U.S. 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: April 29, 2003
                        ---------------------------------
                        (Date of earliest event reported)


                       CITICORP MORTGAGE SECURITIES, INC.
                             (Packager and Servicer)
    (Issuer in Respect of the REMIC Pass-Through Certificates, Series 2003-5)
    -------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)


   Delaware                     333-72082                     13-3408717
 ----------------------------------------------------------------------------
  (State or other juris-       (Commission                 (I.R.S. Employer
 diction of organization)       File Nos.)                Identification No.)


12855 North Outer Forty Drive, St. Louis, Missouri            63141
--------------------------------------------------          ----------
   (Address of principal executive offices)                 (Zip Code)


Registrant's Telephone Number, including area code: (314) 851-6305

--------------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since last
report.)


<PAGE>


Item 2.   Acquisition or Disposition of Assets.


                       CITICORP MORTGAGE SECURITIES, INC.
                 REMIC Pass-Through Certificates, Series 2003-5
                 -----------------------------------------------

                                April 29, 2003

                 DETAILED DESCRIPTION OF THE MORTGAGE LOAN POOL
                 ----------------------------------------------
                         AND THE MORTGAGED PROPERTIES(1)
                         -------------------------------

     On April 29, 2003, Citicorp Mortgage Securities,  Inc. ("CMSI") transferred
to the Trustee  mortgage  loans with an aggregate  scheduled  principal  balance
outstanding (after deducting  principal payments due on or before April 1, 2003)
as of April 1, 2003 of  $368,755,950.77.  The mortgage  loans that have original
maturities  of at  least 20 years  but not more  than 30 years  and that are not
relocation  loans,  the "pool I mortgage  loans",  have an  aggregate  scheduled
principal  balance  outstanding  (after deducting  principal  payments due on or
before April 1, 2003) as of April 1, 2003 of $174,176,277.73. The mortgage loans
that have  original  maturities of at least 10 years but not more than 15 years,
the "pool II mortgage  loans",  have an aggregate  scheduled  principal  balance
outstanding (after deducting  principal payments due on or before April 1, 2003)
as of April 1, 2003 of  $123,011,516.57.  The mortgage  loans that have original
maturities  of at  least  20  years  but not  more  than 30  years  and that are
relocation  loans,  the "pool III mortgage loans",  have an aggregate  scheduled
principal  balance  outstanding  (after deducting  principal  payments due on or
before April 1, 2003) as of April 1, 2003 of $71,568,156.47.  The mortgage loans
were delivered in exchange for the  certificates,  authenticated by the Trustee,
evidencing  100% of the regular  interests  in the Trust.  Distributions  on the
certificates will be made by U.S. Bank National  Association as paying agent, by
wire  transfer  or by such other means as the person  entitled  thereto and CMSI
shall agree.  CMSI may repurchase  all mortgage loans  remaining in the mortgage
loan pool  pursuant to the pooling  agreement if at the time of  repurchase  the
aggregate scheduled principal balance of such mortgage loans is equal to or less
than  $36,875,595.07.  Information  below is provided with respect to the pool I
mortgage loans,  the pool II mortgage loans,  the pool III mortgage loans and/or
all mortgage loans included in the mortgage loan pool as indicated.

     The total number of all mortgage loans as of April 1, 2003 was 791,
consisting of 377 pool I mortgage loans, 255 pool II mortgage loans and 159 pool
III mortgage loans. The weighted average interest rates on the pool I mortgage
loans, the pool II mortgage loans, the pool III mortgage loans and all mortgage
loans (in each case, before deduction of the servicing fee) as of November 1,
2002 were 6.223%, 5.766%, 5.742% and 5.977%, respectively. The weighted average
remaining terms to stated maturity of the pool I mortgage loans, the pool II
mortgage loans, the pool III mortgage loans and all mortgage loans as of April
1, 2003 were 357.83 months, 177.45 months, 357.35 months and 297.56 months,
respectively. All mortgage loans have original maturities of at least 10 but no
more than 30 years. None of the pool I mortgage loans, the pool II mortgage
loans and the pool III mortgage loans were originated prior to March 1, 2002,
April 1, 2002, and June 1, 2002, respectively, or after April 1, 2003,
respectively. The weighted average original terms to stated maturity of the pool
I mortgage loans, the pool II mortgage loans, the pool III mortgage loans and
all mortgage loans as of April 1, 2003 were 359.32 months, 178.78 months, 360.00
months and 299.23 months, respectively.

