Filed pursuant to Rule 424(b)(3)
                                                      Registration No. 333-77433

                                VERISIGN, INC.

                                 COMMON STOCK


     All of the 407,622 shares of common stock of VeriSign, Inc. are being sold
by stockholders of VeriSign.  VeriSign will not receive any proceeds from the
sale of shares offered by the selling stockholders.  See "Selling Stockholders"
and "Plan of Distribution."

     The common stock is listed on the Nasdaq National Market under the symbol
"VRSN."  The shares of common stock offered will be sold as described under
"Plan of Distribution."

     On May 7, 1999, the closing price per share of the common stock on the
Nasdaq National Market was $107.00.


The common stock offered involves a high degree of risk.  See "RISK FACTORS" on
                                    page 3.

                  THE DATE OF THIS PROSPECTUS IS MAY 7, 1999.


                                  THE COMPANY

     VeriSign is the leading provider of Internet trust services needed by
websites, enterprises and individuals to conduct trusted and secure electronic
commerce and communications over the Internet, intranets and extranets, or IP
networks.  We have established strategic relationships with industry leaders,
including AT&T, British Telecommunications, or BT, Cisco, Microsoft, Netscape,
Network Associates, RSA, Security Dynamics and VISA, to enable widespread
utilization of our digital certificate services and to assure their
interoperability with a wide variety of applications and network equipment.  We
have used our secure online infrastructure to issue over 125,000 of our website
digital certificates and over 3.5 million of our digital certificates for
individuals.  Our Website Digital Certificate services are used by over 400 of
the Fortune 500 companies.  We also offer the VeriSign OnSite service, which
allows an organization to leverage our trusted service infrastructure to develop
and deploy customized digital certificate services for use by its employees,
customers and business partners.  Over 300 enterprises have subscribed to the
OnSite service since its introduction in November 1997, including Bank of
America, Hewlett-Packard, the Internal Revenue Service, Kodak, Sumitomo Bank,
Texas Instruments and USWest.  We market our Internet trust services worldwide
through multiple distribution channels, including the Internet, direct sales,
telesales, value-added resellers, or VARs, systems integrators and our
affiliates, and intend to expand these distribution channels.

     VeriSign was incorporated in Delaware in April 1995.  Our executive offices
are located at 1350 Charleston Road, Mountain View, California 94043-1331.  Our
telephone number at this location is (650) 961-7500.  Our website is located at  Information contained in our website is not part of
this prospectus.


                                 RISK FACTORS

      You should carefully consider the risks and uncertainties described below
before making an investment decision.  These risks and uncertainties are not the
only ones facing VeriSign.  Additional risks and uncertainties not presently
known to us or that we currently deem immaterial may also impair our business

      If any of the following risks actually occur, our business, financial
condition or operating results could be materially harmed.  In such case, the
trading price of our common stock could decline and you may lose all or part of
your investment.

      This prospectus also contains forward-looking statements that involve
risks and uncertainties. Our actual results could differ materially from those
anticipated in these forward-looking statements as a result of certain factors
including the risks faced by us described below and elsewhere in this


      VeriSign was incorporated in April 1995, and we began introducing our
Internet trust services in June 1995.  Accordingly, we have only a limited
operating history on which to base an evaluation of our business and prospects.
Our prospects must be considered in light of the risks and uncertainties
encountered by companies in the early stages of development.  These risks and
uncertainties are often worse for companies in new and rapidly evolving markets.
Our success will depend on many factors, including, but not limited to, the

   .  the rate and timing of the growth and use of IP networks for electronic
      commerce and communications;

   .  the extent to which digital certificates are used for such communications
      and commerce;

   .  the continued evolution of electronic commerce as a viable means of
      conducting business;

   .  the demand for our Internet trust services;

   .  competition levels;

   .  the perceived security of electronic commerce and communications over IP

   .  the perceived security of our services, technology, infrastructure and
      practices; and

   .  our continued ability to maintain our current, and enter into additional,
      strategic relationships.

   To address these risks we must, among other things:

   .  successfully market our Internet trust services and our digital
      certificates to our new and existing customers;

   .  attract, integrate, train, retain and motivate qualified personnel;

   .  respond to competitive developments;

   .  successfully introduce new Internet trust services; and


   . successfully introduce enhancements to our existing Internet trust services
     to address new technologies and standards.

   We cannot be certain that we will successfully address any of these risks.


     We have experienced substantial net losses in each fiscal period since we
were formed.  As of March 31, 1999, we had an accumulated deficit of $53.4
million.  VeriSign's limited operating history, the emerging nature of its
market and the factors described under "--Our Business Depends on-the Adoption
of IP Networks" and "--Our Quarterly Operating Results May Fluctuate; Our Future
Revenues and Profitability Are Uncertain," among other factors, make prediction
of our future operating results difficult.  In addition, we intend to increase
our expenditures in all areas in order to execute our business plan.  As a
result, we expect to incur substantial additional losses.  Although our revenues
have grown in recent periods, we may be unable to sustain such growth.
Therefore, you should not consider our historical growth indicative of future
revenue levels or operating results.  We may never achieve profitability.  Even
if we do, we may not be able to sustain it.


