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

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

CPI-U (NSA) May 2003                    183.5
CPI-U (NSA) June 2003                   183.7
CPI-U (NSA) July 2003                   183.9

Month   Calendar Day    Year     Ref CPI      Index Ratio

September       1       2003    183.70000       1.15946
September       2       2003    183.70667       1.15950
September       3       2003    183.71333       1.15955
September       4       2003    183.72000       1.15959
September       5       2003    183.72667       1.15963
September       6       2003    183.73333       1.15967
September       7       2003    183.74000       1.15971
September       8       2003    183.74667       1.15976
September       9       2003    183.75333       1.15980
September       10      2003    183.76000       1.15984
September       11      2003    183.76667       1.15988
September       12      2003    183.77333       1.15993
September       13      2003    183.78000       1.15997
September       14      2003    183.78667       1.16001
September       15      2003    183.79333       1.16005
September       16      2003    183.80000       1.16009
September       17      2003    183.80667       1.16014
September       18      2003    183.81333       1.16018
September       19      2003    183.82000       1.16022
September       20      2003    183.82667       1.16026
September       21      2003    183.83333       1.16030
September       22      2003    183.84000       1.16035
September       23      2003    183.84667       1.16039
September       24      2003    183.85333       1.16043
September       25      2003    183.86000       1.16047
September       26      2003    183.86667       1.16051
September       27      2003    183.87333       1.16056
September       28      2003    183.88000       1.16060
September       29      2003    183.88667       1.16064
September       30      2003    183.89333       1.16068