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4-1/4% TREASURY 10-YEAR INFLATION-INDEXED NOTES

Ref CPI and Index Ratios for July 2003

Contact: Office of Financing      202-504-3550

DESCRIPTION:                            Series A-2010
CUSIP NUMBER:                           9128275W8
DATED DATE:                             January 15, 2000
ORIGINAL ISSUE DATE:                    January 18, 2000
ADDITIONAL ISSUE DATE:                  July 17, 2000
MATURITY DATE:                          January 15, 2010
Ref CPI on DATED DATE:                  168.24516
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       1.09245
July            2       2003    183.79032       1.09240
July            3       2003    183.78065       1.09234
July            4       2003    183.77097       1.09228
July            5       2003    183.76129       1.09222
July            6       2003    183.75161       1.09217
July            7       2003    183.74194       1.09211
July            8       2003    183.73226       1.09205
July            9       2003    183.72258       1.09199
July            10      2003    183.71290       1.09194
July            11      2003    183.70323       1.09188
July            12      2003    183.69355       1.09182
July            13      2003    183.68387       1.09176
July            14      2003    183.67419       1.09171
July            15      2003    183.66452       1.09165
July            16      2003    183.65484       1.09159
July            17      2003    183.64516       1.09153
July            18      2003    183.63548       1.09148
July            19      2003    183.62581       1.09142
July            20      2003    183.61613       1.09136
July            21      2003    183.60645       1.09130
July            22      2003    183.59677       1.09125
July            23      2003    183.58710       1.09119
July            24      2003    183.57742       1.09113
July            25      2003    183.56774       1.09107
July            26      2003    183.55806       1.09102
July            27      2003    183.54839       1.09096
July            28      2003    183.53871       1.09090
July            29      2003    183.52903       1.09084
July            30      2003    183.51935       1.09079
July            31      2003    183.50968       1.09073