CITIFUNDS TRUST III
NSAR-A, 2000-04-20
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<PAGE>      PAGE  1
000 A000000 02/28/00
000 C000000 0000747576
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 J000000 U
001 A000000 CITIFUNDS TRUST III
001 B000000 811-4052
001 C000000 6174231679
002 A000000 21 MILK STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 CITIFUNDS CASH RESERVES
007 C030100 N
007 C010200  2
007 C020200 CITIFUNDS US TREASURY RESERVES
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
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022 C000001    699995
022 D000001    687339
<PAGE>      PAGE  2
022 A000002 US TREASURY RESERVES PORTFOLIO
022 B000002 04-3110866
022 C000002    656516
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008 B000101 A
008 C000101 801-000000
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008 D020101 NY
<PAGE>      PAGE  3
008 D030101 10043
010 A000101 CFBDS, INC.
010 B000101 8-15648
010 C010101 BOSTON
010 C020101 MA
010 C030101 02109
011 A000101 CFBDS, INC.
011 B000101 8-15648
011 C010101 BOSTON
011 C020101 MA
011 C030101 02109
012 A000101 CITIBANK, N.A.
012 B000101 84-0000000
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012 C020101 NY
012 C030101 10043
013 A000101 PRICEWATERHOUSECOOPERS, LLP
013 B010101 BOSTON
013 B020101 MA
013 B030101 02116
014 A000101 CFBDS, INC.
014 B000101 8-15648
015 A000101 STATE STREET BANK AND TRUST COMPANY
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02110
015 E010101 X
018  000100 Y
019 A000100 Y
019 B000100   48
019 C000100 CITIFUNDS.
024  000100 N
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<PAGE>      PAGE  4
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039  000100 N
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<PAGE>      PAGE  5
048 C010100        0
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055 B000100 N
056  000100 Y
057  000100 N
058 A000100 N
059  000100 Y
060 A000100 Y
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066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
<PAGE>      PAGE  6
069  000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
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070 Q020100 N
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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084 A000100 N
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085 A000100 N
085 B000100 N
008 A000201 CITIBANK, N.A.
008 B000201 A
008 C000201 801-000000
008 D010201 NEW YORK
008 D020201 NY
008 D030201 10043
010 A000201 CFBDS, INC.
010 B000201 8-15648
010 C010201 BOSTON
010 C020201 MA
010 C030201 02109
011 A000201 CFBDS, INC.
011 B000201 8-15648
011 C010201 BOSTON
011 C020201 MA
011 C030201 02109
012 A000201 CITIBANK, N.A.
012 B000201 84-0000000
012 C010201 NEW YORK
012 C020201 NY
012 C030201 10043
013 A000201 DELOITTE & TOUCHE LLP
013 B010201 BOSTON
013 B020201 MA
013 B030201 02116
014 A000201 CFBDS, INC.
014 B000201 8-15648
015 A000201 STATE STREET BANK AND TRUST COMPANY
015 B000201 C
015 C010201 BOSTON
015 C020201 MA
015 C030201 02110
015 E010201 X
<PAGE>      PAGE  9
018  000200 Y
019 A000200 Y
019 B000200   48
019 C000200 CITIFUNDS.
024  000200 N
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028 E020200       485
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028 F010200     85652
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028 F040200     84816
028 G010200    531128
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029  000200 N
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032  000200      0
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034  000200 N
<PAGE>      PAGE  10
035  000200      0
036 B000200      0
037  000200 N
038  000200      0
039  000200 N
040  000200 Y
041  000200 Y
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042 B000200   0
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042 D000200   0
042 E000200   0
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048 G020200 0.000
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048 I010200        0
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048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
055 A000200 N
055 B000200 N
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057  000200 N
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
061  000200     1000
062 A000200 N
<PAGE>      PAGE  11
062 B000200   0.0
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062 D000200   0.0
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062 P000200   0.0
062 Q000200   0.0
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063 A000200   0
063 B000200  0.0
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
<PAGE>      PAGE  12
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200         0
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072BB000200        0
072CC010200        0
072CC020200        0
072DD010200     7255
072DD020200        0
072EE000200        0
073 A010200   0.0217
073 A020200   0.0000
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073 C000200   0.0000
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<PAGE>      PAGE  13
074 B000200        0
074 C000200        0
074 D000200        0
074 E000200        0
074 F000200        0
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074 H000200        0
074 I000200   297397
074 J000200        0
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074 R020200        0
074 R030200        0
074 R040200     1539
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074 T000200   295913
074 U010200   295913
074 U020200        0
074 V010200     1.00
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074 W000200   0.0000
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074 Y000200        0
075 A000200   335214
075 B000200        0
076  000200     0.00
080 C000200        0
081 B000200   0
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083 A000200 N
083 B000200        0
084 A000200 N
084 B000200        0
085 A000200 N
085 B000200 N
SIGNATURE   JOHN R.ELDER
TITLE       TREASURER


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000747576
<NAME> CITIFUNDS CASH RESERVES
<SERIES>
   <NUMBER>001N
   <NAME>CITIFUNDS  TRUST III

<S>                             <C>
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[AVG-DEBT-OUTSTANDING]                               0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000747576
<NAME> CITIFUNDS CASH RESERVES
<SERIES>
   <NUMBER>001A
   <NAME>CITIFUNDS  TRUST III

<S>                             <C>
<PERIOD-TYPE>                  6 MONTHS
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<EXPENSE-RATIO>                                   0.70
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000747576
<NAME> CITIFUNDS CASH RESERVES
<SERIES>
   <NUMBER>001B
   <NAME>CITIFUNDS  TRUST III

<S>                             <C>
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<EXPENSE-RATIO>                                   1.45
[AVG-DEBT-OUTSTANDING]                               0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000747576
<NAME> CITIFUNDS U.S. TREASURY RESERVES
<SERIES>
   <NUMBER>002
   <NAME>CITIFUNDS TRUST III

<S>                             <C>
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</TABLE>


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