Document:

<PAGE>

                                                                     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 September 26, 2000

                                       to

                        POOLING AND SERVICING AGREEMENT
                            Dated as of May 29, 1991

                      CITIBANK CREDIT CARD MASTER TRUST I

                                  SERIES 2000

================================================================================
<PAGE>

                               TABLE OF CONTENTS

                                                                            Page
                                                                            ----

                                    ARTICLE I
                    Creation of the Series 2000 Certificate

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

                                   ARTICLE II
                                  Definitions

SECTION 2.01. Definitions.....................................................2
SECTION 2.02. Applicability of Certain Provisions of the Agreement............9

                                   ARTICLE III
                              Servicer and Trustee

SECTION 3.01. Servicing Compensation..........................................9
SECTION 3.02. Trustee Appointment of Agents..................................10

                                   ARTICLE IV

                  Rights of Series 2000 Certificateholders and
                   Allocation and Application of Collections

SECTION 4.01. Allocations....................................................10
SECTION 4.02. Application of Investor Finance Charge Collections and
              Available Investor Principal Collections.......................11
SECTION 4.03. Allocation of Investor Charge-Offs; Reimbursement of Series
              2000 Invested Amount Deficit; Other Reinvestments in the Series
              2000 Invested Amount...........................................14

<PAGE>

                                   ARTICLE V

                  Definitions of Series 2000 Invested Amount,
            Series 2000 Adjusted Invested Amount, Principal Amount;
                               Payment Requests;
                    Principal Funding sub-Account Shortfall

<TABLE>
<CAPTION>
<S>                                                                                              <C>
SECTION 5.01. Definitions of Series 2000 Invested Amount, Series 2000
              Adjusted Invested Amount and Principal Amount .................................      15
SECTION 5.02. Payment Request ...............................................................      18
SECTION 5.03. Finance Charges Allocable to Segregated Sellers  Interest .....................      18

                                   ARTICLE VI

                          Distributions and Reports to
                         Series 2000 Certificateholders

SECTION 6.01. Distributions .................................................................      19
SECTION 6.02. Monthly Performance Statement and Monthly Servicer's Certificate ..............      19
SECTION 6.03. Monthly Computation Statement; Issuer's Report ................................      19

                                   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 .....................................................      19
SECTION 7.02. Distribution of Proceeds of Sale, Disposition or Liquidation of the Receivables
              Pursuant to Section 9.02 of the Agreement .....................................      20
SECTION 7.03. Sale of Receivables ...........................................................      21

                                  ARTICLE VIII

                            Miscellaneous Provisions

SECTION 8.01. Ratification of Agreement .....................................................      21
SECTION 8.02. Counterparts ..................................................................      21
SECTION 8.03. Governing Law .................................................................      21
SECTION 8.04. Construction of Agreement .....................................................      22
SECTION 8.05. Excluded Series ...............................................................      22
SECTION 8.06. Treatment of Noteholders ......................................................      22
</TABLE>

                                       ii
<PAGE>

SECTION 8.07. Sale for Accounting Purposes ............................ 22

                                   ARTICLE IX

                                    Covenants

SECTION 9.01. Reduction in Portfolio Yield ............................ 23

                                    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

                                      iii
<PAGE>

                    SERIES 2000 SUPPLEMENT dated as of September 26, 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 shall be the October 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 September 12, 2000, among the Banks,
as beneficiaries, and The Bank of New York (Delaware), as trustee.
<PAGE>

                                   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.

     "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 September 26, 2000.

     "Cut-Off Date" shall mean August 28, 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.

                                       2
<PAGE>

     "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 in October 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.

     "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 September 26, 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 mean the "Trustee" under 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 into the Interest Funding Account.

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

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

                                       3
<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 or such other form as the Servicer may determine.

     "Monthly Performance Statement" shall mean a statement substantially in the
form of Exhibit C or such other form as the Servicer may determine.

     "Monthly Servicer's Certificate" shall mean a certificate of a Servicing
Officer substantially in the form of Exhibit D or such other form as the
Servicer may determine.

     "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 request substantially in the form of Exhibit
A or such other form as the Servicer may determine.

     "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 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

                                       4
<PAGE>

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 into the Principal Funding Account.

