CORRECTING and REPLACING FEATURE/Atlanta's W.T. Jackson Elementary Sc

    Feature Editors/Education Editors
    CORRECTION...by Smith Barney
    FEATURE...

    NEW YORK--(BUSINESS WIRE)--May 13, 2005--In BW5540 issued May 12, 2005: First graph, second sentence of release dated May 12, 2005 should read: Within the three-month timeframe of the contest, the team's portfolio increased .85 percent, while the S&P 500 Index closed down 1.62 percent (sted Within the three-month timeframe of the contest, the team's portfolio increased .85 percent, while the S&P 500 Index closed down 1.75 percent).

    The corrected release reads:

    FEATURE/ATLANTA'S W.T. JACKSON ELEMENTARY SCHOOL WINS SMITH BARNEY'S 2005 NATIONAL STOCK PORTFOLIO CONTEST; 5TH GRADE CLASS OUTPERFORMS THE S&P 500 INDEX

    Smith Barney announced today the winner of its 2005 National Stock Portfolio Contest is Ms. Nancy Guy Kelly's 5th grade class of W.T. Jackson Elementary School in Atlanta, Georgia. Within the three-month timeframe of the contest, the team's portfolio increased .85 percent, while the S&P 500 Index closed down 1.62 percent. They also surpassed the performance of 100 classes from schools in 18 states that participated in this year's program. The contest marks the conclusion of the firm's Take Your Parents to School Day(R) Program.
    "What a fabulous experience for our students," Ms. Kelly said. "As elementary students, to have a portfolio that out-earned 6th, 7th, and 8th graders from all over the country was the icing on the cake!"
    "In the current economic environment, it is essential for parents and teachers to educate future investors on the dynamics of money and investing. The knowledge gained through programs, such as ours, will likely stay with them for a lifetime," commented Mindy S. Ross, managing director at Smith Barney. "We believe it's never too early to encourage fiscal responsibility and begin a dialogue on planning for short and long-term goals. These early discussions are designed to lay solid groundwork for future investors to help them achieve their life goals and successfully manage their own money."
    The Take Your Parents to School Day(R) Program included a three-day financial education curriculum held in participating middle schools from February 8 to February 10, 2005. On the third day of the program, each participating class formed teams to create a hypothetical portfolio consisting of five shares of stock selected from a list provided by the firm. The portfolio was then entered in Smith Barney's National Stock Portfolio Contest.
    Atlanta's Smith Barney financial consultant, Alex Cann, Jr. added, "The students were really focused on the performance of the stocks in their portfolio and eager to apply the financial planning and investment strategies taught during the program. This was a valuable and rewarding experience for everyone involved."
    During the contest, students from all of the participating schools tracked their portfolio's performance online through the firm's Young Investors Network(SM) Web site at www.younginvestorsnetwork.com. Each student on the winning team, based on the largest increase in portfolio value at the end of the contest period, will receive one share of Citigroup stock currently valued at $46.88.
    As one of several Citigroup Financial Education programs, Smith Barney's Young Investors initiative focuses on educating middle school students on the basic fundamentals of investing and how these skills will enable them to become financially responsible adults.
    Citigroup is a long-standing supporter of financial education. Last year, Citigroup renewed its commitment to financial education with a ten-year, multi-million Dollar pledge to help support and build financial literacy in the global communities in which it operates.
    Smith Barney is committed to helping investors, parents and children successfully navigate the road to financial security. For more advice on how to better plan for their financial future, parents may request a free copy of Smith Barney's 16-page booklet, Parents Guide for the Young Investor, by contacting their local Smith Barney branch

    Smith Barney is a global private wealth management and equity research unit of Citigroup. It is a leading provider of comprehensive financial planning and advisory services to high net worth investors, institutions, corporations and private businesses, governments and foundations. With nearly 300 research analysts around the globe and 12,200 financial consultants in some 500 offices, Smith Barney offers a full suite of investment services, including asset allocation, private investments and lending services, hedge funds, cash and portfolio management, as well as retirement, education and estate planning. A division of Citigroup Global Markets Inc., (Member SIPC), the firm currently has more than 7.7 million client accounts, representing $970 billion in client assets. Additional information may be found at: www.smithbarney.com.
    Citigroup (NYSE: C), the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com.

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CONTACT: Smith Barney Corporate Affairs Katrina Clay, 212-816-4933

KEYWORD: GEORGIA NEW YORK INDUSTRY KEYWORD: BANKING EDUCATION PRODUCT SOURCE: Smith Barney

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