Document:

EXHIBIT 4.2

-------------------------------------------------------------------------------

                         CITIBANK (SOUTH DAKOTA), N.A.,
                              Seller and Servicer,

                    CITIBANK (NEVADA), NATIONAL ASSOCIATION,
                                     Seller,

                                       and

                             BANKERS TRUST COMPANY,
                                     Trustee
                       on behalf of the Certificateholders

                             SERIES 2000 SUPPLEMENT
                                      ====

                              Dated as of [ ], 2000
                                      ====

                                       to

                         POOLING AND SERVICING AGREEMENT
                            Dated as of May 29, 1991

                       CITIBANK CREDIT CARD MASTER TRUST I

                                   SERIES 2000
                                      ====

-------------------------------------------------------------------------------

<PAGE>

                                TABLE OF CONTENTS

                                    ARTICLE I

                     Creation of the Series 2000 Certificate

                                                                           Page

SECTION 1.01.     Designation.................................................1
=======

                                   ARTICLE II

                                   Definitions

SECTION 2.01.     Definitions.................................................2
=======
SECTION 2.02.     Amendment to Definition of "Series Adjusted

                  Invested Amount"...........................................10

                                   ARTICLE III

                              Servicer and Trustee

SECTION 3.01.     Servicing Compensation.....................................11
=======
SECTION 3.02.     Trustee Appointment of Agents..............................12
=======

                                   ARTICLE IV

                  Rights of Series 2000 Certificateholders and
                    Allocation and Application of Collections

                                        i

<PAGE>

                                                                           Page

SECTION 4.01.     Allocations................................................12
=======
SECTION 4.02.     Application of Investor Finance Charge

                  Collections and Available Investor  Principal
                  Collections................................................13

SECTION 4.03.     Allocation of  Investor Charge-Offs;
=======           Reimbursement of Series 2000 Invested Amount
                  Deficit; Other Reinvestments in the Series 2000

                  Invested Amount............................................17

                                    ARTICLE V

                   Definitions of Series 2000 Invested Amount,
                Series 2000 Adjusted Invested Amount, Principal
                                     Amount;

                                Payment Requests;
                     Principal Funding sub-Account Shortfall

SECTION 5.01.     Definitions of Series 2000 Invested Amount, Series
=======           2000 Adjusted Invested Amount and Principal
                  Amount.....................................................19

SECTION 5.02.     Payment Request............................................22
=======
SECTION 5.03.     Finance Charges Allocable to Segregated Sellers'
=======           Interest...................................................22

                                   ARTICLE VI

           Distributions and Reports to Series 2000 Certificateholders

SECTION 6.01.     Distributions..............................................23
=======

                                       ii

<PAGE>

                                                                           Page

SECTION 6.02.     Monthly Performance Statement and Monthly
=======           Servicer's Certificate.....................................23

SECTION 6.03.     Monthly Computation Statement..............................23
=======

                                   ARTICLE VII

                    Final Distributions; Sale of Receivables

SECTION 7.01.     Sale of Certificateholders' Interest Pursuant to
=======           Section 2.06 or 10.01 of the Agreement.....................23

SECTION 7.02.     Distribution of Proceeds of Sale, Disposition or
=======           Liquidation of the Receivables Pursuant to
                  Section 9.02 of the Agreement..............................24

SECTION 7.03.     Sale of  Receivables.......................................25
=======

                                  ARTICLE VIII

                            Miscellaneous Provisions

SECTION 8.01.     Ratification of Agreement..................................26
=======
SECTION 8.02.     Counterparts...............................................26
=======
SECTION 8.03.     Governing Law..............................................26
=======
SECTION 8.04.     Construction of Agreement..................................26
=======
SECTION 8.05.     Excluded Series............................................26
=======
SECTION 8.06.     Treatment of Noteholders...................................27
=============     ========================

                                       iii

<PAGE>

                                   ARTICLE IX

                                    Covenants

SECTION 9.01.     Reduction in Portfolio Yield...............................27

                                    EXHIBITS

Exhibit A                  Form of Payment Request

Exhibit B                  Form of Monthly  Computation Statement

Exhibit C                  Form of Monthly  Performance Statement

Exhibit D                  Form of Monthly  Servicer's Certificate

Exhibit E                  Form of Credit Card Participation Certificate

                                       iv

<PAGE>

                         SERIES 2000 SUPPLEMENT dated as of [ ], 2000, among
                    CITIBANK (SOUTH DAKOTA), N.A., a national banking
                    association, Seller and Servicer; CITIBANK (NEVADA),
                    NATIONAL ASSOCIATION, a national banking association,
                    Seller; and BANKERS TRUST COMPANY, a New York banking
                    corporation, as Trustee.

          Pursuant to the Pooling and Servicing Agreement dated as of May 29,
1991 (as amended and supplemented, the "Agreement"), among the Sellers, the
Servicer and the Trustee, the Sellers have created Citibank Credit Card Master
Trust I (the "Master Trust"). Section 6.03 of the Agreement provides that the
Sellers may from time to time direct the Trustee to issue, on behalf of the
Master Trust, one or more new Series of Investor Certificates representing
fractional undivided interests in the Master Trust. The Principal Terms of any
new Series are to be set forth in a Supplement to the Agreement.

          Pursuant to this Series Supplement, the Sellers and the Trustee shall
create a new Series consisting of an Investor Certificate and specify the
Principal Terms thereof.

                                   ARTICLE I

                    Creation of the Series 2000 Certificate

          SECTION 1.01. Designation. (a) There is hereby created a Series
consisting of an Investor Certificate to be issued pursuant to the Agreement
and this Series Supplement to be known as "Citibank Credit Card Master Trust I,
Series 2000". Such Investor Certificate shall be issued in one Class and shall
be known as the "Series 2000 Credit Card Participation Certificate" or the
"Series 2000 Certificate" and shall be substantially in the form of Exhibit E.

          (b) Series 2000 shall be included in Group Two. Notwithstanding any
provision in the Agreement or in this Series Supplement, the first Distribution
Date with respect to Series 2000

                                       1

<PAGE>

shall be the [ ] [ ] Distribution Date. Series 2000 shall be an Excluded Series
to the extent specified in Section 8.05.

          (c) If any term or provision contained herein shall conflict with or
be inconsistent with any term or provision contained in the Agreement, the
terms and provisions of this Series Supplement shall govern.

          (d) This Series Supplement is the Series 2000 Supplement referred to
in the Trust Agreement of the Issuer, dated as of [ ], 2000, among the Banks,
as beneficiaries, and The Bank of New York (Delaware), as trustee.

                                   ARTICLE II

                                  Definitions

          SECTION 2.01. Definitions. (a) Whenever used in this Series
Supplement, the following words and phrases shall have the following meanings,
and the definitions of such terms are applicable to the singular as well as the
plural forms of such terms and to the masculine as well as to the feminine and
neuter genders of such terms.

          "Adjusted Outstanding Dollar Principal Amount" shall have the meaning
specified in the Indenture.

          "Allocable Defaulted Amount" shall mean, with respect to any Due
Period, an amount equal to the product of (a) the Series 2000 Allocation
Percentage with respect to such Due Period, (b) the Floating Allocation
Percentage with respect to such Due Period and (c) the Defaulted Amount with
respect to such Due Period.

          "Allocable Finance Charge Collections" shall mean, with respect to
any Due Period, the product of (a) the Series 2000 Allocation Percentage for
such Due Period and (b) the aggregate amount of Collections in respect of
Finance Charge Receivables relating to such Due Period.

          "Allocable Miscellaneous Payments" shall mean, with respect to any
Due Period, the product of (a) the Series 2000 Allocation Percentage for such
Due Period and (b) Miscellaneous Payments with respect to such Due Period.

                                       2

<PAGE>

          "Allocable Principal Collections" shall mean, with respect to any Due
Period, the product of (a) the Series 2000 Allocation Percentage for such Due
Period and (b) the aggregate amount of Collections in respect of Principal
Receivables relating to such Due Period.

          "Available Investor Principal Collections" shall mean, with respect
to any Due Period, the sum of (a) an amount equal to Investor Principal
Collections for such Due Period, plus (b) Allocable Miscellaneous Payments on
deposit in the Collection Account for such Due Period, plus (c) Series 2000
Excess Principal Collections on deposit in the Collection Account for such Due
Period, plus (d) Subordinated Series Reallocated Principal Collections on
deposit in the Collection Account for such Due Period, plus (e) the
Reassignment Amount.

          "Closing Date" shall mean [ ], 2000.

          "Cut-Off Date" shall mean [ ], 2000.

          "Determination Date" shall mean the earlier of the fifth Business Day
and the eighth calendar day preceding the seventh day of each calendar month
(or, if such seventh day is not a Business Day, the next succeeding Business
Day).

          "Discount Note" shall have the meaning specified in the Indenture.

          "Distribution Date" shall mean the seventh day of each calendar
month, or if the seventh day is not a Business Day, the next succeeding
Business Day, commencing [ ], 2000.

          "Early Amortization Period" shall mean the period beginning at the
close of business on the Business Day immediately preceding the day on which an
Amortization Event is deemed to have occurred, and ending upon the earlier to
occur of (i) the payment in full to the Series 2000 Certificateholders of the
Series 2000 Invested Amount, and (ii) the Termination Date.

          "Fitch" shall mean Fitch , Inc. and its successors.

                                                         3

<PAGE>

          "Floating Allocation Percentage" shall mean, with respect to any Due
Period, the percentage equivalent (which percentage shall never exceed 100%) of
a fraction, the numerator of which is the highest Series 2000 Invested Amount
during such Due Period and the denominator of which is the product of (a) the
total amount of Principal Receivables in the Master Trust as of the last day of
the immediately preceding Due Period and (b) the Series 2000 Allocation
Percentage with respect to the Due Period in respect of which the Floating
Allocation Percentage is being determined; provided, however, that, with
respect to the first Due Period, the Floating Allocation Percentage shall mean
the percentage equivalent of a fraction, the numerator of which is the highest
Series 2000 Invested Amount during such first Due Period and the denominator of
which is the product of (x) the total amount of Principal Receivables in the
Master Trust on the Cut-Off Date and (y) the Series 2000 Allocation Percentage
with respect to the Cut-Off Date; provided further, that with respect to any
Due Period in which a Lump Addition occurs or a removal of Accounts pursuant to
Section 2.10 of the Agreement occurs, the amount referred to in clause (a)
shall be the weighted average of the amount of Principal Receivables in the
Master Trust on the date on which such Lump Addition or removal of Accounts
occurs (after giving effect thereto) and the last day of the immediately
preceding Due Period.

          "Group Two" shall mean Series 2000 and each other Series specified in
the related Supplement to be included in Group Two.

          "Indenture" shall mean the Indenture, dated as of [ ], 2000, between
Citibank Credit Card Issuance Trust, as Issuer, and Bankers Trust Company, as
Trustee, as amended and supplemented from time to time.

          "Indenture Trustee" shall have the meaning specified in the
Indenture.

          "Initial Dollar Principal Amount" shall have the meaning specified in
the Indenture.

          "Interest Deposit Date" shall mean, with respect to any Due Period,
each date on which any portion of the Targeted Interest Deposit Amounts for
such Due Period is to be deposited.

          "Interest Funding Account" shall have the meaning specified in the
Indenture.

          "Investor Charge-Offs" shall have the meaning specified in Section
4.03(a).

                                       4

<PAGE>

          "Investor Finance Charge Collections" shall mean, with respect to any
Due Period, an amount equal to (a) the product of (i) the Floating Allocation
Percentage for such Due Period and (ii) Allocable Finance Charge Collections
deposited in the Collection Account for such Due Period, minus (b) the
aggregate amount of Servicer Interchange for such Due Period.

          "Investor Principal Collections" shall mean, with respect to any Due
Period, the Principal Allocation Percentage of Allocable Principal Collections
deposited in the Collection Account for such Due Period (or any partial Due
Period which occurs as the first Due Period during the Early Amortization
Period).

          "Monthly Computation Statement" shall mean a statement substantially
in the form of Exhibit B.

          "Moody's" shall mean Moody's Investors Service, Inc. and its
successors.

          "Multiple Issuance Series" shall have the meaning specified in the
Indenture.

          "Net Servicing Fee Rate" shall mean (a) so long as Citibank (South
Dakota) or an Affiliate of Citibank (South Dakota) is the Servicer, 0.37% per
annum and (b) if Citibank (South Dakota) or an Affiliate of Citibank (South
Dakota) is no longer the Servicer, 0.77% per annum.

          "Note" or "Notes" shall have the meaning specified in the Indenture.

          "Noteholder" shall have the meaning specified in the Indenture.

          "Outstanding" shall have the meaning specified in the Indenture.

          "Payment Request" shall mean a statement substantially in the form of
Exhibit A.

          "Principal Allocation Percentage" shall mean, with respect to any Due
Period, the percentage equivalent (which percentage shall never exceed 100%) of
a fraction, the numerator of which is the Series 2000 Adjusted Invested Amount
as of the last day of such Due Period and the denominator of which is the
product of (a) the total amount of Principal Receivables in the Master Trust as
of the last day of the immediately preceding Due Period and (b) the Series 2000
Allocation Percentage with respect to the Due Period in respect of which the
Principal Allocation Percentage is being determined; provided, however, that,
with respect to any Due

                                       5

<PAGE>

Period in which a Lump Addition occurs or a removal of Accounts pursuant to
Section 2.10 of the Agreement occurs, the amount referred to in clause (a)
shall be the weighted average of the amount of Principal Receivables in the
Master Trust on the date on which such Lump Addition or removal of Accounts
occurs (after giving effect thereto) and the last day of the immediately
preceding Due Period.

          "Principal Deposit Date" shall mean, with respect to any Due Period,
each date on which any portion of the Targeted Principal Deposit Amounts for
such Due Period is to be deposited.

          "Principal Funding Account" shall have the meaning specified in the
Indenture.

          "Reassignment Amount" shall mean, with respect to any Distribution
Date, after giving effect to any deposits and distributions otherwise to be
made in respect of such Distribution Date, the sum of (a) the Series 2000
Invested Amount on such Distribution Date, (b) the aggregate Targeted Interest
Deposit Amounts required to be deposited on each Interest Deposit Date with
respect to the immediately preceding Due Period, (c) any Targeted Interest
Deposit Amounts due and not yet deposited from any prior Interest Deposit Dates
and (d) any unpaid fees and expenses of the Indenture Trustee pursuant to
Section 501 of the Indenture.

          "Revolving Period" shall mean the period beginning at the close of
business on the Business Day immediately preceding the Cut-Off Date and ending
on the earlier of (a) the close of business on the day the Early Amortization
Period commences and (b) the Termination Date.

          "RSP Notes" shall have the meaning specified in the Indenture.

          "Segregated Sellers' Interest" shall mean a dollar amount of Sellers'
Interest equal to the aggregate balance in the Principal Funding sub-Account
for each tranche of Notes (other than tranches of RSP Notes), as notified to
the Servicer pursuant to Section 5.03.

          "Sellers' Percentage" shall mean 100% minus (a) the Floating
Allocation Percentage, when used with respect to Finance Charge Receivables and
Defaulted Receivables, and (b) the Principal Allocation Percentage, when used
with respect to Principal Receivables.

                                       6

<PAGE>

          "Series 2000" or "Series 2000 Certificate" shall mean any investor
certificate in the Master Trust created by this Series Supplement.

          "Series 2000 Adjusted Invested Amount" shall have the meaning
specified in Section 5.01(a).

          "Series 2000 Allocation Percentage" shall mean, with respect to any
Due Period, the Series Allocation Percentage with respect to Series 2000 for
such Due Period.

          "Series 2000 Certificateholders" shall mean the Holders of the Series
2000 Certificate.

          "Series 2000 Certificateholders' Interest" shall mean that portion of
the Certificateholders' Interest evidenced by the Series 2000 Certificate.

          "Series 2000 Certificate Representative" shall mean (a) if there is
one Holder of the Series 2000 Certificate, such Holder or the designee of such
Holder, and (b) if there is more than one Holder of the Series 2000
Certificate, the designee of the Holders of a majority of the outstanding
principal balance of the Series 2000 Certificate.

          "Series 2000 Default Amount" shall mean, with respect to any Due
Period, an amount equal to the Allocable Defaulted Amount for such Due Period.

          "Series 2000 Excess Principal Collections" shall mean, with respect
to any Due Period, an amount equal to the Series 2000 Principal Shortfall for
such Due Period; provided, however, that if the aggregate amount of Excess
Principal Collections for all Series for such Due Period is less than the
aggregate amount of Principal Shortfalls for all Series for such Due Period,
then Series 2000 Excess Principal Collections for such Due Period shall equal
the product of (x) Excess Principal Collections for all Series for such Due
Period and (y) a fraction, the numerator of which is the Series 2000 Principal
Shortfall for such Due Period and the denominator of which is the aggregate
amount of Principal Shortfalls for all Series for such Due Period.

          "Series 2000 Invested Amount" shall have the meaning specified in
Section 5.01(a).

                                       7

<PAGE>

          "Series 2000 Invested Amount Deficit" shall mean, as of the end of
any Due Period, the amount by which the aggregate Adjusted Outstanding Dollar
Principal Amount of each tranche of the Notes (other than any tranche of RSP
Notes) exceeds the Series 2000 Invested Amount.

          "Series 2000 Monthly Servicing Fee" shall have the meaning specified
in Section 3.01.

          "Series 2000 Principal Shortfall" shall equal:

               (a) for any Due Period with respect to the Revolving Period, the
          excess of (i) the aggregate Targeted Principal Deposit Amounts for
          such Due Period (plus any Targeted Principal Deposit Amount from
          prior Due Periods for which no deposit was made) over (ii) Available
          Investor Principal Collections for such Due Period (excluding any
          portion thereof attributable to Series 2000 Excess Principal
          Collections); and

               (b) for any Due Period with respect to the Early Amortization
          Period, the excess of (i) the Series 2000 Invested Amount over (ii)
          Available Investor Principal Collections for such Due Period
          (excluding any portion thereof attributable to Series 2000 Excess
          Principal Collections).

          "Series Supplement" shall mean this Series Supplement as amended and
supplemented from time to time.

          "Servicer Interchange" shall mean, for any Due Period, the product of
(a) the Floating Allocation Percentage for such Due Period and (b) the portion
of Allocable Finance Charge Collections deposited in the Collection Account for
such Due Period that is attributable to Interchange; provided, however, that
Servicer Interchange for a Due Period shall not exceed one-twelfth of the
product of (i) the Series 2000 Invested Amount as of the last day of the
preceding Due Period and (ii) 1.50%.

          "Servicing Fee" shall have the meaning specified in Section 3.01.

          "Servicing Fee Rate" shall mean 2.27% per annum.

          "Single Issuance Series" shall have the meaning specified in the
Indenture.

                                       8

<PAGE>

          "Standard & Poor's" shall mean Standard & Poor's Ratings Services and
its successors.

          "Subordinated Series" shall mean any Series which, pursuant to the
terms of the related Supplement, is subordinated in any manner to the Series
2000 Certificate.

