SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K

                                 Current Report


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): June 5, 2003


                  Citibank (South Dakota), National Association
                                  on behalf of
                       Citibank Credit Card Master Trust I
          (Issuer in respect of the Citibank Credit Card Master Trust I
     5.95% Class A Credit Card Participation Certificates, Series 1993-2
     6.15% Class B Credit Card Participation Certificates, Series 1993-2
     7.25% Class A Credit Card Participation Certificates, Series 1994-2
     7.50% Class B Credit Card Participation Certificates, Series 1994-2
     8.25% Class A Credit Card Participation Certificates, Series 1995-1
     8.45% Class B Credit Card Participation Certificates, Series 1995-1
     6.55% Class A Credit Card Participation Certificates, Series 1995-9
     6.65% Class B Credit Card Participation Certificates, Series 1995-9
  Floating Rate Class A Credit Card Participation Certificates, Series 1996-5
  Floating Rate Class B Credit Card Participation Certificates, Series 1996-5
  Floating Rate Class A Credit Card Participation Certificates, Series 1996-6
  Floating Rate Class B Credit Card Participation Certificates, Series 1996-6
  Floating Rate Class A Credit Card Participation Certificates, Series 1997-4
  Floating Rate Class B Credit Card Participation Certificates, Series 1997-4
  Zero Coupon Class A Credit Card Participation Certificates, Series 1997-6
  Zero Coupon Class B Credit Card Participation Certificates, Series 1997-6






                                                       [Cover page 1 of 2 pages]


<PAGE>

     6.05% Class A Credit Card Participation Certificates, Series 1998-2
     6.20% Class B Credit Card Participation Certificates, Series 1998-2
     5.30% Class A Credit Card Participation Certificates, Series 1998-9
     5.55% Class B Credit Card Participation Certificates, Series 1998-9
     5.50% Class A Credit Card Participation Certificates, Series 1999-1
     5.75% Class B Credit Card Participation Certificates, Series 1999-1
     5.875% Class A Credit Card Participation Certificates, Series 1999-2
     6.150% Class B Credit Card Participation Certificates, Series 1999-2
     6.10% Class A Credit Card Participation Certificates, Series 1999-5
     6.30% Class B Credit Card Participation Certificates, Series 1999-5
     6.65% Class A Credit Card Participation Certificates, Series 1999-7
     6.90% Class B Credit Card Participation Certificates, Series 1999-7
               Credit Card Participation Certificate, Series 2000
                       (collectively, the "Certificates"))

               (Exact name of registrant as specified in charter)


  United States of America                            46-0358360

(State or other jurisdiction                (I.R.S. Employer Identification No.)
of incorporation)


                33-41055, 33-43576, 33-62180, 33-77802, 33-84834,
 33-97664, 33-99328, 333-38803, 333-80743, 333-52984, 333-91326 and 333-103013

                            (Commission File Numbers)

    701 East 60th Street, North
      Sioux Falls, South Dakota                             57117

(Address of principal executive offices)                  (Zip Code)

    Registrant's telephone number, including area code:  (605) 331-2626

                                 Not Applicable

          (Former name or former address, if changed since last report)






                                                       [Cover page 2 of 2 pages]


<PAGE>

Item 5.  Other Events.

         The following information relates to the credit card receivables owned
by Citibank Credit Card Master Trust I and the related credit card accounts.
Some of the terms used herein are used as defined in the Glossary of Terms at
the end of this Report.

Loss and Delinquency Experience

         The following table sets forth the loss experience for cardholder
payments on the credit card  accounts  for each of the periods  shown.  The loss
experience set forth in the following table has not been adjusted to reflect the
experience of the accounts  added to the master trust in lump additions on March
29, 2003,  April 26, 2003 and May 24, 2003. See "Lump  Additions"  below. If the
lump addition  accounts were  reflected,  the loss  experience  set forth in the
table below would not be materially different.

         Losses consist of write-offs of principal receivables. These losses are
presented below on a cash basis. If accrued finance charge receivables that have
been written off were included in losses, Net Losses would be higher as an
absolute number and as a percentage of the average of principal and finance
charge receivables outstanding during the periods indicated. Average Principal
Receivables Outstanding is the average of principal receivables outstanding
during the periods indicated. The percentage reflected for the three months
ended March 31, 2003 is an annualized number. There can be no assurance that the
loss experience for the receivables in the future will be similar to the
historical experience set forth below.


                        Loss Experience for the Accounts
                             (Dollars in Thousands)


                          Three Months      Year Ended December 31,
                             Ended
                         March 31, 2003      2002         2001          2000
                         --------------      ----         ----          ----

Average Principal
Receivables Outstanding  ... $74,223,144  $64,285,548  $55,438,042  $48,929,967

Net Losses  ................. $1,125,958   $3,588,849   $2,496,412   $1,804,942

Net Losses as a Percentage
  of Average Principal
  Receivables Outstanding ...      6.15%       5.58%         4.50%        3.71%


         Net losses as a percentage of gross charge-offs for the first three
months of 2003 were 93.84% and for each of the years ended December 31, 2002,
2001, and 2000 were 92.63% 88.70% and 87.65% respectively. Gross charge-offs are
charge-offs before recoveries and do not include the amount of any reductions in
Average Principal Receivables Outstanding due to fraud, returned goods, customer
disputes or various other miscellaneous write-offs.


                                       3


<PAGE>

         The following table sets forth the delinquency experience for
cardholder payments on the credit card accounts for each of the periods shown.
The delinquency experience set forth in the following table has not been
adjusted to reflect the delinquency experience of the accounts included in the
lump additions.  If the lump addition accounts were reflected, the delinquency
 experience set forth in the table below would not be materially different.

         The Delinquent Amount includes both principal receivables and finance
charge receivables. The percentages are the result of dividing the Delinquent
Amount by the average of principal and finance charge receivables outstanding
during the periods indicated. There can be no assurance that the delinquency
experience for the receivables in the future will be similar to the historical
experience set forth below.


<TABLE>
<CAPTION>

                                    Delinquencies as a Percentage of the Accounts
                                               (Dollars in Thousands)


                                                                          As of December 31,
                                                                          ------------------

                               As of
                           March 31, 2003               2002                      2001                      2000
                           --------------               ----                      ----                      ----

Number of Days        Delinquent                Delinquent                Delinquent                Delinquent
Delinquent              Amount    Percentage      Amount    Percentage      Amount    Percentage      Amount    Percentage
----------              ------    ----------      ------    ----------      ------    ----------      ------    ----------
<S>                   <C>            <C>          <C>         <C>           <C>          <C>            <C>        <C>
35-64 days........   $1,078,742      1.43%      $1,080,847    1.66%        $955,863      1.70%         $814,410     1.64%
65-94 days........      756,815      1.00          743,485    1.14          631,073      1.12           469,595     0.95
95 days or more...    1,521,291      2.02        1,494,694    2.29        1,067,318      1.90           709,346     1.43
                      ---------      ----        ---------    ----        ---------      ----           -------     ----
Total.............   $3,356,848      4.45%      $3,319,026    5.09%      $2,654,254      4.72%       $1,993,351     4.02%

</TABLE>

Revenue Experience

         The revenues for the credit card accounts from finance charges, fees
paid by cardholders and interchange for the three months ended March 31, 2003
and for each year of the three-year period ended December 31, 2002 are set forth
in the following table. The following table has not been adjusted to reflect the
revenue experience of the accounts included in the lump additions. If the lump
addition accounts were reflected, the revenue experience set forth in the table
below would not be materially different.

