Citibank Credit Card Issuance Trust Cl 2000- A3 Nts Rtd `AAA' By Fitch.

Business Editors

NEW YORK--(BUSINES WIRE)--Nov. 28, 2000

Citibank Credit Card Issuance Trust's (CCCIT) $750 million 6.875% class 2000-A3 notes of Nov. 2007 are rated `AAA' by Fitch. The rating assigned addresses the transaction's ability to make timely payment of interest and ultimate payment of principal by the legal maturity date. The notes issued by CCCIT are secured by a collateral certificate issued by Citibank Credit Card Master Trust I (CCIMTI), as well as certain trust accounts held by the indenture trustee and any applicable derivative agreements. The collateral certificate represents an undivided interest in the assets of CCIMTI. CCIMTI consists of receivables generated from Visa and MasterCard credit card accounts originated by Citibank (Nevada) and Citibank (South Dakota).

The rating reflects the credit quality of the collateral certificate, which is based on the quality of the receivables that make up CCIMTI, the 12.25% required subordinated amount, the servicing expertise of Citibank (South Dakota), and the transaction's sound legal and financial structures. Unless an event of default or early redemption event occurs, investors will receive semi-annually interest payments based on a coupon rate of 6.875%, on each May and Nov. 15, beginning May 15, 2001. The class 2000-A3 notes of Nov. 2007 have a legal maturity date of Nov. 16, 2009. The notes are part of the Citiseries subclass of notes in CCCIT, which is a multiple issuance series. As of the issuance date of the class 2000-A3 notes, the total invested amount of notes of the Citiseries will be $5.8 billion, consisting of $4.5 billion in class A notes (including 2000-A3 notes), $500 million in class B notes, and $800 million in class C notes.

CCCIT is a Delaware statutory business trust that has been structured to allow maximum flexibility in issuance, as well as The Employee Retirement Income Security Act of 1974 (ERISA) eligibility for all classes of notes. The innovative structure utilized by CCCIT allows for the sale of a single issuance series, which is a typical credit card A/B/C structure, as well as a multiple issuance series. In a single issuance series, the class A, class B and class C notes are issued concurrently and have similar maturities, with the subordinate classes of that series supporting the senior classes. A multiple issuance series also consists of class A, class B and class C notes, with subclasses that may be offered independently and have differing terms, issuance dates and maturities. All of the subclasses of subordinated notes in a multiple issuance series support the senior classes of that series. Although notes of a multiple issuance series can be offered on any date, senior notes may only be offered to the extent the required subordinate amount is outstanding at that time, without regard to the expected maturity of the subordinated notes.

CCCIT contains standard early redemption events designed to protect investors from deteriorating collateral performance, as well as standard events of default. If an early redemption event or event of default occurs investors will receive principal on an accelerated schedule, with senior notes receiving principal payments first.

For a more detailed description of CCCIT please see Fitch's press release dated Sept. 18, 2000, and for historical trust performance on Citibank Credit Card Master Trust I please refer to Fitch's Asset-Backed Surveillance, both available on www.fitchratings.com.