Exhibit 99(a)(2)


                          Independent Auditors' Report



The Board of Directors
Citicorp Mortgage, Inc.
12855 North Outer Forty Drive
St. Louis, Missouri 63141

Bank One Trust Company, NA
1080 Oliver Road
Monroe, Louisiana 71201

Citibank, N.A.
399 Park Avenue
New York, New York 10043

We have audited the consolidated financial statements of Citicorp Mortgage, Inc.
(an indirect wholly owned subsidiary of Citigroup) and subsidiaries (the
Company) as of and for the year ended December 31, 1998, and have issued our
report thereon dated March 2, 1999. We conducted our audit in accordance with
generally accepted auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.

In connection with our audit, we noted no instances of noncompliance that are
required to be reported herein under the requirements applicable to HUD-approved
Title II non-supervised mortgagees and loan correspondents, as specified in the
Consolidated Audit Guide for Audits of HUD Programs (the Guide), issued by the
U.S. Department of Housing and Urban Development, Office of the Inspector
General in August 1997 insofar as they relate to accounting matters related to
the Mortgage Pass-Thru Certificates referred to in Exhibit I. However, our audit
was not directed primarily toward obtaining knowledge of such noncompliance.

This report is intended for the information and use of the Board of Directors,
management of the Company and Bankers Trust Company and is not intended to be
and should not be used by anyone other than those specified parties.


                                                  /s/ KPMG LLP
                                                  ------------

March 2, 1999

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                                                                      Exhibit I

                     CITICORP MORTGAGE INC. AND SUBSIDIARIES
               (An Indirect Wholly Owned Subsidiary of Citigroup)
                       Mortgage Pass-Through Certificates
                                December 31, 1998

Citicorp Homeowners, Inc.                                       Series 1987-2

Citibank, N.A.                                             Series 1983-B
Citibank, N.A.                                             Series 1985-A
Citibank, N.A.                                             Series 1985-K
Citibank, N.A.                                             Series 1986-C
Citibank, N.A.                                             Series 1986-J
Citibank, N.A.                                             Series 1986-P
Citibank, N.A.                                             Series 1986-R
Citibank, N.A.                                             Series 1986-S
Citibank, N.A.                                             Series 1987-A
Citibank, N.A.                                             Series 1987-B
Citibank, N.A.                                             Series 1987-C
Citibank, N.A.                                             Series 1987-D
Citibank, N.A.                                             Series 1987-E
Citibank, N.A.                                             Series 1987-F
Citibank, N.A.                                             Series 1989 Co/op

Citicorp Mortgage Securities, Inc.                              Series 1987-1
Citicorp Mortgage Securities, Inc.                              Series 1987-2
Citicorp Mortgage Securities, Inc.                              Series 1987-3
Citicorp Mortgage Securities, Inc.                              Series 1987-4
Citicorp Mortgage Securities, Inc.                              Series 1987-5
Citicorp Mortgage Securities, Inc.                              Series 1987-9
Citicorp Mortgage Securities, Inc.                              Series 1987-10

Citicorp Mortgage Securities, Inc.
          Citibank, N.A.                                   Series 1987-13A

Citicorp Mortgage Securities, Inc.                              Series 1987-14

Citicorp Mortgage Securities, Inc.                              Series 1987-17

Citicorp Mortgage Securities, Inc.
     Citibank, N.A.                                        Series 1987-18A
     Citicorp Mortgage, Inc.                                    Series 1987-18B


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Citicorp Mortgage Securities, Inc.
     Citibank, N.A.                                        Series 1987-20A

Citicorp Mortgage Securities Inc.
     Citicorp Mortgage, Inc.                                    Series 1988-1A

Citicorp Mortgage Securities, Inc.                              Series 1988-3

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1988-5A
     Citibank, N.A.                                        Series 1988-5B
     Citicorp Savings of Florida, A Federal S&L Assoc.          Series 1988-5C