          "Subordinated Series Reallocated Principal Collections" shall mean,
with respect to any Due Period, that portion of Collections of Principal
Receivables allocable to a Subordinated Series which, pursuant to the terms of
the related Supplement, are to be reallocated to Series 2000 and treated as a
portion of Available Investor Principal Collections for such Due Period.

          "Targeted Interest Deposit Amount" shall mean, for any tranche of
Notes with respect to any Due Period, the dollar amount equal to all amounts
targeted to be deposited into the applicable Interest Funding sub-Account for
such tranche on the applicable Interest Deposit Date for such tranche following
the end of such Due Period, as notified to the Servicer pursuant to a Payment
Request.

          "Targeted Principal Deposit Amount" shall mean, for any tranche of
Notes with respect to any Due Period, the dollar amount equal to all amounts
targeted to be deposited into the applicable Principal Funding sub-Account for
such tranche on the applicable Principal Deposit Date for such tranche
following the end of such Due Period, as notified to the Servicer pursuant to a
Payment Request.

          "Termination Date" shall mean the [ ] 2020 Distribution Date, as such
date may be extended from time to time by notice from the Series 2000
Certificateholders to the Trustee, and upon the issuance of a Master Trust Tax
Opinion and an Issuer Tax Opinion and upon satisfaction of the Rating Agency
Condition.

          "Termination Proceeds" shall mean any Termination Proceeds arising
out of a sale of Receivables (or interests therein) pursuant to Section
12.02(c) of the Agreement with respect to Series 2000.

          (b) Notwithstanding anything to the contrary in this Series
Supplement or the Agreement, the term "Adverse Effect" shall mean whenever used
in this Series Supplement or the Agreement with respect to Series 2000 with
respect to any action, that such action will (i) at the time of its occurrence
or at any future date result in the occurrence of an Amortization Event, or
(ii)

                                       9

<PAGE>

adversely affect the amount of funds available to be distributed to the Series
2000 Certificateholders pursuant to this Series Supplement or the timing of
such distributions.

          (c) As used in this Series Supplement and in the Agreement with
respect to Series 2000, "highest investment category" shall mean (i) in the
case of Standard & Poor's, A-1+ or AAA, as applicable, (ii) in the case of
Moody's, P-1 or Aaa, as applicable, and (iii) in the case of Fitch, F-1+ or
AAA, as applicable. If at any time before the Series 2000 Invested Amount is
paid in full there is no longer a Series or Class of Investor Certificates
rated in the highest category by both Standard & Poor's and Moody's, then the
term "Rating Agency Condition" for all purposes of this Series Supplement and
the Agreement shall be deemed to include the additionalrequirement that the
Series 2000 Certificate Representative shall have consented to such action
(which consent shall not be unreasonably withheld).

          (d) All capitalized terms used herein and not otherwise defined
herein have the meanings ascribed to them in the Agreement, or in the
Indenture, as the case may be.

          (e) The words "hereof", "herein" and "hereunder" and words of similar
import when used in this Series Supplement shall refer to this Series
Supplement as a whole and not to any particular provision of this Series
Supplement; references to any Article, Section or Exhibit are references to
Articles, Sections and Exhibits in or to this Series Supplement unless
otherwise specified; and the term "including" means "including without
limitation".

          (f) Notwithstanding any provision of the Agreement or this Series
Supplement, the term "Eligible Institution", when used in the Agreement with
respect to Series 2000 shall mean a depository institution organized under the
laws of the United States or any one of the states thereof, including the
District of Columbia (or a domestic branch of a foreign bank), which at all
times (a) has (i) a long-term unsecured debt rating of A2 or better by Moody's
and (ii) a certificate of deposit rating of P-1 by Moody's and (b) has (i) in
the case of the Collection Account, if such depository institution is an
Affiliate of Citigroup Inc., a certificate of deposit rating of A-1 or better
by Standard & Poor's or (ii) for any other depository institution (or for any
Affiliate of Citigroup Inc., in the case of any Series Account), either (x) a
long-term unsecured debt rating of AAA by Standard & Poor's or (y) a
certificate of deposit rating of A-1+ by Standard & Poor's.

          SECTION 2.02. Amendment to Definition of "Series Adjusted Invested
Amount". (a) Notwithstanding any provision of the Agreement or this Series

                                       10

<PAGE>

Supplement, the term "Series Adjusted Invested Amount", when used in the
Agreement or this Series Supplement with respect to Series 2000, shall mean the
Series 2000 Adjusted Invested Amount.

          (b) Each of the Sellers hereby represents and warrants to the Trustee
as of the date of this Series Supplement that, on or before the date of this
Series Supplement, the conditions set forth in Section 13.01(a) of the
Agreement have been satisfied with respect to the amendment set forth in
Section 2.02(a).

                                  ARTICLE III

                              Servicer and Trustee

          SECTION 3.01. Servicing Compensation. A monthly servicing fee (the
"Servicing Fee") shall be payable to the Servicer, in arrears, on each
Distribution Date in respect of the prior Due Period (or portion thereof)
occurring before the earlier of the first Distribution Date following the
Termination Date and the first Distribution Date on which the Series 2000
Invested Amount is zero, in the aggregate amount specified below.

          On each Distribution Date, Servicer Interchange with respect to the
related Due Period that is on deposit in the Collection Account shall be
withdrawn from the Collection Account and paid to the Servicer in payment of a
portion of the Servicing Fee payable by the Series 2000 Certificateholders with
respect to such Due Period.

          The share of the Servicing Fee allocable to the Series 2000
Certificateholders (after giving effect to the distribution of Servicer
Interchange, if any, to the Servicer) with respect to any Distribution Date
(the "Series 2000 Monthly Servicing Fee") shall be equal to one-twelfth of the
product of (a) the Net Servicing Fee Rate and (b) the Series 2000 Invested
Amount as of the last day of the Due Period second preceding such Distribution
Date; provided, however, with respect to the first Distribution Date, the
Series 2000 Monthly Servicing Fee shall be equal to the Servicing Fee accrued
on the Series 2000 Invested Amount at the Net Servicing Fee Rate for the period
from the Closing Date to but excluding the first Distribution Date, calculated
on the basis of a 360-day year of twelve 30-day months.

                                       11

<PAGE>

          On each Distribution Date, the Sellers shall pay a portion of the
Servicing Fee with respect to the related Due Period in an amount equal to
one-twelfth of the product of (a) the Servicing Fee Rate, (b) the Sellers'
Participation Amount as of the last day of the Due Period second preceding such
Distribution Date (or, if a Lump Addition occurs or a removal of Accounts
pursuant to Section 2.10 of the Agreement occurs in the following Due Period,
the weighted average of the Sellers' Participation Amount on the date on which
such Lump Addition or removal of Accounts occurs (after giving effect thereto)
and the last day of the second preceding Due Period) and (c) the Series 2000
Allocation Percentage for the related Due Period. In no event shall the Master
Trust, the Trustee or the Series 2000 Certificateholders be liable for the
share of the Servicing Fee to be paid by the Sellers.

          The Series 2000 Monthly Servicing Fee shall be payable to the
Servicer solely to the extent amounts are available for distribution pursuant
to Section 4.02(a)(i).

          SECTION 3.02. Trustee Appointment of Agents. The Trustee may appoint
one or more agents to perform any of the Trustee's duties, responsibilities or
obligations with respect to Series 2000; provided, however, that regardless of
the appointment of any agent pursuant to this Section 3.02, the Trustee shall
continue to be fully responsible for all of its duties, responsibilities and
obligations with respect to Series 2000.

                                   ARTICLE IV

          Rights of Series 2000 Certificateholders and Allocation and
                          Application of Collections

          SECTION 4.01. Allocations. (a) Allocations. Collections of Finance
Charge Receivables and Principal Receivables, Defaulted Receivables and
Miscellaneous Payments allocated to Series 2000 pursuant to Article IV of the
Agreement shall be allocated and distributed or reallocated as set forth in
this Article.

          (b) Payments to the Sellers. (i) The Servicer shall withdraw from the
Collection Account and pay to the Sellers on each Deposit Date the following
amounts:

                                       12

<PAGE>

               (A) an amount equal to the Sellers' Percentage for the related
          Due Period of Allocable Finance Charge Collections, minus (1) if
          Citibank (South Dakota) or an Affiliate of Citibank (South Dakota) is
          no longer the Servicer, the portion of the Servicing Fee with respect
          to the related Due Period that is required to be paid by the Sellers
          (which shall be withdrawn from the Collection Account and paid to the
          Servicer on the related Distribution Date) and (2) an amount equal to
          the lesser of the amounts referred to in Section 5.03(a) and Section
          5.03(b); and

               (B) an amount equal to the Sellers' Percentage for the related
          Due Period of Allocable Principal Collections, if the Sellers'
          Participation Amount (determined after giving effect to any Principal
          Receivables transferred to the Master Trust on such Deposit Date)
          exceeds zero.

          (ii) The withdrawals to be made from the Collection Account pursuant
to this Section 4.01(b) do not apply to deposits into the Collection Account
that do not represent Collections, including Transfer Deposit Amounts,
Adjustment Payments, payment of the purchase price for the Certificateholders'
Interest pursuant to Section 2.06 or 10.01 of the Agreement, payment of the
purchase price for the Series 2000 Certificateholders' Interest pursuant to
Section 7.01 and proceeds from the sale, disposition or liquidation of
Receivables pursuant to Section 7.03 hereof or Section 9.02 or 12.02 of the
Agreement.

          SECTION 4.02. Application of Investor Finance Charge Collections and
Available Investor Principal Collections. The Servicer shall allocate (if
Citibank (South Dakota) is the Servicer and the Collection Account is
maintained with Citibank (South Dakota)) or shall cause the Trustee to
allocate, with respect to each Due Period, Investor Finance Charge Collections
and Available Investor Principal Collections on deposit in the Collection
Account with respect to such Due Period, to make the following payments and
distributions:

          (a) For each Due Period, an amount equal to the Investor Finance
Charge Collections with respect to such Due Period will be allocated and
distributed in the following priority:

                    (i) First, an amount equal to the accrued and unpaid fees
               and expenses of, and other amounts due to, the Indenture Trustee
               pursuant to

                                       13

<PAGE>

                    Section 501(a) of the Indenture. Such amounts will be paid
                    on the dates specified in the applicable Payment Request,
                    as notified to the Servicer in the applicable Payment
                    Request.

                    (ii) Second, pro rata to:

                         (A) An amount equal to the Series 2000 Monthly
                    Servicing Fee for such Due Period shall be allocated to the
                    Servicer (unless such amount has been netted against
                    deposits to the Collection Account). Such amount will be
                    paid to the Servicer on the applicable Distribution Date or
                    as soon thereafter as practicable.

                         (B) An amount equal to the targeted deposit to the
                    Interest Funding Account. Such amount will be paid to the
                    Series 2000 Certificate Representative for allocation
                    pursuant to Section 501 of the Indenture, in the amounts
                    (subject to reallocation as set forth in Section 505(b) of
                    the Indenture) and on the dates specified in the applicable
                    Payment Request , as notified to the Servicer in the
                    applicable Payment Request.

                         (C) An amount equal to the aggregate amount of any
                    Series 2000 Invested Amount Deficit and any Receivables
                    Sales Proceeds Deposit Deficit (computed after giving
                    effect to allocations of the Allocable Miscellaneous
                    Payments with respect to such Due Period pursuant to
                    Section 4.03(b)), to be allocated and applied as set forth
                    in Section 4.03(c) as soon as practicable after the end of
                    such Due Period.

                    (iii) Third, an amount equal to the balance, if any, of
               such Investor Finance Charge Collections then on deposit in the
               Collection Account shall be allocated to the Series 2000
               Certificateholders, to be paid as soon as practicable after the
               end of such Due Period.

     If the funds on deposit in the Collection Account available therefor are
     less than the sum required to pay all of the amounts specified in clauses
     (ii)(B) and (ii)(C), such

                                       14

<PAGE>

     funds shall be allocated first to pay the amounts specified in clause
     (ii)(B), and second to pay the amounts specified in clause (ii)(C).

               (b) For each Due Period with respect to the Revolving Period, an
          amount equal to the Available Investor Principal Collections
          deposited in the Collection Account for such Due Period will be
          allocated and distributed in the following priority:

                    (i) An amount equal to the lesser of

                         (A) unreimbursed Investor Charge-Offs for such Due
                    Period (after giving effect to any reimbursements of
                    unreimbursed Investor Charge-Offs made for such Due Period
                    pursuant to Section 4.02(a)(ii)(C)), and

                         (B) the portion of such Available Investor Principal
                    Collections consisting of Allocable Miscellaneous Payments
                    shall be applied to reimburse Investor Charge-Offs pursuant
                    to Section 4.03(b).

                    (ii) An amount equal to the accrued and unpaid fees and
               expenses of, and other amounts due to, the Trustee, and the
               amount of targeted deposits to the Interest Funding Account, in
               each case not made from Investor Finance Charge Collections
               pursuant to Section 4.02(a). Such amounts will be paid to the
               Series 2000 Certificate Representative pursuant to Section
               502(a) of the Indenture in the amounts and on the dates
               specified in the applicable Payment Request, as notified to the
               Servicer in the applicable Payment Request.

                    (iii) An amount equal to the sum of the Targeted Principal
               Deposit Amounts specified in the applicable Payment Request for
               such Due Period (plus any unpaid Targeted Principal Deposit
               Amount from any prior Due Periods) allocated to the Series 2000
               Certificateholders pursuant to Sections 502(b) of the Indenture.
               Such amounts will be paid to the Series 2000 Certificate
               Representative in the amounts and on the dates specified in the
               applicable

                                       15

<PAGE>

Payment Request, as notified to the Servicer in the
               applicable Payment Request.

                    (iv) An amount equal to the balance, if any, of such
               Available Investor Principal Collections then on deposit in the
               Collection Account shall be treated as Excess Principal
               Collections and applied in accordance with Section 4.04 of the
               Agreement.

          (c) For each Due Period with respect to the Early Amortization Period
     and the Due Period relating to the Termination Date, an amount equal to
     Available Investor Principal Collections deposited in the Collection
     Account for such Due Period will be distributed in the following priority:

                    (i) An amount equal to the lesser of

                         (A) unreimbursed Investor Charge-Offs for such Due
                    Period (after giving effect to any reimbursements of
                    unreimbursed Investor Charge-Offs made for such Due Period
                    pursuant to Section 4.02(a)(ii)(C)), and

                         (B) the portion of such Available Investor Principal
                    Collections consisting of Allocable Miscellaneous Payments
                    shall be applied to reimburse Investor Charge-Offs pursuant
                    to Section 4.03(b).

                    (ii) An amount equal to the accrued and unpaid fees and
               expenses of, and other amounts due to, the Trustee, and the
               amount of targeted deposits to the Interest Funding Account, in
               each case not made from Investor Finance Charge Collections
               pursuant to Section 4.02(a). Such amounts will be paid to the
               Series 2000 Certificate Representative pursuant to Section
               502(a) of the Indenture in the amounts and on the dates
               specified in the applicable Payment Request, as notified to the
               Servicer in the applicable Payment Request.

                                       16

<PAGE>

                    (iii) An amount equal to the Series 2000 Invested Amount
               (after giving effect to clause (c)(ii) shall be paid to the
               Series 2000 Certificateholders.

                    (iv) An amount equal to the balance, if any, of such
               Available Investor Principal Collections then on deposit in the
               Collection Account shall be treated as Excess Principal
               Collections and applied in accordance with Section 4.04 of the
               Agreement.

          (d) Notwithstanding anything in this Series Supplement to the
     contrary, at any time when the Servicer is required to make payments as
     provided in the second sentence of Section 4.03(a) of the Agreement, the
     payments required to be made to the Series 2000 Certificate Representative
     or the Series 2000 Certificateholder under this Section will be made as
     promptly as possible after the Date of Processing of the applicable
     Collections, but in no event later than the second Business Day following
     the Date of Processing.

         SECTION 4.03. Allocation of Investor Charge-Offs; Reimbursement of
Series 2000 Invested Amount Deficit; Other Reinvestments in the Series 2000
Invested Amount. (a) With respect to any Due Period, the Servicer will compute
the amount, if any, by which the Series 2000 Default Amount for such Due Period
exceeds (i) the amount of Allocable Finance Charge Collections with respect to
such Due Period minus (ii) an amount equal to accrued and unpaid fees and
expenses of, and other amounts due to, the Indenture Trustee, minus (iii) an
amount equal to the targeted deposit to the Interest Funding Account, minus (iv)
the amount of the Series 2000 Monthly Servicing Fee with respect to such Due
Period paid pursuant to Section 4.02(a)(i) (such excess, an "Investor
Charge-Off"). With respect to each Due Period, Investor Charge-Offs will be
allocated to each tranche of Notes pursuant to Section 526 of the Indenture, and

                    (i) the Series 2000 Invested Amount will be reduced by the
               aggregate amount of Investor Charge-Offs allocated pursuant to
               Section 526 of the Indenture to any tranche of Notes (other than
               tranches of RSP Notes); and

                    (ii) funds (to be in an aggregate amount equal to the
               amounts allocated to any tranche of RSP Notes) which are
               withdrawn from the Principal Funding

                                       17

<PAGE>

               sub-Accounts of any such tranches of Notes pursuant to Section
               526(e) of the Indenture to be paid to the Master Trust will be
               paid to the Sellers.

          (b) The amount of Allocable Miscellaneous Payments with respect to
     such Due Period allocated and available for that purpose pursuant to
     Sections 4.02(b)(i) and (c)(i) will be allocated to each tranche of Notes
     pursuant to Section 527 of the Indenture, and:

                    (i) the amount allocated pursuant to Section 527 of the
               Indenture to any tranche of Notes (other than a tranche of RSP
               Notes) will be paid to the Sellers, and the Series 2000 Invested
               Amount increased by the same amount; and

                    (ii) the amount allocated pursuant to Section 527 of the
               Indenture to any tranche of RSP Notes will be deposited into the
               Principal Funding sub-Account of that tranche pursuant to
               Section 509(d) of the Indenture.

          (c) The amount of Investor Finance Charge Collections with respect to
     such Due Period allocated and available for that purpose pursuant to
     Sections 4.02(a)(ii)(C) will be allocated to each tranche of Notes
     pursuant to Section 527 of the Indenture, and:

                    (i) the amount allocated pursuant to Section 527 of the
               Indenture to any tranche of Notes (other than a tranche of RSP
               Notes) will be paid to the Sellers, and the Series 2000 Invested
               Amount increased by the same amount; and

                    (ii) the amount allocated pursuant to Section 527 to any
               tranche of RSP Notes will be deposited into the Principal
               Funding sub-Account of that tranche pursuant to Section 509(d)
               of the Indenture.

          (d) The amount of Investor Finance Charge Collections allocated
     pursuant to Section 501(d) and Section 527 of the Indenture to any tranche
     of Notes (other than a tranche of RSP Notes) and which is paid to the
     Master Trust pursuant to Section 520(b) of the Indenture will be paid to
     the Sellers, and the Series 2000 Invested Amount will be increased by the
     same amount.

          (e) Any amount representing principal accreted on any tranche of
     Discount Notes pursuant to Section 520(a) of the Indenture which is
     received by the Master Trust will be

                                       18

<PAGE>

     paid to the Sellers, and the Series 2000 Invested Amount will be increased
     by the same amount.

          (f) The amount of Available Investor Principal Collections available
     pursuant to Section 502(c) of the Indenture which is paid to the Master
     Trust pursuant to Section 520(c) of the Indenture will be paid to the
     Sellers, and the Series 2000 Invested Amount will be increased by the same
     amount.

                                   ARTICLE V

               Definitions of Series 2000 Invested Amount,

            Series 2000 Adjusted Invested Amount, Principal Amount;
                               Payment Requests;

                    Principal Funding sub-Account Shortfall

          SECTION 5.01. Definitions of Series 2000 Invested Amount, Series 2000
Adjusted Invested Amount and Principal Amount. (a) The Series 2000 Invested
Amount, the Series 2000 Adjusted Invested Amount and the principal amount of
the Series 2000 Certificate, as of any date, will be the sum of the indicated
items.
<TABLE>
<CAPTION>
                                                                                      Series 2000          principal
                                                                    Series 2000         Adjusted         amount of the
                                                                     Invested           Invested          Series 2000
                                  Component                           Amount             Amount           Certificate
<S>            <C>                                                 <C>                <C>                <C>
(x)            Increases in the Series  2000 Invested
               Amount, Series 2000 Adjusted Invested
               Amount and principal amount of the
               Series  2000 Certificate

           (i) The cumulative sum of the Initial Dollar
               Principal Amount of each tranche of Notes as
               of the end of the applicable Due Period
               pursuant to clause (a) of the definition of               X                 X                   X
               Nominal Liquidation Amount in the
               Indenture

</TABLE>

                                      19
<PAGE>
<TABLE>
<CAPTION>

                                                                                      Series 2000          principal
                                                                    Series 2000         Adjusted         amount of the
                                                                     Invested           Invested          Series 2000
                                  Component                           Amount             Amount           Certificate
<S>            <C>                                                 <C>                <C>                <C>

          (ii) (A) The cumulative sum of accretions of
               principal on Discount Notes targeted to be
               deposited  pursuant to Section 503(f) of the
               Indenture, whether or not actually deposited                                                    X
               or paid to the  Master Trust pursuant to
               Sections 507(b) and 520(a) of the Indenture

              (B) The cumulative sum of accretions of
               principal on Discount Notes actually paid by
               the Series 2000 Certificateholders to the
               Master Trust pursuant to Sections 507(b)                  X                 X
               and  520(a) of the Indenture and Section
               4.03(e) hereof

         (iii) The cumulative sum of  principal
               collections reinvested in the Collateral
               Certificate pursuant to  Sections 502(c) and              X                 X                   X
               520(c) of the Indenture and Section 4.03(f)
               hereof

          (iv) The cumulative sum of  reimbursements of
               Series 2000 Invested Amount Deficit from
               Available Miscellaneous Payments                          X                 X
               pursuant to Section  4.03(b)(i) hereof and
               Section 527(e)(i) of the Indenture

           (v) The cumulative sum of reimbursements of
               Series 2000 Invested Amount Deficit from
               Investor Finance Charge  Collections
               pursuant to  Sections 4.02(a)(ii)(C) and                  X                 X
               4.03(c) hereof and Sections 520(b) and
               527(f)(i) of the Indenture

(y)            Decreases in the  Series 2000 Invested
===
               Amount, Series 2000 Adjusted Invested
               Amount and principal amount of the
               Series  2000 Certificate
</TABLE>

                                      20
<PAGE>

<TABLE>
<CAPTION>

                                                                                     Series 2000          principal
                                                                    Series 2000         Adjusted         amount of the
                                                                     Invested           Invested          Series 2000
                                  Component                           Amount             Amount           Certificate
<S>            <C>                                                 <C>                <C>                <C>

           (i) The cumulative sum of all payments of
               Available Investor Principal Collections
               allocated pursuant to Section 4.02(b)(ii)
               or Section 4.02(c)(ii) which are reallocated
               pursuant to Section  502(a) of the Indenture              X                 X
               to pay  accrued and unpaid fees and
               epxenses of the  Indenture Trustee and to
               make targeted deposits to the Interest
               Funding Account

          (ii) (A)  The cumulative sum of all payments of
               Available Investor Principal Collections
               (other than those referred to in item (y)(i))             X                                     X
               paid to the Series  2000 Certificateholders

               (B) With respect to all tranches of Notes with
               a Nominal Liquidation Amount of zero (including
               all tranches of RSP Notes),the cumulative sum
               of all Available Investor Principal Collections
               (other than those referred to in item (y)(i))
               paid to the Series X 2000 Certificateholders and
               on deposit in the Principal Funding sub-Account
               for or paid to the holders of such Notes pursuant to
               Section 511(a), (b) or (c) of the Indenture

         (iii)  With respect to each tranche of RSP
                Notes,  an aggregate amount equal to the
                Nominal Liquidation Amount of  each such                                                 (see clause (b)
                tranche of Notes  immediately before                      X                 X                 below)
                giving effect to  the  applicable sale of
                Receivables pursuant to Section 7.03 .

          (iv)  Investor Charge-Offs allocated to the                    X                 X
                Series 2000 Certificate pursuant to Section
                4.03(a), to the extent that such Investor
                Charge-Offs reduce the aggregate Nominal
                Liquidation Amount of the Notes  pursuant
                to Section  526(e)(i) of the Indenture

</TABLE>

                                      21

<PAGE>

          (b) Notwithstanding anything herein to the contrary, upon payment by
the Master Trust to the Series 2000 Certificate Representative of the proceeds
of a sale of Receivables pursuant to Section 7.03 and Section 523 or Section
708 of the Indenture with respect to any tranche of RSP Notes, the principal
amount of the Series 2000 Certificate will be reduced by an amount equal to the
Adjusted Outstanding Dollar Principal Amount of the affected tranche of Notes,
as notified by the Series 2000 Certificate Representative to the Seller.

          (c) The Servicer will compute the Series 2000 Invested Amount, the
Series 2000 Adjusted Invested Amount and the principal amount of the Series
2000 Certificate for each Due Period based on the information in the applicable
Monthly Computation Statement.

          SECTION 5.02. Payment Request. The Series 2000 Certificate
Representative may from time to time, in its sole discretion and without the
consent of the Sellers or any other Person, by delivery of a Payment Request,
request the payment of an allocation of Investor Finance Charge Collections
available pursuant to Section 4.02(a)(ii)(B) or payment of an allocation of
Available Investor Principal Collections available pursuant to Section
4.02(b)(ii) to be made on the Interest Deposit Dates and Principal Deposit
Dates or other dates specified in the applicable Payment Request.

          SECTION 5.03. Finance Charges Allocable to Segregated Sellers'
Interest. The Series 2000 Certificate Representative may from time to time
notify the Servicer of the amount of the Sellers' Interest that is to be the
Segregated Sellers' Interest in an amount equal to the amounts on deposit in
the Principal Funding sub-Accounts for any tranche of Notes (other than any
tranche of RSP Notes). The Series 2000 Certificate Representative may from time
to time, with respect to any Due Period, request a payment to be made from
Collections of Finance Charge Receivables allocable to the Segregated Sellers'
Interest held in the Collection Account, in an amount not greater than the
lesser of:

               (a) the aggregate amount of all Principal Funding sub-Account
          Shortfalls for all tranches of Notes (other than any tranches of RSP
          Notes) with respect to such Due Period, and

                                       22

<PAGE>

              (b) the aggregate amount of all Collections of Finance Charge
          Receivables allocable to the Segregated Sellers' Interest with
          respect to such Due Period less any portion of the Defaulted
          Receivables and the Servicing Fee allocable to the Segregated
          Sellers' Interest with respect to such Due Period and held in the
          Collection Account pursuant to Section 4.01(b).

The Servicer shall pay such amount to the Series 2000 Certificateholders on the
date specified in such request.

                                   ARTICLE VI

                          Distributions and Reports to

                         Series 2000 Certificateholders

          SECTION 6.01. Distributions. Except as provided in Section 12.02 of
the Agreement with respect to a final distribution, distributions to Series
2000 Certificateholders hereunder shall be made by check mailed to each Series
2000 Certificateholder at such Certificateholder's address appearing in the
Certificate Register (or, to the extent specified by the Series 2000
Certificate Representative in a written notice to the Trustee and the Servicer,
by wire transfer in accordance with such notice) without presentation or
surrender of any Series 2000 Certificate or the making of any notation thereon.

          SECTION 6.02. Monthly Performance Statement and Monthly Servicer's
Certificate. Not later than the Business Day preceding each Distribution Date,
the Servicer shall deliver to the Trustee, the Series 2000 Certificate
Representative and each Rating Agency (as defined in the Indenture) (i) a
Monthly Performance Statement substantially in the form of Exhibit C prepared
by the Servicer and (ii) a certificate of a Servicing Officer substantially in
the form of Exhibit D.

          SECTION 6.03. Monthly Computation Statement. Not later than the
Business Day preceding each Distribution Date, the Servicer, in cooperation
with the Series 2000 Certificate

                                                        23

<PAGE>

Representative, shall complete a Monthly
Computation Statement substantially in the form of Exhibit B.

                                  ARTICLE VII

                    Final Distributions; Sale of Receivables

          SECTION 7.01. Sale of Certificateholders' Interest Pursuant to
Section 2.06 or 10.01 of the Agreement. (a) (i) The amount to be paid by the
Sellers with respect to Series 2000 in connection with a repurchase of the
Certificateholders' Interest pursuant to Section 2.06 of the Agreement shall
equal the Reassignment Amount for the first Distribution Date following the Due
Period in which the reassignment obligation arises under the Agreement.

          (ii) The amount to be paid by the Sellers with respect to Series 2000
in connection with a repurchase of the Certificateholders' Interest pursuant to
Section 10.01 of the Agreement shall equal the Reassignment Amount for the
Distribution Date of such repurchase.

         (b) With respect to the Reassignment Amount deposited into the
 Collection Account pursuant to this Section 7.01 or any Termination Proceeds
from the sale of Receivables (or interests therein) allocable to the Series 2000
Certificateholders' Interest deposited into the Collection Account pursuant to
Section 12.02(c) of the Agreement, the Trustee shall, not later than 12:00 noon,
New York City time, on the date of deposit, make deposits or distributions of
such amounts and pay such amounts to the Series 2000 Certificateholders.

         (c) Notwithstanding anything to the contrary in this Series Supplement
or the Agreement, the entire amount payable to the Series 2000
Certificateholders pursuant to Section 10.01 of the Agreement and all amounts on
deposit in the Collection Account for distribution to the Series 2000
Certificateholders shall be distributed in full to the Series 2000
Certificateholders on such date and shall be deemed to be a final distribution
pursuant to Section 12.02 of the Agreement.

         SECTION 7.02. Distribution of Proceeds of Sale, Disposition or
 Liquidation of the Receivables Pursuant to Section 9.02 of the Agreement. (a)
Not later than 12:00 noon, New

                                       24

<PAGE>

York City time, on the Distribution Date following the date on which Insolvency
Proceeds are deposited into the Collection Account pursuant to Section 9.02(b)
of the Agreement, the Trustee shall (after giving effect to any deposits and
distributions otherwise to be made in respect of such Distribution Date) deduct
an amount equal to the Series 2000 Invested Amount on such Distribution Date
from the portion of the Insolvency Proceeds allocated to Allocable Principal
Collections and pay such amount to the Series 2000 Certificateholders, provided
that the amount of such payment shall not exceed the product of (x) the portion
of the Insolvency Proceeds allocated to Allocable Principal Collections and (y)
the Principal Allocation Percentage with respect to the related Due Period. The
remainder of the portion of the Insolvency Proceeds allocated to Allocable
Principal Collections shall be allocated to the Sellers' Interest and shall be
released to the Sellers on such Distribution Date.

          (b) Not later than 12:00 noon, New York City time, on such
Distribution Date, the Trustee shall (in the following priority and, in each
case, after giving effect to any deposits and distributions otherwise to be
made in respect of such Distribution Date) deduct an amount equal to the sum of
(i) all unpaid fees and expenses of the Indenture Trustee pursuant to Section
501(a) of the Indenture and all such unpaid fees and expenses from earlier Due
Periods, and (ii) the aggregate Targeted Interest Deposit Amounts for all
Outstanding tranches of Notes under Sections 501(b) the Indenture for the
current Due Period or any such Targeted Interest Deposit Amount for earlier Due
Periods that has not been deposited, and pay such amount to the Series 2000
Certificateholders; provided, however, that the amount of such payment shall
not exceed the product of (x) the portion of the Insolvency Proceeds allocated
to Allocable Finance Charge Collections and (y) the Floating Allocation
Percentage with respect to such Due Period. The remainder of the Insolvency
Proceeds allocated to Allocable Finance Charge Collections shall be distributed
to the Sellers on such Distribution Date.

          (c) Notwithstanding anything to the contrary in this Series
Supplement or the Agreement, the entire amount to be paid to the Series 2000
Certificateholders pursuant to this Section, and all amounts on deposit in the
Collection Account for distribution to the Series 2000 Certificateholders shall
be distributed in full to the Series 2000 Certificateholders on the
Distribution Date on which funds are deposited pursuant to this Section (or, if
not so deposited on a Distribution Date, on the immediately following
Distribution Date) and shall be deemed to be a final distribution pursuant to
Section 12.02 of the Agreement.

          (d) Notwithstanding any provision of the Agreement or this Series
Supplement, for purposes of Section 9.02(a) of the Agreement, the Holders of
the Series 2000 Certificate shall

                                       25

<PAGE>

not be deemed to have disapproved a
liquidation of the Receivables following an Insolvency Event with respect to
any of the Sellers unless holders of more than 50% of the aggregate unpaid
principal amount of the Series 2000 Certificate shall have disapproved of such
liquidation.

          SECTION 7.03. Sale of Receivables. Upon notice to the Servicer by the
Series 2000 Certificate Representative pursuant to Section 523 of the Indenture
with respect to any accelerated tranche of Notes or any tranche of Notes which
has reached its Legal Maturity Date, the Trustee will cause the Master Trust to
sell Principal Receivables and the related Finance Charge Receivables (or
interests therein) in an amount specified by the Series 2000 Certificate
Representative which shall not be greater than the aggregate amount specified
by Section 523(c) of the Indenture. The proceeds from such sale shall be
immediately paid to the Series 2000 Certificate Representative.

                                  ARTICLE VIII

                            Miscellaneous Provisions

          SECTION 8.01. Ratification of Agreement. As supplemented by this
Series Supplement, the Agreement is in all respects ratified and confirmed and
the Agreement as so supplemented by this Series Supplement shall be read, taken
and construed as one and the same instrument.

          SECTION 8.02. Counterparts. This Series Supplement may be executed in
two or more counterparts, and by different parties on separate counterparts,
each of which shall be an original, but all of which shall constitute one and
the same instrument.

          SECTION 8.03. Governing Law. THIS SERIES SUPPLEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,

                                       26

<PAGE>

WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS,
RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE
WITH SUCH LAWS.

          SECTION 8.04. Construction of Agreement. The Sellers hereby confirm
that the security interest granted to the Trustee pursuant to Section 13.18 of
the Agreement is for the benefit of the Investor Certificateholders.

          SECTION 8.05. Excluded Series. Upon written notification by the
Series 2000 Certificate Representative to the Trustee, pursuant to Section 1112
of the Indenture, that a portion of the Series 2000 Invested Amount
(corresponding to the Nominal Liquidation Amount of a series, class or tranche
of Notes issued pursuant to the Indenture) is to be considered an Excluded
Series, then the Trustee shall designate such portion of the Series 2000
Invested Amount as Excluded Series of the Master Trust. All other portions of
the Series 2000 Invested Amount shall not be considered Excluded Series.

          SECTION 8.06. Treatment of Noteholders. For purposes of any provision
of the Agreement or this Series 2000 Supplement requiring or permitting actions
with the consent of, or at the direction of, Investor Certificateholders
holding a specified percentage of the aggregate unpaid principal amount of
Investor Certificates (a) each Noteholder will be deemed to be a
Certificateholder; (b) each Noteholder will be deemed to be the Holder of an
aggregate unpaid principal amount of Series 2000 Certificates equal to the
Adjusted Outstanding Dollar Principal Amount of such Noteholder's Notes; (c)
each series of Notes under the Indenture will be deemed to be a separate Series
of Investor Certificates and the Holder of a Note of such series will be deemed
to be the Holder of an aggregate unpaid principal amount of such Series of
Investor Certificates equal to the Adjusted Outstanding Dollar Principal Amount
of such Noteholder's Notes of such series; (d) each class of Notes of a Single
Issuance Series and each tranche of Notes of a Multiple Issuance Series under
the Indenture will be deemed to be a separate Class of Investor Certificates
and the Holder of a Note of such class or tranche will be deemed to be the
Holder of an aggregate unpaid principal amount of such Class of Investor
Certificates equal to the Adjusted Outstanding Dollar Principal Amount of such
Noteholder's Notes of such class or tranche and (e) any Notes owned by the
Issuer, either Seller, the Servicer, any other holder of a Sellers' Certificate
or any Affiliate thereof will be deemed not to be outstanding, except that, in

                                       27

<PAGE>

determining whether the Trustee shall be protected in relying upon any such
consent or direction, only Notes which the Trustee knows to be so owned shall
be so disregarded. Notes so owned which have been pledged in good faith shall
not be disregarded and may be regarded as outstanding if the pledgee
establishes to the satisfaction of the Trustee the pledgee's right so to act
with respect to such Notes and that the pledgee is not either Seller, the
Servicer, any other holder of a Sellers' Certificate or any Affiliate thereof.

                                   ARTICLE IX

                                   Covenants

          SECTION 9.01. Reduction in Portfolio Yield. Citibank (South Dakota),
in its capacity as a Seller, and each Additional Seller hereby covenant that
upon receipt of notice by the Issuer or the Indenture Trustee of the occurrence
of an Early Redemption Event described in Section 1201(e) of the Indenture,
except as is otherwise required by any Requirements of Law, it will not reduce
the Periodic Rate Finance Charge applicable to any Account to a rate that would
result in the weighted average of the Periodic Rate Finance Charges applicable
to all the Accounts as of the last day of any Due Period being less than the
sum of

               (i) the weighted average of (a) the Certificate Rates of each
          Outstanding Series (other than Series 2000) and (b) the Weighted
          Average Interest Rates (as defined in the Indenture), in each case,
          as of such last day; and

               (ii) 6%.

                                       28

<PAGE>

          IN WITNESS WHEREOF, the Sellers, the Servicer and the Trustee have
caused this Series Supplement to be duly executed by their respective officers
as of the day and year first above written.

                                 CITIBANK (SOUTH DAKOTA), N.A., Seller and
                                 Servicer,

                                 by
                                       ----------------------------------------
                                 Name:
                                 Title:

                                 CITIBANK (NEVADA), NATIONAL
                                 ASSOCIATION, Seller,

                                 by
                                       ----------------------------------------
                                 Name:
                                 Title:

                                 BANKERS TRUST COMPANY, Trustee,

                                 by
                                       ----------------------------------------
                                 Name:
                                 Title:

                                       29

<PAGE>

                                                                       EXHIBIT A

                            [FORM OF] PAYMENT REQUEST

From:    Citibank (South Dakota), N.A., as
         Series  2000 Certificate
         Representative under the Series
         2000 Supplement and as Managing
         Beneficiary of the Citibank Credit
         Card Issuance Trust

To:      Citibank (South Dakota), N.A., as
         Servicer under Citibank Credit Card
         Master Trust I

Date:

                       Citibank Credit Card Master Trust I

                            Series 2000 Certificates

                           Due Period ending [ ], 20__

Reference is made to the Series 2000 Supplement, dated as of [ ] (the "Series
2000 Supplement"), among Citibank (South Dakota), N.A., as Seller and Servicer,
Citibank (Nevada), National Association, as Seller, and Bankers Trust Company,
as Trustee on be half of the Certificateholders, and the Indenture, dated as of
[ ] (the "Indenture"), among Citibank Credit Card Issuance Trust, as Issuer, and
Bankers Trust Company, as Trustee on behalf of the Noteholders. Terms used
herein have1 the meanings provided in the Series 2000 Supplement or the
Indenture, as applicable.

The Series 2000 Certificate Representative requests the following payments with
respect to the Series 2000 Certificates be made on the following dates:

A.   Allocations of Investor Finance Charge Collections available pursuant to
     Sections 4.02(a)(i), 4.02(a)(ii)(B) and 4.02(a)(iii) of the Series 2000
     Supplement.

     1.   Required pursuant to Section 501(a) of the Indenture (to pay accrued
          and unpaid fees and expenses of, and other amounts due to, the
          Indenture Trustee pursuant to Section 807 of the

<PAGE>

          Indenture, to be paid as soon as practicable after the end of the
          applicable Due
          Period).....................................................$________

     2.   Required pursuant to Section 501(b) of the Indenture (to make the
          targeted deposits to the Interest Funding Account pursuant to Section
          503 of the Indenture, to be paid on the applicable Interest Deposit
          Date)

      Tranche               Interest Deposit Date                  Amount
                                                          $
                                                          $
                                                          $
                                                          $
                                                          $

                                                          Total.......$________

     3.   Required pursuant to Section 501(c) of the Indenture (to make the
          targeted deposits to the Class C Reserve Account pursuant to Section
          518 of the Indenture, on the applicable Monthly Interest Date)

      Tranche               Monthly Interest Date                  Amount
                                                          $
                                                          $
                                                          $
                                                          $
                                                          $

                                                          Total.......$________

     4.   Required pursuant to Section 501(d) of the Indenture (to increase the
          Invested Amount of the Series 2000 Certificate or reimburse any
          Receivables Sales Proceeds Deposit Deficit pursuant to Section 527 of
          the Indenture, to be paid to the Servicer as soon as practicable
          after the end of the applicable Due Period).................$________

     5.   Balance of the Investor Finance Charge Collections to be paid to the
          Issuer pursuant to Section 501(e) of the Indenture as soon as
          practicable after the end of the applicable Due Period......$________

                                       2

<PAGE>

     B.   Allocations of Available Investor Principal Collections available
          pursuant to Section 4.02(b)(i) and (b)(ii) and Section 4.02(c)(i) and
          (c)(ii) of the Series 2000 Supplement.

          1.   Required pursuant to Section 502(a) of the Indenture (to be
               reallocated to pay deficiencies in (i) accrued and unpaid fees
               and expenses of the Indenture Trustee pursuant to A1 and (ii)
               targeted deposits to the Interest Funding Account pursuant to
               A2, subject to the limitations set forth in the Indenture, to be
               paid on the applicable Interest Deposit Date)

      Tranche               Interest Deposit Date                Amount
                                                         $
                                                         $
                                                         $
                                                         $
                                                         $

                                                         Total........$________

          2.   Required pursuant to Section 502(b) of the Indenture (to make
               the targeted deposits to the Principal Funding Account pursuant
               to Section 508 of the Indenture, to be paid on the applicable
               Principal Deposit Date)

      Tranche               Principal Deposit Date               Amount
                                                         $
                                                         $
                                                         $
                                                         $
                                                         $

                                                         Total........$________

          3.   Balance of the Available Investor Principal Collections
               available pursuant to Section 4.02(b)(ii) of the Series 2000
               Supplement to be paid to the Master Trust to be reinvested in
               the Invested Amount of the Series 2000 Certificate pursuant to
               Section 502(c) and Section 520(c) of the Indenture to be paid as
               soon as practicable after the end of the applicable Due
               Period.................................................$________

                                       3
<PAGE>

          IN WITNESS WHEREOF, each of the undersigned has duly executed and
delivered this Payment Request on , 20 .

                                  CITIBANK CREDIT CARD ISSUANCE
                                  TRUST, as Issuer

                                  By:      CITIBANK (SOUTH DAKOTA),
                                           N.A., as Series 2000 Certificate
                                           Representative and as Managing
                                           Beneficiary

                                           By: __________________________
                                               Name:
                                               Title:

                                   By: CITIBANK (SOUTH DAKOTA),
                                       N.A., as Servicer

                                   By: __________________________
                                   Name:
                                   Title:

                                       5

<PAGE>

                                                                      EXHIBIT B

                    [FORM OF] MONTHLY COMPUTATION STATEMENT

                                     Date:

                      Citibank Credit Card Master Trust I
                            Series 2000 Certificate

                          Due Period ending [ ], 20__

Reference is made to the Series 2000 Supplement, dated as of [ ] (the "Series
2000 Supplement"), among Citibank (South Dakota), N.A., as Seller and Servicer,
Citibank (Nevada), National Association, as Seller, and Bankers Trust Company,
as Trustee on be half of the Certificateholders, and the Indenture, dated as of
[ ] (the "Indenture"), among Citibank Credit Card Issuance Trust, as Issuer and
Bankers Trust Company, as Trustee on behalf of the Noteholders. Terms used
herein have1 the meanings provided in the Series 2000 Supplement or the
Indenture, as applicable.

The following computations are as of the end of the Due Period ending [ ], 20__
(the "applicable Due Period"):

A.   Increases in the components of the Series 2000 Invested Amount, the Series
     Adjusted Invested Amount for Series 2000 and the principal amount of the
     Series 2000 Certificates, as of the end of the applicable Due Period

     1.    The cumulative sum of the Initial Dollar Principal Amount of each
           tranche of Notes as of the end of the applicable Due Period pursuant
           to Section 5.01(a)(x)(i) of the Series 2000 Supplement and clause (a)
           of the definition of "Nominal Liquidation Amount" in the Indenture

                  From all prior Due Periods..........................$________

                  From the applicable Due Period......................$________

                  Total...............................................$________

     2(a). The cumulative sum of accretions of principal on Discount Notes
           targeted to be deposited in the Interest Funding Account pursuant to
           Section 503(f) of the Indenture and Section 5.01(a)(x)(ii)(A) of the
           Series 2000 Supplement, whether or not

                                       1

<PAGE>

          actually deposited and paid by the Issuer to the Master Trust
          pursuant to Sections 507(b) and 520(a) of the Indenture for
          reinvestment in the Series 2000 Invested Amount pursuant to Sections
          4.03(e)

                  From all prior Due Periods..........................$________

                  From the applicable Due Period......................$________

                  Total...............................................$________

     2(b). The cumulative sum of accretions of principal on Discount Notes
          actually paid by the Issuer to the Master Trust for reinvestment in
          the Series 2000 Invested Amount pursuant to Sections 4.03(e) and
          5.01(a)(x)(ii)(B) of the Series 2000 Supplement and Sections
                   5.07(b) and 520(a) of the Indenture

                  From all prior Due Periods..........................$________

                  From the applicable Due Period......................$________

                  Total...............................................$________

     3.   The cumulative sum of principal collections paid by the Issuer to the
          Master Trust for reinvestment in the Series 2000 Invested Amount
          pursuant to Sections 4.03(f) and 5.01(a)(x)(iii) of the Series 2000
          Supplement and Sections 502(a) and 520(c) of the Indenture

                  From all prior Due Periods..........................$________

                  From the applicable Due Period......................$________

                  Total...............................................$________

     4.   The cumulative sum of reimbursements of Series 2000 Invested Amount
          Deficit from Allocable Miscellaneous Payments retained by the Master
          Trust for reinvestment in the Series 2000 Invested Amount pursuant to
          Sections 4.03(b)(ii) and 5.01(a)(x)(iv) of the Series 2000 Supplement
          and Section 527(e)(i) of the Indenture

                  From all prior Due Periods..........................$________

                                       2

<PAGE>

                  From the applicable Due Period......................$________

                  Total...............................................$________

     5.   The cumulative sum of reimbursements of Series 2000 Invested Amount
          Deficit made pursuant to Sections 4.02(a)(iii)(C), 4.03(c) and
          5.01(a)(x)(v) of the Series 2000 Supplement and Sections 520(b) and
          527(f)(i) of the Indenture

                  From all prior Due Periods..........................$________

                  From the applicable Due Period......................$________

                  Total...............................................$________

B.   Decreases in the components of the Series 2000 Invested Amount, the Series
     Adjusted Invested Amount for Series 2000, and the principal amount of the
     Series 2000 Certificates as of the end of the applicable Due Period

     1.   The cumulative sum of all Principal Collections paid to the Issuer
          pursuant to Section 4.02(b)(ii) or Section 4.02(c)(ii) of the Series
          Supplement which are reallocated pursuant to Section 502(a) of the
          Indenture and Section 5.01(a)(y)(i) of the Series 2000 Supplement to
          pay accrued and unpaid fees and expenses of, and other amounts due
          to, the Indenture Trustee and to make targeted deposits to the
          Interest Funding Account

                  From all prior Due Periods..........................$________

                  From the applicable Due Period......................$________

                  Total...............................................$________

     2(a).The cumulative sum of all payments of principal collections paid to
          the Issuer (other than those referred to in item B1 above) on deposit
          in the Principal Funding Account or withdrawn from the Principal
          Funding Account pursuant to Section 511(a), (b) or (c) of the
          Indenture and Section 5.01(a)(y)(ii) of the Series 2000 Supplement

                  From all prior Due Periods..........................$________

                  From the applicable Due Period......................$________

                                       3

<PAGE>

                  Total...............................................$________

     2(b).All payments of principal collections by the Master Trust to the
          Issuer (Sum of Items B1 and B2(a))..........................$________

     2(c).With respect to all tranches of Notes with a Nominal Liquidation
          Amount of zero (including all tranches of RSP Notes), the cumulative
          sum of all payments of principal collections to the Issuer (other
          than those referred to in item B1 above) on deposit in the Principal
          Funding Account or withdrawn from the Principal Funding Account
          pursuant to Section 511(a), (b) or (c) of the Indenture

                  From all prior Due Periods..........................$________

                  From the applicable Due Period......................$________

                  Total...............................................$________

     3.   With respect to each tranche of RSP Notes, an aggregate amount equal
          to the Nominal Liquidation Amount of each such tranche immediately
          before giving effect to the applicable sale of Receivables pursuant
          to Sections 4.01(a)(y)(iii) 7.03 of the Series 2000 Supplement and
          Section 523 of the Indenture

                  From all prior Due Periods..........................$________

                  From the applicable Due Period......................$________

                  Total...............................................$________

     4.   Investor Charge-Offs allocated to the Series 2000 Certificate
          pursuant to Sections 4.03 (a) and 5.02(a)(y)(iv) of the Series 2000
          Supplement, to the extent that such Investor Charge-Offs reduce the
          aggregate Nominal Liquidation Amount of the Notes pursuant to Section
          526(e)(i) of the Indenture

                  From all prior Due Periods..........................$________

                  From the applicable Due Period......................$________

                  Total...............................................$________

                                       4

<PAGE>

C.   Series 2000 Invested Amount and aggregate Nominal Liquidation Amount of
     the Notes (sum of Items A1, A2(b), A3, A4 and A5, less Items B1, B2(a), B3
     and B4)..........................................................$________

D.   Series Adjusted Invested Amount for Series 2000 (sum of Items A1, A2(b),
     A3, A4 and A5, less Items B1, B2(b), B3 and B4)..................$________

E.   1.   Principal amount of the Series 2000 Certificates and aggregate
          Adjusted Outstanding Principal Amount of the Notes (sum of Items A1,
          A2(a) and A3, less Item B2) (but subject to Section 5.01(c) of the
          Series 2000 Supplement).....................................$________

     2.   Aggregate amount on deposit in the Principal Funding
          Account.....................................................$________

     3.   Aggregate Outstanding Dollar Principal Amount of the Notes (sum of
          Items E1 and E2)............................................$________

F.   Amount of Finance Charge Collections (and amounts to be treated as Finance
     Charge Collections) available pursuant to Section 501(c) of the Indenture
     to fund Class C Reserve
     sub-Accounts.....................................................$________

G.   Principal Payment Rate for the applicable Due Period (from Item A4 of the
     Series 2000 Monthly Performance Statement for the applicable Due
     Period)............................................................______%

H.   Portion of the Series 2000 Invested Amount to be considered as an Excluded
     Series...........................................................$________

I.   The aggregate amount on deposit in the Principal Funding Account for each
     tranche of Notes, other than any tranche of RSP Notes (equal to the
     Sellers'
     Interest)........................................................$________

                                       5

<PAGE>

          IN WITNESS WHEREOF, each of the undersigned has duly executed and
delivered this Monthly Computation Statement on , 20 .

                               CITIBANK (SOUTH DAKOTA), N.A.,
                               Servicer of Citibank Credit Card Master
                               Trust I,

                               By:
                                        ---------------------------------------

                               Name:
                               Title:

                               CITIBANK CREDIT CARD ISSUANCE
                               TRUST, as Issuer

                               By:    CITIBANK (SOUTH DAKOTA),

                                      N.A., as Series 2000 Certificate
                                      Representative and as Managing
                                      Beneficiary

                               By:
                                        ---------------------------------------
                               Name:
                               Title:

                                       6

<PAGE>

                                                                      EXHIBIT C

                    [FORM OF] MONTHLY PERFORMANCE STATEMENT

                         CITIBANK (SOUTH DAKOTA), N.A.
                    CITIBANK (NEVADA), NATIONAL ASSOCIATION

          -----------------------------------------------------------

                      CITIBANK CREDIT CARD MASTER TRUST I
                                  SERIES 2000

          -----------------------------------------------------------

          The undersigned, a duly authorized representative of Citibank (South
Dakota), N.A., as Servicer ("Citibank (South Dakota)"), pursuant to the Pooling
and Servicing Agreement dated as of May 29, 1991 (as amended and supplemented,
the "Agreement"), as supplemented by the Series 2000 Supplement (as amended and
supplemented, the "Series Supplement"), among Citibank (South Dakota), Seller
and Servicer, Citibank (Nevada), National Association, Seller, and Bankers
Trust Company, as Trustee, certifies the information set forth below.
Capitalized terms herein have their respective meanings as set forth in the
Agreement or Series Supplement, as applicable.

          This Certificate relates to the Due Period ending on [ ] and the
related Distribution Date.

A.       Information Regarding the Portfolio

          1.   Portfolio Yield .........................................._____%

               Yield component [Finance Charge Receivables collected during the
               Due Period / Principal Receivables in the Trust on the last day
               of the prior Due Period] ................................._____%

               Credit loss component [net charged-off Principal Receivables
               during the Due Period / Principal Receivables in the Trust on
               the last day of the prior Due Period]....................._____%

          2.   New purchase rate [aggregate purchases of merchandise and
               services during the Due Period / Receivables in the Trust on the
               last day of the prior Due Period]........................._____%

          3.   Total payment rate [aggregate Collections during the Due Period
               / Receivables in the Trust on the last day of the prior Due
               Period] .................................................._____%

                                       1

<PAGE>

          4.   Principal payment rate [aggregate collections with respect to
               Principal Receivables during the Due Period / Principal
               Receivables in the Trust on the last day of the prior Due
               Period] .................................................._____%

          5.   Aggregate amount of Principal Receivables in the Trust

               Beginning of Due Period ..................................$_____
               Average ..................................................$_____
               End of Due Period ........................................$_____

          6.   Delinquencies (Aggregate outstanding balances in the Accounts
               that were delinquent by the time periods listed below as of the
               close of business of the month preceding the Distribution Date,
               as a percentage of aggregate Receivables as of the last day of
               the Due Period)

               Current .................................................._____%
               5-34 days delinquent ....................................._____%
               35-64 days delinquent ...................................._____%
               65-94 days delinquent ...................................._____%
               95-124 days delinquent ..................................._____%
               125-154 days delinquent .................................._____%
               155-184 days delinquent .................................._____%

B.   Information Regarding Series 2000 for the applicable Due Period

     1.   Allocable Investor Finance Charge Collections..................$_____

     2.  (a)  Investor Principal Collections for such Due Period.........$_____

         (b)  Allocable Miscellaneous Payments...........................$_____

         (c)  Series  2000 Excess Principal Collections..................$_____

         (d)  Subordinated Series Reallocated Principal Collections......$_____

         (e)  Reassignment Amount........................................$_____

         (f)  Available Investor Principal Collections (Sum of
              Items 2(a), 2(b), 2(c), 2(d) and  2(e))....................$_____

     3.   Investor Charge-Offs...........................................$_____

                                       2

<PAGE>

     4.   Reimbursements of Investor Charge-Offs.........................$_____

                                       3

<PAGE>

          IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Monthly Performance Statement on , 20 .

                                    CITIBANK (SOUTH DAKOTA), N.A.,
                                    Servicer,

                                    By:
                                          -------------------------------------
                                    Name:
                                    Title:

                                       4

<PAGE>

                                                                      EXHIBIT D

                    [FORM OF] MONTHLY SERVICER'S CERTIFICATE

                         CITIBANK (SOUTH DAKOTA), N.A.
                    CITIBANK (NEVADA), NATIONAL ASSOCIATION

                      CITIBANK CREDIT CARD MASTER TRUST I
                                  SERIES 2000

          The undersigned, a duly authorized representative of Citibank (South
Dakota), N.A., as Servicer ("Citibank (South Dakota)"), pursuant to the Pooling
and Servicing Agreement dated as of May 29, 1991 (as amended and supplemented,
the "Agreement"), as supplemented by the Series 2000 Supplement (as amended and
supplemented, the "Series Supplement"), among Citibank (South Dakota), N.A.,
Seller and Servicer, Citibank (Nevada), National Association, Seller, and
Bankers Trust Company, Trustee, certifies as follows:

          1. Capitalized terms used herein have their respective meanings as
set forth in the Agreement or Series Supplement, as applicable.

