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

Ref CPI and Index Ratios for August 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:                     August 2003
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) April 2003                  183.8
CPI-U (NSA) May 2003                    183.5
CPI-U (NSA) June 2003                   183.7

Month   Calendar Day    Year     Ref CPI      Index Ratio

August          1       2003    183.50000       1.15820
August          2       2003    183.50645       1.15824
August          3       2003    183.51290       1.15828
August          4       2003    183.51935       1.15832
August          5       2003    183.52581       1.15836
August          6       2003    183.53226       1.15840
August          7       2003    183.53871       1.15844
August          8       2003    183.54516       1.15849
August          9       2003    183.55161       1.15853
August          10      2003    183.55806       1.15857
August          11      2003    183.56452       1.15861
August          12      2003    183.57097       1.15865
August          13      2003    183.57742       1.15869
August          14      2003    183.58387       1.15873
August          15      2003    183.59032       1.15877
August          16      2003    183.59677       1.15881
August          17      2003    183.60323       1.15885
August          18      2003    183.60968       1.15889
August          19      2003    183.61613       1.15893
August          20      2003    183.62258       1.15897
August          21      2003    183.62903       1.15901
August          22      2003    183.63548       1.15906
August          23      2003    183.64194       1.15910
August          24      2003    183.64839       1.15914
August          25      2003    183.65484       1.15918
August          26      2003    183.66129       1.15922
August          27      2003    183.66774       1.15926
August          28      2003    183.67419       1.15930
August          29      2003    183.68065       1.15934
August          30      2003    183.68710       1.15938
August          31      2003    183.69355       1.15942