     In order for VeriSign to be successful, IP networks must be widely adopted,
in a timely manner, as a means of trusted and secure electronic commerce and
communications.  Because electronic commerce and communications over IP networks
are new and evolving, it is difficult to predict the size of this market and its
sustainable growth rate.  To date, many businesses and consumers have been
deterred from utilizing IP networks for a number of reasons, including, but not
limited to:

   . potentially inadequate development of network infrastructure;

   . security concerns including the potential for merchant or user
     impersonation and fraud or theft of stored data and information
     communicated over IP networks;

   . inconsistent quality of service;

   . lack of availability of cost-effective, high-speed service;

   . limited numbers of local access points for corporate users;

   . inability to integrate business applications on IP networks;

   . the need to operate with multiple and frequently incompatible products; and

   . a lack of tools to simplify access to and use of IP networks.

     The adoption of IP networks will require a broad acceptance of new methods
of conducting business and exchanging information.  Companies and government
agencies that already have invested substantial resources in other methods of
conducting business may be reluctant to adopt new methods.  Also, individuals
with established patterns of purchasing goods and services and effecting
payments may be reluctant to change.

     The use of IP networks may not increase or may increase more slowly than we
expect because the infrastructure required to support widespread use may not
develop.  The Internet may continue to 


experience significant growth both in the number of users and the level of use.
However, the Internet infrastructure may not be able to continue to support the
demands placed on it by continued growth. Continued growth may also affect the
Internet's performance and reliability. In addition, the growth and reliability
of IP networks could be harmed by delays in development or adoption of new
standards and protocols to handle increased levels of activity or by increased
governmental regulation. Changes in, or insufficient availability of,
communications services to support IP networks could result in poor performance
and also adversely affect their usage. Any of these factors could materially
harm our business.


     We target our Internet trust services at the market for trusted and secure
electronic commerce and communications over IP networks.  This is a new and
rapidly evolving market that may not continue to grow.  Accordingly, the demand
for our Internet trust services is very uncertain.  Even if the market for
electronic commerce and communications over IP networks grows, our Internet
trust services may not be widely accepted.  The factors that may affect the
level of market acceptance of digital certificates and, consequently, our
Internet trust services, include the following:

   . market acceptance of products and services based upon authentication
     technologies other than those we use;

   . public perception of the security of digital certificates and IP networks;

   . the ability of the Internet infrastructure to accommodate increased levels
     of usage; and

   . government regulations affecting electronic commerce and communications
     over IP networks.

     Even if digital certificates achieve market acceptance, our Internet trust
services may fail to address the market's requirements adequately.  If digital
certificates do not achieve market acceptance in a timely manner and sustain
such acceptance, or if our Internet trust services in particular do not achieve
or sustain market acceptance, our business would be materially harmed.


     Our quarterly operating results have varied and may fluctuate significantly
in the future as a result of a variety of factors, many of which are outside our
control.  These factors include the following:

   . continued market acceptance of our Internet trust services;

   . the long sales and implementation cycles for, and potentially large order
     sizes of, certain of our Internet trust services;

   . the timing and execution of individual contracts;

   . customer renewal rates for our Internet trust services;

   . the timing of releases of new versions of Internet browsers or other third-
     party software products and networking equipment which include our digital
     certificate service interface technology;


   . the mix of our services sold during a quarter;

   . our success in marketing other Internet trust services to our existing
     customers and to new customers;

   . continued development of our direct and indirect distribution channels,
     both in the U.S. and abroad;

   . market acceptance of our Internet trust services or our competitors'
     products and services;

   . our ability to attract, integrate, train, retain and motivate a substantial
     number of sales and marketing, research and development and technical
     support personnel;

   . our ability to expand our operations;

   . our success in assimilating the operations and personnel of SecureIT and
     any other acquired businesses;

   . the amount and timing of expenditures related to expansion of our

   . the impact of price changes in our Internet trust services or our
     competitors' products and services; and

   . general economic conditions and economic conditions specific to IP network

     Our limited operating history and the emerging nature of our market make it
difficult to predict future revenues.  Our expenses are based, in part, on our
expectations regarding future revenues, and are largely fixed in nature,
particularly in the short term.  We may be unable to predict our future revenues
accurately or to adjust spending in a timely manner to compensate for any
unexpected revenue shortfall.  Accordingly, any significant shortfall of
revenues in relation to our expectations could cause significant declines in our
quarterly operating results.

     Due to all of the foregoing factors, our quarterly revenues and operating
results are difficult to forecast.  Therefore, we believe that period-to-period
comparisons of our operating results will not necessarily be meaningful, and you
should not rely upon them as an indication of our future performance.  Also, it
is likely that our operating results will fall below our expectations and the
expectations of securities analysts or investors in some future quarter.  In
such event, the market price of our common stock could be materially adversely


     We depend on the uninterrupted operation of our secure data centers and our
other computer and communications systems.  We must protect these systems from
loss, damage or interruption caused by fire, earthquake, power loss,
telecommunications failure or other events beyond our control.  Most of our
systems are located at, and most of our customer information is stored in, our
facilities in Mountain View, California and Kawasaki, Japan, areas susceptible
to earthquakes.  Any damage or failure that causes interruptions in our secure
data centers and our other computer and communications systems could materially
harm our business.  In addition, our ability to issue digital certificates
depends on the efficient operation of the Internet connections from customers to
our secure data centers.  Such connections depend upon efficient operation of
web browsers, Internet service providers and Internet 


backbone service providers, all of which have had periodic operational problems
or experienced outages in the past. Any of these problems or outages could
adversely affect customer satisfaction.