         The revenue experience in this table is presented on a cash basis
before deduction for charge-offs. Average Revenue Yield is the result of
dividing Finance Charges and Fees Paid by Average Principal Receivables
Outstanding during the periods indicated. The percentage for the three months
ended March 31, 2003 is an annualized number. Revenues from finance charges,
fees and interchange will be affected by numerous factors, including the
periodic finance charge on the credit card receivables, the amount of any annual
membership fee, other fees paid by cardholders, the percentage of cardholders
who pay off their balances in full each month and do not incur periodic finance
charges on purchases, the percentage of credit card accounts bearing finance
charges at promotional rates and changes in the level of delinquencies on the
receivables.


                                       4


<PAGE>

                       Revenue Experience for the Accounts
                             (Dollars in Thousands)


                                Three Months     Year Ended December 31,
                                   Ended
                               March 31, 2003     2002       2001        2000
                               --------------     ----       ----        ----

Finance Charges and Fees Paid... $2,733,956   $9,739,411  $8,807,834  $8,096,143
Average Revenue Yield ..........     14.94%       15.15%      15.89%      16.64%

         The revenues from periodic finance charges and fees -- other than
annual fees -- depend in part upon the collective preference of cardholders to
use their credit cards as revolving debt instruments for purchases and cash
advances and to pay account balances over several months -- as opposed to
convenience use, where cardholders pay off their entire balance each month,
thereby avoiding periodic finance charges on their purchases -- and upon other
card-related services for which the cardholder pays a fee. Revenues from
periodic finance charges and fees also depend on the types of charges and fees
assessed on the credit card accounts. Accordingly, revenues will be affected by
future changes in the types of charges and fees assessed on the accounts and in
the types of additional accounts added from time to time. These revenues could
be adversely affected by future changes in fees and charges assessed on the
accounts and other factors.

Cardholder Monthly Payment Rates

         Monthly payment rates on the credit card receivables may vary because,
among other things, a cardholder may fail to make a required payment, may only
make the minimum required payment or may pay the entire outstanding balance.
Monthly payment rates on the receivables may also vary due to seasonal
purchasing and payment habits of cardholders. The following table sets forth the
highest and lowest cardholder monthly payment rates for the credit card accounts
during any month in the periods shown and the average of the cardholder monthly
payment rates for all months during the periods shown, in each case calculated
as a percentage of the total beginning account balances for that month. The
cardholder monthly payment rates set forth in the following table have not been
adjusted to reflect the experience of the accounts included in the lump
additions. If the lump addition accounts were reflected, the cardholder monthly
payment rates on the accounts as set forth in the table below would not be
materially different.

         Monthly payment rates include amounts that would be deemed payments of
principal receivables and finance charge receivables with respect to the
accounts. In addition, the amount of outstanding receivables and the rates of
payments, delinquencies, charge-offs and new borrowings on the accounts depend
on a variety of factors including seasonal variations, the availability of other
sources of credit, general economic conditions, tax laws, consumer spending and
borrowing patterns and the terms of the accounts, which may change.


                                       5


<PAGE>

                Cardholder Monthly Payment Rates for the Accounts


                                Three Months        Year Ended December 31,
                                   Ended
                               March 31, 2003   2002      2001      2000
                               --------------   ----      ----      ----

Lowest Month.................      16.17%       16.29%    17.43%    18.90%
Highest Month................      19.23%       20.35%    21.37%    23.03%
Average of the Months
  in the Period..............      17.65%       18.43%    19.66%    20.72%

Interchange

         Creditors participating in the MasterCard International and VISA
associations receive interchange as partial compensation for taking credit risk,
absorbing fraud losses and funding receivables for a limited period before
initial billing. Under the MasterCard International and VISA systems, a portion
of this interchange in connection with cardholder charges for merchandise and
services is passed from banks which clear the transactions for merchants to
credit card-issuing banks. Interchange ranges from approximately 1% to 2% of the
transaction amount. Citibank (South Dakota) is required to transfer to the
master trust interchange attributed to cardholder charges for merchandise and
services in the accounts. In general, interchange is allocated to the master
trust on the basis of the ratio that the amount of cardholder charges for
merchandise and services in the accounts bears to the total amount of cardholder
charges for merchandise and services in the portfolio of credit card accounts
maintained by Citibank (South Dakota). MasterCard International and VISA may
change the amount of interchange reimbursed to banks issuing their credit cards.

The Credit Card Receivables

         The receivables in the credit card accounts as of March 31, 2003
(including those accounts added to the master trust by the March lump addition
but  excluding those accounts added to the  master  trust by the  April lump
addition and May lump  addition)  included  $1,043,255,048  of finance charge
receivables and $74,948,397,775 of principal  receivables -- which amounts
include overdue finance charge receivables and overdue principal receivables. As
of March 31, 2003, and including those accounts added to the master trust by the
March lump addition but excluding those accounts added to the master trust by
the April lump addition and May lump addition, there were 60,235,591  accounts.
Included  within the accounts are inactive accounts  that have no balance.  The
accounts had an average  principal receivable  balance of $1,244 and an average
credit limit of $7,300.  The average total receivable balance in the accounts as
a percentage of the average  credit limit with respect to the accounts was 17%.
Approximately 92% of the accounts were  opened  before  March  2001.  Of the
accounts,  approximately 12.94% related to cardholders with billing addresses in
California, 9.38% in New York, 6.37% in Texas, 6.07% in Florida, and 5.00% in
Pennsylvania.  Not more than 5% of the accounts related to cardholders  having
billing addresses in any other single state.

         The credit card accounts include receivables which, in accordance with
the servicer's normal servicing policies, were charged-off as uncollectible
before they were added to the master trust. However, for purposes of calculation
of the amount of principal receivables and finance charge receivables in the
master trust for any date, the balance of the charged-off receivables is zero
and the master trust owns only the right to receive recoveries on these
receivables.


                                       6


<PAGE>

         The following tables summarize the credit card accounts (including
those accounts added to the master trust by the March lump addition but
excluding those accounts added to the master trust by the April lump addition
and May lump addition) by various  criteria as of March 31, 2003.  References to
"Receivables Outstanding"  in these  tables  include both finance  charge
receivables  and principal  receivables.  Because the  composition of the
accounts will change in the  future,  these  tables  are  not  necessarily
indicative  of  the  future composition of the accounts.

         Credit balances presented in the following table are a result of
cardholder payments and credit adjustments applied in excess of a credit card
account's unpaid balance. Accounts which have a credit balance are included
because receivables may be generated in these accounts in the future. Credit
card accounts which have no balance are included because receivables may be
generated in these accounts in the future.


