Citigroup Global Markets Reset Option Certificates II-R Trust Series 294, relating to Massachusetts Health and Educational Facilities Authority revenue bonds, Harvard University issue series DD, are rated 'AAA/A-1+'. The long-term component of the rating is based on the underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citibank N.A. until Aug. 25, 2005. Citigroup Global Markets Reset Option Longs II-R Trust Series 294, relating to Massachusetts Health and Educational Facilities Authority revenue bonds, Harvard University issue series DD, are rated 'AAA'. The rating is based on the underlying bonds.