<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 0000795808
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 CITIFUNDS FIXED INCOME TRUST
001 B000000 811-5033
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 SHORT TERM US GOVERNMENT PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 CITIFUNDS INTERMEDIATE INCOME PORTFOLIO
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
<PAGE> PAGE 2
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 FUJI INTERNATIONAL
022 B000001 36-2880742
022 C000001 310593
022 D000001 0
022 A000002 WESTDEUTSCHE LANDESBANK
022 B000002 13-2677075
022 C000002 124037
022 D000002 0
022 A000003 AUBREY LANSTON & CO.
022 B000003 13-5552129
022 C000003 114576
022 D000003 469
022 A000004 FIRST UNION
022 B000004 N/A
022 C000004 71534
022 D000004 0
022 A000005 PAINE WEBBER INCORPORATED
022 B000005 13-2638166
022 C000005 32646
022 D000005 14949
022 A000006 SALOMON BROTHERS INCORPORATED
022 B000006 13-3082694
022 C000006 22055
022 D000006 986
022 A000007 SANWA SECURITIES
022 B000007 13-3046258
022 C000007 16990
022 D000007 0
022 A000008 SBC WARBURG
022 B000008 N/A
022 C000008 11774
022 D000008 3480
022 A000009 LEHMAN BROTHERS INCORPORATED
022 B000009 13-2518466
022 C000009 10759
022 D000009 3714
022 A000010 HSBC SECURITIES INCORPORATED
022 B000010 13-2650272
022 C000010 8895
022 D000010 3885
023 C000000 786945
023 D000000 57337
026 A000000 N
026 B000000 Y
026 C000000 Y
<PAGE> PAGE 3
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
077 A000000 Y
077 B000000 Y
077 Q010000 Y
078 000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 CITIBANK, N.A.
