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

Ref CPI and Index Ratios for June 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:                    June 2003
NUMBER OF DAYS IN MONTH:               30

CPI-U (NSA) February 2003              183.1
CPI-U (NSA) March 2003                 184.2
CPI-U (NSA) April 2003                 183.8

Month   Calendar Day    Year    Ref CPI       Index Ratio

June            1       2003    184.20000       1.16262
June            2       2003    184.18667       1.16253
June            3       2003    184.17333       1.16245
June            4       2003    184.16000       1.16237
June            5       2003    184.14667       1.16228
June            6       2003    184.13333       1.16220
June            7       2003    184.12000       1.16211
June            8       2003    184.10667       1.16203
June            9       2003    184.09333       1.16195
June            10      2003    184.08000       1.16186
June            11      2003    184.06667       1.16178
June            12      2003    184.05333       1.16169
June            13      2003    184.04000       1.16161
June            14      2003    184.02667       1.16152
June            15      2003    184.01333       1.16144
June            16      2003    184.00000       1.16136
June            17      2003    183.98667       1.16127
June            18      2003    183.97333       1.16119
June            19      2003    183.96000       1.16110
June            20      2003    183.94667       1.16102
June            21      2003    183.93333       1.16094
June            22      2003    183.92000       1.16085
June            23      2003    183.90667       1.16077
June            24      2003    183.89333       1.16068
June            25      2003    183.88000       1.16060
June            26      2003    183.86667       1.16051
June            27      2003    183.85333       1.16043
June            28      2003    183.84000       1.16035
June            29      2003    183.82667       1.16026
June            30      2003    183.81333       1.16018