                   Composition of Accounts by Account Balance

                                           Percentage                 Percentage
                                            of Total                   of Total
                                Number of   Number of  Receivables   Receivables
        Account Balance         Accounts    Accounts   Outstanding   Outstanding
        ---------------         ---------   ---------  -----------   -----------

Credit Balance.................    496,904   0.82%     $(88,267,542)    -0.12%
No Balance..................... 38,604,767   64.09                0      0.00
Less than or equal to $500.00..  5,420,023    9.00      931,687,688      1.23
$500.01 to $1,000.00...........  2,091,460    3.47    1,539,594,596      2.02
$1,000.01 to $2,000.00.........  2,797,324    4.64    4,123,406,623      5.43
$2,000.01 to $3,000.00.........  2,096,934    3.48    5,213,248,323      6.86
$3,000.01 to $4,000.00.........  1,676,564    2.78    5,847,491,431      7.69
$4,000.01 to $5,000.00.........  1,458,567    2.42    6,565,139,327      8.64
$5,000.01 to $6,000.00.........  1,159,922    1.93    6,367,063,766      8.38
$6,000.01 to $7,000.00.........    942,885    1.57    6,117,087,278      8.05
$7,000.01 to $8,000.00.........    753,826    1.25    5,639,663,924      7.42
$8,000.01 to $9,000.00.........    584,738    0.97    4,960,567,319      6.53
$9,000.01 to $10,000.00........    466,550    0.77    4,424,923,743      5.83
Over $10,000.00................  1,685,127    2.80   24,350,046,348     32.04
                                 ---------    ----   --------------     -----

Total.......................... 60,235,591  100.00% $75,991,652,823    100.00%


                                       7


<PAGE>

                     Composition of Accounts by Credit Limit

                                          Percentage                  Percentage
                                           of Total                    of Total
                               Number of   Number of  Receivables    Receivables
         Credit Limit          Accounts    Accounts   Outstanding    Outstanding
         ------------          ---------   --------   -----------    -----------

Less than or equal to $500.00.. 3,243,622     5.38%    $  44,166,464     0.06%
$500.01 to $1,000.00........... 2,531,867     4.20%      233,144,613     0.31%
$1,000.01 to $2,000.00......... 5,088,119     8.45%    1,116,007,904     1.47%
$2,000.01 to $3,000.00......... 4,585,603     7.61%    1,878,458,299     2.47%
$3,000.01 to $4,000.00......... 3,807,435     6.32%    2,275,450,305     2.99%
$4,000.01 to $5,000.00......... 6,126,534    10.17%    3,903,562,543     5.14%
$5,000.01 to $6,000.00......... 4,851,731     8.05%    3,782,443,975     4.98%
$6,000.01 to $7,000.00......... 4,405,503     7.31%    4,209,330,645     5.54%
$7,000.01 to $8,000.00......... 4,365,515     7.25%    4,594,235,365     6.05%
$8,000.01 to $9,000.00......... 3,564,880     5.92%    4,492,457,418     5.91%
$9,000.01 to $10,000.00........ 3,495,197     5.80%    4,649,278,487     6.12%
$10,000.01 to $15,000.00....... 8,905,907    14.80%   18,531,640,362    24.39%
Over $15,000.00................ 5,263,678     8.74%   26,281,476,443    34.57%
                                ---------     -----   --------------    ------
    Total..................... 60,235,591   100.00%   75,991,652,823   100.00%


         Accounts presented in the table below as "Current" include accounts on
which the minimum payment has not been received before the next billing date
following the issuance of the related bill.


                    Composition of Accounts by Payment Status

                                          Percentage                 Percentage
                                           of Total                   Of Total
                               Number of   Number of   Receivables   Receivables
      Payment Status            Accounts   Accounts   Outstanding    Outstanding
      --------------           ---------   --------   ------------   -----------

Current.....................  58,853,078   97.70%   $69,535,986,545     91.50%
Up to 34 days delinquent....     742,077    1.23      3,098,817,624     4.08
35 to 64 daysdelinquent.....     225,630    0.37      1,078,742,084     1.42
65 to 94 days delinquent....     142,667    0.24        756,815,440     1.00
95 to 124 days delinquent...     108,401    0.18        596,152,740     0.78
125 to 154 days delinquent..      88,140    0.15        491,557,421     0.65
155 to 184 days delinquent..      75,598    0.13        433,580,969     0.57
                                  ------    ----        -----------     ----

 Total......................  60,235,591  100.00%   $75,991,652,823    100.00%


                                       8


<PAGE>

                         Composition of Accounts by Age

                                            Percentage                Percentage
                                             of Total                  of Total
                                Number of   Number of   Receivables  Receivables
         Age                    Accounts    Accounts    Outstanding  Outstanding
         ---                    ---------   --------    -----------  -----------

Less than or equal to 6 months..          0    0.00%          $0         0.00%
Over 6 months to 12 months......     75,688    0.13      137,175,502     0.18
Over 12 months to 24 months.....  4,782,474    7.94    7,338,081,298     9.66
Over 24 months to 36 months.....  5,596,862    9.29    9,321,924,375    12.27
Over 36 months to 48 months.....  4,546,078    7.54    6,320,951,661     8.31
Over 48 months.................. 45,234,489   75.10   52,873,519,987    69.58
                                 ----------   -----   --------------    -----
 Total.......................... 60,235,591  100.00% $75,991,652,823   100.00%


Billing and Payments

         The credit card accounts have different billing and payment structures,
including different periodic finance charges and fees. The following information
reflects the current billing and payment characteristics of the accounts.

         Each month, billing statements are sent to cardholders who had activity
during the immediately preceding billing period. To the extent a cardholder has
a balance due, the cardholder must make a minimum payment equal to the sum of

         (1)  the amount which is past due plus any amount which is in excess of
              the credit limit,

         (2)  if the account is a combined credit card and a separate AT&T
              calling card, the sum of all calling transactions posted to the
              account in the current billing period, and

         (3)  for most accounts, the new balance on the billing statement if it
              is less than $20, or $20, if the new balance is at least $20 and
              not greater than $960, or if the new balance exceeds $960, 1/48th
              of the new balance; for a small portion of the accounts, the
              greater of $15 and 2% of the balance due.

The required minimum payment, however, cannot be less than the finance charges
billed. For most accounts, if the minimum payment due equals the finance charges
billed or if any balance has a rate of more than 19.99% imposed on it, $5 will
be added to the minimum due.

         A periodic finance charge is imposed on the credit card accounts. The
periodic finance charge imposed on balances for purchases and cash advances for
a majority of the accounts is calculated by multiplying (1) the daily balances
for each day during the billing cycle by (2) the applicable daily periodic
finance charge rate, and summing the results for each day in the billing period.
The daily balance is calculated by taking the previous day's balance, adding any
new purchases or cash advances and fees, adding the daily finance charge on the
previous day's balance, and subtracting any payments or credits. Cash advances
are included in the daily balance from the date the advances are made. Purchases
are included in the daily balance generally from the date of purchase. Periodic
finance charges are not imposed in most circumstances on


                                       9


<PAGE>

purchase amounts if all balances shown in the previous billing statement are
paid in full by the due date indicated on the statement.

         No finance charge is imposed on calling card transactions in the
billing cycle in which the transactions are posted to the account. The
receivables represented by these charges are not part of the master trust's
assets. However, any charge for calling card transactions that is not paid by
the payment due date on the monthly statement in which it is billed is added to
the daily balance of purchases on the first day of the next billing cycle. These
unpaid calling card transactions, and any finance charges on these unpaid
transactions, then become receivables that are part of the master trust's
assets.

