Exhibit 25.11


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                       SECURITIES AND EXCHANGE COMMISSION
                          Washington, D. C. 20549
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                                    FORM T-1

                          STATEMENT OF ELIGIBILITY
                  UNDER THE TRUST INDENTURE ACT OF 1939 OF
                 A CORPORATION DESIGNATED TO ACT AS TRUSTEE
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            CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
              A TRUSTEE PURSUANT TO SECTION 305(b)(2)
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                            JPMORGAN CHASE BANK
            (Exact name of trustee as specified in its charter)


NEW YORK                                                             13-4994650
(State of incorporation                                        (I.R.S. employer
if not a national bank)                                     identification No.)

270 PARK AVENUE
NEW YORK, NEW YORK                                                        10017
(Address of principal executive offices)                             (Zip Code)

                               William H. McDavid
                                 General Counsel
                                 270 Park Avenue
                            New York, New York 10017
                            Tel: (212) 270-2611
         (Name, address and telephone number of agent for service)
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                            CITIGROUP CAPITAL XI
            (Exact name of obligor as specified in its charter)

DELAWARE                                                             06-1532087
(State or other jurisdiction of                                (I.R.S. employer
incorporation or organization)                              identification No.)


399 PARK AVENUE
NEW YORK, NEW YORK                                                        10043
(Address of principal executive offices)                             (Zip Code)

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                         GUARANTEE OF CAPITAL SECURITIES
                       (Title of the indenture securities)
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                                     GENERAL

Item 1.  General Information.

         Furnish the following information as to the trustee:

         (a)  Name and address of each examining or supervising authority to
which it is subject.

         New York State Banking Department, State House, Albany, New York 12110.

         Board of Governors of the Federal Reserve System, Washington, D.C.,
         20551

         Federal Reserve Bank of New York, District No. 2, 33 Liberty Street,
         New York, N.Y.

         Federal Deposit Insurance Corporation, Washington, D.C., 20429.

         (b)  Whether it is authorized to exercise corporate trust powers.

         Yes.


Item 2.  Affiliations with the Obligor.

         If the obligor is an affiliate of the trustee, describe each such
affiliation.

         None.


                                      -2-


Item 16. List of Exhibits

         List below all exhibits filed as a part of this Statement of
Eligibility.

         1. A copy of the Restated Organization Certificate of the Trustee dated
March 25, 1997 and the Certificate of Amendment dated October 22, 2001 (see
Exhibit 1 to Form T-1 filed in connection with Registration Statement No.
333-76894, which is incorporated by reference.)

         2. A copy of the Certificate of Authority of the Trustee to Commence
Business (see Exhibit 2 to Form T-1 filed in connection with Registration
Statement No. 33-50010, which is incorporated by reference). On November 11,
2001, in connection with the merger of The Chase Manhattan Bank and Morgan
Guaranty Trust Company of New York, the surviving corporation was renamed
JPMorgan Chase Bank.

         3. None, authorization to exercise corporate trust powers being
contained in the documents identified above as Exhibits 1 and 2.

         4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form
T-1 filed in connection with Registration Statement No. 333-76894, which is
incorporated by reference.)

         5. Not applicable.

         6. The consent of the Trustee required by Section 321(b) of the Act
(see Exhibit 6 to Form T-1 filed in connection with Registration Statement No.
33-50010, which is incorporated by reference). On November 11, 2001, in
connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust
Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

         7. A copy of the latest report of condition of the Trustee, published
pursuant to law or the requirements of its supervising or examining authority
(see Exhibit 7 to Form T-1 filed in connection with Registration Statement No.
333-76894, which is incorporated by reference.)

         8. Not applicable.

         9. Not applicable.

                                    SIGNATURE

         Pursuant to the requirements of the Trust Indenture Act of 1939 the
Trustee, The Chase Manhattan Bank, a corporation organized and existing under
the laws of the State of New York, has duly caused this statement of eligibility
to be signed on its behalf by the undersigned, thereunto duly authorized, all in
the City of New York and State of New York, on the 17th of December, 2002.