          2. Citibank (South Dakota) is, as of the date hereof, the Servicer
under the Agreement.

          3. The undersigned is a Servicing Officer.

          4. This Certificate relates to the Distribution Date occurring on .

          5. As of the date hereof, to the best knowledge of the undersigned,
the Servicer has performed in all material respects all its obligations under
the Agreement through the Due Period preceding such Distribution Date [or, if
there has been a default in the performance of any such obligation, set forth
in detail (i) the nature of such default, (ii) the action, if any, taken by the
Sellers and Servicer to remedy such default, and (iii) the current status of
each such default; if applicable, insert "None"].

          6. As of the date hereof, to the best knowledge of the undersigned,
no Amortization Event has occurred or has been deemed to have occurred on or
before such Distribution Date.

          7. As of the date hereof, to the best knowledge of the undersigned,
no Lien has been placed on any of the Receivables other than pursuant to the
Agreement (or, if there is a Lien, such Lien consists of_________).

                                       1

<PAGE>

          IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Servicer's Certificate on , 20 .

                               CITIBANK (SOUTH DAKOTA), N.A., as
                               Servicer,

                               By:_________________________
                               Name:
                               Title:

                                       2

<PAGE>

                                                                      EXHIBIT E

          THIS SERIES 2000 CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "ACT") OR ANY STATE SECURITIES LAWS. BY
ITS ACCEPTANCE HEREOF, EACH PURCHASER REPRESENTS AND AGREES THAT IT IS
ACQUIRING THIS SERIES 2000 CERTIFICATE FOR ITS OWN ACCOUNT (AND NOT FOR THE
ACCOUNT OF OTHERS) AND NOT WITH A VIEW TO, OR FOR SALE IN CONNECTION WITH, THE
PUBLIC DISTRIBUTION HEREOF AND THAT NEITHER THIS SERIES 2000 CERTIFICATE NOR
ANY INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED, OR OTHERWISE TRANSFERRED,
EXCEPT IN COMPLIANCE WITH THE REGISTRATION PROVISIONS OF THE ACT AND ANY
APPLICABLE PROVISIONS OF ANY STATE SECURITIES LAWS OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM SUCH PROVISIONS. THE TRANSFER OF THIS SERIES 2000 CERTIFICATE IS
SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE AGREEMENT AND THE SERIES
SUPPLEMENT THERETO REFERRED TO HEREIN.

          NEITHER THIS SERIES 2000 CERTIFICATE NOR ANY INTEREST HEREIN MAY BE
TRANSFERRED, ASSIGNED, EXCHANGED OR OTHERWISE PLEDGED OR CONVEYED, EXCEPT IN
ACCORDANCE WITH THE AGREEMENT AND SERIES SUPPLEMENT REFERRED TO HEREIN.

REGISTERED                                                      No. R-[       ]

                      CITIBANK CREDIT CARD MASTER TRUST I
                                  SERIES 2000

                     CREDIT CARD PARTICIPATION CERTIFICATE

                    This Certificate represents an undivided
                       interest in certain assets of the
                      CITIBANK CREDIT CARD MASTER TRUST I
             the corpus of which consists primarily of receivables
             generated from time to time in the ordinary course of
           business in a portfolio of revolving credit card accounts
                                       by

                         CITIBANK (SOUTH DAKOTA), N.A.
                                      and
                               CITIBANK (NEVADA),
                              NATIONAL ASSOCIATION

and, in certain circumstances, certain Additional Sellers (as defined in the
Pooling and Servicing Agreement referred to below).

                 (Not an interest in or obligation of Citibank
                    (South Dakota), N.A., Citibank (Nevada),
                National Association, any Additional Sellers or
                             any affiliate thereof)

<PAGE>

          This certifies that CITIBANK CREDIT CARD ISSUANCE TRUST (the "Series
2000 Certificateholder") is the registered owner of a fractional undivided
interest in certain assets of a trust (the "Trust") created pursuant to the
Pooling and Servicing Agreement dated as of May 29, 1991 (as amended and
supplemented, the "Agreement"), as supplemented by the Series 2000 Supplement
dated as of [ ], [ ] (as amended and supplemented, the "Series Supplement"),
among Citibank (South Dakota), N.A., a national banking association, as Seller
and Servicer, Citibank (Nevada), National Association, a national banking
association, as Seller, and Bankers Trust Company, a New York banking
corporation, as trustee (the "Trustee"). The corpus of the Trust consists of
(i) a portfolio of all receivables (the "Receivables") existing in the
revolving credit card accounts identified under the Agreement from time to time
(the "Accounts"), (ii) all Receivables generated under the Accounts from time
to time thereafter, (iii) funds collected or to be collected from cardholders
in respect of the Receivables, (iv) all funds which are from time to time on
deposit in the Collection Account and (v) all other assets and interests
constituting the Trust. Although a summary of certain provisions of the
Agreement and the Series Supplement is set forth below and on the Summary of
Terms and Conditions attached hereto and made a part hereof, this Series 2000
Certificate does not purport to summarize the Agreement and the Series
Supplement and reference is made to the Agreement and the Series Supplement for
information with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and obligations of
the Trustee. A copy of the Agreement and the Series Supplement (without
schedules) may be requested from the Trustee by writing to the Trustee at the
Corporate Trust Office. To the extent not defined herein, the capitalized terms
used herein have the meanings ascribed to them in the Agreement or the Series
Supplement, as applicable.

          This Series 2000 Certificate is issued under and is subject to the
terms, provisions and conditions of the Agreement and the Series Supplement, to
which Agreement and Series Supplement, each as amended and supplemented from
time to time, the Series 2000 Certificateholder by virtue of the acceptance
hereof assents and is bound.

          In general, payments of principal with respect to the Series 2000
Certificates are limited to the Series 2000 Invested Amount, which may be less
than the unpaid principal balance of the Series 2000 Certificates. The
Termination Date of the Series 2000 Certificates is the [ ] 20[ ] Distribution
Date, as such date may be extended from time to time by notice from the Issuer
to the Trust with the consent of the Trust. Principal with respect to the
Series 2000 Certificates may be paid earlier or later under certain
circumstances described in the Agreement and the Series Supplement. If the
principal of the Series 2000 Certificates is not paid in full on or before the
Termination Date, the Trustee will sell or cause to be sold on such Termination
Date Principal Receivables (and the related Finance Charge Receivables) (or
interests therein) in an amount equal to 110% of the Series 2000 Invested
Amount as of such Termination Date, subject to certain limitations, and shall
immediately deposit the Termination Proceeds allocable to the Series 2000
Certificateholders' Interest in the Collection Account. The Termination
Proceeds shall be allocated and distributed to the Series 2000
Certificateholders in accordance with the Series Supplement.

                                       2

<PAGE>

          Unless the certificate of authentication hereon has been executed by
or on behalf of the Trustee, by manual or facsimile signature, this Series 2000
Certificate shall not be entitled to any benefit under the Agreement or the
Series Supplement or be valid for any purpose.

                                       3

<PAGE>

          IN WITNESS WHEREOF, the Banks have caused this Series 2000
Certificate to be duly executed.

                             CITIBANK (SOUTH DAKOTA), N.A.,

                             by
                                 ----------------------------------------------
                                 Name:
                                 Title:

                             CITIBANK (NEVADA), NATIONAL
                             ASSOCIATION,

                             by
                                 ----------------------------------------------
                                 Name:
                                 Title:

Dated:

                                       4

<PAGE>

                    TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Series 2000 Certificates described in the within-mentioned
Agreement and Series Supplement.

                                        BANKERS TRUST COMPANY, as
                                        Trustee,

                                        By
                                            -----------------------------------
                                        Name:
                                        Title: Authorized Officer

                                        or

                                        By:    CITIBANK, N.A., as Authenticating
                                               Agent for the Trustee,

                                       By
                                            -----------------------------------
                                       Name:
                                       Title: Authorized Officer

                                       5

<PAGE>

                      CITIBANK CREDIT CARD MASTER TRUST I

                                  SERIES 2000
                     CREDIT CARD PARTICIPATION CERTIFICATE

                        Summary of Terms and Conditions

          The Receivables consist of Principal Receivables which arise
generally from the purchase of merchandise and services and amounts advanced to
cardholders as cash advances and Finance Charge Receivables which arise
generally from Periodic Rate Finance Charges, Cash Advance Fees, Late Payment
Fees and annual membership fees with respect to the Accounts. This Series 2000
Certificate is one of a series of Certificates entitled Citibank Credit Card
Master Trust I, Series 2000 Credit Card Participation Certificates (the "Series
2000 Certificates"), each of which represents a fractional undivided interest
in certain assets of the Trust. The Trust Assets are allocated in part to the
Certificateholders of all outstanding Series (the "Certificateholders'
Interest") with the remainder allocated to the Sellers. The aggregate interest
represented by the Series 2000 Certificates at any time in the Principal
Receivables in the Trust shall not exceed an amount equal to the Series 2000
Invested Amount at such time. The Series 2000 Invested Amount on any date will
be as computed in accordance with the Series Supplement. A Sellers' Certificate
has been issued to the Sellers pursuant to the Agreement which represents the
Sellers' Interest.

          Subject to the terms and conditions of the Agreement, the Sellers may
from time to time direct the Trustee, on behalf of the Trust, to issue one or
more new Series of Investor Certificates, which will represent fractional
undivided interests in certain of the Trust Assets.

          For each Due Period, the Paying Agent shall distribute to each Series
2000 Certificateholder of record on the last day of the calendar month
preceding the month in which such distribution occurs (each a "Record Date")
such Series 2000 Certificateholder's pro rata share of such amounts as are
payable to the Series 2000 Certificateholders pursuant to the Agreement and the
Series Supplement. Distributions with respect to this Series 2000 Certificate
will be made by the Paying Agent by check mailed to the address of the Series
2000 Certificateholder of record appearing in the Certificate Register (or,
pursuant to Section 6.01 of the Series Supplement, to the extent specified by
the Series 2000 Certificate Representative in a written notice to the Trustee
and the Servicer, by wire transfer in accordance with such notice) without the
presentation or surrender of this Series 2000 Certificate or the making of any
notation thereon (except for the final distribution in respect of this Series
2000 Certificate). Final payment of this Series 2000 Certificate will be made
only upon presentation and surrender of this Series 2000 Certificate at the
office or agency specified in the notice of final distribution delivered by the
Trustee to the Series 2000 Certificateholders in accordance with the Agreement
and the Series Supplement.

          This Series 2000 Certificate does not represent an obligation of, or
an interest in, the Sellers, the Servicer, any Additional Sellers or any
affiliate of any of them and is not insured or

                                       6

<PAGE>

guaranteed by the Federal Deposit Insurance Corporation or any other
governmental agency or instrumentality. This Series 2000 Certificate is limited
in right of payment to certain Collections with respect to the Receivables (and
certain other amounts), all as more specifically set forth hereinabove and in
the Agreement and the Series Supplement.

          The Agreement or any Supplement may, subject to certain conditions,
be amended by the Sellers, the Servicer and the Trustee without Investor
Certificateholder consent. The Trustee may, but shall not be obligated to,
enter into any such amendment which affects the Trustee's rights, duties or
immunities under the Agreement or otherwise.

          The Agreement or any Supplement may also be amended from time to time
(including in connection with the issuance of a Supplemental Certificate) by
the Servicer, the Sellers and the Trustee, with the consent of the Holders of
Investor Certificates evidencing not less than 66-2/3% of the aggregate unpaid
principal amount of the Investor Certificates of all adversely affected Series,
for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Agreement or any Supplement or of
modifying in any manner the rights of the Investor Certificateholders;
provided, however, that no such amendment shall (i) reduce in any manner the
amount of or delay the timing of any distributions to be made to Investor
Certificateholders or deposits of amounts to be so distributed without the
consent of each affected Investor Certificateholder, (ii) change the definition
of or the manner of calculating the interest of any Investor Certificateholder
without the consent of each affected Investor Certificateholder, (iii) reduce
the aforesaid percentage required to consent to any such amendment without the
consent of each Investor Certificateholder or (iv) adversely affect the rating
of any Series or Class by the Rating Agency without the consent of the Holders
of Investor Certificates of such Series or Class evidencing not less than
66-2/3% of the aggregate unpaid principal amount of the Investor Certificates
of such Series or Class. The Trustee may, but shall not be obligated to, enter
into any such amendment which affects the Trustee's rights, duties or
immunities under this Agreement or otherwise.

          Subject to the limitations set forth in the Series Supplement, the
transfer of this Series 2000 Certificate shall be registered in the Certificate
Register upon surrender of this Series 2000 Certificate for registration of
transfer at any office or agency maintained by the Transfer Agent and Registrar
accompanied by a written instrument of transfer, in a form satisfactory to the
Trustee or the Transfer Agent and Registrar, duly executed by the Series 2000
Certificateholder or such Series 2000 Certificateholder's attorney, and duly
authorized in writing with such signature guaranteed, and thereupon one or more
new Series 2000 Certificates of authorized denominations and for the same
aggregate fractional undivided interest will be issued to the designated
transferee or transferees.

          As provided in the Agreement and subject to certain limitations
therein set forth, Series 2000 Certificates are exchangeable for new Series
2000 Certificates evidencing like aggregate fractional undivided interests as
requested by the Series 2000 Certificateholder surrendering such Series 2000
Certificates. No service charge may be imposed for any such exchange but the
Servicer or Transfer Agent and Registrar may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in
connection therewith.

                                       7

<PAGE>

          The Servicer, the Trustee, the Paying Agent and the Transfer Agent
and Registrar and any agent of any of them, may treat the person in whose name
this Series 2000 Certificate is registered as the owner hereof for all
purposes, and neither the Servicer nor the Trustee, the Paying Agent, the
Transfer Agent and Registrar, nor any agent of any of them, shall be affected
by notice to the contrary except in certain circumstances described in the
Agreement.

          THIS SERIES 2000 CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                                       8

<PAGE>

                                   ASSIGNMENT

            Social Security or other identifying number of assignee

                           -------------------------

          FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto --------------------------------

-----------------------------------------------------------
                               (name and address of assignee)

the within certificate and all rights thereunder, and hereby irrevocably
constitutes and appoints ______________________, attorney, to transfer said
certificate on the books kept for registration thereof, with full power of
substitution in the premises.

Dated:  ______________                                  _____________________*

                                                      Signature Guaranteed:

                                                      ---------------------

-------------------------

(*) NOTE: The signature to this assignment must correspond with the name of the
registered owner as it appears on the face of the within Certificate in every
particular, without alteration, enlargement or any change whatsoever.

                                       9EXHIBIT 4.9

-------------------------------------------------------------------------------

-------------------------------------------------------------------------------

                      CITIBANK CREDIT CARD ISSUANCE TRUST

                                TRUST AGREEMENT

                             dated as of [ ], 2000

                                     among

                   CITIBANK (NEVADA), NATIONAL ASSOCIATION,
                                      and
                        CITIBANK (SOUTH DAKOTA), N.A.,
                               as Beneficiaries,

                                      and

                       THE BANK OF NEW YORK (DELAWARE),
                                  as Trustee

-------------------------------------------------------------------------------

-------------------------------------------------------------------------------

<PAGE>

                               TABLE OF CONTENTS

                                   ARTICLE I

                                  Definitions

                                                                          Page
                                                                          ----

   SECTION 1.01.    Definitions......................................      1
   SECTION 1.02.    Generic Terms....................................      3

                                  ARTICLE II

                                 Organization;
                      Declaration of Trust by the Trustee

   SECTION 2.01.    Formation of Trust; Name........................      4
   SECTION 2.02.    Transfer of Property to Trust; Initial
                    Capital Contribution of Trust Estate............      4
   SECTION 2.03.    Purposes and Powers; Trust To Operate as
                    a Single Purpose Entity.........................      4
   SECTION 2.04.    Appointment of Trustee; Declaration of Trust by
                    the Trustee.....................................      7
   SECTION 2.05.    Title to Trust Estate...........................      7
   SECTION 2.06.    Nature of Interest in the Trust Estate..........      7
   SECTION 2.07.    Situs of Trust..................................      7
   SECTION 2.08.    Tax Matters.....................................      7
   SECTION 2.09.    Fiscal Year.....................................      8

                                  ARTICLE III

              Representations and Warranties of the Beneficiaries

   SECTION 3.01.    Representations and Warranties of the
                    Beneficiaries...................................      8

                                  ARTICLE IV

                            Distributions of Funds

   SECTION 4.01.    Distribution of Funds............................     9

                                      -i-

<PAGE>

                                                                          Page
                                                                          ----

   SECTION 4.02.    Payments from Trust Estate Only..................     9
   SECTION 4.03.    Method of Payment................................    10
   SECTION 4.04.    Establishment of Account.........................    10

                                   ARTICLE V

                             Duties of the Trustee

   SECTION 5.01.    Action Upon Instructions.........................    10
   SECTION 5.02.    No Duty to Act Under Certain Circumstances.......    11
   SECTION 5.03.    No Duties Except Under Specified Agreements or
                    Instructions.....................................    11
   SECTION 5.04.    Trust Operation..................................    12
   SECTION 5.05.    Execution of Documents...........................    12

                                  ARTICLE VI

                          Concerning the Trustee Bank

   SECTION 6.01.    Acceptance of Trust and Duties...................    13
   SECTION 6.02.    Furnishing of Documents..........................    14
   SECTION 6.03.    Representations and Warranties as to the
                    Trust Estate.....................................    14
   SECTION 6.04.    Signature of Returns.............................    14
   SECTION 6.05.    Reliance; Advice of Counsel......................    14
   SECTION 6.06.    Not Acting in Individual Capacity................    15
   SECTION 6.07.    Representations and Warranties...................    15

                                  ARTICLE VII

                        Termination of Trust Agreement

   SECTION 7.01.    Termination......................................    16
   SECTION 7.02.    Certificate of Cancelation.......................    16

                                     -ii-

<PAGE>

                                                                           Page

                                 ARTICLE VIII

                        Successor Trustees, Co-Trustees
                             and Separate Trustees

   SECTION 8.01.    Resignation and Removal of the Trustee;
                    Appointment of Successors........................    16
   SECTION 8.02.    Transfer Procedures..............................    17
   SECTION 8.03.    Qualification of Trustee.........................    17
   SECTION 8.04.    Co-trustees and Separate Trustees................    17

                                  ARTICLE IX

                                  Amendments

   SECTION 9.01.    Amendments.......................................    17

                                   ARTICLE X

                     Ownership Interests and Certificates

   SECTION 10.01.   Issuance of Trust Certificates...................    18
   SECTION 10.02.   Beneficial Interest; Prohibitions on Transfer....    18
   SECTION 10.03.   Lost or Destroyed Trust Certificate..............    19

                                  ARTICLE XI

                  Compensation of Trustee and Indemnification

   SECTION 11.01.   Trustee's Fees and Expenses......................    19
   SECTION 11.02.   Indemnification..................................    20

                                  ARTICLE XII

                                 Miscellaneous

   SECTION 12.01.   Conveyance by the Trustee is Binding.............    20

                                     -iii-

<PAGE>

                                                                        Page

   SECTION 12.02.   Instructions; Notices............................    21
   SECTION 12.03.   Severability.....................................    22
   SECTION 12.04.   Limitation of Liability..........................    22
   SECTION 12.05.   Separate Counterparts............................    22
   SECTION 12.06.   Successors and Assigns...........................    22
   SECTION 12.07.   Headings.........................................    23
   SECTION 12.08.   Governing Law....................................    23

Exhibits

Exhibit A --        Form of Trust Certificate

                                     -iv-

<PAGE>

                         TRUST AGREEMENT dated as of [ ], 2000, among CITIBANK
                    (NEVADA), NATIONAL ASSOCIATION ("Citibank (Nevada)"),
                    CITIBANK (SOUTH DAKOTA), N.A. ("Citibank (South Dakota)"),
                    and THE BANK OF NEW YORK (DELAWARE), a Delaware banking
                    corporation, as owner trustee (the "Trustee").

