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3-3/8% TREASURY 10-YEAR INFLATION-INDEXED NOTES

Ref CPI and Index Ratios for May 1999

Contact: Office of Financing      202-504-3550

3-3/8% TREASURY 10-YEAR INFLATION-INDEXED NOTES
DESCRIPTION:                            Series A-2007
CUSIP NUMBER:                           9128272M3
DATED DATE:                             January 15, 1997
ORIGINAL ISSUE DATE:                    February 6, 1997
ADDITIONAL ISSUE DATE:                  April 15, 1997
MATURITY DATE:                          January 15, 2007
Ref CPI on DATED DATE:                  158.43548
TABLE FOR MONTH OF:                     May 1999
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) January 1999                164.3
CPI-U (NSA) February 1999               164.5
CPI-U (NSA) March 1999                  165.0

Month   Calendar Day    Year    Ref CPI       Index Ratio

May             1       1999    164.50000       1.03828
May             2       1999    164.51613       1.03838
May             3       1999    164.53226       1.03848
May             4       1999    164.54839       1.03858
May             5       1999    164.56452       1.03868
May             6       1999    164.58065       1.03879
May             7       1999    164.59677       1.03889
May             8       1999    164.61290       1.03899
May             9       1999    164.62903       1.03909
May             10      1999    164.64516       1.03919
May             11      1999    164.66129       1.03930
May             12      1999    164.67742       1.03940
May             13      1999    164.69355       1.03950
May             14      1999    164.70968       1.03960
May             15      1999    164.72581       1.03970
May             16      1999    164.74194       1.03980
May             17      1999    164.75806       1.03991
May             18      1999    164.77419       1.04001
May             19      1999    164.79032       1.04011
May             20      1999    164.80645       1.04021
May             21      1999    164.82258       1.04031
May             22      1999    164.83871       1.04042
May             23      1999    164.85484       1.04052
May             24      1999    164.87097       1.04062
May             25      1999    164.88710       1.04072
May             26      1999    164.90323       1.04082
May             27      1999    164.91935       1.04092
May             28      1999    164.93548       1.04103
May             29      1999    164.95161       1.04113
May             30      1999    164.96774       1.04123
May             31      1999    164.98387       1.04133