     None of the pool I mortgage loans or the pool III mortgage loans have
scheduled maturities later than April 1, 2033. None of the pool II mortgage
loans have scheduled maturities later than April 1, 2018. Each of the pool I
mortgage loans, the pool II mortgage loans and the pool III mortgage loans had
an original principal balance of not less than $26,000, $40,625 and $324,000,
respectively, nor more than $1,000,000. Pool I mortgage loans, pool II mortgage
loans and pool III mortgage loans having aggregate scheduled principal balances
of $3,461,561, $374,679 and $2,250,680, respectively, as of April 1, 2003, had
loan-to-value ratios at origination in excess of 80%, but no pool I mortgage
loans, pool II mortgage loans or pool III mortgage loans had loan-to-value
ratios in excess of 95%. The weighted average loan-to-value ratios at
origination of the pool I mortgage loans, the pool II mortgage loans, the pool
III mortgage loans and all mortgage loans as of April 1, 2003 were 63.9%, 53.9%,
74.9% and 62.7%, respectively. No more than $2,742,799, $2,525,793, $1,665,422
and $4,607,573, respectively, of the pool I mortgage loans, the pool II mortgage
loans, the pool III mortgage loans and all mortgage loans are secured by
Mortgaged Properties located in any one zip code. At least 97%(2), 94%, 100% and
97%, respectively, of the pool I mortgage loans, the pool II mortgage loans, the
pool III mortgage loans and all mortgage loans are secured by mortgaged
properties determined by CitiMortgage, Inc. to be the primary residence of the
borrower ("homeowner"). The sole basis for such determination is either (a) a
representation by the homeowner at origination of the mortgage loan that the

--------

1    Terms used herein and not otherwise defined have the meaning assigned
     thereto in the Prospectus dated April 25, 2003 (consisting of a
     prospectus supplement and a core prospectus), relating to the REMIC
     Pass-Through Certificates, Series 2003-5.

2    Such percentages are expressed as a percentage of the aggregate scheduled
     principal balance of the pool I mortgage loans having such characteristics
     relative to the aggregate scheduled principal balance of all the pool I
     mortgage loans, as a percentage of the aggregate scheduled principal
     balance of the pool II mortgage loans having such characteristics relative
     to the aggregate scheduled principal balance of all the pool II mortgage
     loans, as a percentage of the aggregate scheduled principal balance of the
     pool III mortgage loans having such characteristics relative to the
     aggregate scheduled principal balance of all the pool III mortgage loans,
     or as a percentage of the aggregate scheduled principal balance of all
     mortgage loans having such characteristics relative to the aggregate
     scheduled principal balance of all mortgage loans.


<PAGE>


underlying property will be used for a period of at least 6 months every year or
that he intends to use the underlying property as his or her primary residence,
or (b) that the address of the underlying property is the homeowner's mailing
address as reflected in the originator's records. No more than 1% of the pool I
mortgage loans and none of the pool II mortgage loans or the pool III mortgage
loans are secured by investment properties.

     At least 96%, 97%, 14% and 80%, respectively, of the pool I mortgage loans,
the pool II mortgage loans, the pool III mortgage loans and all mortgage loans
will be mortgage loans originated using loan underwriting policies which
require, among other things, proof of income and liquid assets and telephone
verification of employment, or are refinanced mortgage loans originated using
alternative or streamlined underwriting policies. No more than 4%, 3%, 86% and
20%, respectively, of the pool I mortgage loans, the pool II mortgage loans, the
pool III mortgage loans and all mortgage loans will be mortgage loans originated
using a loan underwriting policy, which among other things, requires
verification of employment and may require proof of liquid assets, but does not
require verification of income as stated on the loan application. No more than
77%, 87%, 1% and 66%, respectively, of the pool I mortgage loans, the pool II
mortgage loans, the pool III mortgage loans and all mortgage loans will be
refinanced mortgage loans originated using alternative or streamlined
underwriting policies. See "Mortgage loan underwriting" in the Prospectus.

     All of the mortgage loans which had loan-to-value ratios greater than 80%
at origination had primary mortgage insurance as of such date. In the case of
the pool I mortgage loans for which additional collateral was pledged, taken as
a group:

     1.   the number of such pool I mortgage loans is 4;

     2.   such pool I mortgage loans have an aggregate scheduled principal
          balance of $1,088,457;

     3.   the weighted average loan-to-value ratio of such pool I mortgage
          loans, taking into account the loanable value of the pledged
          additional collateral, is 79.0%; and

     4.   the weighted average loan-to-value ratio of such pool I mortgage
          loans, without taking into account the loanable value of the pledged
          additional collateral, is 97.9%.