     Our success also depends upon the scalability of our systems.  Our systems
have not been tested at the volumes that may be required in the future.  Thus,
it is possible that a substantial increase in demand for our Internet trust
services could cause interruptions in our systems.  Any such interruptions could
adversely affect our ability to deliver our Internet trust services and
therefore could materially harm our business.

     Although we periodically perform, and retain accredited third parties to
perform, audits of our operational practices and procedures, we may not be able
to remain in compliance with our internal standards or those set by third-party
auditors.  If we fail to maintain these standards, we may have to expend
significant time and money to return to compliance and our business could be
materially harmed.

     We retain certain confidential customer information in our secure data
centers.  It is critical to our business strategy that our facilities and
infrastructure remain secure and are perceived by the marketplace to be secure.
Despite our security measures, our infrastructure may be vulnerable to physical
break-ins, computer viruses, attacks by hackers or similar disruptive problems.
It is possible that we may have to expend additional financial and other
resources to address such problems.  Any physical or electronic break-ins or
other security breaches or compromises of the information stored at our secure
data centers may jeopardize the security of information stored on our premises
or in the computer systems and networks of our customers.  In such an event, we
could face significant liability and customers could be reluctant to use our
Internet trust services.  Such an occurrence could also result in adverse
publicity and therefore adversely affect the market's perception of the security
of electronic commerce and communications over IP networks as well as of the
security or reliability of our services.


     We anticipate that the market for services that enable trusted and secure
electronic commerce and communications over IP networks will remain intensely
competitive.  We compete with larger and smaller companies that provide products
and services that are similar to certain aspects of our Internet trust services.
We expect that competition will increase in the near term, and that our primary
long-term competitors may not yet have entered the market.  Increased
competition could result in pricing pressures, reduced margins or the failure of
our Internet trust services to achieve or maintain market acceptance, any of
which could materially harm our business.  Several of our current and potential
competitors have longer operating histories and significantly greater financial,
technical, marketing and other resources.  As a result, we may not be able to
compete effectively.  For a more detailed description of the competitive threats
facing us.


     The emerging nature of the Internet and digital certificate markets and
their rapid evolution requires us to continually improve the performance,
features and reliability of our Internet trust services, particularly in
response to competitive offerings.  We must also introduce any new Internet
trust services as quickly as possible.  The success of new Internet trust
services depends on several factors, including proper new service definition and
timely completion, introduction and market acceptance of our new Internet trust
services.  We may not succeed in developing and marketing new Internet trust
services that respond to competitive and technological developments and changing
customer needs.  This could materially harm our business.


     If new Internet, networking or telecommunication technologies or standards
are widely adopted or if other technological changes occur, we may need to
expend significant resources to adapt our Internet trust services.


     Our historical growth has placed, and any further growth is likely to
continue to place, a significant strain on our resources.  VeriSign has grown
from 26 employees at December 31, 1995 to 336 employees at March 31, 1999.  We
have also opened additional sales offices and have significantly expanded our
operations, both in the U.S. and abroad, during this time period.  We expanded
our operations by acquiring SecureIT during 1998.  To be successful, we will
need to implement additional management information systems, develop further our
operating, administrative, financial and accounting systems and controls and
maintain close coordination among our executive, engineering, accounting,
finance, marketing, sales and operations organizations.  Any failure to manage
growth effectively could materially harm our business.


     We depend on the performance of our senior management team and other key
employees.  Our success will depend on our ability to retain and motivate these
individuals.  Our success will also depend on our ability to attract, integrate,
train, retain and motivate additional highly skilled technical and sales and
marketing personnel, both in the U.S. and abroad.  There is intense competition
for these personnel.  In addition, our stringent hiring practices for some of
our key personnel, which consist of background checks into prospective
employees' criminal and financial histories, further limit the number of
qualified persons for such positions.  See "Business--Security and Trust
Practices."  VeriSign has no employment agreements with any of its key
executives that prevent them from leaving VeriSign at any time.  In addition, we
do not maintain key person life insurance for any of our officers or key
employees other than our President and Chief Executive Officer.  The loss of the
services of any of our senior management team or other key employees or our
failure to attract, integrate, train, retain and motivate additional key
employees could materially harm our business.


     One of our significant business strategies has been to enter into strategic
or other similar collaborative relationships in order to reach a larger customer
base than we could reach through our direct sales and marketing efforts.  We may
need to enter into additional relationships to execute our business plan.  We
may not be able to enter into additional, or maintain our existing, strategic
relationships on commercially reasonable terms.  If we failed, we would have to
devote substantially more resources to the distribution, sale and marketing of
our Internet trust services than we would otherwise.  Furthermore, as a result
of our emphasis on these relationships, our success in such relationships will
depend both on the ultimate success of the other parties to such relationships,
particularly in the use and promotion of IP networks for trusted and secure
electronic commerce and communications, and on the ability of certain of these
parties to market our Internet trust services successfully.  Failure of one or
more of our strategic relationships to result in the development and maintenance
of a market for our Internet trust services could materially harm our business.

