information regarding The Toronto-Dominion Bank’s directors and executive officers is available in its Annual Report on Form 40-F for the year ended October 31, 2004, which was filed with the SEC on December 13, 2004, and in its notice of annual meeting and proxy circular for its 2005 annual meeting, which was filed with the SEC on February 17, 2005. These documents are available free of charge at the SEC’s web site at www.sec.gov.