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

                                  May 15, 2000
                       ----------------------------------
                Date of Report (Date of earliest event reported)

                    Travelers Bank Credit Card Master Trust I
                   -------------------------------------------
             (Exact name of registrant as specified in its charter)

         Delaware                  333-40381                  52-2069082
--------------------------------------------------------------------------------
       State or other           (Commission File             (IRS Employer
jurisdiction of incorporation        Number)               Identification No.)

                   4500 New Linden Hill Road
                     Wilmington, Delaware                     19808
              ------------------------------------------------------
             (Address of principal executive offices)      (Zip Code)

                                 (302) 683-6511
                               ------------------
              (Registrant's telephone number, including area code)

<PAGE>

                    TRAVELERS BANK CREDIT CARD MASTER TRUST I
                           Current Report on Form 8-K

ITEM 5. OTHER EVENTS.

The Registrant hereby refers to, and incorporates by reference herein, the
information contained in Exhibit 20.1 hereto.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

            EXHIBITS:

Exhibit Number   Exhibit Description
--------------   -------------------

20.1             Monthly Report in respect of the Class A 6.00% Asset-Backed
                 Certificates, Series 1998-1 issued by Travelers Bank Credit
                 Card Master Trust I
<PAGE>

                                    SIGNATURE

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

Dated: May 15, 2000                TRAVELERS BANK CREDIT CARD
                                       MASTER TRUST I

                                   By:  CITIBANK USA, AS SERVICER


                                        By: /s/ Charles Haug
                                            ------------------------------------
                                            Name: Charles Haug
                                            Title: Senior Vice President and
                                                   Chief Financial Officer
<PAGE>

                                INDEX TO EXHIBITS

Exhibit Number      Exhibit Description
--------------      -------------------

20.1                Monthly Report in respect of the Class A 6.00% Asset-Backed
                    Certificates, Series 1998-1 issued by Travelers Bank Credit
                    Card Master Trust I
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{"company-data": {"conformed-name": "TRAVELERS BANK CREDIT CARD MASTER TRUST I", "cik": "0001049732", "assigned-sic": "6189", "irs-number": "522069082", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23987-01", "film-number": "713405"}, "business-address": {"street1": "4500 NEW LINDEN HILL RD", "city": "WILMINGTON", "state": "DE", "zip": "19808", "phone": "3024516456"}, "mail-address": {"street1": "100 COMMERCE DRIVE", "street2": "SUITE 300B", "city": "NEWARK", "state": "DE", "zip": "19713"}}
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

                                  May 15, 2000
                       ----------------------------------
                Date of Report (Date of earliest event reported)

                    Travelers Bank Credit Card Master Trust I
                   -------------------------------------------
             (Exact name of registrant as specified in its charter)

         Delaware                  333-40381                  52-2069082
--------------------------------------------------------------------------------
       State or other           (Commission File             (IRS Employer
jurisdiction of incorporation        Number)               Identification No.)

                   4500 New Linden Hill Road
                     Wilmington, Delaware                     19808
              ------------------------------------------------------
             (Address of principal executive offices)      (Zip Code)

                                 (302) 683-6511
                               ------------------
              (Registrant's telephone number, including area code)
TRAVELERS BANK CREDIT CARD MASTER TRUST I
                           Current Report on Form 8-K

ITEM 5. OTHER EVENTS.

The Registrant hereby refers to, and incorporates by reference herein, the
information contained in Exhibit 20.1 hereto.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

            EXHIBITS:

Exhibit Number   Exhibit Description
--------------   -------------------

20.1             Monthly Report in respect of the Class A 6.00% Asset-Backed
                 Certificates, Series 1998-1 issued by Travelers Bank Credit
                 Card Master Trust I
SIGNATURE

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

Dated: May 15, 2000                TRAVELERS BANK CREDIT CARD
                                       MASTER TRUST I

                                   By:  CITIBANK USA, AS SERVICER

                                        By: /s/ Charles Haug
                                            ------------------------------------
                                            Name: Charles Haug
                                            Title: Senior Vice President and
                                                   Chief Financial Officer
INDEX TO EXHIBITS

Exhibit Number      Exhibit Description
--------------      -------------------

20.1                Monthly Report in respect of the Class A 6.00% Asset-Backed
                    Certificates, Series 1998-1 issued by Travelers Bank Credit
                    Card Master Trust I