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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
068 A000100 N
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070 D010100 N
070 D020100 N
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070 F010100 N
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070 G010100 N
070 G020100 N
070 H010100 N
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070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
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070 M010100 N
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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080 A000100 CHUBB GROUP OF INSURANCE CO.
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008 A000201 CITIBANK, N.A.
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010 A000201 CFBDS, INC.
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011 A000201 CFBDS, INC.
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012 A000201 CITIBANK,N.A.
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014 B000201 8-15648
015 A000201 STATE STREET BANK & TRUST COMPANY
<PAGE> PAGE 9
015 B000201 C
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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080 A000200 CHUBB GROUP OF INSURANCE CO.
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SIGNATURE JOHN R.ELDER
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000850628
<NAME> CITIFUNDS PREMIUM U.S. TREASURY RESERVES
<SERIES>
<NUMBER>002
<NAME>CITIFUNDS PREMIUM TRUST
<S> <C>
<PERIOD-TYPE> 1-YEAR
<FISCAL-YEAR-END> Aug-31-1998
<PERIOD-END> Aug-31-1998
<INVESTMENTS-AT-COST> 326,374,357
<INVESTMENTS-AT-VALUE> 326,374,357
<RECEIVABLES> 50,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 326,424,357
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 686,473
<TOTAL-LIABILITIES> 686,473
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 325,737,884
<SHARES-COMMON-STOCK> 325,737,884
<SHARES-COMMON-PRIOR> 239,441,152
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 325,737,884
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 14,546,173
<OTHER-INCOME> 0
<EXPENSES-NET> 1,246,598
<NET-INVESTMENT-INCOME> 13,299,575
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 13,299,575
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13,299,575)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 629,448,550
<NUMBER-OF-SHARES-REDEEMED> (551,581,566)
<SHARES-REINVESTED> 8,429,748
<NET-CHANGE-IN-ASSETS> 86,296,732
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,914,521
<AVERAGE-NET-ASSETS> 276,403,722
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.45
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
CitiBank EDGAR Filing
Financial Data Schedule
Name of FuCitiFunds Premium Liquid Reserves
CIK Number0000850628
Series # :001
Series NamCitiFunds Premium Trust
Period EndAug-31-1998 [mmm-dd-yyyy]
Fiscal YeaAug-31-1998 [mmm-dd-yyyy]
Period Typ1-Year [mo(s) or year]
Statement of Asset and Liabilities
Assets
Investment (co $ 612,564,04) 612,564,042
Cash (domestic and foreign) -
Receivable for securities Sold -
Receivable for Capital Stock sold 140,062
Dividend receiveable -
Interest receivable -
Other receivable -
Other assets -
Total Assets 612,704,104
Liabilities
Payable for Securities Purchased
Other payables 1,236,614
Other Liablities 197,891
Total Liablities 1,434,505
Net Assets 611,269,599
Capital Section
Paid-in Capital 611,269,599
Undistributed Net Realized gain (loss) on Investments -
Unrealized appreciation (depreciation) of investments and
foreign currency translations -
Undistributed net investment income -
Total Capital 611,269,599
Statement of Operations
Investment Income
Interest Income 29,653,522
Dividend Income -
Other Income -
Total Income 29,653,522
Expenses
Investment advisory fees -
Interest expense -
Other expenses 3,472,577
Gross expenses 3,472,577
Less: Waivers and Subsidies (1,407,168)
Net expenses 2,065,409
Net investment income 27,588,113
Net Realized and Unrealized Gain/(Loss) on Investments
Net realized gain/(loss) form investment transactions -
Net change in unrealized appreciation/(depreciation) -
Net realized and unrealized gain/(loss) on investments -
Net Increase/(Decrease) in Net Assets resulting
from Operations 27,588,113
Statement of Changes in Net Assets
Increase/(Decrease) in Net Assets from:
Operations
Net investment income 27,588,113
Net realized gain/(loss) on investments -
Net change in unrealized appreciation/(depreciation)
of investments -
Net increase/(decrease) in net assets resulting from
operations 27,588,113
Distribution to Shareholders
Net Investment Income (27,588,113)
Capital gains -
Return of Capital (Income) -
Return of Capital (Capital) -
Total Distribution to Shareholders (27,588,113)
Capital Stock Transactions
Net proceeds from sale of shares 3,151,376,399
Cost of shares repurchased (2,941,837,920)
Dividend and/or Distribution 13,821,096
223,359,575
Net Increase/(decrease) in Net Assets 223,359,575
Net Assets
Beginning of Period 387,910,024
End of Period 611,269,599
Miscellanous Information
Shares
Prior 387,910,024
Subs 3,151,376,399
Redemptions (2,941,837,920)
Reinvested 13,821,096
Current Shares 611,269,599
Undistributed Income
Prior undistribute -
Net investment income 27,588,113
Return of Capital -
Income Distribution (27,588,113)
Current undistribute income -
Undistribute Capital Gain
Prior undistribute -
Net Capital Gain/(Loss) -
Return of Capital -
Capital Gain Distribution -
Current undistribute income -
Average Net Assets 511,556,382
Financial Highlights
Net Asset Value, Beginning of period 1.00000
Income from Operations
Net Investment Income 0.05348
Net realized and unrealized gain/(loss) on
investments -
Total from operations 0.05348
Less distribution from:
Net investment income (0.05348)
Net realized gain on investments -
Return of Capital -
Total distributions (0.05348)
Net Asset Value, end of period 1.00000
Expense Ratio 0.40
</TABLE>