         The periodic finance charge imposed on balances in most credit card
accounts for purchases is currently the Prime Rate, as published in The Wall
Street Journal, plus a percentage ranging from 5.40% to 11.99%. As of the most
recent monthly reset date, the periodic finance charge on balances in most
accounts for purchases ranged from 10.15% to 16.74%. The periodic finance charge
imposed on balances in most credit card accounts for cash advances is currently
the greater of 19.99% and the sum of the Prime Rate and 14.99%. If a cardholder
defaults under their credit card agreement, the periodic finance charge assessed
on all balances in their account can be increased to the Prime Rate plus up to
23.99%. Promotional rates of limited duration are offered from time to time to
attract new cardholders and to promote balance transfers from other credit card
issuers and the periodic finance charge on a limited number of accounts may be
greater or less than those generally assessed on the accounts.

         The periodic finance charge on accounts may be changed at any time by
providing prior written notice to cardholders. Any increase in the finance
charge will become effective upon the earlier of subsequent use of a card and
the expiration of a 25-day period from the date the change was made effective --
assuming failure on the part of the cardholder to object to the new rate.

         Most of the accounts are subject to additional fees, including:

         o        a late fee if the cardholder does not make the required
                  minimum payment by the payment date shown on the monthly
                  billing statement, which fee is assessed monthly until the
                  account is less than 30 days past due. The late fee is $15 on
                  balances up to $100, $25 on balances of $100 up to $1,000 and
                  $35 on balances of $1,000 and over;

         o        a cash advance fee which is generally equal to 3.0% of the
                  amount of the cash advance, subject to a minimum fee of $5;

         o        a balance transfer fee of 3.0% of the amount transferred to
                  the account, subject to a minimum fee of $5 and a maximum fee
                  of $50;
         o        a returned payment fee of $29;

         o        a returned check fee of $29;

         o        a stop payment fee of $29; and


                                       10


<PAGE>

         o        a fee of $35 for each billing period with respect to each
                  account with an outstanding balance over the credit limit
                  established for that account.

There can be no assurance that periodic finance charges, fees and other charges
will remain at current levels in the future.

         Payments by cardholders on the accounts are processed and applied first
to all minimum amounts due. Payments in excess of the minimum amount due are
applied to balances associated with low periodic rates before balances
associated with higher periodic rates.

Lump Additions

         Citibank (South Dakota), National Association and Citibank (Nevada),
National Association together transferred $2,768,976,262 of credit card
receivables to Citibank Credit Card Master Trust I in a lump addition on March
29, 2003. The receivables consisted of $2,733,277,210 of principal receivables
and $35,699,052 of finance charge receivables.

         Citibank (South Dakota), National Association transferred
$2,793,161,738 of credit card receivables to Citibank Credit Card Master Trust I
in a lump addition on April 26, 2003. The receivables consisted of
$2,765,035,614 of principal receivables and $28,126,124 of finance charge
receivables.

         Citibank (South Dakota), National Association transferred
$2,265,152,010 of credit card receivables to Citibank Credit Card Master Trust I
in a lump addition on May 24, 2003.  The receivables consisted of $2,234,096,925
of principal receivables and $31,055,085 of finance charge receivables.


                                       11


<PAGE>

                                GLOSSARY OF TERMS

"accounts" means the portfolio of revolving credit card accounts established and
supplemented in accordance with the pooling and servicing agreement.

"additional accounts" consist of newly originated eligible accounts to be
included as accounts and accounts relating to any lump sum additions.

"Banks" means Citibank (South Dakota), National Association, a national banking
association, and Citibank (Nevada), National Association, a national banking
association.

"eligible accounts" An "eligible account" is defined to mean a revolving credit
card account owned by Citibank (South Dakota), any additional seller or any
other affiliate thereof which, as of the master trust cut-off date with respect
to an initial account or as of the additional cut-off date with respect to an
additional account: (a) is in existence and maintained by Citibank (South
Dakota), the additional seller or the other affiliate; (b) is payable in United
States dollars; (c) in the case of the initial accounts, has a cardholder who
has provided, as his most recent billing address, an address located in the
United States or its territories or possessions or a military address; (d) has a
cardholder who has not been identified by Citibank (South Dakota), the
additional seller or the other affiliate in its computer files as being involved
in a voluntary or involuntary bankruptcy proceeding; (e) has not been identified
as an account with respect to which the related card has been lost or stolen;
(f) has not been sold or pledged to any other party except for any sale to any
seller, additional seller or other affiliate; (g) does not have receivables
which have been sold or pledged to any other party other than any sale to any
seller, additional seller or other affiliate; and (h) in the case of the initial
accounts, is a VISA or MasterCard revolving credit card account.

"finance charge receivables" consist of all periodic finance charges, annual
membership fees, cash advance fees and late charges on amounts charged for
merchandise and services and some other fees designated by the Banks. In
addition, some interchange attributed to cardholder charges for merchandise and
services in the accounts will be treated as finance charge receivables.

"interchange" means interchange fees payable to Citibank (South Dakota) or any
additional seller or other affiliate which has designated accounts to the master
trust, in its capacity as credit card issuer, through VISA, Mastercard or any
other similar entity or organization with respect to any other type of revolving
credit card accounts included as accounts (except as otherwise provided in the
initial assignment with respect to any such other type of accounts), in
connection with cardholder charges for goods and services.

"lump sum addition" means the designation of additional eligible accounts to be
included as accounts pursuant to Section 2.09(a) or (b) of the pooling and
servicing agreement.

"master trust" means Citibank Credit Card Master Trust I.


                                       12


<PAGE>

"pooling and servicing agreement" means the Amended and Restated Pooling and
Servicing Agreement dated as of October 5, 2001, among the Banks and Deutsche
Bank Trust Company Americas (formerly Bankers Trust Company), as trustee,
including all amendments thereto.

"principal receivables" consist of all amounts charged by cardholders for
merchandise and services, amounts advanced to cardholders as cash advances and
some fees billed to cardholders on the accounts.

"receivables" means all amounts shown on the servicer's records as amounts
payable by the person or persons obligated to make payments with respect to the
accounts.

"Receivables Outstanding" as defined on page 7.


                                       13


<PAGE>

                                   SIGNATURES
                                   ----------

               Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.


                                   CITIBANK (SOUTH DAKOTA),
                                   NATIONAL ASSOCIATION,
                                   as Servicer
                                   (Registrant)


                                   By: /s/Douglas C. Morrison
                                       ----------------------
                                          Douglas C. Morrison
                                          Vice President