     "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.

     "Revolving Notes" shall have mean Outstanding Notes that as of the date of
determination (a) have not reached their Expected Principal Payment Date (as
defined in the Indenture), (b) have not had a Early Redemption Event (as defined
in the Indenture), (c) have not been accelerated pursuant to Section 702 of the
Indenture, and (d) are not part of a class of Notes that has a Prefunding Target
Amount (as defined in the Indenture) greater than zero as determined pursuant to
Section 508(c) of the Indenture.

     "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.

     "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 be the amount determined
pursuant to Section 5.01(a).

                                       5
<PAGE>

     "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 be the amount determined pursuant to
Section 5.01(a).

     "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 (other
     than the Due Period relating to the Termination Date), 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
     and the Due Period relating to the Termination Date, the excess of (i) the
     Series 2000 Invested Amount

                                       6
<PAGE>

     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.

     "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 September 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.

                                       7
<PAGE>

     "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) 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 additional requirement 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. Applicability of Certain Provisions of the Agreement. (a) For
purposes of calculating the Required Minimum Principal Balance, the initial
Invested Amount for

                                       8
<PAGE>

Series 2000 on any date will be an amount equal to the aggregate Initial Dollar
Principal Amount of each outstanding tranche of Notes as of such date.

     (b) For purposes of the definition of "Tax Opinion" in the Agreement,
whenever such term is used in the Agreement, in this Series Supplement, or in
any Supplement relating to any other Series, the Series 2000 Certificate shall
not be considered to be an Investor Certificate.

     (c) Section 3.07 of the Agreement does not apply to the Series 2000
Certificate. The Sellers intend that for federal, state and local income and
franchise tax purposes. the Series 2000 Certificate as well as the Trust will be
disregarded and treated as part of an arrangement by the Sellers for providing
collateral for the Notes.

     (d) Notwithstanding any provision of the Agreement or this Series
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.

     (e) 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(d).

                                   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, that (1) 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

                                       9
<PAGE>

of a 360-day year of twelve 30-day months, and (2) with respect to each Due
Period thereafter during which the Series 2000 Invested Amount is increased as a
result of an issuance of a tranche of Notes, the Series 2000 Monthly Servicing
Fee shall be reduced to reflect the number of days in such Due Period before
such issuance.

     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)(ii).

      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:

          (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

                                       10
<PAGE>

     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 an Affiliate thereof) 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 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

                                       11
<PAGE>

               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 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 (other
     than the Due Period relating to the Termination Date), 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

          will be applied to reimburse Investor Charge-Offs pursuant to Section
          4.03(b).

               (ii) An amount equal to the amount of targeted deposits to the
          Interest Funding Account 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

                                       12
<PAGE>

          any unpaid Targeted Principal Deposit Amount from any prior Due
          Periods) allocated to the Series 2000 Certificateholders pursuant to
          Section 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 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

          will be applied to reimburse Investor Charge-Offs pursuant to Section
4.03(b).

               (ii) An amount equal to the amount of targeted deposits to the
          Interest Funding Account 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 Series 2000 Invested Amount (after
          giving effect to clauses (c)(i) and (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 the Agreement or this Series
     Supplement to the contrary, for so long as Citibank (South Dakota) remains
     the Servicer and maintains a

                                       13
<PAGE>

     certificate of deposit rating of A-1 or better by Standard & Poor's and P-1
     by Moody's, and for five Business Days following any reduction or
     withdrawal of either such rating, the Servicer need not make the daily
     deposits of Collections into the Collection Account as provided in the
     second sentence of Section 4.03(a) of the Agreement, but may make deposits
     of Collections into the Collection Account of the amounts requested
     pursuant to each Payment Request on each applicable Interest Deposit Date
     and Principal Deposit Date, as the case may be. At all other times, the
     deposits required to be made to the Collection Account 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 and payments required to be made to the Series 2000
     Certificate Representative or the Series 2000 Certificateholder under this
     Section will be made on the earliest date practicable thereafter.

     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)(ii)(A) (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 sub-Accounts of any such tranches of Notes pursuant to
     Section 526(e)(ii) 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 a 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.

