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3-7/8% TREASURY 10-YEAR INFLATION-INDEXED NOTES

Ref CPI and Index Ratios for July 2003

Contact: Office of Financing      202-504-3550

DESCRIPTION:                            Series A-2009
CUSIP NUMBER:                           9128274Y5
DATED DATE:                             January 15, 1999
ORIGINAL ISSUE DATE:                    January 15, 1999
ADDITIONAL ISSUE DATE:                  July 15, 1999
MATURITY DATE:                          January 15, 2009
Ref CPI on DATED DATE:                  164.00000
TABLE FOR MONTH OF:                     July 2003
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) March 2003                  184.2
CPI-U (NSA) April 2003                  183.8
CPI-U (NSA) May 2003                    183.5

Month   Calendar Day    Year    Ref CPI       Index Ratio

July            1       2003    183.80000       1.12073
July            2       2003    183.79032       1.12067
July            3       2003    183.78065       1.12061
July            4       2003    183.77097       1.12055
July            5       2003    183.76129       1.12050
July            6       2003    183.75161       1.12044
July            7       2003    183.74194       1.12038
July            8       2003    183.73226       1.12032
July            9       2003    183.72258       1.12026
July            10      2003    183.71290       1.12020
July            11      2003    183.70323       1.12014
July            12      2003    183.69355       1.12008
July            13      2003    183.68387       1.12002
July            14      2003    183.67419       1.11996
July            15      2003    183.66452       1.11991
July            16      2003    183.65484       1.11985
July            17      2003    183.64516       1.11979
July            18      2003    183.63548       1.11973
July            19      2003    183.62581       1.11967
July            20      2003    183.61613       1.11961
July            21      2003    183.60645       1.11955
July            22      2003    183.59677       1.11949
July            23      2003    183.58710       1.11943
July            24      2003    183.57742       1.11937
July            25      2003    183.56774       1.11932
July            26      2003    183.55806       1.11926
July            27      2003    183.54839       1.11920
July            28      2003    183.53871       1.11914
July            29      2003    183.52903       1.11908
July            30      2003    183.51935       1.11902
July            31      2003    183.50968       1.11896