     Our existing strategic relationships do not, and any future strategic
relationships may not, afford VeriSign any exclusive marketing or distribution
rights.  In addition, the other parties may not view their relationships with us
as significant for their own businesses.  Therefore, they could reduce their
commitment to VeriSign at any time in the future.  These parties could also
pursue alternative technologies or develop alternative products and services
either on their own or in collaboration with 


others, including our competitors. If we are unable to maintain our strategic
relationships or to enter into additional strategic relationships, our business
could be materially harmed.


     We market many of our Internet trust services directly to large companies
and government agencies.  The sale and implementation of our services to these
entities typically involves a lengthy education process and a significant
technical evaluation and commitment of capital and other resources.  This
process is also subject to the risk of delays associated with customers'
internal budgeting and other procedures for approving large capital
expenditures, deploying new technologies within their networks and testing and
accepting new technologies that affect key operations.  As a result, the sales
and implementation cycles associated with certain of our Internet trust services
can be lengthy, potentially lasting from three to six months.  Our quarterly and
annual operating results could be materially harmed if orders forecasted for a
specific customer for a particular quarter are not realized.


     Services as complex as those we offer or develop frequently contain
undetected defects or errors.  Despite testing, defects or errors may occur in
existing or new Internet trust services, which could result in loss of or delay
in revenues, loss of market share, failure to achieve market acceptance,
diversion of development resources, injury to our reputation, increased
insurance costs or increased service and warranty costs, any of which could
materially harm our business.  Furthermore, we often provide implementation,
customization, consulting and other technical services in connection with the
implementation and ongoing maintenance of our Internet trust services and our
digital certificate service agreements.  The performance of these Internet trust
services typically involves working with sophisticated software, computing and
communications systems.  Our failure or inability to meet customer expectations
or project milestones in a timely manner could also result in loss of or delay
in revenues, loss of market share, failure to achieve market acceptance, injury
to our reputation and increased costs.

     Because customers rely on our Internet trust services for critical security
applications, any significant defects or errors in our Internet trust services
might discourage customers from subscribing to our services.  Such defects or
errors could also result in tort or warranty claims.  Although we attempt to
reduce the risk of losses resulting from such claims through warranty
disclaimers and liability limitation clauses in our sales agreements, these
contractual provisions may not be enforceable in every instance.  Furthermore,
although we maintain errors and omissions insurance, such insurance coverage may
not adequately cover us for claims.  If a court refused to enforce the
liability-limiting provisions of our contracts for any reason, or if liabilities
arose that were not contractually limited or adequately covered by insurance,
our business could be materially harmed.


     Our Internet trust services depend on public key cryptography technology.
With public key cryptography technology, a user is given a public key and a
private key, both of which are required to encrypt and decode messages.  The
security afforded by this technology depends on the integrity of a user's
private key and that it is not stolen or otherwise compromised.  The integrity
of private keys also depends in part on the application of certain mathematical
principles known as "factoring."  This integrity is predicated on the assumption
that the factoring of large numbers into their prime number components is
difficult.  Should an easy factoring method be developed, then the security of
encryption products utilizing public key cryptography technology would be
reduced or eliminated.  Furthermore, any significant advance in techniques for
attacking cryptographic systems could also render some or all 


of our existing Internet trust services obsolete or unmarketable. Even if no
breakthroughs in factoring or other methods of attacking cryptographic systems
are made, factoring problems can theoretically be solved by computer systems
significantly faster and more powerful than those presently available. Current
or future governmental regulation regarding the use, scope and strength of
public key cryptography could also limit our ability to develop and distribute
digital certificates with encryption strong enough to maintain the integrity of
a user's private key against factoring by more powerful computer systems. If
such improved techniques for attacking cryptographic systems are ever developed,
we would likely have to reissue digital certificates to some or all of our
customers, which could damage our reputation and brand or otherwise harm our
business. In the past there have been public announcements of the successful
decoding of certain cryptographic messages and of the potential misappropriation
of private keys. Such publicity could also adversely affect the public
perception as to the safety of the public key cryptography technology included
in our digital certificates. Such adverse public perception could harm our


     Revenues of VeriSign Japan K.K., or VeriSign Japan, and revenues from other
international affiliates and customers accounted for approximately 9% of our
revenues in 1997 and approximately 14% of our revenues in 1998.  We intend to
expand our international operations and international sales and marketing
activities.  Expansion into these markets has required and will continue to
require significant management attention and resources.  We may also need to
tailor our Internet trust services for a particular market and to enter into
international distribution and operating relationships.  We have limited
experience in localizing our Internet trust services and in developing
international distribution or operating relationships.  We may not succeed in
expanding our Internet trust service offerings into international markets.  Any
such failure could harm our business.

     In addition, there are certain risks inherent in doing business on an
international basis, including, among others:

   . regulatory requirements;

   . legal uncertainty regarding liability;

   . export and import restrictions on cryptographic technology and products
     incorporating that technology;

   . tariffs and other trade barriers;

   . difficulties in staffing and managing foreign operations;

   . longer sales and payment cycles;

   . problems in collecting accounts receivable;

   . difficulty of authenticating customer information;

   . political instability;

   . seasonal reductions in business activity; and

   . potentially adverse tax consequences.


