Edgar Filing: CITIGROUP GLOBAL MARKETS INC

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â CITIGROUP INC

2. Date of Event Requiring Statement (Month/Day/Year)
10/02/2008

3. Issuer Name and Ticker or Trading Symbol
CONSUMER PORTFOLIO SERVICES INC [CPSS]

(Last)

(First)

(Middle)

399 PARK AVENUE,Â 3RD FLOOR

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
See footnote 1 below

5. If Amendment, Date Original Filed(Month/Day/Year)
07/10/2008

(Street)

NEW YORK,Â NYÂ 10043

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	9,335 ⁽¹⁾	I	By Subsidiary ⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant	07/10/2008	07/10/2018	Common Shares	2,500,000 ⁽²⁾	$ 0 ⁽³⁾	I	By Subsidiary ⁽²⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CITIGROUP INC 399 PARK AVENUE 3RD FLOOR NEW YORK,Â NYÂ 10043	Â	Â	Â	See footnote 1 below
CITIGROUP GLOBAL MARKETS HOLDINGS INC 388 GREENWICH STREET NEW YORK,Â NYÂ 10013	Â	Â	Â	See footnote 1 below
CITIGROUP FINANCIAL PRODUCTS INC 388 GREENWICH STREET NEW YORK,Â NYÂ 10013	Â	Â	Â	See footnote 1 below
CITIGROUP GLOBAL MARKETS INC 388 GREENWICH STREET NEW YORK,Â NYÂ 10013	Â	Â	Â	See footnote 1 below

Signatures

Citigroup Inc., By: /s/ Riqueza V. Feaster, Assistant Secretary		10/10/2008
^**Signature of Reporting Person		Date
Citigroup Global Markets Holdings Inc., By: /s/ Riqueza V. Feaster, Assistant Secretary		10/10/2008
^**Signature of Reporting Person		Date
Citigroup Finanicial Products Inc., By: /s/ Riqueza V. Feaster, Assistant Secretary		10/10/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The Common Shares ("Common") reported in Table I represents 9,335 Common beneficially owned by Citigroup Financial Products Inc. ("CFP"). Citigroup Global Markets Holdings Inc. ("CGMHI") is the sole stockholder of CFP. Citigroup Inc. ("Citigroup") is the sole stockholder of CGMHI.
(2)	The Warrant shares ("Warrants") reported in Table II represent 2,500,000 Warrants beneficially owned by CFP. CGMHI is the sole stockholder of CFP. Citigroup is the sole stockholder of CGMHI.
(3)	The actual exercise price of the Warrants is 0.00001 per share.
Â Remarks: ThisÂ amendmentÂ isÂ beingÂ filedÂ solelyÂ toÂ indicateÂ theÂ securitiesÂ reportedÂ inÂ TableÂ IÂ areÂ directlyÂ beneficiallyÂ ownedÂ byÂ CitigroupÂ FinancialÂ ProductsÂ Inc.,Â notÂ byÂ CitigroupÂ GlobalÂ MarketsÂ Inc.Â Â ThisÂ changeÂ occurredÂ onÂ OctoberÂ 2,Â 2008.

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