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the short answer is yes. it will appear as a separate cert
on your transcript. here is a direct quote from MS about
benefits.
"The primary benefit of achieving the certification is
that you can demonstrate your skills as a systems engineer
with a specific focus on designing and implementing a
secure Windows 2000 network infrastructure. In addition,
you can demonstrate skills appropriate to creating a
secure computing environment. Individuals who achieve the
MCSE: Security certification will receive a certificate,
lapel pin, and wallet card to mark the achievement. Your
MCP transcript will show "MCSE: Security on Microsoft
Windows 2000" in the Microsoft Certification Status
section. "
it is from this webpage :

http://www.microsoft.com/traincert/m...curity/faq.asp

basically the benefit to specialization is if you are
planning on working in security you can say you have a
security certification.
here is the requirements page:

http://www.microsoft.com/traincert/m...curity/windows
2000.asp
hope that helps
chris k

>-----Original Message-----
>Hi,
>
>Re Microsoft Windows2000 MCSE site, if you take exams 70-
>220 and 70-214 (together with five other exams, of
>course), you'll qualify as an MCSE: Security specialist.
>Is this shown on the cert?
>
>Any advantages of pursuing this security specialization
>path?
>
>Thanks!
>Ethan
>.
>