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3-5/8% TREASURY 5-YEAR INFLATION-INDEXED NOTES

Ref CPI and Index Ratios for July 1999

Contact: Office of Financing       202-504-3550

DESCRIPTION:                           Series J-2002
CUSIP NUMBER:                          9128273A8
DATED DATE:                            July 15, 1997
ORIGINAL ISSUE DATE:                   July 15, 1997
ADDITIONAL ISSUE DATE:                 October 15, 1997
MATURITY DATE:                         July 15, 2002
Ref CPI on DATED DATE:                 160.15484
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       1.03775
July            2       1999    166.20000       1.03775
July            3       1999    166.20000       1.03775
July            4       1999    166.20000       1.03775
July            5       1999    166.20000       1.03775
July            6       1999    166.20000       1.03775
July            7       1999    166.20000       1.03775
July            8       1999    166.20000       1.03775
July            9       1999    166.20000       1.03775
July            10      1999    166.20000       1.03775
July            11      1999    166.20000       1.03775
July            12      1999    166.20000       1.03775
July            13      1999    166.20000       1.03775
July            14      1999    166.20000       1.03775
July            15      1999    166.20000       1.03775
July            16      1999    166.20000       1.03775
July            17      1999    166.20000       1.03775
July            18      1999    166.20000       1.03775
July            19      1999    166.20000       1.03775
July            20      1999    166.20000       1.03775
July            21      1999    166.20000       1.03775
July            22      1999    166.20000       1.03775
July            23      1999    166.20000       1.03775
July            24      1999    166.20000       1.03775
July            25      1999    166.20000       1.03775
July            26      1999    166.20000       1.03775
July            27      1999    166.20000       1.03775
July            28      1999    166.20000       1.03775
July            29      1999    166.20000       1.03775
July            30      1999    166.20000       1.03775
July            31      1999    166.20000       1.03775