UNITED STATES
                       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): November 9, 2004

                  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
       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 1996-6
   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
       6.05% Class A Credit Card Participation Certificates, Series 1998-2
       6.20% Class B Credit Card Participation Certificates, Series 1998-2
      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)



                                                       [Cover page 1 of 2 pages]


<PAGE>

      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

  (Former name or former address, if changed since last report): Not Applicable

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))



                                                       [Cover page 2 of 2 pages]


<PAGE>

Item 8.01     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. 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 nine months ended September
27, 2004 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)

                              Nine Months
                                 Ended              Year Ended December 31,
                           September 27, 2004   2003        2002        2001

Average Principal
  Receivables Outstanding ... $76,393,181  $75,707,275  $64,285,548  $55,438,042

Net Losses ................... $3,523,310   $4,746,884   $3,588,849   $2,496,412

Net Losses as a Percentage
  of Average Principal
  Receivables Outstanding ....     6.12%       6.27%        5.58%       4.50%


     Net losses as a percentage of gross charge-offs for the nine months ended
September 27, 2004 were 90.75% and for each of the years ended December 31,
2003, 2002 and 2001 were 92.79%, 92.63% and 88.70%, 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.

     The following table sets forth the delinquency experience for cardholder
payments on the credit card accounts for each of the periods shown. 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.


                                       3


<PAGE>

<TABLE>
<CAPTION>

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

                                                                          As of December 31,
                                                                          ------------------
                               As of
                        September 25, 2004             2003                      2002                      2001
                        ------------------             ----                      ----                      ----

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........   $1,022,643      1.30%      $1,146,055    1.49%        $1,080,847   1.66%         $955,863     1.70%
65-94 days........      656,740      0.84          777,690    1.01            743,485   1.14           631,073     1.12
95 days or more...    1,275,999      1.63        1,585,414    2.07          1,494,694   2.29         1,067,318     1.90
                      ---------      ----        ---------    ----          ---------   ----         ---------     ----
Total.............   $2,955,382      3.77%      $3,509,159    4.57%        $3,319,026   5.09%       $2,654,254     4.72%

</TABLE>


Revenue Experience

     The revenues for the credit card accounts from finance charges, fees paid
by cardholders and interchange for the nine months ended September 27, 2004 and
for each year of the three-year period ended December 31, 2003 are set forth in
the following table. 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 nine months
ended September 27, 2004 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.


                       Revenue Experience for the Accounts
                             (Dollars in Thousands)


                                Nine Months        Year Ended December 31,
                                  Ended
                            September 27, 2004    2003       2002        2001

Finance Charges and Fees Paid .. $8,918,681  $11,461,816  $9,739,411  $8,807,834
Average Revenue Yield ..........    15.48%      15.14%       15.15%      15.89%


                                       4


<PAGE>

     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

     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. 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. 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.


                Cardholder Monthly Payment Rates for the Accounts


                               Nine Months          Year Ended December 31,
                                 Ended
                           September 27, 2004     2003       2002       2001

Lowest Month ...............      16.86%         16.16%     16.29%     17.43%
Highest Month ..............      19.41%         19.23%     20.35%     21.37%
Average of the
  Months in the Period .....      18.47%         17.76%     18.43%     19.66%



                                       5


<PAGE>

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 September 25, 2004
included $1,149,348,566 of finance charge receivables and $77,329,443,608 of
principal receivables -- which amounts include overdue finance charge
receivables and overdue principal receivables. As of September 25, 2004 there
were 64,553,344 accounts. Included within the accounts are inactive accounts
that have no balance. The accounts had an average principal receivable balance
of $1,198 and an average credit limit of $7,787. The average principal
receivable balance in the accounts as a percentage of the average credit limit
with respect to the accounts was approximately 15%. Approximately 95% of the
accounts were opened before September 2002. Of the accounts, approximately
12.71% related to cardholders with billing addresses in California, 9.11% in New
York, 6.34% in Texas, 6.15% in Florida, and 5.02% 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.
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.

     The following tables summarize the credit card accounts by various criteria
as of September 25, 2004. 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.