          In consideration of the mutual agreements herein contained and other
good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto, intending to be legally bound hereby,
agree as follows:

                                   ARTICLE I

                                  Definitions

          SECTION 1.01. Definitions. (a) Capitalized terms used herein and not
defined herein have the meaning assigned to them in the Series 2000
Supplement. For purposes of this Agreement, the following terms have the
following meanings:

          "Agreement" means this Trust Agreement.

          "Beneficiaries" means Citibank (Nevada), Citibank (South Dakota) and
each Permitted Transferee and other transferee under Section 10.02.

          "Beneficiary Percentage" means, (a) with respect to Citibank
(Nevada), [ ]%, and (b) with respect to Citibank (South Dakota), [ ]%;
provided, however, that (i) such percentages may be adjusted from time to time
upon notice by the Managing Beneficiary to the Trustee of such adjustment, and
(ii) the sum of the Beneficiary Percentages will always be 100%.

          "Beneficiary Trust Account" means the account established by the
Trustee on behalf of the Trust in accordance with Section 4.04.

          "Citibank (Nevada)" is defined in the preamble to this Agreement.

          "Citibank (South Dakota)" is defined in the preamble to this
Agreement.

          "Code" means the Internal Revenue Code of 1986, as it may be amended
from time to time.

          "Deliveries" is defined in Section 12.02.

          "Disqualification Event" with respect to the Trustee means (a) the
bankruptcy, insolvency or dissolution of the Trustee, (b) the occurrence of
the date of resignation of the Trustee, as set

<PAGE>

forth in a notice of resignation given pursuant to Section 8.01, or (c) the
delivery to the Trustee of the instrument or instruments of removal referred
to in Section 8.01 (or, if such instruments specify a later effective date of
removal, the occurrence of such later date), or (d) failure of the Trustee to
qualify under the requirements of Section 8.03.

          "Governmental Authority" means the United States of America, any
state or other political subdivision thereof and any entity exercising
executive, legislative, judicial, regulatory or administrative functions of or
pertaining to government.

          "Indemnified Person" is defined in Section 11.02.

          "Indenture" means the Indenture, between the Trust and the Indenture
Trustee, which by its terms is identified as being the Indenture referred to
herein, as amended, restated, supplemented or otherwise modified from time to
time.

          "Indenture Trustee" means Bankers Trust Company as trustee under the
Indenture, and each successor trustee under the Indenture.

          "Managing Beneficiary" means the Beneficiary selected by the
Beneficiaries holding a majority of the Beneficiary Percentages. Initially,
Citibank (South Dakota) will be the Managing Beneficiary.

          "Master Trust" means Citibank Credit Card Master Trust I.

          "Note" is defined in the Indenture.

          "Ownership Interest" means the Ownership Interests issued by the
Trust hereunder with the rights and privileges set forth in Section 10.01.

          "Person" means any legal person, including any individual,
corporation, partnership, joint venture, association, joint-stock company,
trust, unincorporated organization, governmental entity or other entity of
similar nature.

          "Periodic Filing" means any filing or submission that the Trust is
required to make with any federal, state or local authority or regulatory
agency.

          "Permitted Transferee" is defined in Section 10.02.

          "Pooling and Servicing Agreement" means the Pooling and Servicing
Agreement, dated as of May 29, 1991, among Citibank (Nevada) and Citibank
(South Dakota) as Sellers, Citibank (South Dakota) as Servicer, and Bankers
Trust Company as Trustee, as amended, restated, supplemented or otherwise
modified from time to time, including as supplemented by the Series 2000
Supplement.

          "Rating Agency" is defined in the Indenture.

                                       2

<PAGE>

          "Requirement of Law" means any law, treaty, rule or regulation, or
determination of an arbitrator or Governmental Authority, whether Federal,
state or local, and, when used with respect to any Person, the certificate of
incorporation and by-laws or other charter or governing documents of such
Person.

          "Securities Act" means the Securities Act of 1933, as amended.

          "Sellers' Interest" is defined in the Pooling and Servicing
Agreement.

          "Series 2000 Certificate" is defined in the Series 2000 Supplement.

          "Series 2000 Supplement" means the Series 2000 Supplement relating
to the Pooling and Servicing Agreement, which by its terms is identified as
being the Series 2000 Supplement referred to herein, as amended, restated,
supplemented or otherwise modified from time to time.

          "Trust" means the trust established by this Agreement.

          "Trust Certificate" is defined in Section 10.01.

          "Trust Estate" is defined in Section 2.04.

          "Trustee" means The Bank of New York (Delaware), a Delaware banking
corporation not in its individual capacity but solely in its capacity as owner
trustee hereunder, and each successor trustee under Article VIII, in its
capacity as owner trustee hereunder, and each co-trustee under and to the
extent provided in Section 8.04, in its capacity as owner trustee hereunder.

          "Trustee Bank" means The Bank of New York (Delaware) in its
individual capacity, each bank appointed as successor Trustee under Article
VIII in its individual capacity and each bank appointed as co-trustee under
and to the extent provided in Section 8.04 in its individual capacity.

          SECTION 1.02. Generic Terms. (a) The terms "hereby", "hereof",
"hereto", "herein", "hereunder" and any similar terms will refer to this
Agreement.

          (b) Unless otherwise indicated in context, the terms "Article",
"Section", "Exhibit" or "Schedule" will refer to an Article or Section of, or
an Exhibit or Schedule to, this Agreement.

          (c) Words of the masculine, feminine or neuter gender mean and
include the correlative words of other genders, and words importing the
singular number mean and include the plural number and vice versa.

          (d) The terms "include", "including" and similar terms will be
construed as if followed by the phrase "without limitation".

                                       3

<PAGE>

          (e) All terms defined in this Agreement will have the defined
meanings when used in any certificate or other document made or delivered
pursuant hereto or in connection herewith unless otherwise defined therein.

          (f) Any agreement, instrument or statute defined or referred to
herein or in any certificate or other document made or delivered pursuant
hereto or in connection herewith means such agreement, instrument or statute
as from time to time amended, modified or supplemented and includes (in the
case of agreements or instruments) references to all attachments thereto and
instruments incorporated therein; references to a Person are also to its
permitted successors and assigns.

                                  ARTICLE II

                                 Organization;
                      Declaration of Trust by the Trustee

          SECTION 2.01. Formation of Trust; Name. The Trust is hereby formed,
to be named "Citibank Credit Card Issuance Trust ", under which name the
Trustee may conduct any activities and business of the Trust contemplated
hereby, execute contracts and other instruments on behalf of the Trust and sue
and be sued on behalf of the Trust.

          SECTION 2.02. Transfer of Property to Trust; Initial Capital
Contribution of Trust Estate. Each Beneficiary hereby sells, assigns, grants
and transfers, over to the Trustee, as of the date hereof, $1.00. The Trustee
hereby acknowledges receipt in trust from the Beneficiaries, as of the date
hereof, of the foregoing contribution, which shall constitute the initial
Trust Estate.

          SECTION 2.03. Purposes and Powers; Trust To Operate as a Single
Purpose Entity. (a) The purpose of the Trust is to engage solely in a program
of acquiring interests in the Master Trust and issuing Notes under the
Indenture and related activities. Without limiting the generality of the
foregoing, the Trust may and shall have the power and authority to:

          (i) acquire from Citibank (Nevada) and Citibank (South Dakota) the
     Series 2000 Certificate of the Master Trust;

          (ii) from time to time, cause the Invested Amount of the Series 2000
     Certificate to be increased and decreased as provided in the Series 2000
     Supplement;

          (iii) from time to time, grant a security interest in the Series
     2000 Certificate, including the pledge of any portion of the Invested
     Amount of the Series 2000 Certificate, and grant a security interest in
     accounts established for the benefit of indebtedness of the Trust, all to
     secure indebtedness of the Trust, or make any permitted transfer of
     interests in any portion of the Invested Amount of the Series 2000
     Certificate directly or beneficially to any third party;

                                       4

<PAGE>

          (iv) from time to time authorize and approve the issuance of Notes
     pursuant to the Indenture without limitation to aggregate amounts and, in
     connection therewith, determine the terms and provisions of such Notes
     and of the issuance and sale thereof, including the following:

               (A)  determining the principal amount of the Notes,

               (B)  determining the maturity date of the Notes,

               (C) determining the rate of interest, if any, to be paid on the
          Notes,

               (D) determining the price or prices at which such Notes will be
          sold by the Trust,

               (E) determining the provisions, if any, for the redemption of
          such Notes,

               (F) determining the form, terms and provisions of the
          indentures, fiscal agency agreements or other instruments under
          which the Notes may be issued and the banks or trust companies to
          act as trustees, fiscal agents and paying agents thereunder,

               (G) preparing and filing all documents necessary or appropriate
          in connection with the registration of the Notes under the
          Securities Act of 1933, the qualification of indentures under the
          Trust Indenture Act of 1939 and the qualification under any other
          applicable federal, foreign, state, local or other governmental
          requirements,

               (H) preparing any offering memorandum or other descriptive
          material relating to the issuance of the Notes,

               (I) listing the Notes on any United States or non-United States
          stock exchange,

               (J) entering into one or more interest rate or currency swaps,
          caps, collars guaranteed investment contracts or other derivative
          agreements with counterparties (which may include, without
          limitation, Citibank (South Dakota), Citibank (Nevada) or any of
          their affiliates) to manage interest rate or currency risk relating
          to the Notes;

               (K) appointing a paying agent or agents for purposes of
          payments on the Notes; and

                                                         5

<PAGE>

               (L) arranging for the underwriting, subscription, purchase or
          placement of the Notes and selecting underwriters, managers and
          purchasers or agents for that purpose;

          (v) from time to time receive payments and proceeds with respect to
     the Series 2000 Certificate and the Indenture and either invest or
     distribute those payments and proceeds,

          (vi) from time to time make deposits to and withdrawals from
     accounts established under the Indenture;

          (vii) from time to time make and receive payments pursuant to
     derivative agreements;

          (viii) from time to time make payments on the Notes; and

          (ix) from time to time perform such obligations and exercise and
     enforce such rights and pursue such remedies as may be appropriate by
     virtue of the Trust being party to any of the agreements contemplated in
     clauses (i) through (viii) above;

In connection with any of the foregoing, the Trust may (x) execute and
deliver, and/or accept, such instruments, agreements, certificates, Uniform
Commercial Code financing statements and other documents, and create such
security interests, as may be necessary or desirable in connection therewith,
and (y) subject to the terms of this Agreement, take such other action as may
be necessary or incidental to the foregoing.

     (b) The Trust and the Managing Beneficiary, on behalf of the Trust, are
authorized and shall have the power to execute and deliver from time to time
loan agreements, purchase agreements, swap and other derivative agreements,
indentures, notes, security agreements, and other agreements and instruments
as are consistent with the purposes of the Trust. Without limiting the
generality of the foregoing, the Managing Beneficiary, on behalf of the Trust,
is specifically authorized to execute and deliver, without any further act,
vote or approval, and notwithstanding any other provision of this Agreement,
the Delaware Business Trust Act or other applicable law, rule or regulation,
agreements, documents or securities relating to the purposes of the Trust
including:

          (i) the Indenture and each Issuer's Certificate and supplemental
     indenture relating to the Indenture;

          (ii) the Notes;

          (iii) each interest rate or currency swap, cap, collar, guaranteed
     investment contract or other derivative agreement between the Trust and a
     counterparty (which may include, without limitation, Citibank (Nevada),
     Citibank (South Dakota) or any of their affiliates) to manage interest
     rate or currency risk relating to the Notes; and

                                       6

<PAGE>

               (iv) any other document necessary or desirable in connection
          with the fulfillment of the purposes of the Trust described in, and
          pursuant to, Section 2.03(a).

The authorization set forth in the preceding sentence will not be deemed a
restriction on the power and authority of the Managing Beneficiary, on behalf
of the Trust, to execute and deliver other agreements, documents instruments
and securities or to take other actions on behalf of the Trust in connection
with the fulfillment of the purposes of the Trust described in, and pursuant
to, Section 2.03(a).

          (c) The Trustee and the Managing Beneficiary will at all times
maintain the books, records and accounts of the Trust separate and apart from
those of any other Person, and will cause the Trust to hold itself out as
being a Person separate and apart from any other Person.

          (d) The Trust will not engage in any business or own any assets
unrelated to the purposes of the Trust.

          SECTION 2.04. Appointment of Trustee; Declaration of Trust by the
Trustee. The Beneficiaries hereby appoint The Bank of New York (Delaware) as
Trustee of the Trust effective as of the date hereof, to have all the rights,
powers and duties set forth herein and the Delaware Business Trust Act. The
Trustee hereby declares that it will hold the initial Trust Estate, the Series
2000 Certificate and the other documents and assets described in Section 2.03,
together with any payments, proceeds or income of any kind from such documents
or assets or any other source and any other property held under this Agreement
(collectively, the "Trust Estate"), upon the trust set forth herein and for
the sole use and benefit of the Beneficiaries.

          SECTION 2.05. Title to Trust Estate. Title to all of the Trust
Estate will be vested in the Trust until this Agreement terminates pursuant to
Article VII; provided, however, that if the laws of any jurisdiction require
that title to any part of the Trust Estate be vested in the trustees of a
trust, then title to that part of the Trust Estate will be deemed to be vested
in the Trustee or any co-trustee or separate trustee, as the case may be,
appointed pursuant to Article VIII.

          SECTION 2.06. Nature of Interest in the Trust Estate. The
Beneficiaries will not have any legal title to or right to possession of any
part of the Trust Estate.

          SECTION 2.07. Situs of Trust. It is the intention of the parties
hereto that the Trust constitute a business trust under Title 12, Chapter 38
of the Delaware Code and that this Agreement constitute the governing
instrument of the Trust. The Trustee will file a certificate of trust relating
to the Trust with the Secretary of State of the State of Delaware and maintain
its principal office in the State of Delaware.

          SECTION 2.08. Tax Matters. The parties hereto intend that the Trust
will not be treated as a partnership, agency, sole proprietorship or
association for Federal income tax purposes but instead will be treated as a
custodial arrangement for the Beneficiaries, and the parties hereto will file
all their tax returns in a manner consistent with that intent unless otherwise
required by a taxing authority. Except as otherwise expressly provided herein,
any tax elections required or

                                       7

<PAGE>

permitted to be made by the Trust under the Code or otherwise will be made in
such manner as may be determined by the Managing Beneficiary to be in the best
interests of the Beneficiaries. The Trust will not elect to be treated as a
corporation for any tax purpose.

          SECTION 2.09. Fiscal Year. The fiscal year of the Trust will end on
the last day of December of each year.

                                  ARTICLE III

              Representations and Warranties of the Beneficiaries

          SECTION 3.01. Representations and Warranties of the Beneficiaries.
Each Beneficiary hereby represents and warrants to the Trustee as of the date
of this Agreement and as of the date of each increase in the Invested Amount
of the Series 2000 Certificate that:

          (a) Such Beneficiary is a national banking association validly
existing under the laws of the United States and has, in all material
respects, full power and authority to own its properties and conduct its
business as presently owned and conducted, and to execute, deliver and perform
its obligations under this Agreement.

          (b) Such Beneficiary has been duly organized as an association
licensed as a national banking association and is validly existing and in good
standing under the laws of the United States, is duly qualified to do business
and is in good standing under the laws of each jurisdiction which requires
such qualification wherein it owns or leases material properties or conducts
material business, and has full power and authority to enter into and perform
its obligations under this Agreement and to consummate the transactions
contemplated hereby.

          (c) The execution and delivery of this Agreement by such Beneficiary
and the consummation of the transactions provided for in this Agreement have
been duly authorized by such Beneficiary by all necessary corporate action on
the part of such Beneficiary.

          (d) The execution and delivery by such Beneficiary of this
Agreement, the performance of the transactions contemplated by this Agreement
and the fulfillment of the terms hereof applicable to such Beneficiary will
not conflict with or violate any Requirements of Law applicable to such
Beneficiary or conflict with, result in any breach of any of the material
terms and provisions of, or constitute (with or without notice or lapse of
time or both) a material default under, any indenture, contract, agreement,
mortgage, deed of trust or other instrument to which such Beneficiary is a
party or by which it or its properties are bound.

          (e) There are no proceedings or investigations, pending or, to the
best knowledge of such Beneficiary, threatened against such Beneficiary before
any Governmental Authority (i) asserting the invalidity of this Agreement,
(ii) seeking to prevent the consummation of any of the

                                       8

<PAGE>

transactions contemplated by this Agreement, (iii) seeking any determination
or ruling that, in the reasonable judgment of such Beneficiary, would
materially and adversely affect the performanceby such Beneficiary of its
obligations under this Agreement or (iv) seeking any determination or ruling
that would materially and adversely affect the validity or enforceability of
this Agreement.

          (f) All authorizations, consents, orders or approvals of or
registrations or declarations with any Governmental Authority required to be
obtained, effected or given by such Beneficiary in connection with the
execution and delivery by such Beneficiary of this Agreement and the
performance of the transactions contemplated by this Agreement have been duly
obtained, effected or given and are in full force and effect.

          (g) This Agreement constitutes a legal, valid and binding obligation
of such Beneficiary enforceable against such Beneficiary in accordance with
its terms, except (i) as such enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws now
or hereafter in effect affecting the enforcement of creditors' rights in
general, and (ii) as such enforceability may be limited by general principles
of equity (whether considered in a suit at law or in equity).

          (h) The Beneficiaries transferred all of their right, title and
interest in and to the Trust Estate to the Trust free and clear of all claims,
liens and other encumbrances.

                                  ARTICLE IV

                            Distributions of Funds

          SECTION 4.01. Distribution of Funds. All funds received by the Trust
to the extent not encumbered by the Indenture and otherwise available for
distribution (or if encumbered by the Indenture, which have been released by
the relevant parties benefitting from such encumbrance) will be applied in the
following order of priority:

               (i) First, to pay any amounts owing to the Trustee pursuant to
          Sections 11.01 and 11.02; and

               (ii) Second, to be distributed to the Beneficiaries.

