Citigroup Smith Barney Affluent Investor Poll June 2006; Economic Climate, Executive Compensation and Financial Advice for New College Graduates; Conducted by Greenwald & Associates and Synovate.

NEW YORK -- Citigroup Smith Barney has announced the results of its latest monthly poll of affluent investors. The poll was conducted with investors who have at least $100,000 in financial assets (excluding real estate and employer retirement plans), a definition that describes approximately 25% of all U.S. households. Investors with $1 million or more represent 46% of the interviews.

All results are specifically from those investors interviewed for the Citigroup Smith Barney Affluent Investor Poll between May 1 and May 15. The poll does not reflect Citigroup Smith Barney predictions or recommendations.

Investor Poll Highlights

Affluent investors in the latest Citigroup Smith Barney Affluent Investor Poll were asked about their outlook for the current and future economic climate, trends in their personal finances, their views on executive compensation and financial advice for new college graduates.

--While the majority of affluent investors are optimistic regarding the country's current and future investment climate, there has been a steady increase since April in pessimistic outlook for both current and future investment conditions with approximately one in four being pessimistic.

--Investment portfolios continue to grow. Most affluent investors say they are getting along better financially today compared to 12 months ago, which is up 4% from last month's results and at its highest point for the year.

--Most affluent investors, even those who hold executive positions, agree that compensation packages received by top corporate executives are too high. Many also believe that companies do a poor job of disclosing the compensation, benefits, and perks received by their top executives.

--Few are familiar with current SEC regulations regarding executive compensation disclosures. Nevertheless, affluent investors frequently agree that the government is not doing enough to regulate these high compensation packages.

--Investors agree that excessive executive compensation hurts the overall profitability of a company. However, only a small number do any research on the company's executive compensation prior to investing in the company.

--When asked what financial advice they would give to new college graduates these affluent investors suggest that the first actions they would recommend to graduates would be to pay down their credit card debt and max out a company sponsored 401(k) plan: paying off credit card debt being mentioned twice as frequently as maxing out a 401(k) plan.

--Roughly half of these affluent investors report that they started saving for retirement too late in life. In light of this, these investors emphatically stress that college graduates now entering the job market should be maxing out their investments in a 401(k) retirement plan and/or contributing to an IRA.

--The majority of affluent investors believe today's graduates, when evaluating first job alternatives, are seeking and placing a priority on high salaries and bonuses. They suggest that these new graduates should be putting more priority on jobs that offer growth opportunity, positive work environment and good benefits.

--The three most important sources of financial knowledge that affluent investors say they learned from for finances and investing are: their own reading, a financial professional and their parents. The investment industry does not seem to get introductions to investors' children as frequently as other financial professional such as financial planner, insurance agent or accountant.

Background and Methodology

Greenwald & Associates and Synovate conducted the Citigroup Smith Barney Affluent Investor Poll May 1 and May 15. Interviewing was conducted online with 583 investors who are members of the Synovate Consumer Opinion Panel. In order to qualify for participation, panel members had to have at least $100,000 in financial assets (excluding real estate and employer retirement plans), a definition that describes approximately one-quarter of all U.S. households. Survey results include 161 interviews with households that have $100,000 to $499,999 in savings and investments, 151 interviews with those in the $500,000 to $999,999 asset range, and 271 interviews with investors who have $1 million or more. Survey results have been weighted by age and asset level to reflect national population norms. The results of the Citigroup Smith Barney Investor Poll have a maximum margin of sampling error (at the 95% confidence level) of plus or minus four percentage points.

(C) 2006 Citigroup Global Markets, Inc. Member SIPC, Smith Barney is a division and service mark of Citigroup Global Markets, Inc. and its affiliates and is used and registered throughout the world. CITIGROUP and the Umbrella Device are trademarks and service marks of Citigroup, Inc. or its affiliates and are used and registered throughout the world.

Mathew Greenwald & Associates, Inc. is a leading full service public opinion and market research firm that has been conducting customized research for our clients for over 20 years. Specializing in serving the research needs of financial services organizations; Greenwald & Associates has earned a reputation for extensive research knowledge, industry expertise, and commitment to serving the needs of our clients. For more information about Mathew Greenwald & Associates, call [phone] or visit www.greenwaldresearch.com.

Synovate, the market research arm of Aegis Group plc, generates consumer insights that drive competitive marketing solutions. The network provides clients with cohesive global support and a comprehensive suite of research solutions. Synovate employs over 5,000 staff in 107 offices across 50 countries. More information on Synovate can be found at www.synovate.com or call [phone].