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: May 27, 2004
                        ---------------------------------
                        (Date of earliest event reported)


                                 Citigroup Inc.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


      Delaware                    1-9924                         52-1568099
    --------------              -----------                  ------------------
    (State or other             (Commission                  (IRS Employer
    jurisdiction of             File Number)                 Identification No.)
    incorporation)


                399 Park Avenue, New York, New York       10043
              ----------------------------------------------------
              (Address of principal executive offices)  (Zip Code)


                                 (212) 559-1000
              ----------------------------------------------------
              (Registrant's telephone number, including area code)


<PAGE>

                                 CITIGROUP INC.
                           Current Report on Form 8-K

Item 5. Other Events
        ------------

On May 27, 2004, Citigroup Inc. announced that it has reached agreement to sell
its 20 percent stake in Samba Financial Group.

A related press release was issued by Citigroup Inc. on May 27, 2004, a copy of
which is being filed as Exhibit 99.1 to this Form 8-K and which is incorporated
herein by reference in its entirety.



Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.
         -------------------------------------------------------------------


(c)      Exhibits

         Exhibit Number
         --------------

             99.1    Press Release, dated May 27, 2004, issued by Citigroup Inc.






                                       2


<PAGE>

                                    SIGNATURE


     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.




Dated: May 27, 2004                 CITIGROUP INC.


                                    By: /s/  Michael S. Helfer
                                       -------------------------
                                    Name:    Michael S. Helfer
                                    Title:   General Counsel and
                                             Corporate Secretary








                                       3


<PAGE>


                                  EXHIBIT INDEX


Exhibit No.
-----------

   99.1         Press Release, dated May 27, 2004, issued by Citigroup Inc.










                                       4
[{"type": "8-K", "sequence": "1", "filename": "citigroup8k052704-1.txt", "description": "CITIGROUP INC. FORM 8-K", "secsgml_size_bytes": 3105}]
{"company-data": {"conformed-name": "CITIGROUP INC", "cik": "0000831001", "assigned-sic": "6021", "irs-number": "521568099", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09924", "film-number": "04833628"}, "business-address": {"street1": "399 PARK AVENUE", "city": "NEW YORK", "state": "NY", "zip": "10043", "phone": "2125591000"}, "mail-address": {"street1": "399 PARK AVENUE", "city": "NEW YORK", "state": "NY", "zip": "10043"}, "former-company": [{"former-conformed-name": "TRAVELERS GROUP INC", "date-changed": "19950519"}, {"former-conformed-name": "TRAVELERS INC", "date-changed": "19940103"}, {"former-conformed-name": "PRIMERICA CORP /NEW/", "date-changed": "19920703"}]}
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: May 27, 2004
                        ---------------------------------
                        (Date of earliest event reported)

                                 Citigroup Inc.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

      Delaware                    1-9924                         52-1568099
    --------------              -----------                  ------------------
    (State or other             (Commission                  (IRS Employer
    jurisdiction of             File Number)                 Identification No.)
    incorporation)

                399 Park Avenue, New York, New York       10043
              ----------------------------------------------------
              (Address of principal executive offices)  (Zip Code)

                                 (212) 559-1000
              ----------------------------------------------------
              (Registrant's telephone number, including area code)
CITIGROUP INC.
                           Current Report on Form 8-K

Item 5. Other Events
        ------------

On May 27, 2004, Citigroup Inc. announced that it has reached agreement to sell
its 20 percent stake in Samba Financial Group.

A related press release was issued by Citigroup Inc. on May 27, 2004, a copy of
which is being filed as Exhibit 99.1 to this Form 8-K and which is incorporated
herein by reference in its entirety.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.
         -------------------------------------------------------------------

(c)      Exhibits

         Exhibit Number
         --------------

             99.1    Press Release, dated May 27, 2004, issued by Citigroup Inc.

                                       2
SIGNATURE

     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.

Dated: May 27, 2004                 CITIGROUP INC.

                                    By: /s/  Michael S. Helfer
                                       -------------------------
                                    Name:    Michael S. Helfer
                                    Title:   General Counsel and
                                             Corporate Secretary

                                       3
EXHIBIT INDEX

Exhibit No.
-----------

   99.1         Press Release, dated May 27, 2004, issued by Citigroup Inc.

                                       4