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- -------- U.S. SECURITIES AND EXCHANGE COMMISSION
FORM 3 WASHINGTON, D.C. 20549
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INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person* 2. Date of Event Re- 4. Issuer Name and Ticker or Trading Symbol
quiring Statement
Citigroup Inc.+ (Month/Day/Year) Travelers Corporate Loan Fund Inc. (TLI)
- ------------------------------------------------- 11/19/98 ------------------------------------------------------------
(Last) (First) (Middle) 5. Relationship of Reporting Person 6. If Amendment, Date
----------------------- to Issuer (Check all applicable) of Original
3. IRS or Social Se- Director X 10% Owner (Month/Day/Year)
curity Number of ---- ----
153 E. 53rd Street Reporting Person Officer (give Other (specify ---------------------
- ------------------------------------------------- (Voluntary) title below) X below) 7. Individual or
(Street) ---- ---- Joint/Group Filing
(Check Applicable
Line)
52-1568099 --------------------------------- Form filed by One
New York, New York 10043 Please see Annex B hereto Reporting Person
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Form filed by
More than One
X Reporting Person
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(City) (State) (Zip) Table I -- Non-Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Form: Direct Ownership
(D) or Indirect
(Instr. 4) (I) (Instr. 5) (Instr. 5)
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Common Stock 1,340,000.667 I ++
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* If the form is filed by more than one reporting person, see instruction 5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses)
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FORM 3 (CONTINUED) TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE
SECURITIES)
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1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) cisable and Underlying Derivative Security sion or ship Beneficial
Expiration (Instr. 4) Exercise Form of Ownership
Date Price of Deriv- (Instr. 5)
(Month/Day/ Deri- ative
Year) vative Security:
-------------------------------------------------- Security Direct
Amount (D) or
Date Expir- of Indirect
Exer- ation Title Number (I)
cisable Date of
Shares (Instr. 5)
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Explanation of Responses:
+ Citigroup Inc. is making this joint filing on Form 3 on its behalf of the entities listed on Annex A hereto in accordance with
instruction 5(b)(v) to this Form 3 and has signed this Form 3 on their behalf. The signature of each of the entities on whose
behalf Citigroup Inc. is making this joint filing appear on Annex C hereto. The relationship to the Issuer of each such entity is
described on Annex B hereto.
++ Please see section (a) of Annex B hereto.
/s/ Anita Romero/Assistant Secretary 12/4/98
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**Intentional misstatements or omissions of facts constitute Federal **Signature of Reporting Person Date
Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
SEE Instruction 6 for procedure.
(Print or Type Responses) Page 2
SEC 1473 (7-97)
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Annex A to Form 3
Citigroup Inc. is making this joint filing on Form 3 on its own behalf and on
behalf of the following entities:
1. Travelers Casualty and Surety Company
One Tower Square
Hartford, Connecticut 06183
(I.R.S. Identification No. 06-6033504)
2. Salomon Smith Barney Inc.
388 Greenwich Street
New York, New York 10013
(I.R.S. Identification No. 11-2418181)
3. Mutual Management Corp.
388 Greenwich Street
New York, New York 10013
(I.R.S. Identification No. 13-2616913)
4. Travelers Asset Management International Corporation
One Tower Square
Hartford, Connecticut 06183
(I.R.S. Identification No. 13-2940651)
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Annex B to Form 3
Citigroup Inc. ("Citigroup") is making this joint filing on Form 3
on behalf of the entities listed below that are either beneficial owners of
the securities reported on this Form 3 or investment advisers to the Issuer.
(a) Beneficial Owners. In response to Items 3 and 4 of Table I of this
Form 3, listed below are the names of the beneficial owners of Common
Stock and the nature of such beneficial ownership.
(i) Travelers Casualty and Surety Company ("TCS"), an indirect
wholly-owned subsidiary of Citigroup, is the direct beneficial
owner of 1,333,334 shares of Common Stock. TCS hereby disclaims
beneficial ownership of the securities reported on this Form 3
of which Salomon Smith Barney Inc. ("SSB") has direct beneficial
ownership.
(ii) SSB, an indirect wholly-owned subsidiary of Citigroup, is the
direct beneficial owner of 6,666.667 shares of Common Stock. SSB
hereby disclaims beneficial ownership of the securities reported
on this Form 3 of which TCS has direct beneficial ownership.
(b) Investment Advisers. The names of the entities that are investment
advisers to the Issuer are listed below.
(i) Mutual Management Corp., an indirect wholly-owned subsidiary of
Citigroup, is investment adviser to the Issuer.
(ii) Travelers Asset Management International Corporation, an indirect
wholly-owned subsidiary of Citigroup, is subinvestment adviser to
the Issuer.
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Annex C to Form 3
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Date: December 4, 1998
TRAVELERS CASUALTY AND SURETY COMPANY
By: /s/ Millie Kim
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Name: Millie Kim
Title: Assistant Secretary
SALOMON SMITH BARNEY INC.
By: /s/ Howard M. Darmstadter
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Name: Howard M. Darmstadter
Title: Assistant Secretary
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MUTUAL MANAGEMENT CORP.
By: /s/ Heath B. McLendon
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Name: Heath B. McLendon
Title: President and Chief
Executive Officer
TRAVELERS ASSET MANAGEMENT
INTERNATIONAL CORPORATION
By: /s/ Andrew E. Feldman
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Name: Andrew E. Feldman
Title: Assistant Secretary