     We have licensed to certain international affiliates the VeriSign
Processing Center platform, which is designed to replicate our own secure data
centers and allows the affiliate to offer back-end processing of Internet trust
services.  The VeriSign Processing Center platform provides an affiliate with
the knowledge and technology to offer Internet trust services similar to those
offered by VeriSign.  It is critical to our business strategy that the
facilities and infrastructure used in issuing and marketing digital certificates
remain secure and be perceived by the marketplace to be secure.  Although we
provide the affiliate with training in security and trust practices, network
management and customer service and support, these practices are performed by
the affiliate and are outside of our control.  Any failure of an affiliate to
maintain the privacy of confidential customer information could result in
negative publicity and therefore adversely affect the market's perception of the
security of our services as well as the security of electronic commerce and
communication over IP networks generally.

     All of our international revenues from sources other than VeriSign Japan
are denominated in U.S. dollars.  If additional portions of our international
revenues were to be denominated in foreign currencies, we could become subject
to increased risks relating to foreign currency exchange rate fluctuations.


     We rely upon information provided by third-party sources to authenticate
the identity of customers requesting certain of our digital certificates.  This
information is presently only available from a limited number of sources and we
currently procure such information from single sources.  Reliance on single
sources involves certain risks and uncertainties, including the possibility of
delayed or discontinued availability.  Any such delay or unavailability, coupled
with any inability to develop alternative sources quickly and cost-effectively,
could impair our ability to deliver certain digital certificates on a timely
basis and result in the cancellation of orders, increased costs and injury to
our reputation.  This could harm our business.  Reliance on third-party
information sources for authentication has also limited the distribution of
certain of our digital certificates outside of the U.S., where access to such
sources has been unavailable or limited.

     Additionally, accurate authentication of the identity of the individuals
and entities to which we issue digital certificates is necessary for such
digital certificates to provide security and trust.  Therefore, if any
authentication information that we rely upon is inaccurate, it could adversely
affect our reputation and result in tort or warranty claims from customers
relying upon our digital certificates for trusted and secure electronic commerce
and communications.  This could materially harm our business.


     Exports of software products utilizing encryption technology are generally
restricted by the U.S. and various non-U.S. governments.  Although we have
obtained approval to export our Global Server digital certificate service and
none of our other Internet trust services are currently subject to export
controls under U.S. law, the list of products and countries for which export
approval is required could be revised in the future to include more digital
certificate products and related services.  If we do not obtain required
approvals we may not be able to sell certain Internet trust services in
international markets.  There are currently no federal laws or regulations that
specifically control certificate authorities, but a limited number of states
have enacted legislation or regulations with respect to certificate authorities.
If the market for digital certificates grows, the U.S. federal or state or non-
U.S. governments may choose to enact further regulations governing certificate
authorities or other providers of digital certificate products and related
services.  Such regulations or the costs of complying with such regulations
could harm our business.


      Many companies conducting electronic commerce over IP networks do not
collect sales or other similar taxes with respect to shipments of goods into
other states or foreign countries or with respect to other transactions
conducted between parties in different states or countries.  It is possible that
the U.S. federal or state or non-U.S. governments may seek to impose sales taxes
on companies that engage in electronic commerce over IP networks.  In the event
that government bodies succeed in imposing sales or other taxes on electronic
commerce, the growth of the use of IP networks for electronic commerce could
slow substantially, which could materially harm our business.

      Due to the increasing popularity of IP networks, it is possible that laws
and regulations may be enacted covering issues such as user privacy, pricing,
content and quality of products and services.  The increased attention focused
upon these issues as a result of the adoption of other laws or regulations may
reduce the rate of growth of IP networks, which in turn could result in
decreased demand for our Internet trust services or could otherwise materially
harm our business.


      During 1998, we acquired SecureIT.  If we are unable to successfully
complete the integration of SecureIT, our business could be materially harmed.
We may acquire additional businesses, technologies, product lines or service
offerings in the future.  Acquisitions involve a number of risks including,
among others:

   .  the difficulty of assimilating the operations and personnel of the
      acquired businesses;

   .  the potential disruption of our business;

   .  our inability to integrate, train, retain and motivate key personnel of
      the acquired business;

   .  the diversion of our management from our day-to-day operations;

   .  our inability to incorporate acquired technologies successfully into our
      Internet trust services;

   .  the additional expense associated with completing an acquisition and
      amortizing any acquired intangible assets;

   .  the potential impairment of relationships with our employees, customers
      and strategic partners; and

   .  the inability to maintain uniform standards, controls, procedures and

   If we are unable to successfully address any of these risks, our business
   could be materially harmed.


      Our success depends on our internally developed technologies and other
intellectual property.  Despite our precautions, it may be possible for a third
party to copy or otherwise obtain and use our intellectual property or trade
secrets without authorization.  In addition, it is possible that others may
independently develop substantially equivalent intellectual property.  If we do
not effectively protect our intellectual property, our business could be
materially harmed.

      In the future we may have to resort to litigation to enforce our
intellectual property rights, to protect our trade secrets or to determine the
validity and scope of the proprietary rights of others.  Such 


litigation, regardless of its outcome, could result in substantial costs and
diversion of management and technical resources.

     We also license third-party technology, such as public key cryptography
technology licensed from RSA and other technology that is used in our products,
to perform key functions.  These third-party technology licenses may not
continue to be available to us on commercially reasonable terms or at all.  Our
business could be materially harmed if we lost the rights to use these
technologies.  A third party could claim that the licensed software infringes
any patent or other proprietary right.  Litigation between the licensor and a
third party or between us and a third party could lead to royalty obligations
for which we are not indemnified or for which such indemnification is
insufficient, or we may not be able to obtain any additional license on
commercially reasonable terms or at all.

     The loss of, or our inability to obtain or maintain, any of these
technology licenses could delay the introduction of our Internet trust services
until equivalent technology, if available, is identified, licensed and
integrated. This could harm our business.

     From time to time, we have received, and may receive in the future, notice
of claims of infringement of other parties' proprietary rights.  Infringement or
other claims could be made against us in the future.  Any such claims, with or
without merit, could be time-consuming, result in costly litigation and
diversion of technical and management personnel, cause product shipment delays
or require us to develop non-infringing technology or enter into royalty or
licensing agreements.  Such royalty or licensing agreements, if required, may
not be available on acceptable terms or at all.  If a successful claim of
product infringement were made against us and we could not develop non-
infringing technology or license the infringed or similar technology on a timely
and cost effective basis, our business could be harmed.


     We are in the process of assessing and remediating any Year 2000 issues
with the computer communications, software and security systems that we use to
deliver and manage our Internet trust services and to manage our internal
operations.  Despite our testing and remediating, our systems may contain errors
or faults with respect to the Year 2000.  For a more detailed discussion of Year
2000 issues, please see "Item 7:  Management's Discussion and Analysis of
Financial Condition and Results of Operations - Year 2000 Issues" in our Annual
Report on Form 10-K, filed with the Securities and Exchange Commission on
February 22, 1999.  If our systems do not operate properly with regard to the
Year 2000 and thereafter we could incur unanticipated expenses to remedy any
problems, which could adversely affect our business.

     Customer's purchasing plans could be affected by Year 2000 issues as they
may need to expend significant resources to correct their existing systems.
This situation may result in reduced funds available to implement the
infrastructure needed to conduct trusted and secure electronic commerce and
communications over IP networks or to purchase our Internet trust services.
These factors could materially harm our business.


     Certain provisions of our Amended and Restated Certificate of Incorporation
and Bylaws, as well as provisions of Delaware law could make it more difficult
for a third party to acquire us, even if doing so would be beneficial to our



      If our stockholders sell substantial amounts of our common stock in the
public market following this offering, the market price of our common stock
could fall.  We have outstanding approximately 24,999,328 shares of common stock
(assuming no exercise of outstanding options after March 31, 1999).  Of these
shares 24,110,754 are currently eligible for sale in the public market.  The
remaining 888,574 shares will be eligible for public sale after July 6, 1999,
subject to the volume limitations and other conditions of Rule 144.

      These share numbers exclude 4,367,864 shares subject to outstanding stock
options and 133,138 shares reserved for future issuance under our stock plans as
of March 31, 1999.


      The market price of our common stock has fluctuated in the past and is
likely to fluctuate in the future.  In addition, the market prices of securities
of other technology companies, particularly Internet-related companies, have
been highly volatile.  Factors that may have a significant effect on the market
price of our common stock include:

   .  fluctuations in our operating results;

   .  announcements of technological innovations or new Internet trust services
      by us or new products or services by our competitors;

   .  analysts' reports and projections;

   .  regulatory actions; and

   .  general market, economic or political conditions in the U.S. or abroad.

      Investors may not be able to resell their shares of our common stock at or
above the offering price.

                                USE OF PROCEEDS

      VeriSign will not receive any of the proceeds from the sale of shares by
the selling stockholders.


                              SELLING STOCKHOLDERS

     The following table sets forth certain information known to VeriSign with
respect to the beneficial ownership of the Company's common stock as of March
31, 1999 by the selling stockholders.  Except as set forth below, none of the
selling stockholders has had any position, office or other material relationship
with VeriSign within the past three years.  The table assumes that the selling
stockholders sell all of the shares offered by them in this offering.  However,
VeriSign is unable to determine the exact number of shares that will actually be
sold or when or if such sales will occur.  VeriSign will not receive the
proceeds of any shares sold under this prospectus.

     The selling stockholders have advised VeriSign that they are the beneficial
owner of the shares being offered.