                                       14
<PAGE>

     (c) The amount of Investor Finance Charge Collections with respect to a Due
Period allocated and available for that purpose pursuant to Section
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 with respect to a Due
Period allocated pursuant to Sections 501(c) and 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 with respect to a Due Period pursuant to Section 520(a) of the Indenture
which is received by the Master Trust will be 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 with respect to
a Due Period 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.

                                       15
<PAGE>

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
                                 Component                       Series 2000      Series 2000   Principal amount of
                                                               Invested Amount      Adjusted      the Series 2000
                                                                                Invested Amount     Certificate
---------------------------------------------------------------------------------------------------------------------
<S>           <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                X                X                 X
              Principal Amount of each tranche of Notes as of
              the end of the applicable Due Period pursuant
              to clause (a) of the definition of Nominal
              Liquidation Amount in the Indenture
---------------------------------------------------------------------------------------------------------------------
         (ii) (A) The cumulative sum of accretions of                                                    X
              principal on Discount Notes targeted to be
              deposited into the Interest Funding Account
              pursuant to Section 503(f) of the Indenture,
              whether or not actually deposited or paid to
              the Master Trust pursuant to Sections 507(b)
              and 520(a) of the Indenture
---------------------------------------------------------------------------------------------------------------------
              (B) The cumulative sum of accretions of                 X                X
              principal on Discount Notes actually paid by
              the Series 2000 Certificateholders to the
              Master Trust pursuant to Sections 507(b) and
              520(a) of the Indenture and Section 4.03(e)
              hereof
---------------------------------------------------------------------------------------------------------------------
        (iii) The cumulative sum of principal collections             X                X                 X
              reinvested in the Collateral Certificate
              pursuant to Sections 502(c) and 520(c) of the
              Indenture and Section 4.03(f) hereof
---------------------------------------------------------------------------------------------------------------------
         (iv) The cumulative sum of reimbursements of Series          X                X
              2000 Invested Amount Deficit from Allocable
              Miscellaneous Payments pursuant to Section
              4.03(b)(i) hereof and Section 527(e)(i) of the
              Indenture
---------------------------------------------------------------------------------------------------------------------
          (v) The cumulative sum of reimbursements of Series          X                X
              2000 Invested Amount Deficit from Investor
              Finance Charge Collections pursuant to Sections
              4.02(a)(ii)(C) and 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>

                                       16
<PAGE>

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
                                 Component                       Series 2000      Series 2000   Principal amount of
                                                               Invested Amount      Adjusted      the Series 2000
                                                                                Invested Amount     Certificate
---------------------------------------------------------------------------------------------------------------------
<S>           <C>
          (i) (A) The cumulative sum of all payments of               X
              Available Investor Principal Collections
              allocated pursuant to Section 4.02(b)(ii) or
              Section 4.02(c)(ii) hereof which are
              reallocated pursuant to Section 502(a) of the
              Indenture to make targeted deposits to the
              Interest Funding Account
---------------------------------------------------------------------------------------------------------------------
              (B) The cumulative sum of all payments of                                X
              Available Investor Principal Collections
              allocated pursuant to Section 4.02(b)(ii) or
              Section 4.02(c)(ii) hereof which are
              reallocated pursuant to Section 502(a) of the
              Indenture to make targeted deposits to the
              Interest Funding Account that in each case
              resulted in a reduction of the Nominal
              Liquidation Amount of Notes that were Revolving
              Notes at the time of such reduction
---------------------------------------------------------------------------------------------------------------------
         (ii) (A)  The cumulative sum of all payments of              X                                  X
              Available Investor Principal Collections (other
              than those referred to in item (y)(i)) paid to
              the Series 2000 Certificateholders
---------------------------------------------------------------------------------------------------------------------
              (B)  With respect to all tranches of Notes that                          X
              were Revolving Notes at the time of such
              payment, the cumulative sum of all Available
              Investor Principal Collections (other than
              those referred to in item (y)(i)) paid to the
              Series 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          X                X          (see clause (b)
              aggregate amount equal to the Nominal                                                    below)
              Liquidation Amount of each such tranche of
              Notes immediately before giving effect to the
              applicable sale of Receivables pursuant to
              Section 7.03 hereof
---------------------------------------------------------------------------------------------------------------------
         (iv) (A) Investor Charge-Offs allocated to the               X
              Series 2000 Certificate pursuant to Section
              4.03(a) hereof, 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>

