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: January 29, 2004
                        ---------------------------------
                        (Date of earliest event reported)


                       CITICORP MORTGAGE SECURITIES, INC.
                             (Packager and Servicer)
    (Issuer in Respect of the REMIC Pass-Through Certificates, Series 2004-1)
    --------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)


   Delaware                    333-109722                     13-3408717
 ----------------------------------------------------------------------------
  (State or other juris-       (Commission                 (I.R.S. Employer
 diction of organization)       File Nos.)                Identification No.)


  1000 Technology Drive, O'Fallon, Missouri                   63304
--------------------------------------------------          ----------
   (Address of principal executive offices)                 (Zip Code)


Registrant's Telephone Number, including area code: (636) 261-1313

--------------------------------------------------------------------------
(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 2004-1
                 -----------------------------------------------

                               January 29, 2004

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

     On January 29, 2004, 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 January
1, 2004) as of January 1, 2004 of $619,452,564.86. The mortgage loans that have
original maturities of at least 20 but not more than 30 years and are not
relocation loans, the "pool I mortgage loans", have an aggregate scheduled
principal balance outstanding (after deducting principal payments due on or
before January 1, 2004) as of January 1, 2004 of $275,015,277.05. The mortgage
loans that have original maturities of at least 20 but not more than 30 years
and are relocation loans, the "pool II mortgage loans", have an aggregate
scheduled principal balance outstanding (after deducting principal payments due
on or before January 1, 2004) as of January 1, 2004 of $95,025,286.97. The
mortgage loans that have original maturities of at least 10 but not more than 15
years, the "pool III mortgage loans", have an aggregate scheduled principal
balance outstanding (after deducting principal payments due on or before January
1, 2004) as of January 1, 2004 of $249,412,000.84. The mortgage loans were
delivered in exchange for the certificates, authenticated by the paying agent,
evidencing 100% of the regular interests in the Trust. Distributions on the
certificates will be made by Citibank, N.A., 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 less than $61,945,256.49.
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 numbers of the pool I mortgage loans, the pool II mortgage loans,
the pool III mortgage loans and all mortgage loans as of January 1, 2004 were
547, 187, 497 and 1,231, respectively. The weighted average interest rates of
the pool I mortgage loans, the pool II mortgage loans, the pool III mortgage
loans and all mortgage loans (before deduction of the servicing fee) as of
January 1, 2004 were 6.067%, 5.566%, 5.445% and 5.740%, 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 January 1, 2004 were 357.95 months, 355.84 months, 177.83 months and
285.10 months, respectively. All mortgage loans have original maturities of at
least 10 but not more than 30 years. None of the pool I mortgage loans, the pool
II mortgage loans or the pool III mortgage loans were originated prior to
October 1, 2002, September 1, 2002 and January 1, 2003, respectively, or after
January 1, 2004. 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 January 1, 2004 were 359.65 months, 360.00 months,
179.81 months and 287.29 months, respectively.

     None of the pool I mortgage loans and the pool II mortgage loans have
scheduled maturities later than January 1, 2034. None of the pool III mortgage
loans have scheduled maturities later than January 1, 2019. 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 $66,100, $328,000 and $22,655,
respectively, nor more than $2,000,000, $1,200,000 and $1,041,759, respectively.
Pool I mortgage loans, pool II mortgage loans and pool III mortgage loans having
aggregate scheduled principal balances of $7,005,780, $3,205,800 and $419,206,
respectively, as of January 1, 2004, 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 January
1, 2004 were 66.5%, 75.4%, 54.4% and 63.0%, respectively. No more than
$5,275,407, $1,424,580, $4,688,111 and $9,963,518 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% and 96%, respectively, of the pool I mortgage loans, the
pool III mortgage loans and all mortgage loans, and 100% of the pool II 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 January 27, 2004 (consisting of a
     prospectus supplement and a core prospectus), relating to the REMIC
     Pass-Through Certificates, Series 2004-1.

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 are secured by investment properties. None of the pool II
mortgage loans and the pool III mortgage loans are secured by investment
properties.

     At least 93%, 25%, 93% and 83% 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 7%, 75%, 7% and
17%, 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
43%, 76% and 50%, respectively, of the pool I mortgage loans, the pool III
mortgage loans and all mortgage loans, and none of the pool II 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 and pool III mortgage loans for which additional
collateral was pledged, taken as groups:

     1.   the numbers of such pool I mortgage loans and pool III mortgage loans
          are 2 each;

     2.   the aggregate scheduled principal balances of such pool I mortgage
          loans and pool III mortgage loans are $227,728 and $625,771,
          respectively;

     3.   the weighted average loan-to-value ratios of such pool I mortgage
          loans and pool III mortgage loans, taking into account the loanable
          value of the pledged additional collateral, are 80.0% and 76.5%,
          respectively; and

     4.   the weighted average loan-to-value ratios of such pool I mortgage
          loans and pool III mortgage loans, without taking into account the
          loanable value of the pledged additional collateral, are 99.0% and
          95.7%, respectively.