Shares Beneficially Shares Beneficially Owned Before Offering Owned After Offering --------------------- Shares Being --------------------- Name Number Percent Offered Number Percent - ---- ------ ------- ------- ------ ------- Jagtar and P. Jyoti Chaudhry (1)........... 1,023,816 4.1% 361,813 662,003 2.6% Jay W. Johnson (2)......................... 75,501 * 25,132 50,369 * George and Lena Valente Foundation......... 61,879 * 20,677 41,202 *
____________________________ * Less than 1%. (1) Represents 22,361 shares held by Jagtar Chaudhry, 441,527 shares held by P. Jyoti Chaudhry, the wife of Jagtar Chaudhry, 328,302 shares held by NetConsult Inc., of which Mrs. Chaudhry is President, 33,511 shares held by Chaudhry Enterprises LLLP and 65,922, 65,922, 65,922 and 349 shares held by four Chaudhry family trusts for the benefit of Simran D. Chaudhry, Yash P. Chaudhry, Samir R. Chaudhry and Manpreet Bains, respectively. The number of shares being offered represents 328,302 shares offered for the account of NetConsult Inc. and 33,511 shares offered for the account of Chaudhry Enterprises LLLP. Mr. Chaudhry is the Vice President and General Manger of Security Services of VeriSign. (2) Mr. Johnson is Vice President, Field Operations, of SecureIT, Inc., a wholly-owned subsidiary of VeriSign. 15 PLAN OF DISTRIBUTION The selling stockholders are former stockholders of SecureIT, Inc., a company which VeriSign acquired in July 1998. The selling stockholders are bound by a registration rights agreement with VeriSign. To VeriSign's knowledge, no selling stockholder has entered into any agreement, arrangement or understanding with any particular broker or market maker with respect to the shares offered hereby, nor does VeriSign know the identity of the brokers or market makers that will participate in the offering. The shares of common stock may be offered and sold from time to time by the selling stockholders or by their pledgees, donees, transferees and other successors in interest. Each of the selling stockholders will act independently of VeriSign in making decisions with respect to the timing, manner and size of each sale. Such sales may be made over the Nasdaq National Market or otherwise, at then prevailing market prices, at prices related to prevailing market prices or at negotiated prices. The shares may be sold by one or more of the following: . a block trade in which the broker-dealer engaged by a selling stockholder will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction; . purchases by the broker-dealer as principal and resale by such broker or dealer for its account pursuant to this Prospectus; and . ordinary brokerage transactions and transactions in which the broker solicits purchasers. VeriSign has been advised by each of the selling stockholders that none of them has, as of the date hereof, entered into any arrangement with a broker- dealer for the sale of shares through a block trade, special offering, or secondary distribution of a purchase by a broker-dealer. In effecting sales, broker-dealers engaged by the selling stockholders may arrange for other broker- dealers to participate. Broker-dealers will receive commissions or discounts from the selling stockholders in amounts to be negotiated immediately prior to the sale. In connection with distributions of the shares or otherwise, selling stockholders may also enter into hedging transactions. For example, the selling stockholders may: . enter into transactions involving short sales of the shares of common stock by broker-dealers; . sell shares of common stock short and redeliver these shares to close out the short position; . enter into option or other types of transactions that require the selling stockholders to deliver shares of common stock to a broker- dealer, who will then resell or transfer the shares of common stock under this prospectus; or . loan or pledge shares of common stock to a broker dealer, who may sell the loaned shares or, in the event of default, sell the pledged shares. Broker-dealers or agents may receive compensation in the form of commissions, discounts or concessions from selling stockholders in amounts to be negotiated in connection with the sale. Broker-dealers and any other participating broker-dealers may be deemed to be "underwriters" within the meaning of the Securities Act in connection with the sales, and any commission, discount or concession may be deemed to be underwriting discounts or commissions under the Securities Act. The selling 16 stockholders have agreed with VeriSign in the registration rights agreement not to sell any of the shares under this Prospectus in an underwritten offering without VeriSign's prior written consent. In addition, any securities covered by this Prospectus which qualify for sale under Rule 144 of the Securities Act may be sold under Rule 144 rather than under this Prospectus. VeriSign has advised the selling stockholders that the anti-manipulation rules under the Exchange Act may apply to sales of shares in the market and to the activities of the selling stockholder and its affiliates. The selling stockholders have advised VeriSign that during such time as they may be engaged in the attempt to sell shares registered, they will: . not engage in any stabilization activity in connection with any of VeriSign's securities; . not bid for or purchase any of VeriSign's securities or any rights to acquire VeriSign's securities, or attempt to induce any person to purchase any of VeriSign's securities or rights to acquire VeriSign's securities other than as permitted under the Exchange Act; . not effect any sale or distribution of the shares until after the prospectus shall have been appropriately amended or supplemented, if required, to set forth the terms thereof; and . effect all sales of shares in broker's transactions through broker- dealers acting as agents, in transactions directly with market makers or in privately negotiated transactions where no broker or other third party (other than the purchaser) is involved. Under certain circumstances, VeriSign has the ability to suspend the use of this prospectus if, in the good faith judgment of the Board of Directors of VeriSign, it would be seriously detrimental to VeriSign and its stockholders for resales of shares to be made due to: . the existence of a material development or potential material development with respect to or involving VeriSign which VeriSign would be obligated to disclose in the prospectus, which disclosure would in the good faith judgment of the Board of Directors of VeriSign be premature or otherwise inadvisable at such time and would have a material adverse affect upon VeriSign and its stockholders, or . the occurrence of any event that makes any statement made in the prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or which requires the making of any changes in the prospectus so that it will not contain any untrue statement of a material fact required to