American Stock Exchange News Release

Structured Products Release
Media Contact: Lynn Duffy
American Stock Exchange
212-306-1654/lynn.duffy@amex.com

AMERICAN STOCK EXCHANGE LISTS LASERS BASED ON THE NIKKEI 225 STOCK AVERAGE

New York, July 15, 2005 -  The American Stock Exchange (Amex) today began trading Citigroup Global Markets Holdings Index LASERS based on the value of the Nikkei 225 Stock Average. Trading under the ticker symbol ILY, the new securities were issued on June 16, 2004 at a price of $10, with a maturity date of June 19, 2008. The security has been trading over-the-counter until today.

The maturity payment on the Index LASERS will be based on the value of the Nikkei 225 Stock Average during the term of the Index LASERS.

The notes are issued by Citigroup Global Markets. The Amex specialist unit for the securities is Wolverine Trading.

If you would like to receive a copy of the prospectus for ILY, please contact the Capital Markets Group at the American Stock Exchange at (212) 306-1659.

About American Stock Exchange

The American Stock Exchange® (Amex®) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 138 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks.