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

Ref CPI and Index Ratios for November 2003

Contact: Office of Financing      202-504-3550
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:                     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       1.06064
November        2       2003    184.62000       1.06076
November        3       2003    184.64000       1.06087
November        4       2003    184.66000       1.06099
November        5       2003    184.68000       1.06110
November        6       2003    184.70000       1.06122
November        7       2003    184.72000       1.06133
November        8       2003    184.74000       1.06145
November        9       2003    184.76000       1.06156
November        10      2003    184.78000       1.06168
November        11      2003    184.80000       1.06179
November        12      2003    184.82000       1.06191
November        13      2003    184.84000       1.06202
November        14      2003    184.86000       1.06214
November        15      2003    184.88000       1.06225
November        16      2003    184.90000       1.06237
November        17      2003    184.92000       1.06248
November        18      2003    184.94000       1.06260
November        19      2003    184.96000       1.06271
November        20      2003    184.98000       1.06283
November        21      2003    185.00000       1.06294
November        22      2003    185.02000       1.06306
November        23      2003    185.04000       1.06317
November        24      2003    185.06000       1.06329
November        25      2003    185.08000       1.06340
November        26      2003    185.10000       1.06352
November        27      2003    185.12000       1.06363
November        28      2003    185.14000       1.06375
November        29      2003    185.16000       1.06386
November        30      2003    185.18000       1.06398