     Pool I premium loans will consist of pool I mortgage loans with net loan
rates greater than or equal to 5.500%. Pool I discount loans will consist of
pool I mortgage loans with net loan rates less than 5.500%. The aggregate
scheduled principal balances outstanding as of the cut-off date of the pool I
premium loans and the pool I discount loans were $173,177,425 and $998,853,
respectively. The weighted average interest rates of the pool I premium loans
and the pool I discount loans, as of the cut-off date, were 6.229% and 5.250%,
respectively. The weighted average remaining terms to stated maturity of the
pool I premium loans and the pool I discount loans, as of the cut-off date, were
357.82 months and 359.00 months, respectively.

     Pool II premium loans will consist of pool II mortgage loans with net loan
rates greater than or equal to 5.000%. Pool II discount loans will consist of
pool II mortgage loans with net loan rates less than 5.000%. The aggregate
scheduled principal balances outstanding as of the cut-off date of the pool II
premium loans and the pool II discount loans were $122,433,664 and $577,853,
respectively. The weighted average interest rates of the pool II premium loans
and the pool II discount loans, as of the cut-off date, were 5.769% and 5.125%,
respectively. The weighted average remaining terms to stated maturity of the
pool II premium loans and the pool II discount loans, as of the cut-off date,
were 177.44 months and 179.00 months, respectively.

     Pool III premium loans will consist of pool III mortgage loans with net
loan rates greater than or equal to 5.500%. Pool III discount loans will consist
of pool III mortgage loans with net loan rates less than 5.500%. The aggregate
scheduled principal balances outstanding as of the cut-off date of the pool III
premium loans and the pool III discount loans were $37,665,662 and $33,902,494,
respectively. The weighted average interest rates of the pool III premium loans
and the pool III discount loans, as of the cut-off date, were 5.908% and 5.557%,
respectively. The weighted average remaining terms to stated maturity of the
pool III premium loans and the pool III discount loans, as of the cut-off date,
were 356.78 months and 357.99 months, respectively.


<PAGE>


     The special hazard loss limit as of April 1, 2003 was $3,916,861.56.

     The fraud loss limit as of April 1, 2003 was $3,687,559.51.

     The bankruptcy loss limit as of April 1, 2003 was $100,000.00.

     The aggregate initial principal balance of the class A certificates as of
April 1, 2003 was $360,826,899.00.

     The aggregate initial principal balance of the class B-1 certificates as of
April 1, 2003 was $3,872,000.00.

     The aggregate initial principal balance of the class B-2 certificates as of
April 1, 2003 was $1,475,000.00.

     The aggregate initial principal balance of the class B-3 certificates as of
April 1, 2003 was $1,106,000.00.

     The aggregate initial principal balance of the class B-4 certificates as of
April 1, 2003 was $553,000.00.

     The aggregate initial principal balance of the class B-5 certificates as of
April 1, 2003 was $369,000.00.

     The aggregate initial principal balance of the class B-6 certificates as of
April 1, 2003 was $554,051.77.

     The class A subordination level is 2.150216627947%.*

     The class B-1 subordination level is 1.100199674481%.*

     The class B-2 subordination level is 0.700206129449%.*

     The class B-3 subordination level is 0.400278766191%.*

     The class B-4 subordination level is 0.250315084562%.*

     The class B-5 subordination level is 0.150248902788%.*


--------

*     Equal to the initial principal balance thereof divided by the aggregate
      scheduled principal balance of all mortgage loans.


<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 thereunto duly authorized.

                                            CITICORP MORTGAGE SECURITIES, INC.
                                            (Registrant)

                                            By: /s/ Howard Darmstadter
                                               -------------------------
                                                    Howard Darmstadter
                                                    Assistant Secretary


Dated: April 29, 2003
[{"type": "8-K", "sequence": "1", "filename": "detailed8k2003-5.txt", "description": "CMSI 2003-5 DETAILED DESCRIPTION", "secsgml_size_bytes": 15337}]
{"company-data": {"conformed-name": "CITICORP MORTGAGE SECURITIES INC", "cik": "0000811785", "assigned-sic": "6189", "irs-number": "133408713", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-16107", "film-number": "03668233"}, "business-address": {"street1": "12855 NORTH OUTER FORTY DR", "city": "ST LOUIS", "state": "MO", "zip": "63141", "phone": "3148516305"}, "mail-address": {"street1": "CITIGROUP INC CORPORATE LAW DEPT", "street2": "425 PARK AVENUE 2ND FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10043"}}
U.S. 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: April 29, 2003
                        ---------------------------------
                        (Date of earliest event reported)

                       CITICORP MORTGAGE SECURITIES, INC.
                             (Packager and Servicer)
    (Issuer in Respect of the REMIC Pass-Through Certificates, Series 2003-5)
    -------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)

   Delaware                     333-72082                     13-3408717
 ----------------------------------------------------------------------------
  (State or other juris-       (Commission                 (I.R.S. Employer
 diction of organization)       File Nos.)                Identification No.)

12855 North Outer Forty Drive, St. Louis, Missouri            63141
--------------------------------------------------          ----------
   (Address of principal executive offices)                 (Zip Code)

Registrant's Telephone Number, including area code: (314) 851-6305

--------------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since last
report.)
Item 2.   Acquisition or Disposition of Assets.

                       CITICORP MORTGAGE SECURITIES, INC.
                 REMIC Pass-Through Certificates, Series 2003-5
                 -----------------------------------------------

                                April 29, 2003

                 DETAILED DESCRIPTION OF THE MORTGAGE LOAN POOL
                 ----------------------------------------------
                         AND THE MORTGAGED PROPERTIES(1)
                         -------------------------------

     On April 29, 2003, Citicorp Mortgage Securities,  Inc. ("CMSI") transferred
to the Trustee  mortgage  loans with an aggregate  scheduled  principal  balance
outstanding (after deducting  principal payments due on or before April 1, 2003)
as of April 1, 2003 of  $368,755,950.77.  The mortgage  loans that have original
maturities  of at  least 20 years  but not more  than 30 years  and that are not
relocation  loans,  the "pool I mortgage  loans",  have an  aggregate  scheduled
principal  balance  outstanding  (after deducting  principal  payments due on or
before April 1, 2003) as of April 1, 2003 of $174,176,277.73. The mortgage loans
that have  original  maturities of at least 10 years but not more than 15 years,
the "pool II mortgage  loans",  have an aggregate  scheduled  principal  balance
outstanding (after deducting  principal payments due on or before April 1, 2003)
as of April 1, 2003 of  $123,011,516.57.  The mortgage  loans that have original
maturities  of at  least  20  years  but not  more  than 30  years  and that are
relocation  loans,  the "pool III mortgage loans",  have an aggregate  scheduled
principal  balance  outstanding  (after deducting  principal  payments due on or
before April 1, 2003) as of April 1, 2003 of $71,568,156.47.  The mortgage loans
were delivered in exchange for the  certificates,  authenticated by the Trustee,
evidencing  100% of the regular  interests  in the Trust.  Distributions  on the
certificates will be made by U.S. Bank National  Association as paying agent, by
wire  transfer  or by such other means as the person  entitled  thereto and CMSI
shall agree.  CMSI may repurchase  all mortgage loans  remaining in the mortgage
loan pool  pursuant to the pooling  agreement if at the time of  repurchase  the
aggregate scheduled principal balance of such mortgage loans is equal to or less
than  $36,875,595.07.  Information  below is provided with respect to the pool I
mortgage loans,  the pool II mortgage loans,  the pool III mortgage loans and/or
all mortgage loans included in the mortgage loan pool as indicated.

     The total number of all mortgage loans as of April 1, 2003 was 791,
consisting of 377 pool I mortgage loans, 255 pool II mortgage loans and 159 pool
III mortgage loans. The weighted average interest rates on the pool I mortgage
loans, the pool II mortgage loans, the pool III mortgage loans and all mortgage
loans (in each case, before deduction of the servicing fee) as of November 1,
2002 were 6.223%, 5.766%, 5.742% and 5.977%, respectively. The weighted average
remaining terms to stated maturity of the pool I mortgage loans, the pool II
mortgage loans, the pool III mortgage loans and all mortgage loans as of April
1, 2003 were 357.83 months, 177.45 months, 357.35 months and 297.56 months,
respectively. All mortgage loans have original maturities of at least 10 but no
more than 30 years. None of the pool I mortgage loans, the pool II mortgage
loans and the pool III mortgage loans were originated prior to March 1, 2002,
April 1, 2002, and June 1, 2002, respectively, or after April 1, 2003,
respectively. The weighted average original terms to stated maturity of the pool
I mortgage loans, the pool II mortgage loans, the pool III mortgage loans and
all mortgage loans as of April 1, 2003 were 359.32 months, 178.78 months, 360.00
months and 299.23 months, respectively.