     Pool I premium loans will consist of pool I mortgage loans with net loan
rates greater than or equal to 5.250%. Pool I discount loans will consist of
pool I mortgage loans with net loan rates less than 5.250%. 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 $273,855,332 and $1,159,945,
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 6.070% 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
357.96 months and 356.31 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 $90,549,015 and $4,476,272,
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 5.589% and 5.091%,
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 355.84 months and 355.69 months, respectively.

     Pool III premium loans will consist of pool III mortgage loans with net
loan rates greater than or equal to 4.750%. Pool III discount loans will consist
of pool III mortgage loans with net loan rates less than 4.750%. 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 $246,967,424 and $2,444,577,
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 5.451% and 4.835%,
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 177.83 months and 178.12 months, respectively.


<PAGE>


     The special hazard loss limit as of January 1, 2004 was $6,194,525.65.

     The fraud loss limit as of January 1, 2004 was $6,194,525.65.

     The bankruptcy loss limit as of January 1, 2004 was $100,000.00.

     The aggregate initial principal balance of the class A certificates as of
January 1, 2004 was $606,443,942.00.

     The aggregate initial principal balance of the class B-1 certificates as of
January 1, 2004 was $6,504,000.00.

     The aggregate initial principal balance of the class B-2 certificates as of
January 1, 2004 was $2,478,000.00.

     The aggregate initial principal balance of the class B-3 certificates as of
January 1, 2004 was $1,548,000.00.

     The aggregate initial principal balance of the class B-4 certificates as of
January 1, 2004 was $929,000.00.

     The aggregate initial principal balance of the class B-5 certificates as of
January 1, 2004 was $620,000.00.

     The aggregate initial principal balance of the class B-6 certificates as of
January 1, 2004 was $929,622.86.

     The class A subordination level is 2.100019210178%.*

     The class B-1 subordination level is 1.050059880125%.*

     The class B-2 subordination level is 0.650029249763%.*

     The class B-3 subordination level is 0.400131180433%.*

     The class B-4 subordination level is 0.250160052263%.*

     The class B-5 subordination level is 0.150071678242%.*


--------

*     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/ Michael J. Tarpley
                                               -------------------------
                                                    Michael J. Tarpley
                                                    Assistant Secretary


Dated: January 29, 2004
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{"company-data": {"conformed-name": "CITICORP MORTGAGE SECURITIES INC", "cik": "0000811785", "assigned-sic": "6189", "irs-number": "133408717", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-16107", "film-number": "04551879"}, "business-address": {"street1": "1000 TECHNOLOGY DRIVE", "city": "O'FALLON", "state": "MO", "zip": "63304", "phone": "6362611313"}, "mail-address": {"street1": "CITIGROUP INC CORPORATE LAW DEPT", "street2": "425 PARK AVENUE 2ND FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10043"}}
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: January 29, 2004
                        ---------------------------------
                        (Date of earliest event reported)

                       CITICORP MORTGAGE SECURITIES, INC.
                             (Packager and Servicer)
    (Issuer in Respect of the REMIC Pass-Through Certificates, Series 2004-1)
    --------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)

   Delaware                    333-109722                     13-3408717
 ----------------------------------------------------------------------------
  (State or other juris-       (Commission                 (I.R.S. Employer
 diction of organization)       File Nos.)                Identification No.)

  1000 Technology Drive, O'Fallon, Missouri                   63304
--------------------------------------------------          ----------
   (Address of principal executive offices)                 (Zip Code)

Registrant's Telephone Number, including area code: (636) 261-1313

--------------------------------------------------------------------------
(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 2004-1
                 -----------------------------------------------

                               January 29, 2004

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

     On January 29, 2004, 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 January
1, 2004) as of January 1, 2004 of $619,452,564.86. The mortgage loans that have
original maturities of at least 20 but not more than 30 years and are not
relocation loans, the "pool I mortgage loans", have an aggregate scheduled
principal balance outstanding (after deducting principal payments due on or
before January 1, 2004) as of January 1, 2004 of $275,015,277.05. The mortgage
loans that have original maturities of at least 20 but not more than 30 years
and are relocation loans, the "pool II mortgage loans", have an aggregate
scheduled principal balance outstanding (after deducting principal payments due
on or before January 1, 2004) as of January 1, 2004 of $95,025,286.97. The
mortgage loans that have original maturities of at least 10 but not more than 15
years, the "pool III mortgage loans", have an aggregate scheduled principal
balance outstanding (after deducting principal payments due on or before January
1, 2004) as of January 1, 2004 of $249,412,000.84. The mortgage loans were
delivered in exchange for the certificates, authenticated by the paying agent,
evidencing 100% of the regular interests in the Trust. Distributions on the
certificates will be made by Citibank, N.A., 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 less than $61,945,256.49.
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 numbers of the pool I mortgage loans, the pool II mortgage loans,
the pool III mortgage loans and all mortgage loans as of January 1, 2004 were
547, 187, 497 and 1,231, respectively. The weighted average interest rates of
the pool I mortgage loans, the pool II mortgage loans, the pool III mortgage
loans and all mortgage loans (before deduction of the servicing fee) as of
January 1, 2004 were 6.067%, 5.566%, 5.445% and 5.740%, 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 January 1, 2004 were 357.95 months, 355.84 months, 177.83 months and
285.10 months, respectively. All mortgage loans have original maturities of at
least 10 but not more than 30 years. None of the pool I mortgage loans, the pool
II mortgage loans or the pool III mortgage loans were originated prior to
October 1, 2002, September 1, 2002 and January 1, 2003, respectively, or after
January 1, 2004. 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 January 1, 2004 were 359.65 months, 360.00 months,
179.81 months and 287.29 months, respectively.