Dated: June 5, 2003




                                       14
[{"type": "8-K", "sequence": "1", "filename": "may-8k.txt", "description": "CCCMT8K", "secsgml_size_bytes": 36272}]
[{"company-data": {"conformed-name": "CITIBANK CREDIT CARD MASTER TRUST I", "cik": "0000921864", "assigned-sic": "6189", "irs-number": "460358360", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-80743-02", "film-number": "03733504"}, "business-address": {"street1": "701 E 60TH STREET NORTH", "city": "SIOUX FALLS", "state": "SD", "zip": "57117", "phone": "6053312626"}, "former-company": {"former-conformed-name": "STANDARD CREDIT CARD MASTER TRUST I", "date-changed": "19940419"}}, {"company-data": {"conformed-name": "CITIBANK CREDIT CARD ISSUANCE TRUST", "cik": "0001108348", "assigned-sic": "6189", "irs-number": "460358360", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-52984-03", "film-number": "03733503"}, "business-address": {"street1": "C/O CITIBANK SOUTH DAKOTA NA", "street2": "701 EAST 60TH STREET NORTH", "city": "SIOUX FALLS", "state": "SD", "zip": "57117", "phone": "6053312626"}}, {"company-data": {"conformed-name": "CITIBANK SOUTH DAKOTA N A", "cik": "0000839947", "assigned-sic": "6189", "irs-number": "460358360", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17797", "film-number": "03733502"}, "business-address": {"street1": "425 PARK AVE.", "street2": "2ND FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10043", "phone": "6053312626"}, "mail-address": {"street1": "CITIBANK N A LEGAL AFFAIRS OFFICE", "street2": "425 PARK AVENUE 2ND FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10043"}}, {"company-data": {"conformed-name": "CITIBANK NEVADA NATIONAL ASSOCIATION", "cik": "0000839948", "assigned-sic": "6189", "irs-number": "880202961", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-24657-01", "film-number": "03733505"}, "business-address": {"street1": "701 EAST 60TH STREET, NORTH", "city": "SIOUX FALLS", "state": "SD", "zip": "57117", "phone": "7027974444"}, "mail-address": {"street1": "8725 WEST SAHARA AVENUE", "city": "LAS VEGAS", "state": "NV", "zip": "89163"}}]
SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 Current Report

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): June 5, 2003

                  Citibank (South Dakota), National Association
                                  on behalf of
                       Citibank Credit Card Master Trust I
          (Issuer in respect of the Citibank Credit Card Master Trust I
     5.95% Class A Credit Card Participation Certificates, Series 1993-2
     6.15% Class B Credit Card Participation Certificates, Series 1993-2
     7.25% Class A Credit Card Participation Certificates, Series 1994-2
     7.50% Class B Credit Card Participation Certificates, Series 1994-2
     8.25% Class A Credit Card Participation Certificates, Series 1995-1
     8.45% Class B Credit Card Participation Certificates, Series 1995-1
     6.55% Class A Credit Card Participation Certificates, Series 1995-9
     6.65% Class B Credit Card Participation Certificates, Series 1995-9
  Floating Rate Class A Credit Card Participation Certificates, Series 1996-5
  Floating Rate Class B Credit Card Participation Certificates, Series 1996-5
  Floating Rate Class A Credit Card Participation Certificates, Series 1996-6
  Floating Rate Class B Credit Card Participation Certificates, Series 1996-6
  Floating Rate Class A Credit Card Participation Certificates, Series 1997-4
  Floating Rate Class B Credit Card Participation Certificates, Series 1997-4
  Zero Coupon Class A Credit Card Participation Certificates, Series 1997-6
  Zero Coupon Class B Credit Card Participation Certificates, Series 1997-6

                                                       [Cover page 1 of 2 pages]
6.05% Class A Credit Card Participation Certificates, Series 1998-2
     6.20% Class B Credit Card Participation Certificates, Series 1998-2
     5.30% Class A Credit Card Participation Certificates, Series 1998-9
     5.55% Class B Credit Card Participation Certificates, Series 1998-9
     5.50% Class A Credit Card Participation Certificates, Series 1999-1
     5.75% Class B Credit Card Participation Certificates, Series 1999-1
     5.875% Class A Credit Card Participation Certificates, Series 1999-2
     6.150% Class B Credit Card Participation Certificates, Series 1999-2
     6.10% Class A Credit Card Participation Certificates, Series 1999-5
     6.30% Class B Credit Card Participation Certificates, Series 1999-5
     6.65% Class A Credit Card Participation Certificates, Series 1999-7
     6.90% Class B Credit Card Participation Certificates, Series 1999-7
               Credit Card Participation Certificate, Series 2000
                       (collectively, the "Certificates"))

               (Exact name of registrant as specified in charter)

  United States of America                            46-0358360

(State or other jurisdiction                (I.R.S. Employer Identification No.)
of incorporation)

                33-41055, 33-43576, 33-62180, 33-77802, 33-84834,
 33-97664, 33-99328, 333-38803, 333-80743, 333-52984, 333-91326 and 333-103013

                            (Commission File Numbers)

    701 East 60th Street, North
      Sioux Falls, South Dakota                             57117

(Address of principal executive offices)                  (Zip Code)

    Registrant's telephone number, including area code:  (605) 331-2626

                                 Not Applicable

          (Former name or former address, if changed since last report)

                                                       [Cover page 2 of 2 pages]
Item 5.  Other Events.

         The following information relates to the credit card receivables owned
by Citibank Credit Card Master Trust I and the related credit card accounts.
Some of the terms used herein are used as defined in the Glossary of Terms at
the end of this Report.

Loss and Delinquency Experience

         The following table sets forth the loss experience for cardholder
payments on the credit card  accounts  for each of the periods  shown.  The loss
experience set forth in the following table has not been adjusted to reflect the
experience of the accounts  added to the master trust in lump additions on March
29, 2003,  April 26, 2003 and May 24, 2003. See "Lump  Additions"  below. If the
lump addition  accounts were  reflected,  the loss  experience  set forth in the
table below would not be materially different.

         Losses consist of write-offs of principal receivables. These losses are
presented below on a cash basis. If accrued finance charge receivables that have
been written off were included in losses, Net Losses would be higher as an
absolute number and as a percentage of the average of principal and finance
charge receivables outstanding during the periods indicated. Average Principal
Receivables Outstanding is the average of principal receivables outstanding
during the periods indicated. The percentage reflected for the three months
ended March 31, 2003 is an annualized number. There can be no assurance that the
loss experience for the receivables in the future will be similar to the
historical experience set forth below.

                        Loss Experience for the Accounts
                             (Dollars in Thousands)

                          Three Months      Year Ended December 31,
                             Ended
                         March 31, 2003      2002         2001          2000
                         --------------      ----         ----          ----

Average Principal
Receivables Outstanding  ... $74,223,144  $64,285,548  $55,438,042  $48,929,967

Net Losses  ................. $1,125,958   $3,588,849   $2,496,412   $1,804,942

Net Losses as a Percentage
  of Average Principal
  Receivables Outstanding ...      6.15%       5.58%         4.50%        3.71%

         Net losses as a percentage of gross charge-offs for the first three
months of 2003 were 93.84% and for each of the years ended December 31, 2002,
2001, and 2000 were 92.63% 88.70% and 87.65% respectively. Gross charge-offs are
charge-offs before recoveries and do not include the amount of any reductions in
Average Principal Receivables Outstanding due to fraud, returned goods, customer
disputes or various other miscellaneous write-offs.

                                       3
The following table sets forth the delinquency experience for
cardholder payments on the credit card accounts for each of the periods shown.
The delinquency experience set forth in the following table has not been
adjusted to reflect the delinquency experience of the accounts included in the
lump additions.  If the lump addition accounts were reflected, the delinquency
 experience set forth in the table below would not be materially different.

