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

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

CPI-U (NSA) July 2003                   183.9
CPI-U (NSA) August 2003                 184.6
CPI-U (NSA) September 2003              185.2

Month   Calendar Day    Year    Ref CPI       Index Ratio

November        1       2003    184.60000       1.16514
November        2       2003    184.62000       1.16527
November        3       2003    184.64000       1.16540
November        4       2003    184.66000       1.16552
November        5       2003    184.68000       1.16565
November        6       2003    184.70000       1.16577
November        7       2003    184.72000       1.16590
November        8       2003    184.74000       1.16603
November        9       2003    184.76000       1.16615
November        10      2003    184.78000       1.16628
November        11      2003    184.80000       1.16641
November        12      2003    184.82000       1.16653
November        13      2003    184.84000       1.16666
November        14      2003    184.86000       1.16678
November        15      2003    184.88000       1.16691
November        16      2003    184.90000       1.16704
November        17      2003    184.92000       1.16716
November        18      2003    184.94000       1.16729
November        19      2003    184.96000       1.16742
November        20      2003    184.98000       1.16754
November        21      2003    185.00000       1.16767
November        22      2003    185.02000       1.16779
November        23      2003    185.04000       1.16792
November        24      2003    185.06000       1.16805
November        25      2003    185.08000       1.16817
November        26      2003    185.10000       1.16830
November        27      2003    185.12000       1.16843
November        28      2003    185.14000       1.16855
November        29      2003    185.16000       1.16868
November        30      2003    185.18000       1.16880