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AnExchange was a Marin County based folk-rock group of the late 1960s, playing opening acts at San Carlos's Circle Star Theater for Ike & Tina Turner, The Everly Brothers and Joan Baez at the Edmonton Folk Music Festival. They regularly performed at San Francisco's Coal Yard, Marin County's Gatsbys and were the first group to play at the Mill Valley Sweetwater Saloon, becoming the long running house band. Then touring the Rocky Mountains ski resorts at Sun Valley, Aspen and Steamboat Springs. AnExchange made popular the songs, "Cody", written by John Stewart, "California Lights" and "Wind Beneath My Wings", the latter recorded by Bette Midler. Schaeffer was producer and arranger on Why Can't I, Parsons' debut solo album.