                                       6


<PAGE>

                   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 ................    617,432    0.96%   $ (80,032,732)     -0.10%
No Balance .................... 43,918,962   68.03                0       0.00
Less than or equal to $500.00 .  5,080,640    7.87      882,819,499       1.12
$500.01 to $1,000.00 ..........  2,013,192    3.12    1,481,830,218       1.89
$1,000.01 to $2,000.00 ........  2,628,410    4.07    3,860,148,598       4.92
$2,000.01 to $3,000.00 ........  1,897,642    2.94    4,712,140,180       6.00
$3,000.01 to $4,000.00 ........  1,505,190    2.33    5,247,690,279       6.69
$4,000.01 to $5,000.00 ........  1,268,755    1.97    5,705,733,991       7.27
$5,000.01 to $6,000.00 ........  1,013,253    1.57    5,560,748,870       7.09
$6,000.01 to $7,000.00 ........    832,424    1.29    5,401,515,872       6.88
$7,000.01 to $8,000.00 ........    680,790    1.05    5,097,511,132       6.50
$8,000.01 to $9,000.00 ........    552,513    0.86    4,689,321,540       5.98
$9,000.01 to $10,000.00 .......    464,107    0.72    4,404,949,079       5.61
Over $10,000.00 ...............  2,080,034    3.22   31,514,415,648      40.15
                                 ---------    ----   --------------      -----
Total ......................... 64,553,344  100.00% $78,478,792,174    100.00%




                     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 . 3,560,203    5.52%       $30,732,116     0.04%
$500.01 to $1,000.00 .......... 2,675,222    4.14        191,132,755     0.24
$1,000.01 to $2,000.00 ........ 5,191,264    8.04        842,022,550     1.07
$2,000.01 to $3,000.00 ........ 4,633,115    7.18      1,422,428,151     1.81
$3,000.01 to $4,000.00 ........ 3,926,574    6.08      1,845,781,860     2.35
$4,000.01 to $5,000.00 ........ 6,157,423    9.54      2,976,062,356     3.79
$5,000.01 to $6,000.00 ........ 4,906,859    7.60      2,961,785,578     3.77
$6,000.01 to $7,000.00 ........ 4,577,117    7.09      3,409,052,837     4.34
$7,000.01 to $8,000.00 ........ 4,500,496    6.97      3,640,577,792     4.64
$8,000.01 to $9,000.00 ........ 3,639,553    5.64      3,616,414,082     4.61
$9,000.01 to $10,000.00 ....... 3,719,192    5.76      3,975,978,993     5.07
$10,000.01 to $15,000.00 ...... 9,684,376   15.00     17,292,040,615    22.04
Over $15,000.00 ............... 7,381,950   11.44     36,274,782,489    46.23
                                ---------   -----     --------------    -----

Total .........................64,553,344  100.00%   $78,478,792,174   100.00%



                                       7


<PAGE>

     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 ...................... 63,351,043   98.14%  $72,363,183,269    92.21%
Up to 34 days delinquent .....    687,563    1.07     3,160,226,976     4.03
35 to 64 days delinquent .....    197,673    0.31     1,022,642,537     1.30
65 to 94 days delinquent .....    112,809    0.17       656,740,063     0.83
95 to 124 days delinquent ....     84,439    0.13       515,608,621     0.66
125 to 154 days delinquent ...     65,763    0.10       410,516,033     0.52
155 to 184 days delinquent ...     54,054    0.08       349,874,675     0.45
                                   ------    ----       -----------     ----
Total ........................ 64,553,344  100.00%  $78,478,792,174   100.00%



                         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 ......    413,455    0.64      816,384,340    1.04
Over 12 months to 24 months .....  2,898,319    4.49    3,473,613,150    4.43
Over 24 months to 36 months .....  4,655,054    7.21    6,525,485,336    8.31
Over 36 months to 48 months .....  4,376,661    6.78    7,078,002,417    9.02
Over 48 months .................. 52,209,855   80.88   60,585,306,931   77.20
                                  ----------   -----   --------------   -----
Total ........................... 64,553,344  100.00% $78,478,792,174  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.



                                       8


<PAGE>

     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.

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 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 4.99% to 11.99%. As of the most
recent reset date, the periodic finance charge on balances in most accounts for
purchases ranged from 9.74% 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% or 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.



                                       9


<PAGE>

     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.
          The late fee is $15 on balances up to $100, $29 on balances of $100 up
          to $1,000 and $39 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

     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 Addition

     Citibank (South Dakota), National Association transferred $907,383,238 of
credit card receivables to Citibank Credit Card Master Trust I in a lump
addition on August 28, 2004. The receivables consisted of $895,267,002 of
principal receivables and $12,116,236 of finance charge receivables.



                                       10


<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.



                                       11


<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 6.