     None of the pool I mortgage loans or the pool III mortgage loans have
scheduled maturities later than April 1, 2033. None of the pool II mortgage
loans have scheduled maturities later than April 1, 2018. Each of the pool I
mortgage loans, the pool II mortgage loans and the pool III mortgage loans had
an original principal balance of not less than $26,000, $40,625 and $324,000,
respectively, nor more than $1,000,000. Pool I mortgage loans, pool II mortgage
loans and pool III mortgage loans having aggregate scheduled principal balances
of $3,461,561, $374,679 and $2,250,680, respectively, as of April 1, 2003, had
loan-to-value ratios at origination in excess of 80%, but no pool I mortgage
loans, pool II mortgage loans or pool III mortgage loans had loan-to-value
ratios in excess of 95%. The weighted average loan-to-value ratios at
origination of the pool I mortgage loans, the pool II mortgage loans, the pool
III mortgage loans and all mortgage loans as of April 1, 2003 were 63.9%, 53.9%,
74.9% and 62.7%, respectively. No more than $2,742,799, $2,525,793, $1,665,422
and $4,607,573, respectively, of the pool I mortgage loans, the pool II mortgage
loans, the pool III mortgage loans and all mortgage loans are secured by
Mortgaged Properties located in any one zip code. At least 97%(2), 94%, 100% and
97%, respectively, of the pool I mortgage loans, the pool II mortgage loans, the
pool III mortgage loans and all mortgage loans are secured by mortgaged
properties determined by CitiMortgage, Inc. to be the primary residence of the
borrower ("homeowner"). The sole basis for such determination is either (a) a
representation by the homeowner at origination of the mortgage loan that the

--------

1    Terms used herein and not otherwise defined have the meaning assigned
     thereto in the Prospectus dated April 25, 2003 (consisting of a
     prospectus supplement and a core prospectus), relating to the REMIC
     Pass-Through Certificates, Series 2003-5.

2    Such percentages are expressed as a percentage of the aggregate scheduled
     principal balance of the pool I mortgage loans having such characteristics
     relative to the aggregate scheduled principal balance of all the pool I
     mortgage loans, as a percentage of the aggregate scheduled principal
     balance of the pool II mortgage loans having such characteristics relative
     to the aggregate scheduled principal balance of all the pool II mortgage
     loans, as a percentage of the aggregate scheduled principal balance of the
     pool III mortgage loans having such characteristics relative to the
     aggregate scheduled principal balance of all the pool III mortgage loans,
     or as a percentage of the aggregate scheduled principal balance of all
     mortgage loans having such characteristics relative to the aggregate
     scheduled principal balance of all mortgage loans.
underlying property will be used for a period of at least 6 months every year or
that he intends to use the underlying property as his or her primary residence,
or (b) that the address of the underlying property is the homeowner's mailing
address as reflected in the originator's records. No more than 1% of the pool I
mortgage loans and none of the pool II mortgage loans or the pool III mortgage
loans are secured by investment properties.

     At least 96%, 97%, 14% and 80%, respectively, of the pool I mortgage loans,
the pool II mortgage loans, the pool III mortgage loans and all mortgage loans
will be mortgage loans originated using loan underwriting policies which
require, among other things, proof of income and liquid assets and telephone
verification of employment, or are refinanced mortgage loans originated using
alternative or streamlined underwriting policies. No more than 4%, 3%, 86% and
20%, respectively, of the pool I mortgage loans, the pool II mortgage loans, the
pool III mortgage loans and all mortgage loans will be mortgage loans originated
using a loan underwriting policy, which among other things, requires
verification of employment and may require proof of liquid assets, but does not
require verification of income as stated on the loan application. No more than
77%, 87%, 1% and 66%, respectively, of the pool I mortgage loans, the pool II
mortgage loans, the pool III mortgage loans and all mortgage loans will be
refinanced mortgage loans originated using alternative or streamlined
underwriting policies. See "Mortgage loan underwriting" in the Prospectus.