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1988-6A
     Citibank, N.A.                                        Series 1988-6B

Citicorp Mortgage Securities, Inc.                              Series 1988-8

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1988-9A
     Citibank, N.A.                                        Series 1988-9B

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1988-10A
     Citibank, N.A.                                        Series 1988-10B
     Citicorp Savings of Florida, A Federal S&L Assoc.          Series 1988-10C

Citicorp Mortgage Securities, Inc.                              Series 1988-11

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1988-13A
     Citibank, N.A.                                        Series 1988-13B
     Citicorp Savings of Illinois, A Federal S&L Assoc.         Series 1988-13C

Citicorp Mortgage Securities, Inc.                              Series 1988-15

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                               Series 1988-16A
     Citibank, N.A.                                             Series 1988-16B
     Citicorp Savings of Florida, A Federal S&L Assoc.          Series 1988-16C

Citicorp Mortgage Securities, Inc.                         Series 1988-17


<PAGE>


Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1988-18A
     Citibank, N.A.                                        Series 1988-18B

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1988-19A
     Citibank, N.A.                                        Series 1988-19B
     Citicorp Savings of Florida, A Federal S&L Assoc.          Series 1988-19C

Citicorp Mortgage Securities, Inc.                              Series 1988-20

Citicorp Mortgage Securities, Inc.                              Series 1989-1

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1989-2A
     Citibank, N.A.                                        Series 1989-2B
     Citicorp Savings of Illinois, A Federal S&L Assoc.         Series 1989-2C


Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1989-4A
     Citibank, N.A.                                        Series 1989-4B

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1989-5A
     Citibank, N.A.                                        Series 1989-5B

Citicorp Mortgage Securities, Inc.                              Series 1989-6

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1989-8A
     Citibank, N.A.                                        Series 1989-8B

Citicorp Mortgage Securities, Inc.                              Series 1989-9

Citicorp Mortgage Securities, Inc.                              Series 1989-12

Citicorp Mortgage Securities, Inc.                              Series 1989-13

Citicorp Mortgage Securities,Inc.                               Series 1989-16

Citicorp Mortgage Securities, Inc.                              Series 1989-17


<PAGE>


Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1989-A1
     Citibank, N.A.                                        Series 1989-A2
     Citicorp Savings of Florida, A Federal S&L Assoc.          Series 1989-A3
     Citicorp Savings of Illinois, A Federal S&L Assoc.         Series 1989-A4

Citicorp Mortgage Securities, Inc.                              Series 1989-19

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1989-C1
     Citibank, N.A.                                        Series 1989-C2
     Citicorp Savings of Illinois, A Federal S&L Assoc.         Series 1989-C3
     Citicorp Savings of California, A Federal S&L Assoc.       Series 1989-C4


Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1989-D1
     Citibank, N.A.                                        Series 1989-D2
     Citicorp Savings of California, A Federal S&L Assoc.       Series 1989-D3

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1990-5A
     Citibank, N.A.                                        Series 1990-5B
     Citibank, Federal Savings Bank                        Series 1990-5C

Citibank Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1990-7A
     Citibank, N.A.                                        Series 1990-7B
     Citibank, Federal Savings Bank                        Series 1990-7C
     Citibank, Federal Savings Bank                        Series 1990-7D

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1990-8A
     Citibank, N.A.                                        Series 1990-8B
     Citibank, Federal Savings Bank                        Series 1990-8C
     Citibank, Federal Savings Bank                        Series 1990-8D

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1990-9A
     Citibank, N.A.                                        Series 1990-9B
     Citibank, Federal Savings Bank                        Series 1990-9C
     Citibank, Federal Savings Bank                        Series 1990-9D

Citicorp Mortgage Securities, Inc.


