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

Ref CPI and Index Ratios for March 2003

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:                     March 2003
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) November 2002               181.3
CPI-U (NSA) December 2002               180.9
CPI-U (NSA) January 2003                181.7

Month   Calendar Day    Year    Ref CPI       Index Ratio

March           1       2003    180.90000       1.14179
March           2       2003    180.92581       1.14195
March           3       2003    180.95161       1.14212
March           4       2003    180.97742       1.14228
March           5       2003    181.00323       1.14244
March           6       2003    181.02903       1.14260
March           7       2003    181.05484       1.14277
March           8       2003    181.08065       1.14293
March           9       2003    181.10645       1.14309
March           10      2003    181.13226       1.14326
March           11      2003    181.15806       1.14342
March           12      2003    181.18387       1.14358
March           13      2003    181.20968       1.14374
March           14      2003    181.23548       1.14391
March           15      2003    181.26129       1.14407
March           16      2003    181.28710       1.14423
March           17      2003    181.31290       1.14440
March           18      2003    181.33871       1.14456
March           19      2003    181.36452       1.14472
March           20      2003    181.39032       1.14488
March           21      2003    181.41613       1.14505
March           22      2003    181.44194       1.14521
March           23      2003    181.46774       1.14537
March           24      2003    181.49355       1.14554
March           25      2003    181.51935       1.14570
March           26      2003    181.54516       1.14586
March           27      2003    181.57097       1.14602
March           28      2003    181.59677       1.14619
March           29      2003    181.62258       1.14635
March           30      2003    181.64839       1.14651
March           31      2003    181.67419       1.14668