                                       17
<PAGE>

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
                                 Component                       Series 2000      Series 2000   Principal amount of
                                                               Invested Amount      Adjusted      the Series 2000
                                                                                Invested Amount     Certificate
---------------------------------------------------------------------------------------------------------------------
<S>           <C>
              (B) Investor Charge-Offs allocated to the                                X
              Series 2000 Certificate pursuant to Section
              4.03(a) hereof, to the extent that such
              Investor Charge-Offs reduce, pursuant to
              Section 526(e)(i) of the Indenture, the Nominal
              Liquidation Amount of Notes that were Revolving
              Notes at the time of such reduction
---------------------------------------------------------------------------------------------------------------------
</TABLE>

     (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 hereof 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),
Section 4.02(b)(iii) or Section 4.02(c)(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

                                       18
<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 and (ii) a Monthly Servicer's Certificate.

      SECTION 6.03.  Monthly Computation Statement; Issuer's Report.  Not later
than the Business Day preceding each Distribution Date, the Servicer, in
cooperation with the Series 2000 Certificate Representative, shall compute the
information required by a Monthly Computation Statement.  The Servicer, in
cooperation with the Series 2000 Certificate Representative, shall prepare and
execute an Issuer's Report referred in Section 907 of the Indenture with respect
to each Due Period.

                                  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.

                                       19
<PAGE>

     (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 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 Section 501(b) of 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.

                                       20
<PAGE>

     (c)  Notwithstanding anything to the contrary in this Series Supplement or
the Agreement, the entire amount payable 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 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, 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.

                                       21
<PAGE>

     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 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.

     SECTION 8.07. Sale for Accounting Purposes. The parties hereto intend to
treat each increase in the Series 2000 Invested Amount as a sale, and not as a
secured borrowing, for accounting purposes.

                                       22
<PAGE>

                                   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%.

                                       23
<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 /s/ Douglas C. Morrison
                            -----------------------------------
                            Name: Douglas C. Morrison
                            Title: Vice President

                         CITIBANK (NEVADA), NATIONAL ASSOCIATION, Seller,

                         by /s/ Robert D. Clark
                            -----------------------------------
                            Name: Robert D. Clark
                            Title: Vice President

                         BANKERS TRUST COMPANY, Trustee,

                         by /s/ Charles C. Greiter
                            -----------------------------------
                            Name: Charles C. Greiter
                            Title: Vice President

                                       24
<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 September 26, 2000
(as amended, supplemented and otherwise modified, 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 September 26,
2000 (as amended, supplemented and otherwise modified, the "Indenture"), among
Citibank Credit Card Issuance Trust, as Issuer, and Bankers Trust Company, as
Trustee on behalf of the Noteholders.  Terms used herein have 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
     Section 4.02 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
          Indenture, to be paid as soon as practicable after the end
          of the applicable Due Period).............................. $________
<PAGE>

     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 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)  $________

     4.   Required pursuant to Section 501(d) 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            Interest Deposit Date                   Amount
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------

                                                          Total....... $_______

     5.   Required pursuant to Section 501(e) of the Indenture (to make any
          other payment or deposit required by the terms document of any series,
          class or tranche of Notes)

 Tranche            Interest Deposit Date                   Amount
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------

                                       2
<PAGE>

------------------------------------------------------------------
 Tranche            Interest Deposit Date                   Amount
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------

                                                          Total....... $_______

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

B.   Allocations of Available Investor Principal Collections available pursuant
     to Section 4.02 of the Series 2000 Supplement.