008 B000101 A
008 C000101 801-000000
008 D010101 NEW YORK
008 D020101 NY
008 D030101 10043
010 A000101 CFBDS, INC.
010 B000101 8-15648
010 C010101 BOSTON
010 C020101 MA
010 C030101 02116
011 A000101 CFBDS, INC.
011 B000101 8-15648
011 C010101 BOSTON
011 C020101 MA
011 C030101 02116
012 A000101 CITIBANK, N.A.
012 B000101 84-0000000
012 C010101 NEW YORK
012 C020101 NY
012 C030101 10043
013 A000101 PRICEWATERHOUSECOOPERS LLP
013 B010101 BOSTON
013 B020101 MA
013 B030101 02110
014 A000101 CFBDS, INC.
014 B000101 8-15648
015 A000101 STATE STREET BANK & TRUST COMPANY
<PAGE> PAGE 4
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02110
015 E010101 X
018 000100 Y
019 A000100 Y
019 B000100 50
019 C000100 CITIFUNDS.
024 000100 N
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 6772
028 A020100 120
028 A030100 0
028 A040100 665
028 B010100 1934
028 B020100 123
028 B030100 0
028 B040100 312
028 C010100 3597
028 C020100 135
028 C030100 0
028 C040100 453
028 D010100 4818
028 D020100 155
028 D030100 0
028 D040100 469
028 E010100 5348
028 E020100 171
028 E030100 0
028 E040100 1248
028 F010100 5035
028 F020100 184
028 F030100 0
028 F040100 1256
028 G010100 27504
028 G020100 888
028 G030100 0
028 G040100 4403
028 H000100 0
029 000100 Y
030 A000100 0
030 B000100 1.50
030 C000100 0.00
<PAGE> PAGE 5
031 A000100 0
031 B000100 0
032 000100 0
033 000100 0
034 000100 N
035 000100 0
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 0
044 000100 0
045 000100 N
048 000100 0.000
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
<PAGE> PAGE 6
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 1000
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
<PAGE> PAGE 7
070 L010100 N
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 12
072 B000100 1681
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 0
072 G000100 73
072 H000100 0
072 I000100 73
072 J000100 17
072 K000100 0
072 L000100 31
072 M000100 10
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 18
072 S000100 15
072 T000100 44
072 U000100 0
072 V000100 0
072 W000100 119
072 X000100 400
072 Y000100 168
072 Z000100 1449
072AA000100 230
072BB000100 0
072CC010100 41
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
<PAGE> PAGE 8
073 A010100 0.4740
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 46866
074 J000100 0
074 K000100 0
074 L000100 1394
074 M000100 0
074 N000100 48260
074 O000100 0
074 P000100 10
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 216
074 S000100 0
074 T000100 48034
074 U010100 4937
074 U020100 0
074 V010100 9.73
074 V020100 0.00
074 W000100 0.0000
074 X000100 1398
074 Y000100 0
075 A000100 0
075 B000100 29092
076 000100 0.00
080 A000100 CHUBB GROUP OF INSURANCE CO.
080 C000100 11750
081 A000100 Y
081 B000100 49
082 A000100 Y
082 B000100 50
083 A000100 N
083 B000100 0
084 A000100 N
084 B000100 0
085 A000100 N
085 B000100 N
008 A000201 DELETE
010 A000201 DELETE
<PAGE> PAGE 9
011 A000201 DELETE
012 A000201 DELETE
013 A000201 DELETE
014 A000201 DELETE
015 A000201 DELETE
018 000200 N
019 A000200 N
019 B000200 0
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 0
028 A020200 0
028 A030200 0
028 A040200 0
028 B010200 0
028 B020200 0
028 B030200 0
028 B040200 0
028 C010200 0
028 C020200 0
028 C030200 0
028 C040200 0
028 D010200 0
028 D020200 0
028 D030200 0
028 D040200 0
028 E010200 0
028 E020200 0
028 E030200 0
028 E040200 0
028 F010200 0
028 F020200 0
028 F030200 0
028 F040200 0
028 G010200 0
028 G020200 0
028 G030200 0
028 G040200 0
028 H000200 0
029 000200 N
030 A000200 0
030 B000200 0.00
030 C000200 0.00
031 A000200 0
<PAGE> PAGE 10
031 B000200 0
032 000200 0
033 000200 0
034 000200 N
035 000200 0
036 B000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 N
041 000200 N
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 0
044 000200 0
045 000200 N
048 000200 0.000
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
055 A000200 N
055 B000200 N
056 000200 N
057 000200 N
058 A000200 N
061 000200 0
<PAGE> PAGE 11
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 0.0
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 N
070 A020200 Y
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 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
<PAGE> PAGE 12
070 N010200 N
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 12
072 B000200 0
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 0
072 G000200 0
072 H000200 0
072 I000200 0
072 J000200 0
072 K000200 0
072 L000200 0
072 M000200 0
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 0
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 0
072 X000200 0
072 Y000200 0
072 Z000200 0
072AA000200 0
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
<PAGE> PAGE 13
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 0
074 M000200 0
074 N000200 0
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 0
074 S000200 0
074 T000200 0
074 U010200 0
074 U020200 0
074 V010200 0.00
074 V020200 0.00
074 W000200 0.0000
074 X000200 0
074 Y000200 0
075 A000200 0
075 B000200 0
076 000200 0.00
080 A000200 CHUBB GROUP OF INSURANCE COMPANIES
080 C000200 11275
081 A000200 Y
081 B000200 48
082 A000200 Y
082 B000200 50
083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 N
085 B000200 N
080 C001100 0
081 B001100 0
082 B001100 0
SIGNATURE JOHN R. ELDER
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000795808
<NAME> CITIFUNDS SHORT TERM U.S. GOVERNMENT INCOME PORTFOLIO
<SERIES>
<NUMBER>001
<NAME>CITIFUNDS FIXED INCOME TRUST
<S> <C>
<PERIOD-TYPE> 12 months
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 46,866,334
<RECEIVABLES> 1,393,418
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 48,259,752
<PAYABLE-FOR-SECURITIES> 177,324
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 177,324
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 50,509,198
<SHARES-COMMON-STOCK> 4,937,101
<SHARES-COMMON-PRIOR> 2,105,044
<ACCUMULATED-NII-CURRENT> 14,657
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,392,695)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (97,063)
<NET-ASSETS> 48,034,097
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,680,796
<OTHER-INCOME> 0
<EXPENSES-NET> 231,824
<NET-INVESTMENT-INCOME> 1,448,972
<REALIZED-GAINS-CURRENT> 230,601
<APPREC-INCREASE-CURRENT> 40,666
<NET-CHANGE-FROM-OPS> 1,720,239
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,442,038)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 36,423,583
<NUMBER-OF-SHARES-REDEEMED> (10,340,734)
<SHARES-REINVESTED> 1,435,786
<NET-CHANGE-IN-ASSETS> 27,796,836
<ACCUMULATED-NII-PRIOR> 7,723
<ACCUMULATED-GAINS-PRIOR> (2,623,296)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 72,730
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 399,693
<AVERAGE-NET-ASSETS> 29,091,888
<PER-SHARE-NAV-BEGIN> 9.61
<PER-SHARE-NII> 0.47
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.47)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.73
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
12-Feb-99
To the Board of Trustees of CitiFunds Fixed Income Trust and the
Shareholders of CitiFunds Short-Term U.S. Government Income Portfolio
In planning and performing our audit of the financial statements of CitiFunds
Short-Term U.S. Government Income Portfolio (one of the funds constituting
CitiFunds Fixed Income Trust, hereafter referred to as the "Fund") for the
year ended December 31, 1998, we considered its internal control, including
control activities for safeguarding investments, in order to determine our
auditing procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, not to
provide assurance on internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs
of controls. Generally, controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for external purposes that
are fairly presented in conformity with generally accepted accounting
principles. Those control activities include the safeguarding of assets
against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that it may become inadequate because
of changes in conditions or that the effectiveness of the design and operation
may deteriorate.
Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of one or more of the internal control components does not reduce
to a relatively low level the risk that misstatements caused by error or fraud
in amounts that would be material in relation to the financial statements
being audited may occur and not be detected within a timely period by
employees in the normal course of performing their assigned functions.
However, we noted no matters involving internal control, including control
activities for safeguarding investments, that we consider to be material
weaknesses as defined above as of December 31, 1998.
This report is intended solely for the information and use of management and
the Board of Trustees of the Fund and the Securities and Exchange
Commission.