         The Delinquent Amount includes both principal receivables and finance
charge receivables. The percentages are the result of dividing the Delinquent
Amount by the average of principal and finance charge receivables outstanding
during the periods indicated. There can be no assurance that the delinquency
experience for the receivables in the future will be similar to the historical
experience set forth below.
Delinquencies as a Percentage of the Accounts
                                               (Dollars in Thousands)

                                                                          As of December 31,
                                                                          ------------------

                               As of
                           March 31, 2003               2002                      2001                      2000
                           --------------               ----                      ----                      ----

Number of Days        Delinquent                Delinquent                Delinquent                Delinquent
Delinquent              Amount    Percentage      Amount    Percentage      Amount    Percentage      Amount    Percentage
----------              ------    ----------      ------    ----------      ------    ----------      ------    ----------
35-64 days........   $1,078,742      1.43%      $1,080,847    1.66%        $955,863      1.70%         $814,410     1.64%
65-94 days........      756,815      1.00          743,485    1.14          631,073      1.12           469,595     0.95
95 days or more...    1,521,291      2.02        1,494,694    2.29        1,067,318      1.90           709,346     1.43
                      ---------      ----        ---------    ----        ---------      ----           -------     ----
Total.............   $3,356,848      4.45%      $3,319,026    5.09%      $2,654,254      4.72%       $1,993,351     4.02%
Revenue Experience

         The revenues for the credit card accounts from finance charges, fees
paid by cardholders and interchange for the three months ended March 31, 2003
and for each year of the three-year period ended December 31, 2002 are set forth
in the following table. The following table has not been adjusted to reflect the
revenue experience of the accounts included in the lump additions. If the lump
addition accounts were reflected, the revenue experience set forth in the table
below would not be materially different.

         The revenue experience in this table is presented on a cash basis
before deduction for charge-offs. Average Revenue Yield is the result of
dividing Finance Charges and Fees Paid by Average Principal Receivables
Outstanding during the periods indicated. The percentage for the three months
ended March 31, 2003 is an annualized number. Revenues from finance charges,
fees and interchange will be affected by numerous factors, including the
periodic finance charge on the credit card receivables, the amount of any annual
membership fee, other fees paid by cardholders, the percentage of cardholders
who pay off their balances in full each month and do not incur periodic finance
charges on purchases, the percentage of credit card accounts bearing finance
charges at promotional rates and changes in the level of delinquencies on the
receivables.

                                       4
Revenue Experience for the Accounts
                             (Dollars in Thousands)

                                Three Months     Year Ended December 31,
                                   Ended
                               March 31, 2003     2002       2001        2000
                               --------------     ----       ----        ----

Finance Charges and Fees Paid... $2,733,956   $9,739,411  $8,807,834  $8,096,143
Average Revenue Yield ..........     14.94%       15.15%      15.89%      16.64%

         The revenues from periodic finance charges and fees -- other than
annual fees -- depend in part upon the collective preference of cardholders to
use their credit cards as revolving debt instruments for purchases and cash
advances and to pay account balances over several months -- as opposed to
convenience use, where cardholders pay off their entire balance each month,
thereby avoiding periodic finance charges on their purchases -- and upon other
card-related services for which the cardholder pays a fee. Revenues from
periodic finance charges and fees also depend on the types of charges and fees
assessed on the credit card accounts. Accordingly, revenues will be affected by
future changes in the types of charges and fees assessed on the accounts and in
the types of additional accounts added from time to time. These revenues could
be adversely affected by future changes in fees and charges assessed on the
accounts and other factors.

Cardholder Monthly Payment Rates

         Monthly payment rates on the credit card receivables may vary because,
among other things, a cardholder may fail to make a required payment, may only
make the minimum required payment or may pay the entire outstanding balance.
Monthly payment rates on the receivables may also vary due to seasonal
purchasing and payment habits of cardholders. The following table sets forth the
highest and lowest cardholder monthly payment rates for the credit card accounts
during any month in the periods shown and the average of the cardholder monthly
payment rates for all months during the periods shown, in each case calculated
as a percentage of the total beginning account balances for that month. The
cardholder monthly payment rates set forth in the following table have not been
adjusted to reflect the experience of the accounts included in the lump
additions. If the lump addition accounts were reflected, the cardholder monthly
payment rates on the accounts as set forth in the table below would not be
materially different.

         Monthly payment rates include amounts that would be deemed payments of
principal receivables and finance charge receivables with respect to the
accounts. In addition, the amount of outstanding receivables and the rates of
payments, delinquencies, charge-offs and new borrowings on the accounts depend
on a variety of factors including seasonal variations, the availability of other
sources of credit, general economic conditions, tax laws, consumer spending and
borrowing patterns and the terms of the accounts, which may change.

                                       5
Cardholder Monthly Payment Rates for the Accounts

                                Three Months        Year Ended December 31,
                                   Ended
                               March 31, 2003   2002      2001      2000
                               --------------   ----      ----      ----

Lowest Month.................      16.17%       16.29%    17.43%    18.90%
Highest Month................      19.23%       20.35%    21.37%    23.03%
Average of the Months
  in the Period..............      17.65%       18.43%    19.66%    20.72%

Interchange

         Creditors participating in the MasterCard International and VISA
associations receive interchange as partial compensation for taking credit risk,
absorbing fraud losses and funding receivables for a limited period before
initial billing. Under the MasterCard International and VISA systems, a portion
of this interchange in connection with cardholder charges for merchandise and
services is passed from banks which clear the transactions for merchants to
credit card-issuing banks. Interchange ranges from approximately 1% to 2% of the
transaction amount. Citibank (South Dakota) is required to transfer to the
master trust interchange attributed to cardholder charges for merchandise and
services in the accounts. In general, interchange is allocated to the master
trust on the basis of the ratio that the amount of cardholder charges for
merchandise and services in the accounts bears to the total amount of cardholder
charges for merchandise and services in the portfolio of credit card accounts
maintained by Citibank (South Dakota). MasterCard International and VISA may
change the amount of interchange reimbursed to banks issuing their credit cards.

The Credit Card Receivables

         The receivables in the credit card accounts as of March 31, 2003
(including those accounts added to the master trust by the March lump addition
but  excluding those accounts added to the  master  trust by the  April lump
addition and May lump  addition)  included  $1,043,255,048  of finance charge
receivables and $74,948,397,775 of principal  receivables -- which amounts
include overdue finance charge receivables and overdue principal receivables. As
of March 31, 2003, and including those accounts added to the master trust by the
March lump addition but excluding those accounts added to the master trust by
the April lump addition and May lump addition, there were 60,235,591  accounts.
Included  within the accounts are inactive accounts  that have no balance.  The
accounts had an average  principal receivable  balance of $1,244 and an average
credit limit of $7,300.  The average total receivable balance in the accounts as
a percentage of the average  credit limit with respect to the accounts was 17%.
Approximately 92% of the accounts were  opened  before  March  2001.  Of the
accounts,  approximately 12.94% related to cardholders with billing addresses in
California, 9.38% in New York, 6.37% in Texas, 6.07% in Florida, and 5.00% in
Pennsylvania.  Not more than 5% of the accounts related to cardholders  having
billing addresses in any other single state.

         The credit card accounts include receivables which, in accordance with
the servicer's normal servicing policies, were charged-off as uncollectible
before they were added to the master trust. However, for purposes of calculation
of the amount of principal receivables and finance charge receivables in the
master trust for any date, the balance of the charged-off receivables is zero
and the master trust owns only the right to receive recoveries on these
receivables.