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     Citicorp Mortgage, Inc.                                    Series 1990-11A
     Citibank, N.A.                                        Series 1990-11B
     Citibank, Federal Savings Bank                        Series 1990-11C
     Citibank, Federal Savings Bank                        Series 1990-11D
     Citibank, Federal Savings Bank                        Series 1990-11E

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1990-12A
     Citibank, N.A.                                        Series 1990-12B
     Citibank, Federal Savings Bank                        Series 1990-12C

Citicorp Mortgage Securities, Inc.                              Series 1990-14
Citicorp Mortgage Securities, Inc.                              Series 1990-16
Citicorp Mortgage Securities, Inc.                              Series 1990-17
Citicorp Mortgage Securities, Inc.                              Series 1990-18
Citicorp Mortgage Securities, Inc.                              Series 1990-19

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1990-A1
     Citibank, N.A.                                        Series 1990-A2
     Citicorp Savings of California, A Federal S&L Assoc.       Series 1990-A3

Citicorp Mortgage Securities, Inc.
     Citicorp Mortgage, Inc.                                    Series 1990-B1
     Citibank, N.A.                                        Series 1990-B2
     Citibank, Federal Savings Bank                        Series 1990-B3

Citicorp Mortgage Securities, Inc.                              Series 1990-D

Citicorp Mortgage Trust III
     Citicorp Mortgage, Inc.                                    Series 1990-IIIA
     Citibank, N.A.                                        Series 1990-IIIB
     Citicorp Savings of California, A Federal S&L Assoc.       Series 1990-IIIC

Citicorp Mortgage Trust IV
     Citicorp Mortgage, Inc.                                    Series 1990-IVA
     Citibank, N.A.                                        Series 1990-IVB
     Citibank, Federal Savings Bank                        Series 1990-IVC
     Citibank, Federal Savings Bank                        Series 1990-IVD
     Citibank, Federal Savings Bank                        Series 1990-IVE

Citicorp Mortgage Securities, Inc.                              Series 1991-1
Citicorp Mortgage Securities, Inc.                              Series 1991-2
Citicorp Mortgage Securities, Inc.                              Series 1991-3
Citicorp Mortgage Securities, Inc.                              Series 1991-4
Citicorp Mortgage Securities, Inc.                              Series 1991-5


<PAGE>


Citicorp Mortgage Securities, Inc.                              Series 1991-6
Citicorp Mortgage Securities, Inc.                              Series 1991-7
Citicorp Mortgage Securities, Inc.                              Series 1991-8
Citicorp Mortgage Securities, Inc.                              Series 1991-9
Citicorp Mortgage Securities, Inc.                              Series 1991-11
Citicorp Mortgage Securities, Inc.                              Series 1991-13
Citicorp Mortgage Securities, Inc.                              Series 1991-14
Citicorp Mortgage Securities, Inc.                              Series 1991-15
Citicorp Mortgage Securities, Inc.                              Series 1991-16
Citicorp Mortgage Securities, Inc.                              Series 1991-17
Citicorp Mortgage Securities, Inc.                              Series 1991-18

Citicorp Mortgage Securities, Inc.                              Series 1991-A

Citicorp Mortgage Securities, Inc.                              Series 1992-1
Citicorp Mortgage Securities, Inc.                              Series 1992-2
Citicorp Mortgage Securities, Inc.                              Series 1992-3
Citicorp Mortgage Securities, Inc.                              Series 1992-4
Citicorp Mortgage Securities, Inc.                              Series 1992-5
Citicorp Mortgage Securities, Inc.                              Series 1992-7
Citicorp Mortgage Securities, Inc.                              Series 1992-8
Citicorp Mortgage Securities, Inc.                              Series 1992-9
Citicorp Mortgage Securities, Inc.                              Series 1992-10
Citicorp Mortgage Securities, Inc.                              Series 1992-11
Citicorp Mortgage Securities, Inc.                              Series 1992-12
Citicorp Mortgage Securities, Inc.                              Series 1992-13
Citicorp Mortgage Securities, Inc.                              Series 1992-14
Citicorp Mortgage Securities, Inc.                              Series 1992-15
Citicorp Mortgage Securities, Inc.                              Series 1992-16
Citicorp Mortgage Securities, Inc.                              Series 1992-17
Citicorp Mortgage Securities, Inc.                              Series 1992-18
Citicorp Mortgage Securities, Inc.                              Series 1992-19
Citicorp Mortgage Securities, Inc.                              Series 1992-20

