[Federal Register Volume 68, Number 99 (Thursday, May 22, 2003)]
[Notices]
[Page 28033]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-12890]


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DEPARTMENT OF LABOR

Employee Benefits Security Administration

[Application No. D-10269]


Withdrawal of the Notice of Proposed Exemption Involving the 
Travelers Group Inc. 401(k) Savings Plan (the Plan) Located in New 
York, NY

    In the Federal Register dated December 30, 1996, (61 FR 68794), the 
Department of Labor (the Department) published a notice of proposed 
exemption from the prohibited transaction restrictions of the Employee 
Retirement Income Security Act of 1974 and from certain taxes imposed 
by the Internal Revenue Code of 1986. The notice of proposed exemption 
concerned: (1) The in-kind contribution by Travelers Group Inc. (TGI) 
of certain options (the Stock Option or Stock Options) into the 
accounts in the Plan of eligible employees of TGI and its subsidiaries 
and affiliates (the Employees or Employee); (2) the holding of the 
Stock Options by such accounts; and (3) the exercise of such Stock 
Options by Employees in order to purchase shares of common stock of 
TGI.
    By letter dated April 29, 2003, Citigroup Inc., (formerly TGI) and 
its affiliates requested that the application for exemption be 
withdrawn.
    Accordingly, the notice of proposed exemption is hereby withdrawn.

    Signed at Washington, DC, this 19th day of May 2003.
Ivan L. Strasfeld,
Director of Exemption Determinations, Employee Benefits Security 
Administration, Department of Labor.
[FR Doc. 03-12890 Filed 5-21-03; 8:45 am]
BILLING CODE 4510-29-P