It earned $209.5 million in fees during the period, down sharply from $296.5 million in the first three months of 1997.
The opportunity cost of college also includes the salary or wage that otherwise could be earning during the period.
This compares with a 23 percent increase in total offshore profits earned by American multinationals during the same period.
Those earnings per share represent a sharp drop from the 13 cents the company earned during the period a year earlier.
Excluding that charge, Citicorp said it earned $975 million during the period, up 11 percent from a year earlier.
He also earned 14 caps for Argentina, scoring 7 goals, during the period from 1970 to 1972.
He estimated that he and his partner earned about $5 million in drug profits during the 18-month period they purportedly worked for Lehder.
P.& G. earned $424 million, or $1.16 a share, during the comparable period a year ago.
Wall Street analysts had said they expected the company to earn $1.07 a share during the period.
The company earned 6.3 billion yen ($49.1 million) during the period even though sales slowed 2.8 percent.