                                       12


<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:  November 9, 2004


                                       13
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UNITED STATES
                       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): November 9, 2004

                  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
       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 1996-6
   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
       6.05% Class A Credit Card Participation Certificates, Series 1998-2
       6.20% Class B Credit Card Participation Certificates, Series 1998-2
      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)

                                                       [Cover page 1 of 2 pages]
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

  (Former name or former address, if changed since last report): Not Applicable

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

                                                       [Cover page 2 of 2 pages]
Item 8.01     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. 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 nine months ended September
27, 2004 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)

                              Nine Months
                                 Ended              Year Ended December 31,
                           September 27, 2004   2003        2002        2001

Average Principal
  Receivables Outstanding ... $76,393,181  $75,707,275  $64,285,548  $55,438,042

Net Losses ................... $3,523,310   $4,746,884   $3,588,849   $2,496,412

Net Losses as a Percentage
  of Average Principal
  Receivables Outstanding ....     6.12%       6.27%        5.58%       4.50%

     Net losses as a percentage of gross charge-offs for the nine months ended
September 27, 2004 were 90.75% and for each of the years ended December 31,
2003, 2002 and 2001 were 92.79%, 92.63% and 88.70%, 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.

     The following table sets forth the delinquency experience for cardholder
payments on the credit card accounts for each of the periods shown. 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.

                                       3
Delinquencies as a Percentage of the Accounts
                                               (Dollars in Thousands)

                                                                          As of December 31,
                                                                          ------------------
                               As of
                        September 25, 2004             2003                      2002                      2001
                        ------------------             ----                      ----                      ----

Number of Days        Delinquent                Delinquent                Delinquent                Delinquent
Delinquent              Amount    Percentage      Amount    Percentage      Amount    Percentage      Amount    Percentage
- ----------              ------    ----------      ------    ----------      ------    ----------      ------    ----------
35-64 days........   $1,022,643      1.30%      $1,146,055    1.49%        $1,080,847   1.66%         $955,863     1.70%
65-94 days........      656,740      0.84          777,690    1.01            743,485   1.14           631,073     1.12
95 days or more...    1,275,999      1.63        1,585,414    2.07          1,494,694   2.29         1,067,318     1.90
                      ---------      ----        ---------    ----          ---------   ----         ---------     ----
Total.............   $2,955,382      3.77%      $3,509,159    4.57%        $3,319,026   5.09%       $2,654,254     4.72%
Revenue Experience

     The revenues for the credit card accounts from finance charges, fees paid
by cardholders and interchange for the nine months ended September 27, 2004 and
for each year of the three-year period ended December 31, 2003 are set forth in
the following table. 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 nine months
ended September 27, 2004 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.

                       Revenue Experience for the Accounts
                             (Dollars in Thousands)

                                Nine Months        Year Ended December 31,
                                  Ended
                            September 27, 2004    2003       2002        2001

Finance Charges and Fees Paid .. $8,918,681  $11,461,816  $9,739,411  $8,807,834
Average Revenue Yield ..........    15.48%      15.14%       15.15%      15.89%

                                       4
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

     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. 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. 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.

                Cardholder Monthly Payment Rates for the Accounts

                               Nine Months          Year Ended December 31,
                                 Ended
                           September 27, 2004     2003       2002       2001

Lowest Month ...............      16.86%         16.16%     16.29%     17.43%
Highest Month ..............      19.41%         19.23%     20.35%     21.37%
Average of the
  Months in the Period .....      18.47%         17.76%     18.43%     19.66%

                                       5
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 September 25, 2004
included $1,149,348,566 of finance charge receivables and $77,329,443,608 of
principal receivables -- which amounts include overdue finance charge
receivables and overdue principal receivables. As of September 25, 2004 there
were 64,553,344 accounts. Included within the accounts are inactive accounts
that have no balance. The accounts had an average principal receivable balance
of $1,198 and an average credit limit of $7,787. The average principal
receivable balance in the accounts as a percentage of the average credit limit
with respect to the accounts was approximately 15%. Approximately 95% of the
accounts were opened before September 2002. Of the accounts, approximately
12.71% related to cardholders with billing addresses in California, 9.11% in New
York, 6.34% in Texas, 6.15% in Florida, and 5.02% 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.
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.

     The following tables summarize the credit card accounts by various criteria
as of September 25, 2004. 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.