                                       6
The following tables summarize the credit card accounts (including
those accounts added to the master trust by the March lump addition but
excluding those accounts added to the master trust by the April lump addition
and May lump addition) by various  criteria as of March 31, 2003.  References to
"Receivables Outstanding"  in these  tables  include both finance  charge
receivables  and principal  receivables.  Because the  composition of the
accounts will change in the  future,  these  tables  are  not  necessarily
indicative  of  the  future composition of the accounts.

         Credit balances presented in the following table are a result of
cardholder payments and credit adjustments applied in excess of a credit card
account's unpaid balance. Accounts which have a credit balance are included
because receivables may be generated in these accounts in the future. Credit
card accounts which have no balance are included because receivables may be
generated in these accounts in the future.

                   Composition of Accounts by Account Balance

                                           Percentage                 Percentage
                                            of Total                   of Total
                                Number of   Number of  Receivables   Receivables
        Account Balance         Accounts    Accounts   Outstanding   Outstanding
        ---------------         ---------   ---------  -----------   -----------

Credit Balance.................    496,904   0.82%     $(88,267,542)    -0.12%
No Balance..................... 38,604,767   64.09                0      0.00
Less than or equal to $500.00..  5,420,023    9.00      931,687,688      1.23
$500.01 to $1,000.00...........  2,091,460    3.47    1,539,594,596      2.02
$1,000.01 to $2,000.00.........  2,797,324    4.64    4,123,406,623      5.43
$2,000.01 to $3,000.00.........  2,096,934    3.48    5,213,248,323      6.86
$3,000.01 to $4,000.00.........  1,676,564    2.78    5,847,491,431      7.69
$4,000.01 to $5,000.00.........  1,458,567    2.42    6,565,139,327      8.64
$5,000.01 to $6,000.00.........  1,159,922    1.93    6,367,063,766      8.38
$6,000.01 to $7,000.00.........    942,885    1.57    6,117,087,278      8.05
$7,000.01 to $8,000.00.........    753,826    1.25    5,639,663,924      7.42
$8,000.01 to $9,000.00.........    584,738    0.97    4,960,567,319      6.53
$9,000.01 to $10,000.00........    466,550    0.77    4,424,923,743      5.83
Over $10,000.00................  1,685,127    2.80   24,350,046,348     32.04
                                 ---------    ----   --------------     -----

Total.......................... 60,235,591  100.00% $75,991,652,823    100.00%

                                       7
Composition of Accounts by Credit Limit

                                          Percentage                  Percentage
                                           of Total                    of Total
                               Number of   Number of  Receivables    Receivables
         Credit Limit          Accounts    Accounts   Outstanding    Outstanding
         ------------          ---------   --------   -----------    -----------

Less than or equal to $500.00.. 3,243,622     5.38%    $  44,166,464     0.06%
$500.01 to $1,000.00........... 2,531,867     4.20%      233,144,613     0.31%
$1,000.01 to $2,000.00......... 5,088,119     8.45%    1,116,007,904     1.47%
$2,000.01 to $3,000.00......... 4,585,603     7.61%    1,878,458,299     2.47%
$3,000.01 to $4,000.00......... 3,807,435     6.32%    2,275,450,305     2.99%
$4,000.01 to $5,000.00......... 6,126,534    10.17%    3,903,562,543     5.14%
$5,000.01 to $6,000.00......... 4,851,731     8.05%    3,782,443,975     4.98%
$6,000.01 to $7,000.00......... 4,405,503     7.31%    4,209,330,645     5.54%
$7,000.01 to $8,000.00......... 4,365,515     7.25%    4,594,235,365     6.05%
$8,000.01 to $9,000.00......... 3,564,880     5.92%    4,492,457,418     5.91%
$9,000.01 to $10,000.00........ 3,495,197     5.80%    4,649,278,487     6.12%
$10,000.01 to $15,000.00....... 8,905,907    14.80%   18,531,640,362    24.39%
Over $15,000.00................ 5,263,678     8.74%   26,281,476,443    34.57%
                                ---------     -----   --------------    ------
    Total..................... 60,235,591   100.00%   75,991,652,823   100.00%

         Accounts presented in the table below as "Current" include accounts on
which the minimum payment has not been received before the next billing date
following the issuance of the related bill.

                    Composition of Accounts by Payment Status

                                          Percentage                 Percentage
                                           of Total                   Of Total
                               Number of   Number of   Receivables   Receivables
      Payment Status            Accounts   Accounts   Outstanding    Outstanding
      --------------           ---------   --------   ------------   -----------

Current.....................  58,853,078   97.70%   $69,535,986,545     91.50%
Up to 34 days delinquent....     742,077    1.23      3,098,817,624     4.08
35 to 64 daysdelinquent.....     225,630    0.37      1,078,742,084     1.42
65 to 94 days delinquent....     142,667    0.24        756,815,440     1.00
95 to 124 days delinquent...     108,401    0.18        596,152,740     0.78
125 to 154 days delinquent..      88,140    0.15        491,557,421     0.65
155 to 184 days delinquent..      75,598    0.13        433,580,969     0.57
                                  ------    ----        -----------     ----

 Total......................  60,235,591  100.00%   $75,991,652,823    100.00%

                                       8
Composition of Accounts by Age

                                            Percentage                Percentage
                                             of Total                  of Total
                                Number of   Number of   Receivables  Receivables
         Age                    Accounts    Accounts    Outstanding  Outstanding
         ---                    ---------   --------    -----------  -----------

Less than or equal to 6 months..          0    0.00%          $0         0.00%
Over 6 months to 12 months......     75,688    0.13      137,175,502     0.18
Over 12 months to 24 months.....  4,782,474    7.94    7,338,081,298     9.66
Over 24 months to 36 months.....  5,596,862    9.29    9,321,924,375    12.27
Over 36 months to 48 months.....  4,546,078    7.54    6,320,951,661     8.31
Over 48 months.................. 45,234,489   75.10   52,873,519,987    69.58
                                 ----------   -----   --------------    -----
 Total.......................... 60,235,591  100.00% $75,991,652,823   100.00%

Billing and Payments

         The credit card accounts have different billing and payment structures,
including different periodic finance charges and fees. The following information
reflects the current billing and payment characteristics of the accounts.

         Each month, billing statements are sent to cardholders who had activity
during the immediately preceding billing period. To the extent a cardholder has
a balance due, the cardholder must make a minimum payment equal to the sum of

         (1)  the amount which is past due plus any amount which is in excess of
              the credit limit,

         (2)  if the account is a combined credit card and a separate AT&T
              calling card, the sum of all calling transactions posted to the
              account in the current billing period, and

         (3)  for most accounts, the new balance on the billing statement if it
              is less than $20, or $20, if the new balance is at least $20 and
              not greater than $960, or if the new balance exceeds $960, 1/48th
              of the new balance; for a small portion of the accounts, the
              greater of $15 and 2% of the balance due.

The required minimum payment, however, cannot be less than the finance charges
billed. For most accounts, if the minimum payment due equals the finance charges
billed or if any balance has a rate of more than 19.99% imposed on it, $5 will
be added to the minimum due.

