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

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

CPI-U (NSA) June 2003                   183.7
CPI-U (NSA) July 2003                   183.9
CPI-U (NSA) August 2003                 184.6

Month   Calendar Day    Year    Ref CPI       Index Ratio

October         1       2003    183.90000       1.16072
October         2       2003    183.92258       1.16087
October         3       2003    183.94516       1.16101
October         4       2003    183.96774       1.16115
October         5       2003    183.99032       1.16129
October         6       2003    184.01290       1.16144
October         7       2003    184.03548       1.16158
October         8       2003    184.05806       1.16172
October         9       2003    184.08065       1.16187
October         10      2003    184.10323       1.16201
October         11      2003    184.12581       1.16215
October         12      2003    184.14839       1.16229
October         13      2003    184.17097       1.16244
October         14      2003    184.19355       1.16258
October         15      2003    184.21613       1.16272
October         16      2003    184.23871       1.16286
October         17      2003    184.26129       1.16301
October         18      2003    184.28387       1.16315
October         19      2003    184.30645       1.16329
October         20      2003    184.32903       1.16343
October         21      2003    184.35161       1.16358
October         22      2003    184.37419       1.16372
October         23      2003    184.39677       1.16386
October         24      2003    184.41935       1.16400
October         25      2003    184.44194       1.16415
October         26      2003    184.46452       1.16429
October         27      2003    184.48710       1.16443
October         28      2003    184.50968       1.16457
October         29      2003    184.53226       1.16472
October         30      2003    184.55484       1.16486
October         31      2003    184.57742       1.16500