arcgis desktop - How to create Point Transects along line?

I would like to create a point shapefile that will contain sampling points along, and perpendicular to either side of a track route that I have as a line feature in ArcGIS 10.1. The points on the track will be every 50m along the line with the perpendicular points 10m either side of that.

Is there a tool or script that I can use to generate my points to save me placing over 300 points manually? Any help would be great.

****Edit 17:25 07.04.2013****

Thank your for the help so far but I am not sure that those methods would achieve what I am trying to.

Attached is a image prepared in powerpoint of what I am trying to achieve.

As you can see I would like to place points every 50m along the route of an existing track that is present in real life and has been digitised in to ArcGIS. The points perpendicular to the track points are 10m either side of the point.

I did manage to get a rough plan of the locations by using a bit of a long winded route and a free add in tool called ETGeo Wizard. This method involved the following steps: 1. Generate a 10m buffer around the track route polyline; 2. Convert the buffer polygon to a polyline; 3. Split the rounded ends off the polyline (i.e the original rounded edges of the buffer) leaving two lines 10m from the track route polyline; 4. Use ETGeo Wizard to place points every 50m along the polyline;

This method does give me the points but there is a lot of error meaning a lot of manual editing. It is also quiet a time consuming method of generating my points given that I have lots of track sections to place points on. I would therefore like to find a way to generate the points automatically using a tool or script.

I hope this helps to explain what I am trying to achieve a little clearer?

Thanks for any help