Filed pursuant to
                                                                  Rule 424(b)(5)
                                                      Registration No. 333-20803

                                    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

Supplement, dated June 16,  1997 to Pricing  Supplement  dated June 11, 1997
     (To Prospectus Supplement, dated May 21, 1997;
     to Prospectus, dated May 21, 1997)

                              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:               7.28% Subordinated Notes Due July 15, 2012 (the
                              "Notes").

Aggregate
Principal Amount:             $15,000,000.00.

Price to Public:              100.00%

Issue Date:                   June 25, 1997.

Stated Maturity:              July 15, 2012.

Interest Rate:                7.28% per annum.

Interest Payment Dates:       Monthly on the 15th day of each month, commencing
                              in July 1997, and at Stated Maturity.

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

Sinking Fund:                 None.

Redemption:                   The Notes are subject to redemption, 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 occurring in January or
                              July, on or after July 15, 2000, at a redemption
                              price of 100% of their principal amount plus
                              accrued and unpaid interest to the redemption
                              date.

Selling Agent:                Goldman, Sachs & Co.

Agent's Discount
  or Commission:              2.250%.

Minimum Denomination:         $1,000.

CUSIP Number:                 17303 MGU 7.