     None of the pool I mortgage loans and the pool II mortgage loans have
scheduled maturities later than January 1, 2034. None of the pool III mortgage
loans have scheduled maturities later than January 1, 2019. 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 $66,100, $328,000 and $22,655,
respectively, nor more than $2,000,000, $1,200,000 and $1,041,759, respectively.
Pool I mortgage loans, pool II mortgage loans and pool III mortgage loans having
aggregate scheduled principal balances of $7,005,780, $3,205,800 and $419,206,
respectively, as of January 1, 2004, 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 January
1, 2004 were 66.5%, 75.4%, 54.4% and 63.0%, respectively. No more than
$5,275,407, $1,424,580, $4,688,111 and $9,963,518 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% and 96%, respectively, of the pool I mortgage loans, the
pool III mortgage loans and all mortgage loans, and 100% of the pool II 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 January 27, 2004 (consisting of a
     prospectus supplement and a core prospectus), relating to the REMIC
     Pass-Through Certificates, Series 2004-1.

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 are secured by investment properties. None of the pool II
mortgage loans and the pool III mortgage loans are secured by investment
properties.

     At least 93%, 25%, 93% and 83% 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 7%, 75%, 7% and
17%, 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
43%, 76% and 50%, respectively, of the pool I mortgage loans, the pool III
mortgage loans and all mortgage loans, and none of the pool II 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 and pool III mortgage loans for which additional
collateral was pledged, taken as groups:

     1.   the numbers of such pool I mortgage loans and pool III mortgage loans
          are 2 each;

     2.   the aggregate scheduled principal balances of such pool I mortgage
          loans and pool III mortgage loans are $227,728 and $625,771,
          respectively;

     3.   the weighted average loan-to-value ratios of such pool I mortgage
          loans and pool III mortgage loans, taking into account the loanable
          value of the pledged additional collateral, are 80.0% and 76.5%,
          respectively; and

     4.   the weighted average loan-to-value ratios of such pool I mortgage
          loans and pool III mortgage loans, without taking into account the
          loanable value of the pledged additional collateral, are 99.0% and
          95.7%, respectively.

     Pool I premium loans will consist of pool I mortgage loans with net loan
rates greater than or equal to 5.250%. Pool I discount loans will consist of
pool I mortgage loans with net loan rates less than 5.250%. 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 $273,855,332 and $1,159,945,
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 6.070% 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
357.96 months and 356.31 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 $90,549,015 and $4,476,272,
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 5.589% and 5.091%,
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 355.84 months and 355.69 months, respectively.

     Pool III premium loans will consist of pool III mortgage loans with net
loan rates greater than or equal to 4.750%. Pool III discount loans will consist
of pool III mortgage loans with net loan rates less than 4.750%. 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 $246,967,424 and $2,444,577,
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 5.451% and 4.835%,
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 177.83 months and 178.12 months, respectively.
The special hazard loss limit as of January 1, 2004 was $6,194,525.65.

     The fraud loss limit as of January 1, 2004 was $6,194,525.65.

     The bankruptcy loss limit as of January 1, 2004 was $100,000.00.

     The aggregate initial principal balance of the class A certificates as of
January 1, 2004 was $606,443,942.00.

     The aggregate initial principal balance of the class B-1 certificates as of
January 1, 2004 was $6,504,000.00.

     The aggregate initial principal balance of the class B-2 certificates as of
January 1, 2004 was $2,478,000.00.

     The aggregate initial principal balance of the class B-3 certificates as of
January 1, 2004 was $1,548,000.00.

     The aggregate initial principal balance of the class B-4 certificates as of
January 1, 2004 was $929,000.00.

     The aggregate initial principal balance of the class B-5 certificates as of
January 1, 2004 was $620,000.00.

     The aggregate initial principal balance of the class B-6 certificates as of
January 1, 2004 was $929,622.86.

     The class A subordination level is 2.100019210178%.*

     The class B-1 subordination level is 1.050059880125%.*

     The class B-2 subordination level is 0.650029249763%.*

     The class B-3 subordination level is 0.400131180433%.*

     The class B-4 subordination level is 0.250160052263%.*

     The class B-5 subordination level is 0.150071678242%.*

--------

*     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/ Michael J. Tarpley
                                               -------------------------
                                                    Michael J. Tarpley
                                                    Assistant Secretary

Dated: January 29, 2004