     All of the mortgage loans which had loan-to-value ratios greater than 80%
at origination had primary mortgage insurance as of such date. In the case of
the pool I mortgage loans for which additional collateral was pledged, taken as
a group:

     1.   the number of such pool I mortgage loans is 4;

     2.   such pool I mortgage loans have an aggregate scheduled principal
          balance of $1,088,457;

     3.   the weighted average loan-to-value ratio of such pool I mortgage
          loans, taking into account the loanable value of the pledged
          additional collateral, is 79.0%; and

     4.   the weighted average loan-to-value ratio of such pool I mortgage
          loans, without taking into account the loanable value of the pledged
          additional collateral, is 97.9%.

     Pool I premium loans will consist of pool I mortgage loans with net loan
rates greater than or equal to 5.500%. Pool I discount loans will consist of
pool I mortgage loans with net loan rates less than 5.500%. The aggregate
scheduled principal balances outstanding as of the cut-off date of the pool I
premium loans and the pool I discount loans were $173,177,425 and $998,853,
respectively. The weighted average interest rates of the pool I premium loans
and the pool I discount loans, as of the cut-off date, were 6.229% and 5.250%,
respectively. The weighted average remaining terms to stated maturity of the
pool I premium loans and the pool I discount loans, as of the cut-off date, were
357.82 months and 359.00 months, respectively.

     Pool II premium loans will consist of pool II mortgage loans with net loan
rates greater than or equal to 5.000%. Pool II discount loans will consist of
pool II mortgage loans with net loan rates less than 5.000%. The aggregate
scheduled principal balances outstanding as of the cut-off date of the pool II
premium loans and the pool II discount loans were $122,433,664 and $577,853,
respectively. The weighted average interest rates of the pool II premium loans
and the pool II discount loans, as of the cut-off date, were 5.769% and 5.125%,
respectively. The weighted average remaining terms to stated maturity of the
pool II premium loans and the pool II discount loans, as of the cut-off date,
were 177.44 months and 179.00 months, respectively.

     Pool III premium loans will consist of pool III mortgage loans with net
loan rates greater than or equal to 5.500%. Pool III discount loans will consist
of pool III mortgage loans with net loan rates less than 5.500%. The aggregate
scheduled principal balances outstanding as of the cut-off date of the pool III
premium loans and the pool III discount loans were $37,665,662 and $33,902,494,
respectively. The weighted average interest rates of the pool III premium loans
and the pool III discount loans, as of the cut-off date, were 5.908% and 5.557%,
respectively. The weighted average remaining terms to stated maturity of the
pool III premium loans and the pool III discount loans, as of the cut-off date,
were 356.78 months and 357.99 months, respectively.
The special hazard loss limit as of April 1, 2003 was $3,916,861.56.

     The fraud loss limit as of April 1, 2003 was $3,687,559.51.

     The bankruptcy loss limit as of April 1, 2003 was $100,000.00.

     The aggregate initial principal balance of the class A certificates as of
April 1, 2003 was $360,826,899.00.

     The aggregate initial principal balance of the class B-1 certificates as of
April 1, 2003 was $3,872,000.00.

     The aggregate initial principal balance of the class B-2 certificates as of
April 1, 2003 was $1,475,000.00.

     The aggregate initial principal balance of the class B-3 certificates as of
April 1, 2003 was $1,106,000.00.

     The aggregate initial principal balance of the class B-4 certificates as of
April 1, 2003 was $553,000.00.

     The aggregate initial principal balance of the class B-5 certificates as of
April 1, 2003 was $369,000.00.

     The aggregate initial principal balance of the class B-6 certificates as of
April 1, 2003 was $554,051.77.

     The class A subordination level is 2.150216627947%.*

     The class B-1 subordination level is 1.100199674481%.*

     The class B-2 subordination level is 0.700206129449%.*

     The class B-3 subordination level is 0.400278766191%.*

     The class B-4 subordination level is 0.250315084562%.*

     The class B-5 subordination level is 0.150248902788%.*

--------

*     Equal to the initial principal balance thereof divided by the aggregate
      scheduled principal balance of all mortgage loans.
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 thereunto duly authorized.

                                            CITICORP MORTGAGE SECURITIES, INC.
                                            (Registrant)

                                            By: /s/ Howard Darmstadter
                                               -------------------------
                                                    Howard Darmstadter
                                                    Assistant Secretary

Dated: April 29, 2003