To review the previous 12 months of publicly available information filed for this fund please go to the Securities and Exchange Commission (SEC) Web site.

The Prime and Tax Exempt Portfolios will be required to price and transact in their shares at a floating net asset value ("NAV").

STABLE NAV FUNDS
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Funds' sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

FLOATING NAV FUNDS
You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Funds' sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

The yields represent past performance. Past performance does not guarantee future results. Yields will fluctuate as market conditions change. The yield quotations more closely reflect the current earnings of the fund.

Please be aware that a money market portfolio may be subject to certain additional risks. Fixed-income securities. Subject to credit and interest-rate risk. Credit risk refers to the ability of an issuer to make timely payments of interest and principal. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. In a declining interest-rate environment, the portfolio may generate less income. In a rising interest-rate environment, bond prices fall. Tax treatment. The Tax-Exempt portfolio may invest a portion of its total assets in bonds that may subject certain investors to the federal Alternative Minimum Tax (AMT). You should consult your tax adviser for further information on tax implications.

While the information contained herein has been obtained from sources believed to be reliable, Citibank has not independently verified this information and its accuracy and completeness cannot be guaranteed. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of this information. Citibank assumes no liability for information, which is being provided to you solely for evaluation and general information.

This document is issued for informational purposes only. It does not constitute an offer to sell, or a recommendation to purchase, or a solicitation of an offer to buy, any security, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale may not lawfully be made. All transactions to be accommodated on a best efforts basis. The information stated in this document, as well as availability of any security or fund, is subject to change. Fund investment minimums are set forth in the prospectus and may be subject to change.

Please consider the investment objectives, risks, charges and expenses of each fund carefully before investing. The prospectus contains this and other information about the fund. To obtain a prospectus, contact your financial advisor, or download one at here. Please read the prospectus carefully before investing.