                                 JPMORGAN CHASE BANK

                                 By  /s/ Natalie B. Pesce
                                     ------------------------------------
                                     Natalie B. Pesce, Trust Officer


                                       -3-



                              Exhibit 7 to Form T-1


                                Bank Call Notice

                             RESERVE DISTRICT NO. 2
                       CONSOLIDATED REPORT OF CONDITION OF

                               JPMorgan Chase Bank
                  of 270 Park Avenue, New York, New York 10017
                     and Foreign and Domestic Subsidiaries,
                     a member of the Federal Reserve System,

         at the close of business September 30, 2002, in accordance with
      a call made by the Federal Reserve Bank of this District pursuant to
                   the provisions of the Federal Reserve Act.



                                                              DOLLAR AMOUNTS
                ASSETS                                         IN MILLIONS
                                                           
Cash and balances due from depository institutions:
   Noninterest-bearing balances and
   currency and coin ...................................         $ 17,141
   Interest-bearing balances ...........................           13,564
Securities:
Held to maturity securities ............................              408
Available for sale securities ..........................           74,344
Federal funds sold and securities purchased under
   agreements to resell.................................
   Federal funds sold in domestic offices ..............            7,094
   Securities purchased under agreements to resell .....           72,512
Loans and lease financing receivables:
   Loans and leases held for sale ......................           17,153
   Loans and leases, net of unearned income ... $161,915
   Less: Allowance for loan and lease losses ..    3,458
   Loans and leases, net of unearned income and
   allowance ...........................................          158,457
Trading Assets .........................................          186,290
Premises and fixed assets (including capitalized leases)            6,177
Other real estate owned ................................               57
Investments in unconsolidated subsidiaries and
   associated companies ................................              326
Customers' liability to this bank on acceptances
   outstanding .........................................              281
Intangible assets
        Goodwill .......................................            2,168
        Other Intangible assets ........................            3,696
Other assets ...........................................           45,403
TOTAL ASSETS ...........................................         $605,071
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                                       -4-



                                                               
                                   LIABILITIES
Deposits
   In domestic offices ..................................         $167,400
   Noninterest-bearing ..................... $ 66,691
   Interest-bearing ........................  100,709
   In foreign offices, Edge and Agreement
   subsidiaries and IBF's ...............................          118,273
  Noninterest-bearing ...................... $  8,445
   Interest-bearing ........................  109,828
Federal funds purchased and securities sold under agree-
ments to repurchase:
   Federal funds purchased in domestic offices ..........            6,317
   Securities sold under agreements to repurchase .......          105,558
Trading liabilities .....................................          126,199
Other borrowed money (includes mortgage indebtedness
   and obligations under capitalized leases) ............           11,025
Bank's liability on acceptances executed and outstanding               304
Subordinated notes and debentures .......................            7,895
Other liabilities .......................................           25,977
TOTAL LIABILITIES .......................................          568,948
Minority Interest in consolidated subsidiaries ..........               91

                                 EQUITY CAPITAL

Perpetual preferred stock and related surplus ...........                0
Common stock ............................................            1,785
Surplus  (exclude all surplus related to preferred stock)           16,304
Retained earnings .......................................           16,560
Accumulated other comprehensive income ..................            1,383
Other equity capital components .........................                0
TOTAL EQUITY CAPITAL ....................................           36,032
                                                                  --------
TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL          $605,071
                                                                  ========


I, Joseph L. Sclafani, E.V.P. & Controller of the above-named bank, do hereby
declare that this Report of Condition has been prepared in conformance with the
instructions issued by the appropriate Federal regulatory authority and is true
to the best of my knowledge and belief.

                        JOSEPH L. SCLAFANI

We, the undersigned directors, attest to the correctness of this Report of
Condition and declare that it has been examined by us, and to the best of our
knowledge and belief has been prepared in conformance with the instructions
issued by the appropriate Federal regulatory authority and is true and correct.

                        WILLIAM B. HARRISON, JR.)
                        HANS W. BECHERER        ) DIRECTORS
                        LAWRENCE A. BOSSIDY     )