EXHIBIT 99.1


                        Independent Accountants' Report
                        -------------------------------

Citibank Credit Card Master Trust I
c/o Deutsche Bank Trust Company Americas (formerly Bankers Trust Company),
as Trustee

Citibank (South Dakota), National Association, as Servicer

We have examined the accompanying assertion made by management on Citibank
(South Dakota), National Association's ("CBSD") compliance, as Servicer, with
the servicing requirements in Article III, Sections 3.01, 3.02, 3.04, 3.05,
3.06, and 3.09, Article IV, and Section 8.08 of the Amended and Restated Pooling
and Servicing Agreement for the Citibank Credit Card Master Trust I, formerly
known as the Standard Credit Card Master Trust I (the "Trust"), dated as of
October 5, 2001 (filed with the Securities and Exchange Commission on Form 8-K
on October 19, 2001) and amended as of December 31, 2003, including the
supplements for each series issued from the Trust, among CBSD, as Seller and
Servicer, Citibank (Nevada), National Association, as Seller, and Deutsche Bank
Trust Company Americas (formerly Bankers Trust Company), as Trustee (the
"Agreement") for the year ended December 31, 2003. Management is responsible for
CBSD's compliance with the aforementioned sections of the Agreement. Our
responsibility is to express an opinion based on our examination.

Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.

In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based upon the stated criteria in the Agreement.



/s/ KPMG LLP

New York, New York
March 22, 2004


<PAGE>

      Management Report on Citibank (South Dakota), National Association's
                  Compliance, as Servicer, with the Servicing
              Requirements of the Pooling and Servicing Agreement
               --------------------------------------------------

Management of Citibank (South Dakota), National Association ("CBSD"), as
Servicer, is responsible for compliance with the servicing requirements in
Article III, Sections 3.01, 3.02, 3.04, 3.05, 3.06, and 3.09, Article IV, and
Section 8.08 of the Amended and Restated Pooling and Servicing Agreement (the
"Agreement") for the Citibank Credit Card Master Trust I, formerly known as the
Standard Credit Card Master Trust I (the "Trust"), dated as of October 5, 2001
and amended as of December 31, 2003, including the supplements for each series
issued from the Trust, among CBSD, as Seller and Servicer, Citibank (Nevada),
National Association, as Seller, and Deutsche Bank Trust Company Americas
(formerly Bankers Trust Company), as Trustee.

Management has performed an evaluation of CBSD's compliance with the
aforementioned sections of the Agreement for the year ended December 31, 2003.
Based upon this evaluation, management believes that, for the year ended
December 31, 2003, CBSD, as Servicer, was materially in compliance with the
aforementioned sections of the Agreement.



/s/ Kendall Stork
-----------------------
Kendall Stork
President


March 22, 2004


<PAGE>

                        Independent Accountants' Report
                        -------------------------------

Citibank Credit Card Master Trust I
c/o Deutsche Bank Trust Company Americas (formerly Bankers Trust Company),
as Trustee

Citibank (South Dakota), National Association, as Servicer

We have examined the accompanying assertion made by management on Citibank
(South Dakota), National Association's ("CBSD") compliance, as Servicer, with
Article III, Section 3.04 (b) of the Amended and Restated Pooling and Servicing
Agreement, for the Citibank Credit Card Master Trust I, formerly known as the
Standard Credit Card Master Trust I (the "Trust"), dated as of October 5, 2001
(filed with the Securities and Exchange Commission on Form 8-K on October 19,
2001) and amended as of December 31, 2003, including the supplements for each
series issued from the Trust, among CBSD, as Seller and Servicer, Citibank
(Nevada), National Association, as Seller, and Deutsche Bank Trust Company
Americas (formerly Bankers Trust Company), as Trustee (the "Agreement") for the
year ended December 31, 2003. Management is responsible for CBSD's compliance
with Article III, Section 3.04 (b) of the Agreement, including the accuracy of
the mathematical calculations of each amount set forth in the Monthly Servicer
Certificates, delivered pursuant to Section 3.04 (b), using CBSD's computer
reports which were the source of such amounts. Our responsibility is to express
an opinion based on our examination.

Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence supporting
management's assertion and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion.

In our opinion, management's assertion referred to above is fairly stated, in
all material respects, based upon the stated criteria in the Agreement.



/s/ KPMG LLP

New York, New York
March 22, 2004


<PAGE>

      Management Report on Citibank (South Dakota), National Association's
                   Compliance, as Servicer, with Article III,
            Section 3.04 (b) of the Pooling and Servicing Agreement
            -------------------------------------------------------

Management of Citibank (South Dakota), National Association ("CBSD"), as
Servicer, is responsible for the preparation of the Monthly Servicer
Certificates in compliance with Article III, Section 3.04 (b) of the Amended and
Restated Pooling and Servicing Agreement for the Citibank Credit Card Master
Trust I, formerly known as the Standard Credit Card Master Trust I (the
"Trust"), dated as of October 5, 2001 and amended as of December 31, 2003,
including the supplements for each series issued from the Trust, among CBSD, as
Seller and Servicer, Citibank (Nevada), National Association, as Seller, and
Deutsche Bank Trust Company Americas (formerly Bankers Trust Company), as
Trustee (the "Agreement"). Management is also responsible for the accuracy of
the mathematical calculations of each amount set forth in the Monthly Servicer
Certificates, delivered pursuant to Section 3.04 (b), using CBSD's computer
reports which were the source of such amounts.

Management has performed an evaluation of CBSD's compliance with Article III,
Section 3.04 (b) of the Agreement, including the accuracy of the related
mathematical calculations, for the year ended December 31, 2003. Based upon this
evaluation, management believes that, for the year ended December 31, 2003,
CBSD, as Servicer, was materially in compliance with Article III, Section 3.04
(b) of the Agreement.




/s/ Kendall Stork
-----------------------------
Kendall Stork
President


March 22, 2004