     1.   Required pursuant to Section 502(a) of the Indenture (to be
          reallocated to pay deficiencies in 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            Interest Deposit Date                   Amount
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------
                                                          $
------------------------------------------------------------------

                                                          Total....... $_______

                                       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:

                                       4
<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 September 26, 2000
(as amended, supplemented and otherwise modified, 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 September 26,
2000 (as amended, supplemented and otherwise modified, the "Indenture"), among
Citibank Credit Card Issuance Trust, as Issuer and Bankers Trust Company, as
Trustee on behalf of the Noteholders.  Terms used herein have 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 actually deposited and paid by
          the Issuer to the Master Trust pursuant to Sections 507(b)
<PAGE>

          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)(i) and 5.01(a)(x)(iv) of the Series 2000 Supplement
          and Section 527(e)(i) of the Indenture

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

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

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

                                       2
<PAGE>

     5.   The cumulative sum of reimbursements of Series 2000 Invested Amount
          Deficit made pursuant to Sections 4.02(a)(ii)(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(a). 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
          make targeted deposits to the Interest Funding Account

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

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

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

    1(b). 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
          make targeted deposits to the Interest Funding Account that in each
          case resulted in a reduction of the Nominal Liquidation Amount of
          Notes that were Revolving Notes at the time of such reduction

          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)

                                       3
<PAGE>

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

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

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

    2(b). With respect to all tranches of Notes that were Revolving Notes at
          the time of such payment, 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
          Section 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(a). 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(b). 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

                                       4
<PAGE>

          Liquidation Amount of the Notes pursuant to Section 526(e)(i) of the
          Indenture that were Revolving Notes at the time of such reduction

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

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

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

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(a), B2(a), B3 and B4(a))............................. $________

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

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(a)) (but
          subject to Section 5.01(b) 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
     of the Indenture to fund Class C Reserve sub-Accounts......... $________

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

H.   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 designated portion of 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
                 For the Due Period Ending ___________ __, 20__

    ======================================================================

This Report relates to the Due Period ending ___________ __, 20__ .

A.  Information Regarding the Master Trust portfolio
    ------------------------------------------------

1.  Portfolio Yield for the Collateral Certificate ....................    %
        Yield Component ...............................................    %
        Credit Loss Component% ........................................    %
2.  New Purchase Rate .................................................    %
3.  Total Payment Rate ................................................    %
4.  Principal Payment Rate ............................................    %
5.  Aggregate Amount of Principal Receivables in the Master Trust:
        Beginning of Due Period .......................................   $
        Average .......................................................   $
        Lump Sum Addition .............................................   $
        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 Payment Dates, 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 .......................................   $
        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 .......................................    %
<PAGE>

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

    ======================================================================

                      CITIBANK CREDIT CARD MASTER TRUST I
                 For the Due Period Ending ___________ __, 20__

    ======================================================================

<TABLE>
<CAPTION>
                                                               Current Due         Current Due
                                                              Period on an        Period on a
                                                            Actual Basis/1/    Standard Basis/1/
                                                            ---------------    -----------------
 B.    Information Regarding the Collateral Certificate
       ------------------------------------------------
       (Percentage Basis)
<S>                                                         <C>                 <C>
       1. Portfolio Yield                                          %                    %
       2. Weighted Average Note Rate                               %                    %
       3. Weighted Average Investor Fee Rates
               Fixed Servicing Fee                                 %                    %
               Others                                              %                    %
       4. Surplus Finance Charge Collections                       %                    %
       5. Surplus Finance Charge Collections For Purposes          %                    %
          of Funding Class C Reserve Account
       6. Required Surplus Finance Charge Amount                   %                    %
       7. Aggregate Surplus Finance Charge Amount                  %                    %
          minus Required Surplus Finance Charge Amount
</TABLE>

<TABLE>
<CAPTION>
C.    Information Regarding the Collateral Certificate
      ------------------------------------------------
      (Dollar Basis)
<S>                                                               <C>                <C>
      1.  Total Investor Collections                               $                  $
             Principal Collections                                 $                  $
</TABLE>
---------------------
/1/  Values for Current Due Period on an Actual Basis reflect, in the case of a
     first due period close of a tranche of Notes, activity from the close date
     until the first due period end, or, as in the case of Investor Monthly
     Interest and certain fees, until the first Monthly Interest Date. Values
     for Current Due Period on a Standard Basis reflect activity for the entire
     current due period, as if all Notes had already been outstanding prior to
     the first day of such due period.

     All percents are based on actual cash revenue or expense for the period,
     converted to an annualized percent using day counts appropriate for the
     item, either 30/360, actual/360, or actual/actual. Depending on the item,
     cash expenses may accrue from ____________, 20___ to ____________, 20___,
     ___ days, or ____________, 20___ to ____________, 20___, ___ days (standard
     basis).

                                       2
<PAGE>

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

    ======================================================================

                      CITIBANK CREDIT CARD MASTER TRUST I
                 For the Due Period Ending ___________ __, 20__

    ======================================================================

<TABLE>
<S>                                                               <C>                <C>
             Finance Charge Collections                            $                  $
      2.  Investor Default Amount                                  $                  $
      3.  Investor Monthly Interest                                $                  $
      4.  Investor Monthly Fees
             Fixed Servicing Fees                                  $                  $
             Others                                                $                  $
      5.  Surplus Finance Charge Collections                       $                  $
      6.  Required Surplus Finance Charge Collections              $                  $
      7.  Aggregate Surplus Finance Charge Amount                  $                  $
          minus Required Surplus Finance Charge Amount
</TABLE>

                                       3
<PAGE>

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

    ======================================================================

                      CITIBANK CREDIT CARD MASTER TRUST I
                 For the Due Period Ending ___________ __, 20__

    ======================================================================

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Report
this __ day of __________ 20__.

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

                                             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_________).
<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

REGISTERED                                                            No. R-1

                      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)

     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
September 26, 2000 (as amended, supplemented and otherwise modified, 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
<PAGE>

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.

     This Series 2000 Certificate is a security governed by Article 8 of the New
York Uniform Commercial Code.

     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 September 2020
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.

      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.

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

                                    CITIBANK (SOUTH DAKOTA), N.A.,

                                    By ______________________________
                                         Douglas C. Morrison
                                         Vice President

                                       2
<PAGE>

                                    CITIBANK (NEVADA), NATIONAL
                                    ASSOCIATION,

                                    By ______________________________
                                         Robert D. Clark
                                         Vice President

Dated:

                                       3
<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

                                       4
<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

                                       5
<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 Agreement and 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.

                                       6
<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.

                                       7
<PAGE>

                                   ASSIGNMENT

            Social Security or other identifying number of assignee

                           __________________________

     FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto Bankers Trust Company, as Trustee under the Indenture dated as of September
26, 2000 between Citibank Credit Card Issuance Trust and Bankers Trust Company,
Four Albany Street, New York, New York 10006 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:

                              CITIBANK CREDIT CARD ISSUANCE TRUST

                              By Citibank (South Dakota), N.A.,
                              as Managing Beneficiary

                              ___________________________
                                  Douglas C. Morrison
                                    Vice President

                                       8<PAGE>

                                                                     Exhibit 4.9

================================================================================

                      CITIBANK CREDIT CARD ISSUANCE TRUST

                                TRUST AGREEMENT

                         dated as of September 12, 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

<TABLE>
<CAPTION>
<S>     <C>                                                                          <C>
                                                                                    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. Business Trust; Principal Office of Trustee ....................       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
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
<S>     <C>                                                                          <C>
                                                                               Page

SECTION 4.02. Payments from Trust Estate Only ...........................       9
SECTION 4.03. Method of Payment .........................................       9
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
SECTION 5.06. Nonpetition Covenants .....................................      13

                                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
</TABLE>

                                       ii
<PAGE>

                               ARTICLE VIII

                     Successor Trustees, Co-Trustees
                          and Separate Trustees

<TABLE>
<CAPTION>
<S>     <C>                                                                          <C>
                                                                                    Page

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
</TABLE>

                                      iii
<PAGE>

<TABLE>
<CAPTION>
<S>     <C>                                                                          <C>
                                                                                    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
</TABLE>

                                       iv
<PAGE>

                    TRUST AGREEMENT dated as of September 12, 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" of a Beneficiary means the percentage of the
Ownership Interest of that Beneficiary in the Trust, which initially will be
53.4192119421% with respect to Citibank (Nevada),  and  46.5807880579% with
respect to Citibank (South Dakota), as such percentages may be adjusted from
time to time upon notice by the Managing Beneficiary to the Trustee of such
adjustment.

     "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.
<PAGE>

     "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 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.

                                       2
<PAGE>

     "Rating Agency" is defined in the Indenture.