Citicorp Mortgage Securities, Inc.                              Series 1993-1
Citicorp Mortgage Securities, Inc.                              Series 1993-2
Citicorp Mortgage Securities, Inc.                              Series 1993-3
Citicorp Mortgage Securities, Inc.                              Series 1993-4
Citicorp Mortgage Securities, Inc.                              Series 1993-5
Citicorp Mortgage Securities, Inc.                              Series 1993-6
Citicorp Mortgage Securities, Inc.                              Series 1993-7
Citicorp Mortgage Securities, Inc.                              Series 1993-8
Citicorp Mortgage Securities, Inc.                              Series 1993-9
Citicorp Mortgage Securities, Inc.                              Series 1993-10
Citicorp Mortgage Securities, Inc.                              Series 1993-11


<PAGE>


Citicorp Mortgage Securities, Inc.                              Series 1993-12
Citicorp Mortgage Securities, Inc.                              Series 1993-13
Citicorp Mortgage Securities, Inc.                              Series 1993-14

Citicorp Mortgage Securities, Inc.                              Series 1994-1
Citicorp Mortgage Securities, Inc.                              Series 1994-2
Citicorp Mortgage Securities, Inc.                              Series 1994-3
Citicorp Mortgage Securities, Inc.                              Series 1994-4
Citicorp Mortgage Securities, Inc.                              Series 1994-5
Citicorp Mortgage Securities, Inc.                              Series 1994-6
Citicorp Mortgage Securities, Inc.                              Series 1994-7
Citicorp Mortgage Securities, Inc.                              Series 1994-8
Citicorp Mortgage Securities, Inc.                              Series 1994-9
Citicorp Mortgage Securities, Inc.                              Series 1994-10
Citicorp Mortgage Securities, Inc.                              Series 1994-11
Citicorp Mortgage Securities, Inc.                              Series 1994-12
Citicorp Mortgage Securities, Inc.                              Series 1994-13

Citicorp Mortgage Securities, Inc.                              Series 1995-1
Citicorp Mortgage Securities, Inc.                              Series 1995-2
Citicorp Mortgage Securities, Inc.                              Series 1995-3

Citicorp Mortgage Securities, Inc.                              Series 1996-1

Citicorp Mortgage Securities, Inc.                              Series 1997-1
Citicorp Mortgage Securities, Inc.                              Series 1997-2
Citicorp Mortgage Securities, Inc.                              Series 1997-3
Citicorp Mortgage Securities, Inc.                              Series 1997-4
Citicorp Mortgage Securities, Inc.                              Series 1997-5
Citicorp Mortgage Securities, Inc.                              Series 1997-6
Citicorp Mortgage Securities, Inc.                              Series 1997-7

Citicorp Mortgage Securities, Inc.                              Series 1998-1
Citicorp Mortgage Securities, Inc.                              Series 1998-2
Citicorp Mortgage Securities, Inc.                              Series 1998-3
Citicorp Mortgage Securities, Inc.                              Series 1998-4
Citicorp Mortgage Securities, Inc.                              Series 1998-5
Citicorp Mortgage Securities, Inc.                              Series 1998-6
Citicorp Mortgage Securities, Inc.                              Series 1998-7
Citicorp Mortgage Securities, Inc.                              Series 1998-8
Citicorp Mortgage Securities, Inc.                              Series 1998-9
Citicorp Mortgage Securities, Inc.                              Series 1998-10