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<PAGE> PAGE 21
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032 000400 0
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034 000400 N
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<PAGE> PAGE 22
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048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
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050 000400 N
051 000400 N
052 000400 Y
053 A000400 Y
053 B000400 Y
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054 B000400 Y
054 C000400 Y
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054 E000400 N
054 F000400 N
054 G000400 Y
054 H000400 Y
054 I000400 N
054 J000400 Y
054 K000400 N
054 L000400 N
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054 N000400 N
054 O000400 N
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
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<PAGE> PAGE 23
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062 D000400 8.1
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062 J000400 19.7
062 K000400 0.0
062 L000400 15.5
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063 B000400 0.0
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
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070 A020400 Y
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070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
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070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 N
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<PAGE> PAGE 24
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070 P010400 N
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<PAGE> PAGE 25
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080 A000400 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> 0000889512
<NAME> CITIFUNDS INSTITUTIONAL LIQUID RESERVES
<SERIES>
<NUMBER>001
<NAME>CITIFUNDS INSTITUTIONAL TRUST
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1998
<PERIOD-END> AUG-31-1998
<INVESTMENTS-AT-COST> 3,339,716,294
<INVESTMENTS-AT-VALUE> 3,339,716,294
<RECEIVABLES> 50,924,631
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,390,640,925
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,140,199
<TOTAL-LIABILITIES> 10,140,199
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,380,500,726
<SHARES-COMMON-STOCK> 3,380,500,726
<SHARES-COMMON-PRIOR> 1,967,490,874
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 3,380,500,726
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 174,973,062
<OTHER-INCOME> 0
<EXPENSES-NET> 6,088,572
<NET-INVESTMENT-INCOME> 168,884,490
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 168,884,490
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (168,884,490)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> ##############
<NUMBER-OF-SHARES-REDEEMED> ##############
<SHARES-REINVESTED> 131,980,079
<NET-CHANGE-IN-ASSETS> 1,413,009,852
<ACCUMULATED-NII-PRIOR> 0
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889512
<NAME> CITIFUNDS INSTITUTIONAL TREASURY RESERVES
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<NAME>CITIFUNDS INSTITUTIONAL TRUST
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<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Aug-31-1998
<PERIOD-END> Aug-31-1998
<INVESTMENTS-AT-COST> 264,233,668
<INVESTMENTS-AT-VALUE> 264,233,668
<RECEIVABLES> 71,188
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<TOTAL-LIABILITIES> 168,949
<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 264,135,907
<SHARES-COMMON-PRIOR> 306,349,936
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
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<NET-ASSETS> 264,135,907
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13,763,876
<OTHER-INCOME> 0
<EXPENSES-NET> 655,213
<NET-INVESTMENT-INCOME> 13,108,663
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 13,108,663
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,322,758,384
<NUMBER-OF-SHARES-REDEEMED> ##############
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<NET-CHANGE-IN-ASSETS> (42,214,029)
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-EXPENSE> 1,798,875
<AVERAGE-NET-ASSETS> 262,340,111
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
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<PER-SHARE-DIVIDEND> (0.05)
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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 Institutional Tax Free Reserves
CIK Number0000889512
Series # :003