be stated therein or necessary to make the statements therein not misleading or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. This offering will terminate on the earlier of: . the termination of the period during which the Company is required to maintain the effectiveness of the Registration Statement of which this Prospectus forms a part, or . the date on which all shares offered have been sold by the selling stockholders. VeriSign has agreed to pay the expenses of registering the shares under the Securities Act, including registration and filing fees, printing expenses, administrative expenses and certain legal and accounting fees. The selling stockholders will bear all discounts, commissions or other amounts payable 17 to underwriters, dealers or agents as well as fees and disbursements for legal counsel retained by any selling stockholder. VeriSign and the selling stockholders have agreed to indemnify each other and certain other related parties for certain liabilities in connection with the registration of the Shares offered hereby. Upon the occurrence of any of the following events, this prospectus will be amended to include additional disclosure before offers and sales of the securities in question are made: . to the extent the securities are sold at a fixed price or at a price other than the prevailing market price, such price would be set forth in the prospectus, . if the securities are sold in block transactions and the purchaser acting in the capacity of an underwriter wishes to resell, such arrangements would be described in the prospectus, . if the selling stockholder sells to a broker-dealer acting in the capacity as an underwriter, such broker-dealer will be identified in the prospectus and . if the compensation paid to broker-dealers is other than usual and customary discounts, concessions or commissions, disclosure of the terms of the transaction would be included in the prospectus. LEGAL MATTERS The validity of the shares of common stock offered hereby will be passed upon for VeriSign by Fenwick & West LLP, Palo Alto, California. EXPERTS The consolidated balance sheets of VeriSign, Inc., and subsidiaries as of December 31, 1998 and 1997 and the consolidated statements of operations, stockholders' equity, and cash flows for each of the years in the three-year period ended December 31, 1998, have been incorporated by reference herein and in the registration statement in reliance upon the report of KPMG LLP, independent auditors, incorporated by reference herein, and upon the authority of said firm as experts in accounting and auditing. 18 DOCUMENTS INCORPORATED BY REFERENCE IN THIS PROSPECTUS THIS PROSPECTUS INCORPORATES DOCUMENTS BY REFERENCE WHICH ARE NOT PRESENTED HEREIN OR DELIVERED HEREWITH. All documents filed by us pursuant to Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act, after the date of this prospectus are incorporated by reference into and to be a part of this prospectus from the date of filing of those documents. YOU SHOULD RELY ONLY ON THE INFORMATION CONTAINED IN THIS DOCUMENT OR THAT WE HAVE REFERRED YOU TO. WE HAVE NOT AUTHORIZED ANYONE TO PROVIDE YOU WITH INFORMATION THAT IS DIFFERENT. The following documents which were filed by VeriSign with the Securities and Exchange Commission, are incorporated by reference into this prospectus. . VeriSign's Annual Report on Form 10-K for the year ended December 31, 1998 (SEC file number 000-28064 and filing date February 22, 1999) . VeriSign's Registration Statement on Form 8-A (SEC file number 000- 23593 and filing date January 5, 1998, which describes VeriSign's common stock) Any statement contained in a document incorporated or deemed to be incorporated herein by reference will be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained in this prospectus or any other subsequently filed document that is deemed to be incorporated in this prospectus by reference modifies or supersedes the statement. Any statement so modified or superseded will not be deemed, except as so modified or superseded, to constitute a part of this prospectus. WHERE YOU CAN FIND MORE INFORMATION The documents incorporated by reference into this prospectus are available from us upon request. We will provide a copy of any and all of the information that is incorporated by reference in this prospectus, not including exhibits to the information unless those exhibits are specifically incorporated by reference into this prospectus, to any person, without charge, upon written or oral request. Requests for documents should be directed to VeriSign, Inc., Attention: Investor Relations, 1350 Charleston Road, Mountain View, California, 94043-1331, telephone number (650) 429-3550. We file reports, proxy statements and other information with the Securities and Exchange Commission. Copies of our reports, proxy statements and other information may be inspected and copied at the public reference facilities maintained by the SEC: Judiciary Plaza Citicorp Center Seven World Trade Center Room 1024 5000 West Madison Street 13th Floor 450 Fifth Street, N.W. Suite 1400 New York, New York 10048 Washington, D.C. 20549 Chicago, Illinois 60661 Copies of these materials can also be obtained by mail at prescribed rates from the Public Reference Section of the SEC, 450 Fifth Street, N.W., Washington, D.C. 20549 or by calling the SEC at 19 1-800-SEC-0330. The SEC maintains a Website that contains reports, proxy statements and other information regarding each of us. The address of the SEC Website is VeriSign has filed a registration statement under the Securities Act with the Securities and Exchange Commission with respect to the shares to be sold by the selling stockholder. This prospectus has been filed as part of the registration statement. This prospectus does not contain all of the information set forth in the registration statement because certain parts of the registration statement are omitted in accordance with the rules and regulations of the SEC. The registration statement is available for inspection and copying as set forth above. THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO PURCHASE, THE SECURITIES OFFERED BY THIS PROSPECTUS OR THE SOLICITATION OF A PROXY, IN ANY JURISDICTION TO OR FROM ANY PERSON TO WHOM OR FROM WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER, SOLICITATION OF AN OFFER OR PROXY SOLICITATION IN SUCH JURISDICTION. NEITHER THE DELIVERY OF THIS PROSPECTUS NOR ANY DISTRIBUTION OF SECURITIES PURSUANT TO THIS PROSPECTUS SHALL, UNDER ANY CIRCUMSTANCES, CREATE ANY IMPLICATION THAT THERE HAS BEEN NO CHANGE IN THE INFORMATION SET FORTH OR INCORPORATED HEREIN BY REFERENCE OR IN OUR AFFAIRS SINCE THE DATE OF THIS PROSPECTUS. 20 ================================================================================ VERISIGN, INC. 407,622 Shares of Common Stock ____________________ PROSPECTUS ____________________ ================================================================================