Filed pursuant to
                                                                  Rule 424(b)(2)
                                                       Registration No. 33-59791


                                    CITICORP
                               U.S. $7,000,000,000
                    Global Medium-Term Senior Notes, Series C
                               U.S. $1,000,000,000
                 Global Medium-Term Subordinated Notes, Series C
                Due From 9 Months to 60 Years From Date of Issue

Pricing Supplement, dated May 1, 1996
     (To Prospectus Supplement, dated August 7, 1995;
     to Prospectus, dated August 7, 1995)

                              DESCRIPTION OF NOTES

     The terms of the  Subordinated  Notes set forth in this Pricing  Supplement
supplement  and modify,  to the extent  applicable,  the  description of general
terms and provisions of Citicorp's Global Medium-Term Subordinated Notes, Series
C,  set  forth  in  the  accompanying   Prospectus  and  Prospectus  Supplement.
Capitalized  terms not defined  herein shall have the meanings  assigned to such
terms in the accompanying Prospectus and Prospectus Supplement.

SUMMARY OF TERMS:

Title of Notes:                  7.50% Subordinated Fixed-Rate Notes Due May 30,
                                 2011 (the "Notes").

Aggregate
Principal Amount:                $25,000,000.00.

Price to Public:                 100.00%

Issue Date:                      May 30, 1996.

Stated Maturity:                 May 30, 2011.

Interest Rate:                   7.50% per annum.

Interest Payment Dates:          Semi-annually  on the  30th day of each May and
                                 November,  commencing November 30, 1996, and at
                                 Stated Maturity.

Regular Record Dates:            The date that is 15 calender  days prior to the
                                 related Interest Payment Date.

Sinking Fund:                    None.

Redemption:                      The Notes are  subject to  redemption,  only in
                                 whole  but  not  in  part,  at  the  option  of
                                 Citicorp,  on not more  than 60 or less than 30
                                 days' notice,  on any Interest Payment Date, on
                                 or after May 30, 2001, at a redemption price of
                                 100% of their principal amount plus accrued and
                                 unpaid interest to the redemption date.

Selling Agent:                   Dean Witter Reynolds Inc.

Agent's Discount
 or Commission:                  2.00%.

Minimum Denomination:            $1,000.

CUSIP Number:                    17303 MFD 6.