     "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 will 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 has the power and authority to:

          (i) acquire from Citibank (Nevada) and Citibank (South Dakota) the
     Series 2000 Certificate, and other certificates of beneficial interest, of
     the Master Trust;

          (ii) from time to time, grant a security interest in the Series 2000
     Certificate or other beneficial interests in the Master Trust, 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;

          (iii) 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:

                                       4
<PAGE>

               (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, 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

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

          (iv) from time to time receive payments and proceeds with respect to
     the Series 2000 Certificate and other certificates of beneficial interest
     in the Master Trust and the Indenture and either invest or distribute those
     payments and proceeds,

                                       5
<PAGE>

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

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

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

          (viii) 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 (vii) 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 have the power to execute and deliver from time to time loan
agreements, underwriting agreements, selling agent agreements, purchase
agreements, swap and other derivative agreements, including performance
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, including agreements
     related thereto, 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

          (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

                                       6
<PAGE>

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. Business Trust; Principal Office of Trustee. 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 the Trustee's 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 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.

                                       7
<PAGE>

     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 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 performance by 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.

                                       8
<PAGE>

     (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.

     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

                                       9
<PAGE>

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 will be
deposited. Such account will 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 will 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 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 will be under no
duty to, take or refrain from taking such

                                       10
<PAGE>

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 will 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 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 will not be required to perform any
obligations or

                                       11
<PAGE>

duties of the Trust under the Indenture, which duties and obligations will 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 be conclusively evidenced by the
Trustee's execution and delivery of such documents to, and acceptance by, the
Managing Beneficiary or its counsel).

                                       12
<PAGE>

     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 will 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 will not 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;

          (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;

                                       13
<PAGE>

          (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 will 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 will 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 will 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 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

                                       14
<PAGE>

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.

          (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

                                       15
<PAGE>

     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
will become effective until a successor Trustee, however appointed, becomes
vested as Trustee hereunder pursuant to Section 8.02. The Managing Beneficiary
will notify the Rating Agencies promptly after the resignation or removal of the
Trustee and promptly after the appointment of a successor Trustee.

                                       16
<PAGE>

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

                                       17
<PAGE>

     (b) No such amendment will 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 will 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 before 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 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

                                       18
<PAGE>

or any part of its right, title and interest in and to a Trust Certificate or
Ownership Interest (1) to any Person (other than a transfer between Citibank
(Nevada) and Citibank (South Dakota)) will be effective only upon issuance of a
Master Trust Tax Opinion and an Issuer Tax Opinion (each as defined in the
Indenture), which will not be an expense of the Trustee or Trustee Bank, and (2)
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
     "SECURITIES 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 SECURITIES
     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 the Trustee Bank promptly when due thereunder
and (ii) reimburse the Trustee Bank for all other reasonable 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.

                                       19
<PAGE>

     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.

     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.

     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

                                       20
<PAGE>

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:

          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

                                       21
<PAGE>

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.

     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.

                                       22
<PAGE>

     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 /s/ William T. Lewis
                                      -------------------------------
                                      Name: William T. Lewis
                                      Title: Senior Vice President

                                   CITIBANK (NEVADA), NATIONAL
                                   ASSOCIATION, as Beneficiary

                                   by /s/ Robert D. Clark
                                      -------------------------------
                                      Name: Robert D. Clark
                                      Title: Vice President

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

                                   by /s/ Douglas C. Morrison
                                      -------------------------------
                                      Name: Douglas C. Morrison
                                      Title: Vice President

                                       24
<PAGE>

                                                                       EXHIBIT A

                           FORM OF TRUST CERTIFICATE

THIS CERTIFICATE OF BENEFICIAL INTEREST (THIS "CERTIFICATE") 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
"SECURITIES 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 SECURITIES 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
                               SEPTEMBER 12, 2000

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 September 12, 2000 (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 Dakota)] [                    ] is the owner (the "Owner") of its
Beneficiary Percentage of the Ownership Interests in the Trust provided 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.

     The holder of this Certificate, by accepting this Certificate, acknowledges
that this Certificate does not represent an interest in or obligation of the
Trustee Bank and no recourse may be had against the Trustee Bank or its
properties.
<PAGE>

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

     This Certificate 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-00019-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00019-of-00352.parquet"}]]