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3-1/2% TREASURY 10-YEAR INFLATION-INDEXED NOTES

Ref CPI and Index Ratios for January 2003

Contact: Office of Financing      202-504-3550

Ref CPI and Index Ratios for January 2003:
3-1/2% TREASURY 10-YEAR INFLATION-INDEXED NOTES
DESCRIPTION:                            Series A-2011
CUSIP NUMBER:                           9128276R8
DATED DATE:                             January 15, 2001
ORIGINAL ISSUE DATE:                    January 16, 2001
ADDITIONAL ISSUE DATE:                  July 16, 2001
MATURITY DATE:                          January 15, 2011
Ref CPI on DATED DATE:                  174.04516
TABLE FOR MONTH OF:                     January 2003
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) September 2002              181.0
CPI-U (NSA) October 2002                181.3
CPI-U (NSA) November 2002               181.3

Month   Calendar Day    Year    Ref CPI       Index Ratio

January         1       2003    181.30000       1.04168
January         2       2003    181.30000       1.04168
January         3       2003    181.30000       1.04168
January         4       2003    181.30000       1.04168
January         5       2003    181.30000       1.04168
January         6       2003    181.30000       1.04168
January         7       2003    181.30000       1.04168
January         8       2003    181.30000       1.04168
January         9       2003    181.30000       1.04168
January         10      2003    181.30000       1.04168
January         11      2003    181.30000       1.04168
January         12      2003    181.30000       1.04168
January         13      2003    181.30000       1.04168
January         14      2003    181.30000       1.04168
January         15      2003    181.30000       1.04168
January         16      2003    181.30000       1.04168
January         17      2003    181.30000       1.04168
January         18      2003    181.30000       1.04168
January         19      2003    181.30000       1.04168
January         20      2003    181.30000       1.04168
January         21      2003    181.30000       1.04168
January         22      2003    181.30000       1.04168
January         23      2003    181.30000       1.04168
January         24      2003    181.30000       1.04168
January         25      2003    181.30000       1.04168
January         26      2003    181.30000       1.04168
January         27      2003    181.30000       1.04168
January         28      2003    181.30000       1.04168
January         29      2003    181.30000       1.04168
January         30      2003    181.30000       1.04168
January         31      2003    181.30000       1.04168