         A periodic finance charge is imposed on the credit card accounts. The
periodic finance charge imposed on balances for purchases and cash advances for
a majority of the accounts is calculated by multiplying (1) the daily balances
for each day during the billing cycle by (2) the applicable daily periodic
finance charge rate, and summing the results for each day in the billing period.
The daily balance is calculated by taking the previous day's balance, adding any
new purchases or cash advances and fees, adding the daily finance charge on the
previous day's balance, and subtracting any payments or credits. Cash advances
are included in the daily balance from the date the advances are made. Purchases
are included in the daily balance generally from the date of purchase. Periodic
finance charges are not imposed in most circumstances on

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purchase amounts if all balances shown in the previous billing statement are
paid in full by the due date indicated on the statement.

         No finance charge is imposed on calling card transactions in the
billing cycle in which the transactions are posted to the account. The
receivables represented by these charges are not part of the master trust's
assets. However, any charge for calling card transactions that is not paid by
the payment due date on the monthly statement in which it is billed is added to
the daily balance of purchases on the first day of the next billing cycle. These
unpaid calling card transactions, and any finance charges on these unpaid
transactions, then become receivables that are part of the master trust's
assets.

         The periodic finance charge imposed on balances in most credit card
accounts for purchases is currently the Prime Rate, as published in The Wall
Street Journal, plus a percentage ranging from 5.40% to 11.99%. As of the most
recent monthly reset date, the periodic finance charge on balances in most
accounts for purchases ranged from 10.15% to 16.74%. The periodic finance charge
imposed on balances in most credit card accounts for cash advances is currently
the greater of 19.99% and the sum of the Prime Rate and 14.99%. If a cardholder
defaults under their credit card agreement, the periodic finance charge assessed
on all balances in their account can be increased to the Prime Rate plus up to
23.99%. Promotional rates of limited duration are offered from time to time to
attract new cardholders and to promote balance transfers from other credit card
issuers and the periodic finance charge on a limited number of accounts may be
greater or less than those generally assessed on the accounts.

         The periodic finance charge on accounts may be changed at any time by
providing prior written notice to cardholders. Any increase in the finance
charge will become effective upon the earlier of subsequent use of a card and
the expiration of a 25-day period from the date the change was made effective --
assuming failure on the part of the cardholder to object to the new rate.

         Most of the accounts are subject to additional fees, including:

         o        a late fee if the cardholder does not make the required
                  minimum payment by the payment date shown on the monthly
                  billing statement, which fee is assessed monthly until the
                  account is less than 30 days past due. The late fee is $15 on
                  balances up to $100, $25 on balances of $100 up to $1,000 and
                  $35 on balances of $1,000 and over;

         o        a cash advance fee which is generally equal to 3.0% of the
                  amount of the cash advance, subject to a minimum fee of $5;

         o        a balance transfer fee of 3.0% of the amount transferred to
                  the account, subject to a minimum fee of $5 and a maximum fee
                  of $50;
         o        a returned payment fee of $29;

         o        a returned check fee of $29;

         o        a stop payment fee of $29; and

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o        a fee of $35 for each billing period with respect to each
                  account with an outstanding balance over the credit limit
                  established for that account.

There can be no assurance that periodic finance charges, fees and other charges
will remain at current levels in the future.

         Payments by cardholders on the accounts are processed and applied first
to all minimum amounts due. Payments in excess of the minimum amount due are
applied to balances associated with low periodic rates before balances
associated with higher periodic rates.

Lump Additions

         Citibank (South Dakota), National Association and Citibank (Nevada),
National Association together transferred $2,768,976,262 of credit card
receivables to Citibank Credit Card Master Trust I in a lump addition on March
29, 2003. The receivables consisted of $2,733,277,210 of principal receivables
and $35,699,052 of finance charge receivables.

         Citibank (South Dakota), National Association transferred
$2,793,161,738 of credit card receivables to Citibank Credit Card Master Trust I
in a lump addition on April 26, 2003. The receivables consisted of
$2,765,035,614 of principal receivables and $28,126,124 of finance charge
receivables.

         Citibank (South Dakota), National Association transferred
$2,265,152,010 of credit card receivables to Citibank Credit Card Master Trust I
in a lump addition on May 24, 2003.  The receivables consisted of $2,234,096,925
of principal receivables and $31,055,085 of finance charge receivables.

                                       11
GLOSSARY OF TERMS

"accounts" means the portfolio of revolving credit card accounts established and
supplemented in accordance with the pooling and servicing agreement.

"additional accounts" consist of newly originated eligible accounts to be
included as accounts and accounts relating to any lump sum additions.

"Banks" means Citibank (South Dakota), National Association, a national banking
association, and Citibank (Nevada), National Association, a national banking
association.

"eligible accounts" An "eligible account" is defined to mean a revolving credit
card account owned by Citibank (South Dakota), any additional seller or any
other affiliate thereof which, as of the master trust cut-off date with respect
to an initial account or as of the additional cut-off date with respect to an
additional account: (a) is in existence and maintained by Citibank (South
Dakota), the additional seller or the other affiliate; (b) is payable in United
States dollars; (c) in the case of the initial accounts, has a cardholder who
has provided, as his most recent billing address, an address located in the
United States or its territories or possessions or a military address; (d) has a
cardholder who has not been identified by Citibank (South Dakota), the
additional seller or the other affiliate in its computer files as being involved
in a voluntary or involuntary bankruptcy proceeding; (e) has not been identified
as an account with respect to which the related card has been lost or stolen;
(f) has not been sold or pledged to any other party except for any sale to any
seller, additional seller or other affiliate; (g) does not have receivables
which have been sold or pledged to any other party other than any sale to any
seller, additional seller or other affiliate; and (h) in the case of the initial
accounts, is a VISA or MasterCard revolving credit card account.

"finance charge receivables" consist of all periodic finance charges, annual
membership fees, cash advance fees and late charges on amounts charged for
merchandise and services and some other fees designated by the Banks. In
addition, some interchange attributed to cardholder charges for merchandise and
services in the accounts will be treated as finance charge receivables.

"interchange" means interchange fees payable to Citibank (South Dakota) or any
additional seller or other affiliate which has designated accounts to the master
trust, in its capacity as credit card issuer, through VISA, Mastercard or any
other similar entity or organization with respect to any other type of revolving
credit card accounts included as accounts (except as otherwise provided in the
initial assignment with respect to any such other type of accounts), in
connection with cardholder charges for goods and services.

"lump sum addition" means the designation of additional eligible accounts to be
included as accounts pursuant to Section 2.09(a) or (b) of the pooling and
servicing agreement.

"master trust" means Citibank Credit Card Master Trust I.

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"pooling and servicing agreement" means the Amended and Restated Pooling and
Servicing Agreement dated as of October 5, 2001, among the Banks and Deutsche
Bank Trust Company Americas (formerly Bankers Trust Company), as trustee,
including all amendments thereto.

"principal receivables" consist of all amounts charged by cardholders for
merchandise and services, amounts advanced to cardholders as cash advances and
some fees billed to cardholders on the accounts.

"receivables" means all amounts shown on the servicer's records as amounts
payable by the person or persons obligated to make payments with respect to the
accounts.

"Receivables Outstanding" as defined on page 7.

                                       13
SIGNATURES
                                   ----------

               Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                   CITIBANK (SOUTH DAKOTA),
                                   NATIONAL ASSOCIATION,
                                   as Servicer
                                   (Registrant)

                                   By: /s/Douglas C. Morrison
                                       ----------------------
                                          Douglas C. Morrison
                                          Vice President

Dated: June 5, 2003

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