**Exhibit      34.1**

** **

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**Management’s      Report on Assessment of**

**Compliance      with Applicable Servicing Criteria**

| 1.   | Citibank                (South Dakota), National Association ("CBSD") is responsible for                assessing                compliance with the servicing criteria applicable to it under paragraph                (d) of Item 1122 of Regulation AB as of and for the 12-month period                ending                December 31, 2006 (the "Reporting Period") in connection with the                servicing activities it performs with respect to the transactions                covered                by this report. The transactions covered by this report include all                asset-backed securities transactions conducted by Citibank Credit                Card                Issuance Trust ("CCCIT") that were registered with the Securities                and                Exchange Commission pursuant to the Securities Act of 1933 where                the                related asset-backed securities were outstanding during the Reporting                Period (the "Platform"), as listed in Appendix 1. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | CBSD                used the criteria set forth in paragraph (d) of Item 1122 of Regulation                AB                to assess compliance with the applicable servicing criteria as of                December                31, 2006 and for the Reporting Period, except for criteria                1122(d)(1)(iii), 1122(d)(2)(iii), 1122(d)(2)(vi), 1122(d)(4)(x),                1122(d)(4)(xi), 1122(d)(4)(xii) and 1122(d)(4)(xiii), which CBSD                has                determined are not applicable to the activities it performs with                respect                to the Platform. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Citibank                N.A. ("CBNA"), an affiliate of CBSD, is the paying agent of the classes                of                asset-backed securities listed on Appendix 1. CBNA has performed                specific                and limited activities with respect to the Platform. CBSD has determined                that CBNA is not considered a "servicer" as defined in Item 1101(j)                of                Regulation AB,** **and                CBSD elects to take responsibility for assessing compliance with                the                servicing criteria applicable to CBNA’s activities, which criteria are                those portions of Items 1122(d)(2)(ii), 1122(d)(3)(ii), 1122(d)(3)(iii)                and 1122(d)(3)(iv) of Regulation AB that relate to disbursements                to                investors. CBSD has policies and procedures in place designed to                provide                reasonable assurance that CBNA’s activities comply in all material                respects with the servicing criteria applicable to CBNA. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | CBSD                has complied, in all material respects, with the applicable servicing                criteria as of December 31, 2006 and for the Reporting Period with                respect                to the Platform taken as a whole. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | CBSD                has not identified and is not aware of any material instance of                noncompliance by CBNA with the servicing criteria applicable to CBNA’s                activities as of December 31, 2006 and for the Reporting Period with                respect to the Platform taken as a                whole. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | CBSD                has not identified any material deficiency in its policies and procedures                to monitor the compliance by CBNA with the servicing criteria applicable                to it for the Reporting Period with respect to the Platform taken                as a                whole. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 7.   | KPMG                LLP, a registered public accounting firm, has issued an attestation                report                dated the date hereof on CBSD’s assessment of compliance with the                applicable servicing criteria as of December 31, 2006 and for the                Reporting Period. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**Appendix      1 to Management’s Report**

**Citibank      Credit Card Issuance Trust**

**Classes      of Notes of the Citiseries registered with the SEC pursuant to**

**the      Securities Act of 1933 and Outstanding during calendar year      2006**

| Class                A |   | Class                B |
|------------------------|--------|------------------------|
|                   |   |                   |
| 2000-A3                |   | 2001-B1                |
| 2001-A1                |   | 2001-B2                |
| 2001-A2                |   | 2002-B1                |
| 2001-A6                |   | 2003-B1                |
| 2001-A7                |   | 2004-B1                |
| 2002-A1                |   | 2004-B2                |
| 2002-A4                |   | 2005-B1                |
| 2002-A8                |   | 2006-B1                |
| 2002-A10               |   | 2006-B2                |
| 2003-A1                |   |                   |
| 2003-A2                |   |                   |
| 2003-A3                |   | Class                C |
| 2003-A4                |   |                   |
| 2003-A5                |   | 2001-C1                |
| 2003-A6                |   | 2001-C3                |
| 2003-A7                |   | 2002-C1                |
| 2003-A8                |   | 2002-C2                |
| 2003-A9                |   | 2002-C3                |
| 2003-A10               |   | 2003-C1                |
| 2003-A11               |   | 2003-C2                |
| 2004-A1                |   | 2003-C3                |
| 2004-A3                |   | 2003-C4                |
| 2004-A4                |   | 2004-C1                |
| 2004-A7                |   | 2005-C1                |
| 2004-A8                |   | 2005-C2                |
| 2005-A2                |   | 2005-C3                |
| 2005-A3                |   | 2005-C5                |
| 2005-A4                |   | 2005-C6                |
| 2005-A5                |   | 2006-C1                |
| 2005-A6                |   | 2006-C2                |
| 2005-A7                |   | 2006-C4                |
| 2005-A8                |   |                   |
| 2005-A9                |   |                   |
| 2005-A10               |   |                   |
| 2006-A1                |   |                   |
| 2006-A2                |   |                   |
| 2006-A3                |   |                   |
| 2006-A4                |   |                   |
| 2006-A5                |   |                   |
| 2006-A6                |   |                   |
| 2006-A7                |   |                   |
| 2006-A8                |   |                   |