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

Ref CPI and Index Ratios for December 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:                     December 2003
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) August 2003                 184.6
CPI-U (NSA) September 2003              185.2
CPI-U (NSA) October 2003                185.0

Month   Calendar Day    Year    Ref CPI       Index Ratio

December        1       2003    185.20000       1.06409
December        2       2003    185.19355       1.06405
December        3       2003    185.18710       1.06402
December        4       2003    185.18065       1.06398
December        5       2003    185.17419       1.06394
December        6       2003    185.16774       1.06391
December        7       2003    185.16129       1.06387
December        8       2003    185.15484       1.06383
December        9       2003    185.14839       1.06380
December        10      2003    185.14194       1.06376
December        11      2003    185.13548       1.06372
December        12      2003    185.12903       1.06368
December        13      2003    185.12258       1.06365
December        14      2003    185.11613       1.06361
December        15      2003    185.10968       1.06357
December        16      2003    185.10323       1.06354
December        17      2003    185.09677       1.06350
December        18      2003    185.09032       1.06346
December        19      2003    185.08387       1.06342
December        20      2003    185.07742       1.06339
December        21      2003    185.07097       1.06335
December        22      2003    185.06452       1.06331
December        23      2003    185.05806       1.06328
December        24      2003    185.05161       1.06324
December        25      2003    185.04516       1.06320
December        26      2003    185.03871       1.06316
December        27      2003    185.03226       1.06313
December        28      2003    185.02581       1.06309
December        29      2003    185.01935       1.06305
December        30      2003    185.01290       1.06302
December        31      2003    185.00645       1.06298