          SECTION 4.02. Payments from Trust Estate Only. All payments to be
made by the Trustee under this Agreement will be made only from the income and
the capital proceeds derived from the Trust Estate and only to the extent that
the Trustee will have received income or capital proceeds from the Trust
Estate. Each Beneficiary agrees that it will look solely to the income and
capital proceeds derived from the Trust Estate (to the extent available for
payment as herein provided) and that, except as specifically provided herein,
the Trustee will not be subject to any liability in its individual capacity
under this Agreement to such Beneficiary or to any other Person.

                                       9

<PAGE>

          SECTION 4.03. Method of Payment. All amounts payable to the
Beneficiaries pursuant to this Agreement will be paid by the Trustee to the
applicable Beneficiary or a nominee therefor in such manner as such
Beneficiary may from time to time designate in written instructions to the
Trustee. All funds received by the Trustee on behalf of the Trust not later
than 2:00 p.m. (New York City time) on a Business Day will be applied by the
Trustee on that Business Day. Funds received after that time will be applied
on the next following Business Day.

          SECTION 4.04. Establishment of Account. The Beneficiaries hereby
authorize the Trustee to establish and maintain an account on behalf of the
Trust into which all funds received by the Trustee on behalf of the Trust
shall be deposited. Such account shall be designated the Beneficiary Trust
Account.

                                   ARTICLE V

                             Duties of the Trustee

          SECTION 5.01. Action Upon Instructions. (a) It is the intention of
the Beneficiaries that the powers and duties of the Trustee are to be purely
ministerial only, and that the Managing Beneficiary will have the power to
direct the Trustee as to all nonministerial matters concerning the
administration of the Trust (to the extent such matters are within the powers
of the Managing Beneficiary). Accordingly, subject to Sections 5.01(b),
5.01(c), and Article XII, the Managing Beneficiary will direct the Trustee in
the management of the Trust and the Trust Estate. Such direction shall be
exercised at any time only by written instruction of the Managing Beneficiary
delivered to the Trustee pursuant to this Article V.

          (b) The Trustee will take such action or actions as may be specified
in any instructions delivered in accordance with Section 5.01(a); provided,
however, that the Trustee will not be required to take any such action if the
Trustee Bank will have been advised by counsel, that such action (i) is
contrary to the terms hereof or of any document contemplated hereby to which
the Trustee is a party or is otherwise contrary to law, or (ii) is likely to
result in liability on the part of the Trustee Bank, unless the Trustee Bank
will have received additional indemnification or security satisfactory to the
Trustee Bank from the Managing Beneficiary against all costs, expenses and
liabilities arising from the Trustee's taking such action.

          (c) The Managing Beneficiary will not direct the Trustee to take or
refrain from taking any action contrary to this Agreement, nor will the
Trustee be obligated to follow any such direction.

          (d) In the event that the Trustee is unsure as to the application of
any provision of this Agreement, or such provision is ambiguous as to its
application, or is, or appears to be, in conflict with any other applicable
provision, or this Agreement permits any determination by the Trustee or is
silent or is incomplete as to the course of action to be adopted, the Trustee
will promptly give notice to the Managing Beneficiary requesting written
instructions as to the course of action to be adopted and, to the extent the
Trustee acts in good faith in accordance with such written

                                      10

<PAGE>

instructions received from the Managing Beneficiary, the Trustee will not be
liable on account of such action to any Person. If the Trustee will not have
received appropriate written instructions within 30 days of such notice (or
within such shorter period of time as reasonably may be specified in such
notice) it may, but shall be under no duty to, take or refrain from taking
such action, not inconsistent with this Agreement, as it deems to be in the
best interests of the Beneficiaries, and will have no liability to any Person
for such action or inaction.

          (e) The Trustee will, subject to this Section 5.01, act in
accordance with the instructions given to it by the Managing Beneficiary
pursuant to Section 5.01(a), and to the extent the Trustee acts in good faith
in accordance with such instructions, the Trustee will not be liable on
account of such action to any Person.

          SECTION 5.02. No Duty to Act Under Certain Circumstances.
Notwithstanding anything contained herein to the contrary, neither the Trustee
Bank nor the Trustee, except a Trustee Bank authorized as co-trustee, will be
required to take any action in any jurisdiction other than in the State of
Delaware if the taking of such action would (i) require the consent or
approval or authorization or order of or the giving of notice to, or the
registration with or taking of any action in respect of, any state or other
governmental authority or agency of any jurisdiction other than the State of
Delaware; (ii) result in any fee, tax or governmental charge under the laws of
any jurisdiction or any political subdivisions thereof in existence on the
date hereof other than the State of Delaware becoming payable by the Trustee
Bank; or (iii) subject the Trustee Bank to personal jurisdiction in any
jurisdiction other than the State of Delaware for causes of action arising
from acts unrelated to the consummation of the transactions by the Trustee
Bank or the Trustee, as the case may be, contemplated hereby.

          SECTION 5.03. No Duties Except Under Specified Agreements or
Instructions. (a) The Trustee will not have any duty or obligation to manage,
control, use, make any payment in respect of, register, record, insure,
inspect, sell, dispose of, create, maintain or perfect any security interest
or title in or otherwise deal with any part of the Trust Estate, prepare, file
or record any document or report (including any tax related filing for any
holder of Notes), or to otherwise take or refrain from taking any action
under, or in connection with, this Agreement, the Trust or any document
contemplated hereby to which the Trust or the Trustee is a party, except as
expressly provided by the terms of this Agreement or in written instructions
from the Managing Beneficiary received pursuant to Section 5.01; and no
implied duties or obligations will be read into this Agreement against the
Trustee. Unless otherwise directed by the Managing Beneficiary in accordance
with Section 5.01(a), the Trustee shall have no obligation or duty to take any
action the Trust is authorized and empowered to take pursuant to Section
2.03(a). The Trustee Bank nevertheless agrees that it will, in its individual
capacity and at its own cost and expense, promptly take all action as may be
necessary to discharge any lien, pledge, security interest or other
encumbrance on any part of the Trust Estate which results from actions by or
claims against the Trustee Bank not related to the ownership of any part of
the Trust Estate.

          (b) The Trustee agrees that it will not manage, control, use, lease,
sell, dispose of or otherwise deal with any part of the Trust Estate except
(i) in accordance with the powers granted

                                      11

<PAGE>

to, or the authority conferred upon, the Trustee pursuant to this Trust
Agreement, or (ii) in accordance with the express terms hereof or with written
instructions from the Managing Beneficiary pursuant to Section 5.01. Unless
otherwise directed by the Managing Beneficiary in accordance with Section
5.01(a), the Trustee shall not be required to perform any obligations or
duties of the Trust under the Indenture, which duties and obligations shall be
the sole responsibility of the Managing Beneficiary.

          SECTION 5.04. Trust Operation. The operations of the Trust will be
conducted in accordance with the following standards:

               (a) the Trust will act solely in its own name through the
          Trustee or the Managing Beneficiary;

               (b) the Trust will not incur any indebtedness for money
          borrowed or incur any obligations except in connection with the
          purposes set forth in Section 2.03 of this Agreement;

               (c) the Trust's funds and assets will at all times be
          maintained separately from those of the Beneficiaries and their
          affiliates;

               (d) the Trust will take all reasonable steps to continue its
          identity as a separate legal entity and to make it apparent to third
          persons that it is an entity with assets and liability distinct from
          those of the Beneficiaries, the Beneficiaries' affiliates or any
          other third person, and will use stationery and other business forms
          of the Trustee or the Trust and not that of the Beneficiaries or any
          of their affiliates, and will use its best efforts to avoid the
          appearance (i) of conducting business on behalf of the Beneficiaries
          or any affiliates thereof, or (ii) that the assets of the Trust are
          available to pay the creditors of the Beneficiaries or any
          affiliates thereof;

               (e) the Trust will not hold itself out as being liable for the
          debts of the Beneficiaries or any affiliates thereof;

               (f) the Trust will not engage in any transaction with the
          Beneficiaries or any affiliates thereof, except as required, or
          specifically permitted, by this Agreement or unless such transaction
          is otherwise on terms neither more favorable nor less favorable than
          the terms and conditions available at the time to the Trust for
          comparable transactions with other Persons; and

               (g) the Trust will not enter into any voluntary bankruptcy or
          insolvency proceeding without a finding that the Trust's liabilities
          exceeds its assets or that the Trust is unable to pay its debts in a
          timely manner as they become due.

          SECTION 5.05. Execution of Documents. The Trustee will, at the
written direction of the Managing Beneficiary, execute and deliver on behalf
of the Trust such instruments, agreements and certificates contemplated hereby
to which the Trust is a party (such direction to

                                      12

<PAGE>

be conclusively evidenced by the Trustee's execution and delivery of such
documents to, and acceptance by, the Managing Beneficiary or its counsel).

          SECTION 5.06. Nonpetition Covenants. Notwithstanding any prior
termination of the Trust or this Agreement, each of the Trustee and the
Beneficiaries covenants and agrees that it shall not at any time with respect
to the Trust or the Master Trust acquiesce, petition or otherwise invoke or
cause the Trust or the Master Trust to invoke the process of any court or
government authority for the purpose of commencing or sustaining a case
against the Trust or the Master Trust under any Federal or state bankruptcy,
insolvency or similar law or appointing a receiver, conservator, liquidator,
assignee, trustee, custodian, sequestrator or other similar official of the
Trust or the Master Trust or any substantial part of its property, or ordering
the winding up or liquidation of the affairs of the Trust or the Master Trust;
provided, however, that this Section 5.06 shall not operate to preclude any
remedy described in Article VII of the Indenture.

                                  ARTICLE VI

                          Concerning the Trustee Bank

          SECTION 6.01. Acceptance of Trust and Duties. The Trustee Bank
accepts the trust hereby created and agrees to perform the same but only upon
the terms of this Agreement. The Trustee Bank also agrees to disburse all
moneys actually received by it constituting part of the Trust Estate in
accordance with the terms of this Agreement. The Trustee Bank will not be
answerable or accountable under any circumstances in its individual capacity,
except (i) for its own willful misconduct or gross negligence, (ii) in the
case of the inaccuracy of any representation or warranty contained in Section
6.07, (iii) for the failure by the Trustee to perform obligations expressly
undertaken by it in the last sentence of Section 5.03(a), or (iv) for taxes,
fees or other charges on, based on or measured by, any fees, commissions or
other compensation earned by the Trustee Bank for acting as trustee hereunder.
In particular, but not by way of limitation:

          (a) The Trustee Bank will not be personally liable for any error of
     judgment made in good faith by an authorized officer of the Trustee so
     long as the same will not constitute gross negligence or willful
     misconduct;

          (b) The Trustee Bank will not be personally liable with respect to
     any action taken or omitted to be taken by the Trustee in good faith in
     accordance with the instructions of the Managing Beneficiary;

          (c) No provision of this Agreement will require the Trustee Bank to
     expend or risk its personal funds or otherwise incur any financial
     liability in the performance of any of its rights or powers hereunder, if
     the Trustee Bank will have reasonable grounds for believing that
     repayment of such funds or adequate indemnity against such risk or
     liability is not reasonably assured or provided to it, including such
     advances as the Trustee Bank may reasonably request;

                                      13

<PAGE>

          (d) Under no circumstance will the Trustee Bank be personally liable
     for the accuracy or performance of any representation, warranty,
     covenant, agreement or other obligation, including any indebtedness, of
     the Trust;

          (e) The Trustee Bank will not be personally responsible or liable
     for or in respect of the validity or sufficiency of this Agreement or for
     the due execution hereof by the Beneficiaries or with respect to any
     agreement entered into by the Trust.

          (f) Under no circumstances will the Trustee Bank be responsible or
     liable for the action or inaction of the Managing Beneficiary, nor will
     the Trustee Bank be responsible for monitoring the performance of the
     Managing Beneficiary's duties hereunder or of any other Person acting for
     or on behalf of the Trust.

          (g) In no event shall the Trustee Bank be personally liable (i) for
     special, consequential or punitive damages unless such damages result
     from its willful misconduct or gross negligence, (ii) for the acts or
     omissions of its nominees, correspondents, clearing agencies or
     securities depositories, (iii) for the acts or omissions of brokers or
     dealers, and (iv) for any losses due to forces beyond the control of the
     Trustee Bank, including strikes, work stoppages, acts of war or
     terrorism, insurrection, revolution, nuclear or natural catastrophes or
     acts of God and interruptions, loss or malfunctions of utilities,
     communications or computer (software and hardware) services. The Trustee
     Bank shall have no responsibility for the accuracy of any information
     provided to the Beneficiaries or any other Person that has been obtained
     from, or provided to the Trustee Bank by, any other Person.

          SECTION 6.02. Furnishing of Documents. The Trustee will furnish to
the Managing Beneficiary, within a reasonable time under the circumstances
after receipt thereof, duplicates or copies of all reports, notices, requests,
demands, certificates, financial statements and any other instruments
furnished to the Trustee with respect to the Trust or the Trust Estate.

          SECTION 6.03. Representations and Warranties as to the Trust Estate.
The Trustee makes no representation or warranty as to, and shall not be liable
for, the title, value, condition, design, operation, merchantability or
fitness for use of the Trust Estate (or any part thereof) or any other
representation or warranty, express or implied, whatsoever with respect to the
Trust Estate (or any part thereof) except that the Trustee, in its individual
capacity, hereby represents and warrants to the Beneficiaries that it will
comply with the last sentence of Section 5.03(a).

          SECTION 6.04. Signature of Returns. At the written direction of the
Managing Beneficiary, the Trustee will sign on behalf of the Trust any
Periodic Filings of the Trust or other documents relating to the Trust
prepared by, or on behalf of, the Managing Beneficiary.

          SECTION 6.05. Reliance; Advice of Counsel. The Trustee will incur no
liability to anyone in acting upon any signature, instrument, notice,
resolution, request, consent, order, certificate, report, opinion, bond or
other document or paper believed by it to be genuine and believed by it to be
signed by the proper party or parties. The Trustee may accept a certified copy

                                      14

<PAGE>

of a resolution of the board of directors or other governing body of any
entity as conclusive evidence that such resolution has been duly adopted by
such body and that the same is in full force and effect. As to any fact or
matter the manner of ascertainment of which is not specifically prescribed
herein, the Trustee may for all purposes rely on an officer's certificate of
the relevant party, as to such fact or matter, and such officer's certificate
will constitute full protection to the Trustee for any action taken or omitted
to be taken by it in good faith in reliance thereon. In the administration of
the Trust, the Trustee may, at the expense of the Trust (i) execute the trust
or any of the powers hereof and perform its powers and duties hereunder
directly or through agents or attorneys, and the Trustee will not be liable
for the default or misconduct of any agent or attorney appointed by it in good
faith; and (ii) consult with counsel, accountants and other skilled persons to
be selected and employed by it, and the Trustee will not be liable for
anything done, suffered or omitted in good faith by it in accordance with the
advice or opinion of any such counsel, accountants or other skilled persons.

          SECTION 6.06. Not Acting in Individual Capacity. Except as provided
in this Article VI, in accepting the trust hereby created the Trustee Bank
acts solely as Trustee hereunder and not in its individual capacity; and all
Persons having any claim against the Trust or the Trustee, whether by reason
of the transactions contemplated by this Agreement or otherwise, will look
only to the Trust Estate (or a part thereof, as the case may be) for payment
or satisfaction thereof, except as specifically provided in this Article VI.

          SECTION 6.07. Representations and Warranties. The Trustee Bank,
other than a Trustee Bank appointed as a co-trustee, hereby represents and
warrants to the Beneficiaries that:

                  (a) The Trustee Bank is a Delaware banking corporation
         organized, validly existing and in good standing under the laws of
         the State of Delaware and has all corporate powers and all material
         governmental licenses, authorizations, consents and approvals
         required under the laws of the State of Delaware to carry on its
         trust business as now conducted.

               (b) The execution, delivery and performance by the Trustee
          Bank, in its individual capacity, of this Agreement are within the
          corporate power of the Trustee Bank, have been duly authorized by
          all necessary corporate action on the part of the Trustee Bank (no
          action by its shareholders being required) and do not (i) violate or
          contravene any judgment, injunction, order or decree binding on the
          Trustee Bank or (ii) violate, contravene or constitute a default
          under any provision of the articles of incorporation or bylaws of
          the Trustee Bank or (iii) result in the creation or imposition of
          any lien attributable to the Trustee Bank, in its individual
          capacity, on the Trust Estate. This Agreement constitutes the legal,
          valid and binding agreement of the Trustee Bank, enforceable against
          the Trustee Bank in accordance with its terms except to the extent
          that the enforceability thereof is subject to (i) bankruptcy,
          insolvency, fraudulent transfer, reorganization, moratorium,
          receivership and other similar laws now or hereafter in effect
          related to creditors' rights generally and (ii) general principles
          of equity, regardless of whether such enforceability is considered
          in a proceeding in equity or at law.

                                      15

<PAGE>

               (c) No consent, approval, authorization or order of, or filing
          with, any court or regulatory, supervisory or governmental agency or
          body of the State of Delaware is required by the Trustee Bank under
          current Delaware law in connection with the execution, delivery or
          performance by the Trustee Bank, in its individual capacity, of this
          Agreement.

               (d) The Trustee Bank complies with all of the requirements of
          Chapter 38, Title 12 of the Delaware Code relating to the
          qualification of a trustee of a Delaware business trust.

                                  ARTICLE VII

                        Termination of Trust Agreement

          SECTION 7.01. Termination. This Agreement and the Trust created
hereby will automatically terminate, and this Agreement will be of no further
force or effect, upon the sale or other final disposition by the Trust of all
property constituting part of the Trust Estate and the final distribution by
the Managing Beneficiary of all moneys or other property or proceeds
constituting part of the Trust Estate in accordance with the terms of Article
IV.

          SECTION 7.02. Certificate of Cancelation. Upon the termination of
the Trust and written instruction from the Managing Beneficiary, the Trustee
will file a certificate of cancelation with the Secretary of State of the
State of Delaware.

                                 ARTICLE VIII

                        Successor Trustees, Co-Trustees
                             and Separate Trustees

          SECTION 8.01. Resignation and Removal of the Trustee; Appointment of
Successors. Upon the occurrence of a Disqualification Event with respect to
the Trustee, the Beneficiaries may appoint a successor Trustee by an
instrument signed by the Beneficiaries. If a successor Trustee has not been
appointed within 30 days after the giving of written notice of such
resignation or the delivery of the written instrument with respect to such
removal, the Trustee or the Beneficiaries may apply to any court of competent
jurisdiction to appoint a successor Trustee to act until such time, if any, as
a successor Trustee has been appointed as above provided. Any successor
Trustee so appointed by such court will immediately and without further act be
superseded by any successor Trustee appointed as above provided within one
year from the date of the appointment by such court. The Trustee may resign at
any time without cause by giving at least 30 days' prior written notice to the
Beneficiaries. In addition, the Beneficiaries may at any time remove the
Trustee without cause by an instrument in writing delivered to the Trustee. No
such removal or resignation shall become effective until a successor Trustee,
however appointed, becomes vested as Trustee hereunder pursuant to Section
8.02. The Managing Beneficiary will

                                      16

<PAGE>

notify the Rating Agencies promptly after the resignation or removal of the
Trustee and promptly after the appointment of a successor Trustee.

