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

Ref CPI and Index Ratios for July 1999

Contact: Office of Financing      202-504-3550

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:                    July 1999
NUMBER OF DAYS IN MONTH:               31

CPI-U (NSA) March 1999                          165.0
CPI-U (NSA) April 1999                          166.2
CPI-U (NSA) May 1999                            166.2


Month   Calendar Day    Year    Ref CPI       Index Ratio

July            1       1999    166.20000       1.04901
July            2       1999    166.20000       1.04901
July            3       1999    166.20000       1.04901
July            4       1999    166.20000       1.04901
July            5       1999    166.20000       1.04901
July            6       1999    166.20000       1.04901
July            7       1999    166.20000       1.04901
July            8       1999    166.20000       1.04901
July            9       1999    166.20000       1.04901
July            10      1999    166.20000       1.04901
July            11      1999    166.20000       1.04901
July            12      1999    166.20000       1.04901
July            13      1999    166.20000       1.04901
July            14      1999    166.20000       1.04901
July            15      1999    166.20000       1.04901
July            16      1999    166.20000       1.04901
July            17      1999    166.20000       1.04901
July            18      1999    166.20000       1.04901
July            19      1999    166.20000       1.04901
July            20      1999    166.20000       1.04901
July            21      1999    166.20000       1.04901
July            22      1999    166.20000       1.04901
July            23      1999    166.20000       1.04901
July            24      1999    166.20000       1.04901
July            25      1999    166.20000       1.04901
July            26      1999    166.20000       1.04901
July            27      1999    166.20000       1.04901
July            28      1999    166.20000       1.04901
July            29      1999    166.20000       1.04901
July            30      1999    166.20000       1.04901
July            31      1999    166.20000       1.04901