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                       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)     February 27, 2006
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                                 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)


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:

[ ]   Written communications pursuant to Rule 425 under the Securities Act

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act

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

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

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                                 CITIGROUP INC.
                           Current Report on Form 8-K

Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

      Exhibits:



      Exhibit No.       Description
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         1.01           Terms Agreement, dated February 22, 2006, among
                        Citigroup Funding Inc., Citigroup Inc., as guarantor,
                        and Citigroup Global Markets Inc., as the underwriter,
                        relating to the offer and sale of Citigroup Funding
                        Inc.'s Principal-Protected Equity Linked Notes Based
                        Upon the Dow Jones Industrial Average(SM) with Potential
                        Supplemental Interest at Maturity Due January 25, 2010

         4.01           Form of Note for Citigroup Funding Inc.'s
                        Principal-Protected Equity Linked Notes Based Upon the
                        Dow Jones Industrial Average(SM) with Potential
                        Supplemental Interest at Maturity Due January 25, 2010.


                                    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:  February 27, 2006                      CITIGROUP INC.



                                        By: /s/ Charles E. Wainhouse
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                                            Name:   Charles E. Wainhouse
                                            Title:  Assistant Treasurer