Series NamCitiFunds Institutional Trust
Period EndAug-31-1998 [mmm-dd-yyyy]
Fiscal YeaAug-31-1998 [mmm-dd-yyyy]
Period Typ12-mos [mo(s) or year]
Statement of Asset and Liabilities
Assets
Investment (co $ 207,725,16) 207,725,160
Cash (domestic and foreign) -
Receivable for securities Sold -
Receivable for Capital Stock sold -
Dividend receiveable -
Interest receivable -
Other receivable -
Other assets -
Total Assets 207,725,160
Liabilities
Payable for Securities Purchased -
Other payables 360,371
Other Liablities 53,614
Total Liablities 413,985
Net Assets 207,311,175
Capital Section
Paid-in Capital 207,307,926
Undistributed Net Realized gain (loss) on Investments 3,249
Unrealized appreciation (depreciation) of investments and
foreign currency translations -
Undistributed net investment income -
Total Capital 207,311,175
Statement of Operations
Investment Income
Interest Income 3,803,224
Dividend Income -
Other Income -
Total Income 3,803,224
Expenses
Investment advisiory fees -
Interest expense -
Other expenses 859,638
Gross expenses 859,638
Less: Waivers and Subsidies (601,784)
Net expenses 257,854
Net investment income 3,545,370
Net Realized and Unrealized Gain/(Loss) on Investments
Net realized gain/(loss) form investment transactions 2,742
Net change in unrealized appreciation/(depreciation) -
Net realized and unrealized gain/(loss) on investments 2,742
Net Increase/(Decrease) in Net Assets resulting
from Operations 3,548,112
Statement of Changes in Net Assets
Increase/(Decrease) in Net Assets from:
Operations
Net investment income 3,545,370
Net realized gain/(loss) on investments 2,742
Net change in unrealized appreciation/(depreciation)
of investments -
Net increase/(decrease) in net assets resulting from
operations 3,548,112
Distribution to Shareholders
Net Investment Income (3,544,863)
Capital gains -
Return of Capital (Income) -
Return of Capital (Capital) -
Total Distribution to Shareholders (3,544,863)
Capital Stock Transactions
Net proceeds from sale of shares 426,509,070
Cost of shares repurchased (280,741,925)
Dividend and/or Distribution 1,493,140
147,260,285
Net Increase/(decrease) in Net Assets 147,263,534
Net Assets
Beginning of Period 60,047,641
End of Period 207,311,175
Miscellanous Information
Shares
Prior 60,047,641
Subs 426,509,070
Redemptions (280,741,925)
Reinvested 1,493,140
Current Shares 207,307,926
Undistributed Income
Prior undistribute (507)
Net investment income 3,545,370
Return of Capital -
Income Distribution (3,544,863)
Current undistribute income -
Undistribute Capital Gain
Prior undistribute (2,742)
Net Capital Gain/(Loss) 2,742
Return of Capital -
Capital Gain Distribution -
Current undistribute income -
Average Net Assets 103,391,514
Financial Highlights
Net Asset Value, Beginning of period 1.00000
Income from Operations
Net Investment Income 0.03440
Net realized and unrealized gain/(loss) on
investments -
Total from operations 0.03440
Less distribution from:
Net investment income (0.03440)
Net realized gain on investments -
Return of Capital -
Total distributions (0.03440)
Net Asset Value, end of period 1.00000
Expense Ratio 0.25000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889512
<NAME> CITIFUNDS INSTITUTIONAL CASH RESERVES
<SERIES>
<NUMBER>004
<NAME>CITIFUNDS INSTITUTIONAL TRUST
<S> <C>
<PERIOD-TYPE> 11-MOS
<FISCAL-YEAR-END> AUG-31-1998
<PERIOD-END> AUG-31-1998
<INVESTMENTS-AT-COST> 256,302,060
<INVESTMENTS-AT-VALUE> 256,302,060
<RECEIVABLES> 301,127
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 475
<TOTAL-ASSETS> 256,603,662
<PAYABLE-FOR-SECURITIES> 10,000,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,084,152
<TOTAL-LIABILITIES> 11,084,152
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 245,519,510
<SHARES-COMMON-STOCK> 245,519,510
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 245,519,510
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11,893,932
<OTHER-INCOME> 0
<EXPENSES-NET> 526,726
<NET-INVESTMENT-INCOME> 11,367,206
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 11,367,206
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,367,206)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,513,814,384
<NUMBER-OF-SHARES-REDEEMED> ##############
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 245,519,510
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 311,993
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 707,610
<AVERAGE-NET-ASSETS> 240,247,569
<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> 0.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