          SECTION 8.02. Transfer Procedures. Any successor Trustee, however
appointed, will execute and deliver to the predecessor Trustee an instrument
accepting such appointment, and such other documents of transfer as may be
necessary, and thereupon such successor Trustee, without further act, will
become vested with all the estates, properties, rights, powers, duties and
trust of the predecessor Trustee in the trust hereunder with like effect as if
originally named a Trustee herein and the predecessor Trustee will be fully
discharged of its duties and obligations to serve as Trustee hereunder.

          SECTION 8.03. Qualification of Trustee. Any Trustee will at all
times (i) be a trust company or a banking corporation under the laws of its
state of incorporation or a national banking association, having all corporate
powers and all material governmental licenses, authorizations, consents and
approvals required to carry on a trust business in the State of Delaware, (ii)
comply with Section 3807 (and any other applicable Section) of the Delaware
Code relating to the treatment of Delaware Business Trusts (Title 12, Chapter
38), (iii) have a combined capital and surplus of not less than $50,000,000
(or have its obligations and liabilities irrevocably and unconditionally
guaranteed by an affiliated Person having a combined capital and surplus of at
least $50,000,000) and (iv) be rated at least BBB- by Standard & Poor's.

          SECTION 8.04. Co-trustees and Separate Trustees. Whenever the
Trustee or the Managing Beneficiary will deem it necessary or prudent in order
either to conform to any law of any jurisdiction in which all or any part of
the Trust Estate will be situated or to make any claim or bring any suit with
respect to the Trust Estate, or whenever the Trustee or the Beneficiaries will
be advised by counsel satisfactory to them that such action is necessary or
prudent, the Trustee and the Beneficiaries will execute and deliver an
agreement supplemental hereto and all other instruments and agreements, and
will take all other actions, necessary or proper to appoint one or more
Persons either as co-trustee or co-trustees jointly with the Trustee of all or
any part of the Trust Estate, or as a separate trustee or separate trustees of
all or any part of the Trust Estate, and to vest in such Persons, in such
capacity, such title to the Trust Estate or any part thereof, and such rights
or duties, as may be necessary or desirable, all for such period and under
such terms and conditions as are satisfactory to the Trustee and the
Beneficiaries. In case a Disqualification Event will occur with respect to any
such co-trustee or separate trustee, the title to the Trust Estate and all
rights and duties of such co-trustee or separate trustee will, so far as
permitted by law, vest in and be exercised by the Trustee, without the
appointment of a successor to such co-trustee or separate trustee.

                                  ARTICLE IX

                                  Amendments

          SECTION 9.01. Amendments. (a) This Agreement may be amended only by
a written instrument executed by the Trustee, at the written direction of the
Managing Beneficiary, and

                                      17

<PAGE>

the Beneficiaries, upon issuance of a Master Trust Tax Opinion and an Issuer
Tax Opinion (each as defined in the Indenture), which shall not be expenses of
the Trustee or Trustee Bank, and in compliance with Article X of the
Indenture.

          (b) No such amendment shall increase the duties or obligations of
the Trustee under this Agreement or decrease its rights or benefits hereunder,
without the consent of the Trustee, which consent shall be evidenced by the
Trustee's execution of such amendment. If in the opinion of the Trustee any
instrument required to be executed adversely affects any right, duty or
liability of, or immunity or indemnify in favor of, the Trustee or the Trustee
Bank under this Agreement or any of the documents contemplated hereby, or
would cause or result in any conflict with or breach of any terms, conditions
or provisions of, or default under, the charter documents or by-laws of the
Trustee Bank, the Trustee may in its good faith discretion decline to execute
such instrument.

                                   ARTICLE X

                     Ownership Interests and Certificates

          SECTION 10.01. Issuance of Trust Certificates. (a) Promptly
following the execution and delivery of this Agreement, the Trustee will issue
and deliver to each Beneficiary a certificate of beneficial ownership of the
Trust Estate substantially in the form of Exhibit A hereto (each, a "Trust
Certificate") evidencing such Beneficiary's respective ownership interests
(the "Ownership Interests") in the Trust.

          (b) Each Trust Certificate will be executed by manual signature on
behalf of the Trustee by an authorized officer. A Trust Certificate bearing
the manual signature of an individual who was, at the time when such signature
was affixed, an authorized officer will bind the Trust, notwithstanding that
such individual has ceased to be so authorized prior to the delivery of such
Trust Certificate. Each Trust Certificate will be dated the date of its
execution.

          (c) The Beneficiaries will be entitled to all rights provided to
them under this Agreement and in the Trust Certificates and will be subject to
the terms and conditions contained in this Agreement and in the Trust
Certificates.

          (d) The Trustee will maintain at its office referred to in Section
2.07, or at the office of any agent appointed by it and approved in writing by
the Managing Beneficiary, a register for the registration and transfer of the
Trust Certificates. Such register will show the name and address of each
holder of a Trust Certificate, and the Trustee will treat such register as
definitive and binding for all purposes hereunder.

          SECTION 10.02. Beneficial Interest; Prohibitions on Transfer. (a)
The Ownership Interests will initially be beneficially owned by Citibank
(South Dakota) and Citibank (Nevada). Transfers of the Ownership Interests and
the Trust Certificates may be made between Citibank (South Dakota) and
Citibank (Nevada) or to any other Person who is an

                                      18

<PAGE>

Affiliate of Citibank (South Dakota) or Citibank (Nevada) (a "Permitted
Transferee"). No Beneficiary may transfer,assign, exchange or otherwise pledge
or convey all or any part of its right, title and interest in and to a Trust
Certificate or its Ownership Interest to any other Person, except (i) to any
Permitted Transferee, or (ii) to the extent a corresponding transfer of the
Series 2000 Certificate would be permitted by the Pooling and Servicing
Agreement. Any purported transfer by a Beneficiary of all or any part of its
right, title and interest in and to a Trust Certificate or Ownership Interest
by a Beneficiary to any Person, which is not in compliance with the terms of
this Section 10.02, will be null and void.

          (b) Each Trust Certificate will bear a legend setting forth the
restriction on the transferability of Ownership Interests substantially as
follows:

          "THIS CERTIFICATE OF BENEFICIAL INTEREST MAY NOT BE TRANSFERRED,
          ASSIGNED, EXCHANGED OR OTHERWISE PLEDGED OR CONVEYED EXCEPT IN
          COMPLIANCE WITH THE TERMS OF THE TRUST AGREEMENT REFERRED TO BELOW.
          IN ADDITION, THE BENEFICIAL INTEREST IN THE TRUST REPRESENTED BY
          THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE
          SECURITIES ACT OF 1933 (THE "ACT") OR ANY STATE SECURITIES LAWS AND
          MAY NOT BE DIRECTLY OR INDIRECTLY OFFERED OR SOLD OR OTHERWISE
          DISPOSED OF BY THE HOLDER HEREOF UNLESS SUCH TRANSACTION IS EXEMPT
          FROM REGISTRATION UNDER THE ACT, THE INVESTMENT COMPANY ACT OF 1940
          AND APPLICABLE STATE SECURITIES LAWS."

          SECTION 10.03. Lost or Destroyed Trust Certificate. If any Trust
Certificate will become mutilated, destroyed, lost or stolen, the Trustee
will, upon the written request of the holder of such Trust Certificate, and
compliance with all applicable terms of this paragraph, execute and deliver to
such holder in replacement thereof a new Trust Certificate dated the same date
as on the Trust Certificate so mutilated, destroyed, lost or stolen. If the
Trust Certificate being replaced has been mutilated, destroyed, lost or
stolen, the holder of such Trust Certificate will furnish to the Trustee such
security or indemnity as may be required by the Trustee to save the Trustee
harmless from any damage, loss or liability in connection with such Trust
Certificate, and the Trustee may require from the party requesting such new
Trust Certificate payment of a sum to reimburse the Trustee for, or to provide
funds for, the payment of any costs, fees and expenses and any tax or other
governmental charge in connection therewith and any charges paid or payable by
the Trustee.

                                  ARTICLE XI

                  Compensation of Trustee and Indemnification

          SECTION 11.01. Trustee's Fees and Expenses. To the extent funds are
available pursuant to Section 4.01, the Trust will (i) pay to the Trustee Bank
all fees and other charges described in a separate fee agreement dated as of
the date hereof between the Trust and

                                      19

<PAGE>

the Trustee Bank promptly when due thereunder and (ii) reimburse the Trustee
Bank for all otherreasonable out-of-pocket costs and expenses (including
reasonable fees and expenses of counsel) incurred by it in connection with its
acting as Trustee of the Trust.

          SECTION 11.02. Indemnification. To the extent funds are available
pursuant to Section 4.01, the Trust hereby agrees, whether or not any of the
transactions contemplated by this Agreement will be consummated, to assume
liability for, and hereby indemnifies, protects, saves and keeps harmless the
Trustee Bank and its officers, directors, successors, assigns, legal
representatives, agents and servants (each an "Indemnified Person"), from and
against any and all liabilities, obligations, losses, damages, penalties,
taxes, claims, actions, investigations, proceedings, costs, expenses or
disbursements (including reasonable legal fees and expenses) of any kind and
nature whatsoever which may be imposed on, incurred by or asserted at any time
against an Indemnified Person (whether or not also indemnified against by any
other person) in any way relating to or arising out of (i) this Agreement or
any other related documents or the enforcement of any of the terms of any
thereof, the administration of the Trust Estate or the action or inaction of
the Trustee, or the Trustee Bank under this Agreement, and (ii) the
manufacture, purchase, acceptance, nonacceptance, rejection, ownership,
delivery, lease, possession, use, operation, condition, sale, return or other
disposition of any property (including any strict liability, any liability
without fault and any latent and other defects, whether or not discoverable),
except, in any such case, to the extent that any such liabilities,
obligations, losses, damages, penalties, taxes, claims, actions,
investigations, proceedings, costs, expenses and disbursements are the result
of any of the matters described in the third sentence of Section 6.01 hereof.

          In case any such action, investigation or proceeding will be brought
involving an Indemnified Person, the Trust will assume the defense thereof,
including the employment of counsel and the payment of all expenses. The
Trustee Bank will have the right to employ separate counsel in any such
action, investigation or proceeding and to participate in the defense thereof
and reasonable counsel fees and expenses of such counsel will be paid by the
Trust.

          The indemnification set forth herein will survive the termination of
this Agreement.

                                  ARTICLE XII

                                 Miscellaneous

          SECTION 12.01. Conveyance by the Trustee is Binding. Any sale or
other conveyance of any part of the Trust Estate by the Trustee made pursuant
to the terms of this Agreement will bind the Beneficiaries and will be
effective to transfer or convey all beneficial interest of the Trustee and
Beneficiaries in and to such part of the Trust Estate, as the case may be. No
purchaser or other grantee will be required to inquire as to the
authorization, necessity, expediency or regularity of such sale or conveyance
or as to the application of any sale or other proceeds with respect thereto by
the Trustee or the officers.

                                      20

<PAGE>

          SECTION 12.02. Instructions; Notices. All instructions, notices,
requests or other communications ("Deliveries") desired or required to be
given under this Agreement will be in writing and will be sent by (a)
certified or registered mail, return receipt requested, postage prepaid, (b)
national prepaid overnight delivery service, (c) telecopy or other facsimile
transmission or (d) personal delivery, with receipt acknowledged in writing,
to the following addresses:

         (i) if to Citibank (South Dakota):

                  701 East 60th  Street, North
                  Sioux Falls, South Dakota 57117
                  Attention:   Chief Financial Officer

                  with a copy to:

                  701 East 60th  Street, North
                  Sioux Falls, South Dakota 57117
                  Attention:  General Counsel

         (ii) if to Citibank (Nevada):

                  8725 West Sahara Avenue
                  Las Vegas, NV 89163
                  Attention:  Chief Financial Officer

                  with a copy to:

                  8725 West Sahara Avenue
                  Las Vegas, NV 89163
                  Attention:  General Counsel

         (iii) if to the Trustee:

                  The Bank of New York (Delaware)
                  White Clay Center
                  Newark, Delaware 19711

                  Attention:  Corporate Trust Administration

                  with a copy to:

                                      21

<PAGE>

                  The Bank of New York
                  101 Barclay Street
                  New York, New York 10286

                  Attention:  Corporate Trust Administration

          All Deliveries will be deemed given when actually received or
refused by the party to whom the same is directed (except to the extent sent
by certified or registered mail, return receipt requested, postage prepaid, in
which event such Deliveries will be deemed given three days after the date of
mailing and except to the extent sent by telecopy or other facsimile
transmission, in which event such Deliveries will be deemed given when answer
back is received). Either party may designate a change of address or
supplemental address by notice to the other party, given at least 15 days
before such change of address is to become effective.

          SECTION 12.03. Severability. Any provision of this Agreement which
is prohibited or unenforceable in any jurisdiction will, as to such
jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction will not invalidate
or render unenforceable any provision hereof in any other jurisdiction.

          SECTION 12.04. Limitation of Liability. (a) Neither any Beneficiary
nor any officer, director, employee, agent, partner, shareholder, trustee or
principal of (i) the Beneficiaries, (ii) the Trust or (iii) any Person owning,
directly or indirectly, any legal or beneficial interest in either
Beneficiary, will have any liability or obligation with respect to the Trust
or the performance of this Agreement or any other agreement, document or
instrument executed by the Trust, and the creditors of the Trust and all other
Persons will look solely to the Trust Estate for the satisfaction of any
claims with respect thereto. The foregoing limitation of liability is subject
to Section 12.06 and is in addition to, and not exclusive of, any limitation
of liability applicable to the Persons referred to above by operation of law.

          (b) All agreements entered into by the Trust under which the Trust
would have any material liability will contain an exculpatory provision
substantially to the following effect:

               Neither any trustee nor any beneficiary of Citibank Credit Card
               Issuance Trust nor any of their respective officers, directors,
               employers or agents will have any liability with respect to
               this agreement, and recourse may be had solely to the assets of
               Citibank Credit Card Issuance Trust with respect thereto.

          SECTION 12.05. Separate Counterparts. This Agreement may be executed
by the parties hereto in separate counterparts, each of which when so executed
and delivered will be an original, but all such counterparts will together
constitute but one and the same instrument.

                                      22

<PAGE>

         SECTION 12.06. Successors and Assigns. All covenants and agreements
contained herein will be binding upon, and inure to the benefit of, the
Trustee and its successors and assigns and the Beneficiaries and their
successors and assigns, all as herein provided. Any request, notice,
direction, consent, waiver or other instrument or action by any Beneficiary
will bind the successors and assigns of such Beneficiary.

          SECTION 12.07. Headings. The headings of the various Articles and
Sections herein are for convenience of reference only and will not define or
limit any of the terms or provisions herein.

          SECTION 12.08. Governing Law. This Agreement will in all respects be
governed by, and construed in accordance with, the laws of the State of
Delaware without regard to conflicts of law principles of such State.

                                      23

<PAGE>

          IN WITNESS WHEREOF, the parties hereto have each caused this
Agreement to be duly executed, all as of the day and year first above written.

                                    THE BANK OF NEW YORK
                                    (DELAWARE), as Trustee

                                     by
                                        ---------------------------------------
                                        Name:
                                        Title:

                                    CITIBANK (NEVADA), NATIONAL
                                    ASSOCIATION, as Beneficiary

                                    by
                                      -----------------------------------------
                                      Name:
                                      Title:

                                    CITIBANK (SOUTH DAKOTA), N.A., as
                                    Beneficiary

                                    by
                                       ----------------------------------------
                                       Name:
                                       Title:

                                      24

<PAGE>

                                                                      EXHIBIT A

                           FORM OF TRUST CERTIFICATE

THIS CERTIFICATE OF BENEFICIAL INTEREST MAY NOT BE TRANSFERRED, ASSIGNED,
EXCHANGED OR OTHERWISE PLEDGED OR CONVEYED EXCEPT IN COMPLIANCE WITH THE TERMS
OF THE TRUST AGREEMENT REFERRED TO BELOW. IN ADDITION, THE BENEFICIAL INTEREST
IN THE TRUST REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE
REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "ACT") OR ANY STATE
SECURITIES LAWS AND MAY NOT BE DIRECTLY OR INDIRECTLY OFFERED OR SOLD OR
OTHERWISE DISPOSED OF BY THE HOLDER HEREOF UNLESS SUCH TRANSACTION IS EXEMPT
FROM REGISTRATION UNDER THE ACT, THE INVESTMENT COMPANY ACT OF 1940 AND
APPLICABLE STATE SECURITIES LAWS.

                      CITIBANK CREDIT CARD ISSUANCE TRUST

                      CERTIFICATE OF BENEFICIAL INTEREST

                       UNDER TRUST AGREEMENT DATED AS OF
                                   [ ], [ ]

Certificate No. [  ]                                       [        ], [      ]

          The Bank of New York (Delaware), a Delaware banking corporation, not
in its individual capacity but solely as trustee (the "Trustee") under a Trust
Agreement dated as of [ ], [ ] (the "Trust Agreement"), among Citibank
(Nevada), National Association ("Citibank (Nevada)"), and Citibank (South
Dakota), N.A. ("Citibank (South Dakota)") as Beneficiaries, and the Trustee,
hereby certifies on behalf of the Trust that [Citibank (Nevada)] [Citibank
(South

<PAGE>

Dakota)] is the owner (the "Owner") of its Beneficiary Percentage of the
Ownership Interests in the Trustprovided for and created by the Trust
Agreement. This Certificate of Beneficial Interest is issued pursuant to and
is entitled to the benefits of the Trust Agreement, and the Owner hereof by
acceptance hereof agrees to be bound by the terms of the Trust Agreement.
Reference is hereby made to the Trust Agreement for a statement of the rights
and obligations of the Owner hereof. The Trustee may treat the Person in whose
name this Certificate of Beneficial Interest is registered on the register
maintained by the Trustee pursuant to Section 10.01(d) of the Trust Agreement
as the absolute Owner hereof for all purposes.

          Capitalized terms used but not defined herein have the meanings
ascribed to them in or by reference to the Trust Agreement.

          This Certificate of Beneficial Interest and the Trust Agreement will
in all respects be governed by, and construed in accordance with, the laws of
the State of Delaware, without regard to any conflict-of-law provisions.

                                       2

<PAGE>

          IN WITNESS WHEREOF, the Trustee, pursuant to the Trust Agreement,
has caused this Certificate of Beneficial Interest to be issued by the Trust
as of the date hereof.

                               CITIBANK CREDIT CARD ISSUANCE TRUST,

                               by       THE BANK OF NEW YORK
                                        (DELAWARE), as Trustee under the Trust
                                        Agreement

                                        by
                                                -------------------------------
                                        Name:
                                        Title:

                                       3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}]]