Independent Accountant's Report
                         -------------------------------


Citibank Credit Card Master Trust I
c/o Bankers Trust Company, as Trustee

Citibank (South Dakota), N.A., as Servicer

We have  examined the  accompanying  assertion  made by  management  on Citibank
(South Dakota),  N.A.'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 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  May  29,  1991,  including  the
supplements  for each series  issued from the Trust,  among CBSD,  as Seller and
Servicer,  Citibank (Nevada), National Association, as Seller, and Bankers Trust
Company, as Successor to Yasuda Bank and Trust Company (U.S.A.), as Trustee (the
"Agreement") for the year ended December 31, 1998. Management is responsible for
CBSD's  compliance  with  the  aforementioned  sections  of the  Agreement.  Our
responsibility  is to express an opinion on management's  assertion about CBSD's
compliance based upon our examination.

Our  examination  was  made in  accordance  with  standards  established  by the
American  Institute of Certified Public Accountants and,  accordingly,  included
examining,   on  a  test  basis,  evidence  about  CBSD's  compliance  with  the
aforementioned sections of the Agreement and performing such other procedures as
we considered  necessary in the  circumstances.  We believe that our examination
provides a reasonable basis for our opinion.  Our examination does not provide a
legal determination on CBSD's compliance with those sections.

In our opinion,  management's  assertion  that CBSD was materially in compliance
with the  aforementioned  sections of the Agreement for the year ended  December
31, 1998 is fairly stated, in all material respects.


/s/ KPMG LLP

New York, New York
March 19, 1999


<PAGE>


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


Management  of  Citibank  (South  Dakota),   N.A.  ("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 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 May 29, 1991,  including the  supplements  for each series issued from the
Trust,  among  CBSD,  as  Seller  and  Servicer,   Citibank  (Nevada),  National
Association,  as Seller,  and Bankers  Trust Company as Successor to Yasuda Bank
and Trust Company (U.S.A.), as Trustee (the "Agreement").

Management   has  performed  an  evaluation  of  CBSD's   compliance   with  the
aforementioned  sections of the Agreement for the year ended  December 31, 1998.
Based  upon  this  evaluation,  management  believes  that,  for the year  ended
December 31, 1998,  CBSD, as Servicer,  was  materially  in compliance  with the
aforementioned sections of the Agreement.


/s/ Thomas W. Jones
-------------------
Thomas W. Jones
President and CEO


March 19, 1999


<PAGE>


                         Independent Accountant's Report
                         -------------------------------


Citibank Credit Card Master Trust I
c/o Bankers Trust Company, as Trustee

Citibank (South Dakota), N.A., as Servicer

We have  examined the  accompanying  assertion  made by  management  on Citibank
(South  Dakota),  N.A.'s  ("CBSD")  compliance,  as Servicer,  with Article III,
Section 3.04 (b) of the 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 May 29, 1991,  including the  supplements  for each
series  issued from the Trust,  among  CBSD,  as Seller and  Servicer,  Citibank
(Nevada),  National  Association,  as Seller,  and  Bankers  Trust  Company,  as
Successor  to  Yasuda  Bank  and  Trust  Company   (U.S.A.),   as  Trustee  (the
"Agreement") for the year ended December 31, 1998. Management is responsible for
CBSD's  compliance  with Article III,  Section  3.04 (b) of the  Agreement.  Our
responsibility  is to express an opinion on management's  assertion about CBSD's
compliance based upon our examination.

Our  examination  was  made in  accordance  with  standards  established  by the
American  Institute of Certified Public Accountants and,  accordingly,  included
examining,   on  a  test  basis,  evidence  about  CBSD's  compliance  with  the
aforementioned  provision of the Agreement and performing such other  procedures
as we considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion.  Our examination does not provide a
legal determination on CBSD's compliance with that provision.

In our opinion,  management's  assertion  that CBSD was materially in compliance
with Article III,  Section 3.04 (b) of the Agreement for the year ended December
31, 1998 is fairly stated, in all material respects.


/s/ KPMG LLP

New York, New York
March 19, 1999


<PAGE>


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


Management of Citibank (South Dakota), N.A.("CBSD"), as Servicer, is responsible
for the  preparation of the Monthly  Servicer  Certificates  in compliance  with
Article III,  Section 3.04 (b) of the 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  May  29,  1991,  including  the
supplements  for each series  issued from the Trust,  among CBSD,  as Seller and
Servicer,  Citibank (Nevada), National Association, as Seller, and Bankers Trust
Company as Successor to Yasuda Bank and Trust Company (U.S.A.),  as Trustee (the
"Agreement").

Management  has performed an evaluation of CBSD's  compliance  with Article III,
Section 3.04 (b) of the  Agreement for the year ended  December 31, 1998.  Based
upon this evaluation,  management believes that, for the year ended December 31,
1998, CBSD, as Servicer,  was materially in compliance with Article III, Section
3.04 (b) of the Agreement.


/s/ Thomas W. Jones
-------------------
Thomas W. Jones
President and CEO


March 19, 1999