Georgia's George Washington Carver Elementary School Wins Smith Barney's 2006 National Stock Portfolio Contest; 5th Grade Class in Richmond Hill Outperforms the S&P 500 Index

Smith Barney announced today the winner of its 2006National Stock Portfolio Contest is Ms. Mary Matthew's 5th grade classat George Washington Elementary School in Richmond Hills, Georgia.Within the three-month timeframe of the contest, the team's portfolioincreased 12.41 percent, while the S&P 500 Index increased 2.77percent (on a price only basis). They also surpassed the performanceof 101 classes from schools in 20 states that participated in thisyear's program. The contest marks the conclusion of the firm's annualTake Your Parents to School Day(R) Program.

"It was interesting to watch the children grow from zero knowledgeof the stock market to knowing what a stock is, what a diversifiedportfolio is, and understanding that their portfolio outperformed themarket," Ms. Matthew said, "They've grown throughout this experienceand they appreciate the opportunity to participate."

"Given the dire need to introduce financial education inclassrooms today, Smith Barney has worked with parents and teachersover the past eight years to raise the awareness of future investorson the dynamics of money and investing. The knowledge gained throughprograms, such as ours, will likely stay with them for a lifetime,"commented Mindy S. Ross, managing director at Smith Barney. "Webelieve it's never too early to encourage fiscal responsibility andbegin a dialogue on planning for short and long-term goals. Theseearly discussions are designed to lay solid groundwork for futureinvestors to help them achieve their life goals and successfullymanage their own money."

The Take Your Parents to School Day(R) Program included athree-day financial education curriculum taught in participatingmiddle schools across the country from February 14 to February 16,2006. On the third day of the program, each participating class formedteams to create a hypothetical portfolio consisting of five shares ofstock selected from a list provided by the firm. The portfolio wasthen entered in Smith Barney's National Stock Portfolio Contest.

Savannah's Smith Barney Financial Advisor, Kathleen Pattersonadded, "This was a valuable and rewarding experience for everyoneinvolved. The students monitored the performance of the stocks intheir portfolios and were eager to apply the financial planning andinvestment strategies that they learned during the program."

During the contest, students from all of the participating schoolstracked their portfolio's performance online through the firm's YoungInvestors Network(SM) Web site at www.younginvestorsnetwork.com. Eachstudent in the winning class, based on the portfolio with the largestincrease in value at the end of the contest period, will receive oneshare of Citigroup stock currently valued at $49.37 (indicative as ofMay 12, 2006).

As one of several Citigroup Financial Education programs, SmithBarney's Young Investors Initiative focuses on educating middle schoolstudents on the basic fundamentals of investing and how these skillswill enable them to become financially responsible adults. Theinitiative is supported by the firm's website that offers younginvestors, parents and teachers a variety of materials and financialgames to help further their financial education.

Citigroup is a long-standing supporter of financial education. In2004, Citigroup renewed its commitment to financial education with aten-year, multi-million Dollar pledge to help support and buildfinancial literacy in the global communities in which it operates.

Smith Barney is committed to helping investors, parents andchildren successfully navigate the road to financial security. Formore advice on how to better plan for their financial future, parentsmay request a free copy of Smith Barney's 16-page booklet, ParentsGuide for the Young Investor, by contacting their local Smith Barneybranch.

Smith Barney is the private wealth management unit of Citigroup.It is a leading provider of comprehensive financial planning andadvisory services to high net worth investors, institutions,corporations and private businesses, governments and foundations. Withmore than 13,000 financial advisors in some 600 offices, Smith Barneyoffers a full suite of investment services, including assetallocation, private investments and lending services, hedge funds,cash and portfolio management, as well as retirement, education andestate planning. A division of Citigroup Global Markets Inc., (MemberSIPC), the firm currently has more than 9 million client accounts,representing nearly $1.4 trillion in client assets. Additionalinformation may be found at: www.smithbarney.com.

Citigroup (NYSE: C), the leading global financial servicescompany, has some 200 million customer accounts and does business inmore than 100 countries, providing consumers, corporations,governments and institutions with a broad range of financial productsand services, including consumer banking and credit, corporate andinvestment banking, insurance, securities brokerage, and assetmanagement. Major brand names under Citigroup's trademark red umbrellainclude Citibank, CitiFinancial, Primerica, Smith Barney and Banamex.Additional information may be found at: www.citigroup.com.