                                       6
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 ................    617,432    0.96%   $ (80,032,732)     -0.10%
No Balance .................... 43,918,962   68.03                0       0.00
Less than or equal to $500.00 .  5,080,640    7.87      882,819,499       1.12
$500.01 to $1,000.00 ..........  2,013,192    3.12    1,481,830,218       1.89
$1,000.01 to $2,000.00 ........  2,628,410    4.07    3,860,148,598       4.92
$2,000.01 to $3,000.00 ........  1,897,642    2.94    4,712,140,180       6.00
$3,000.01 to $4,000.00 ........  1,505,190    2.33    5,247,690,279       6.69
$4,000.01 to $5,000.00 ........  1,268,755    1.97    5,705,733,991       7.27
$5,000.01 to $6,000.00 ........  1,013,253    1.57    5,560,748,870       7.09
$6,000.01 to $7,000.00 ........    832,424    1.29    5,401,515,872       6.88
$7,000.01 to $8,000.00 ........    680,790    1.05    5,097,511,132       6.50
$8,000.01 to $9,000.00 ........    552,513    0.86    4,689,321,540       5.98
$9,000.01 to $10,000.00 .......    464,107    0.72    4,404,949,079       5.61
Over $10,000.00 ...............  2,080,034    3.22   31,514,415,648      40.15
                                 ---------    ----   --------------      -----
Total ......................... 64,553,344  100.00% $78,478,792,174    100.00%

                     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 . 3,560,203    5.52%       $30,732,116     0.04%
$500.01 to $1,000.00 .......... 2,675,222    4.14        191,132,755     0.24
$1,000.01 to $2,000.00 ........ 5,191,264    8.04        842,022,550     1.07
$2,000.01 to $3,000.00 ........ 4,633,115    7.18      1,422,428,151     1.81
$3,000.01 to $4,000.00 ........ 3,926,574    6.08      1,845,781,860     2.35
$4,000.01 to $5,000.00 ........ 6,157,423    9.54      2,976,062,356     3.79
$5,000.01 to $6,000.00 ........ 4,906,859    7.60      2,961,785,578     3.77
$6,000.01 to $7,000.00 ........ 4,577,117    7.09      3,409,052,837     4.34
$7,000.01 to $8,000.00 ........ 4,500,496    6.97      3,640,577,792     4.64
$8,000.01 to $9,000.00 ........ 3,639,553    5.64      3,616,414,082     4.61
$9,000.01 to $10,000.00 ....... 3,719,192    5.76      3,975,978,993     5.07
$10,000.01 to $15,000.00 ...... 9,684,376   15.00     17,292,040,615    22.04
Over $15,000.00 ............... 7,381,950   11.44     36,274,782,489    46.23
                                ---------   -----     --------------    -----

Total .........................64,553,344  100.00%   $78,478,792,174   100.00%

                                       7
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 ...................... 63,351,043   98.14%  $72,363,183,269    92.21%
Up to 34 days delinquent .....    687,563    1.07     3,160,226,976     4.03
35 to 64 days delinquent .....    197,673    0.31     1,022,642,537     1.30
65 to 94 days delinquent .....    112,809    0.17       656,740,063     0.83
95 to 124 days delinquent ....     84,439    0.13       515,608,621     0.66
125 to 154 days delinquent ...     65,763    0.10       410,516,033     0.52
155 to 184 days delinquent ...     54,054    0.08       349,874,675     0.45
                                   ------    ----       -----------     ----
Total ........................ 64,553,344  100.00%  $78,478,792,174   100.00%

                         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 ......    413,455    0.64      816,384,340    1.04
Over 12 months to 24 months .....  2,898,319    4.49    3,473,613,150    4.43
Over 24 months to 36 months .....  4,655,054    7.21    6,525,485,336    8.31
Over 36 months to 48 months .....  4,376,661    6.78    7,078,002,417    9.02
Over 48 months .................. 52,209,855   80.88   60,585,306,931   77.20
                                  ----------   -----   --------------   -----
Total ........................... 64,553,344  100.00% $78,478,792,174  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.

                                       8
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.

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 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 4.99% to 11.99%. As of the most
recent reset date, the periodic finance charge on balances in most accounts for
purchases ranged from 9.74% 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% or 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.

                                       9
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.
          The late fee is $15 on balances up to $100, $29 on balances of $100 up
          to $1,000 and $39 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

     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 Addition

     Citibank (South Dakota), National Association transferred $907,383,238 of
credit card receivables to Citibank Credit Card Master Trust I in a lump
addition on August 28, 2004. The receivables consisted of $895,267,002 of
principal receivables and $12,116,236 of finance charge receivables.

                                       10
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 6.

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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:  November 9, 2004

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