EXHIBIT 24 

                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:   February 15, 1996.

                                                     /s/ John S. Reed
                                                --------------------------------
                                                  Name:  John S. Reed
                                                  Title: Chairman  and Director

<PAGE>


                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:      February 15, 1996.


                                                 /s/ Paul J. Collins
                                               --------------------------------
                                               Name: Paul J. Collins
                                               Title: Vice Chairman and Director

<PAGE>


                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE AND MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
       any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:   February 15, 1996.

                                                   /s/ D. Wayne Calloway
                                                --------------------------------
                                                 Name: D. Wayne Calloway
                                                 Title: Director

<PAGE>


                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:   February 15, 1996.

                                                  /s/ Colby H. Chandler
                                                --------------------------------
                                                Name: Colby H. Chandler
                                                Title: Director

<PAGE>


                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:   February 15, 1996.

                                                  /s/ Pei-yuan Chia
                                                --------------------------------
                                                Name: Pei-yuan Chia
                                                Title:Vice Chairman and Director

<PAGE>


                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:   February 15, 1996.

                                                  /s/ Kenneth T. Derr
                                                --------------------------------
                                                Name: Kenneth T. Derr
                                                Title: Director

<PAGE>


                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:   February 15, 1996.

                                                  /s/ H. J. Haynes
                                                --------------------------------
                                                Name: H. J. Haynes
                                                Title: Director

<PAGE>


                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:  February 15, 1996.

                                                 /s/ William R. Rhodes
                                               --------------------------------
                                               Name: William R. Rhodes
                                               Title: Vice Chairman and Director

<PAGE>


                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS her true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in her  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set her hand.


Dated:   February 15, 1996.

                                                  /s/ Rozanne L. Ridgway
                                                --------------------------------
                                                Name: Rozanne L. Ridgway
                                                Title: Director

<PAGE>


                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:   February 15, 1996.

                                                 /s/ H. Onno Ruding
                                               --------------------------------
                                               Name: H. Onno Ruding
                                               Title: Vice Chairman and Director

<PAGE>


                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof.

Remember to re-insert the following language which was removed from the standard
form of power of attorney as 1994 was Shapiro's first year on the Board; and

          HEREBY revokes all prior powers of attorney relating to the foregoing
acts.


          IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:    February 15, 1996.

                                                  /s/ Robert B. Shapiro
                                                --------------------------------
                                                Title: Director

<PAGE>


                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:   February 15, 1996.

                                                  /s/ Frank A. Shrontz
                                                --------------------------------
                                                Name: Frank A. Shrontz
                                                Title: Director

<PAGE>
                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:   February 15, 1996.

                                                   /s/Roger B. Smith
                                                --------------------------------
                                                Name: Roger B. Smith
                                                Title: Director

<PAGE>


                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:   February 15, 1996.

                                                   /s/Franklin A. Thomas
                                                --------------------------------
                                                Name: Franklin A. Thomas
                                                Title: Director

<PAGE>


                               POWER OF ATTORNEY

         KNOW ALL  PERSONS  BY THESE  PRESENTS,  that the  undersigned  Director
and/or Officer of CITICORP,  a Delaware  corporation,  and/or CITIBANK,  N.A., a
national  association  hereby constitutes and appoints each of GREGORY C. EHLKE,
PETER M. GALLANT, ROBERT N. LAUGHLIN, MICHAEL T. NUGENT, JOHN F. RICE and MARTIN
A. WATERS his true and lawful  attorney and agent,  in the name and on behalf of
the  undersigned,  to do any and all  acts and  things  in  connection  with the
registration  statement dated the date hereof (the "Registration  Statement") to
be filed with the United States Securities and Exchange Commission or the Office
of the Comptroller of the Currency, including specifically, but without limiting
the  generality  of the  foregoing,  the  power and  authority  to  execute  the
Registration  Statement  in the  name  of the  undersigned  in his  capacity  as
Director  and/or  Officer  of  Citicorp  and/or  Citibank,  N.A.,  any  and  all
amendments,  including post-effective amendments, to the Registration Statement,
any and all documents and instruments filed as part of or in connection with the
Registration  Statement  or  amendments  thereto,  any  and  all  documents  and
instruments which the said attorney and agent may deem necessary or advisable to
enable Citicorp and/or Citibank, N.A. to comply with the Securities Act of 1933,
as amended,  the Securities Exchange Act of 1934, as amended,  and any rules and
regulations  and  requirements  of the United  States  Securities  and  Exchange
Commission in respect  thereof,  or with any rules and regulations of the Office
of the  Comptroller of the Currency,  and any and all documents and  instruments
which the said  attorney  and agent may deem  necessary  or  advisable to enable
Citicorp  and/or  Citibank,  N.A. to comply with the securities or other similar
laws of  jurisdictions  outside  of the  United  States of  America  in  respect
thereof; and

         HEREBY RATIFIES AND CONFIRMS all that the said attorneys and agents, or
any of them, has done, shall do or cause to be done by virtue hereof; and

         HEREBY  REVOKES all prior powers of attorney  relating to the foregoing
acts.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand.


Dated:   February 15, 1996.

                                                  /s/ Edgar S. Woolard, Jr.
                                                --------------------------------
                                                Name: Edgar S. Woolard, Jr.
                                                Title: Director