Account Protection

For your information and convenience, below is description of account protection for accounts held at Citigroup Global Markets Inc.:

As a client whose account is held at Citigroup Global Markets Inc. (CGMI), the protection we provide exceeds what the law requires. While most brokerage firm clients are entitled to the protection provided through Securities Investor Protection Corporation (SIPC), at CGMI, you also receive protection supplemental to SIPC, which is provided at no cost to you.

Please be aware of the following:

• CGMI is required to comply with the protection standards set forth by the Securities and Exchange Commission ("SEC").
• We maintain capital well in excess of the levels required by the SEC.
• Fully paid for and excess margin securities held in CGMI client accounts are segregated from CGMI assets in compliance with SEC Rule 15c3-3. The SEC and FINRA regularly audit the safeguards and controls set up to protect client assets held in accounts at CGMI.
• In the event of a forced liquidation of CGMI, your cash and securities will be made available to the trustee of these proceedings to transfer to you or to another broker-dealer.
• In the event of a shortfall of client assets after a forced liquidation of a securities firm, SIPC provides up to $500,000 securities protection per client per legal capacity of which up to $100,000 may be to satisfy a claim for cash.
• As additional protection to augment coverage provided through SIPC, Citigroup Inc. has purchased, at no cost to you, supplementary insurance protection through certain underwriters at Lloyds and various insurance companies for certain of its broker dealers subsidiaries including CGMI.

In the unlikely event that eligible client assets are not fully recovered and SIPC protection limits have been paid, this additional policy becomes available and provides protection above the SIPC limits. This additional coverage is subject to an aggregate firm wide cap of $1 billion with no per client sublimit for securities and a $1.9 million per client limit for the cash portion of any remaining shortfall. If a client maintains more than one account at the CGMI in separate capacities (individual, joint, trust), each account would be protected by SIPC and the supplementary protection up to the client and aggregate limits mentioned above.

The following is a summary of the protection provided for clients who hold their securities with us. All protection is provided at no cost to you.

SIPC

SIPC provides up to a maximum of $500,000 of securities protection, of which up to $100,000 may be to satisfy a claim for cash, for each protected account.

Supplemental Protection

In addition to SIPC coverage, Citigroup Inc. has purchased supplementary insurance protection through certain underwriters at Lloyd's and various insurance companies for certain of its broker dealers subsidiaries including CGMI. In the unlikely event that eligible client assets are not fully recovered and SIPC protection limits have been paid, this additional coverage is available to provide protection above the SIPC limits. This coverage is subject to an aggregate firm wide cap of $1 billion with no per client sublimit for securities and a $1.9 million per client limit for the cash portion of any remaining shortfall.

The protection described here is not against losses from fluctuations in the value of your portfolio, but rather to ensure the delivery to you of your portfolio assets (up to the amounts stated here) in the event of a forced liquidation of CGMI. Protection will apply only to eligible securities or cash on deposit with CGMI in securities accounts. Commodity and futures contracts, currency and investment contracts (such as limited partnerships) and fixed annuity contracts not registered with the SEC are not protected. Deposits in the Bank Deposit Program are also not covered by SIPC or other supplemental protection. Repurchase and reverse repurchase transactions, as well as securities lending and borrowing transactions, may not be protected.

How the Supplemental Protection Works

In the case of a broker-dealer bankruptcy, SIPC or a trustee appointed by the federal courts would oversee the liquidation and distribution of that firm's property and client accounts. Before satisfying its creditors, client claims would first be inventoried and distributed to them or to another broker-dealer using the cash and securities held by CGMI in client accounts.

In the event of a shortfall in customer assets, funds would then be advanced by SIPC or the trustee (up to $500,000 for securities per client per legal capacity of which up to $100,000 may be to satisfy a claim for cash).* Information regarding SIPC, including the SIPC Information Brochure, may be obtained by contacting SIPC directly at its Web site, http://www.sipc.org/ or by telephone at 202-371-8300.

In the unlikely event that eligible client assets are not fully recovered and SIPC protection limits have been paid, this additional coverage is available to provide protection above the SIPC limits. This coverage is subject to an aggregate firm wide cap of $1 billion with no per client sublimit for securities and a $1.9 million per client limit for the cash portion of any remaining shortfall.

Multiple Accounts

In general, our account protection limits are per single client, even though a client may maintain several different accounts with us. However, when a client holds accounts in separate capacities (for example, single account, joint account, trustee account), each of these accounts may be protected up to the specified amounts.

Bank Deposit Program (BDP)

Funds swept into savings deposits through the BDP feature are protected against the failure of each depository institution by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000 per depository institution in the aggregate for each insurable capacity in which the funds are held. Deposit insurance protection is discussed in the BDP Disclosure Document.

Other Protection

CGMI also maintains another level of protection to cover cash and securities held at CGMI that may be deemed missing through theft, fire, employee dishonesty or any unexplained disappearance independent of a financial failure. A consortium of London and U.S. insurers provides this protection up to $750 million.

About Lloyd's

Lloyd's of London is one of the world's leading insurance markets. Lloyd's is currently rated A (Strong) from Standard & Poor's (July 2008) and A (Excellent) from A.M. Best (July 2008).

Last Updated December 22, 2009.

Investments are offered through Citigroup Global Markets Inc. ("CGMI"), member SIPC. CGMI and Citibank, N.A. are affiliated companies wholly owned by Citigroup Inc. CITI and CITI with Arc Design are registered service marks of Citigroup Inc. or its affiliates.