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) April 30, 2003

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

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

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

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



                                 CITIGROUP INC.
                           Current Report on Form 8-K

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

         Exhibits:

         Exhibit No.       Description

         1.01              Terms Agreement, dated April 30, 2003, among the
                           Company and the underwriters named therein, relating
                           to the offer and sale of the Company's 4.875%
                           Subordinated Notes due May 7, 2015.

         4.01              Form of Note for the Company's 4.875% Subordinated
                           Notes due May 7, 2015.

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                                    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 7, 2003                           CITIGROUP INC.

                                             By: /s/ Charles E. Wainhouse
                                                 --------------------------
                                                 Charles E. Wainhouse
                                                 Assistant Treasurer

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