Citigroup Embraces 401(k) Day; Salomon Smith Barney Offers Corporate Clients and Participants 401(k) White Papers, Seminars, On-line Asset Allocation and Investment Recommendations.

Business Editors/Personal Finance & Retirement Writers

NEW YORK--(BUSINESS WIRE)--September 5, 2000

The Citigroup family of companies is celebrating 401(k) Day with a wide variety of offerings including white papers, educational seminars, and asset allocation and investment recommendations on retirement plan participant web sites. 401(k) Day is a national effort that promotes the benefits of employer-sponsored retirement plans. Specifically, Citigroup is offering the following information:

-- Citigroup's brokerage unit, Salomon Smith Barney, is offering retirement
plan sponsors the first of a series of Plan Sponsor Briefs, entitled: "What
Pending Legislation Could Mean for Your Retirement Plan." This paper includes a
brief analysis of many of the proposals featured in HR1102, a retirement
package recently passed by the House of Representatives that is currently under
review by the Senate Finance Committee. For a copy of this report, please call
1-800-EARNS IT, ext. 1919.

-- Throughout September and October, Salomon Smith Barney's Financial
Consultants will be hosting educational seminars on a host of retirement
planning issues, including topics such as "How to Maximize Your Retirement
Savings."

-- CitiStreet is working with its corporate clients and five million plan
participants in promoting 401(k) Day by providing educational material,
brochures and on-line information. Jointly owned (50/50) by State Street and
Citigroup, CitiStreet provides administrative, outsourcing, investment
management, employee communication and education, one-on-one counseling and
investment advisory services to the employee benefit plans of corporate,
governmental, healthcare and not-for-profit organizations.

-- Salomon Smith Barney's Participant Investment Planner, a proprietary program
that offers personalized asset allocation and investment recommendations to
retirement plan participants, is now being offered online.

-- Also, Travelers Life & Annuity has just released a new publication
newsletter entitled 401(k) Alert! A monthly publication, 401(k) Alert! provides
educational information on new and critical issues concerning retirement
benefits. 401(k) Day will be observed by hundreds of new participants enrolling
into their company's 401(k) Plan using Travelers "Red Umbrella" multi
investment platform! For more information, visit the website at
www.travelersla.com.

"Our clients often cite providing their employees with retirement planning information and planning tools as a top priority," said Lynne Shapiro, Director of Salomon Smith Barney's Corporate Retirement Services. "Through our Participant Investment Planner and educational seminars and newsletters, Salomon Smith Barney and CitiStreet are focusing on helping plan participants take advantage of the regular, disciplined approach to investing offered by 401(k) plans."

As the second-largest defined contribution plan recordkeeper and one of the nation's largest global benefits providers, CitiStreet administers approximately $200 billion in assets and services more than five million plan participants.

For more information on 401(k) Day, access the Profit Sharing/401(k) Council of America's website at www.psca.org.

SSB Citi Asset Management Group (SSB Citi) is comprised of the substantial resources that are available through its primary asset management business platforms: Salomon Brothers Asset Management, Smith Barney Asset Management, a division of Salomon Smith Barney Inc., and Citibank Global Asset Management. The SSB Citi Asset Management Group companies offer institutional, high net worth and retail clients a broad range of investment disciplines from global investment centers around the world. Products and services offered include mutual funds, closed-end funds, separately managed accounts, unit investment trusts and variable annuities (through affiliated and third party insurance companies). Aggregate assets under management totaled $389 billion, as of June 30, 2000.

Citigroup (NYSE: C), the most global financial services company, provides some 100 million consumers, corporations, governments and institutions in 100 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citicorp and Travelers Group brought together such brand names as Citibank, Travelers, Salomon Smith Barney, Commercial Credit (now named CitiFinancial), and Primerica under Citigroup's trademark red umbrella. Additional information may be found at www.citigroup.com.

SalomonSmithBarney is a service mark of Salomon Smith Barney Inc. Member SIPC.