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3% TREASURY 10-YEAR INFLATION-INDEXED NOTES

Ref CPI and Index Ratios for December 2003

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            Series C-2012
CUSIP NUMBER:                           912828AF7
DATED DATE:                             July 15, 2002
ORIGINAL ISSUE DATE:                    July 15, 2002
ADDITIONAL ISSUE DATES:                 October 15, 2002
                                        January 15, 2003
MATURITY DATE:                          July 15, 2012
Ref CPI on DATED DATE:                  179.80000
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       1.03003
December        2       2003    185.19355       1.03000
December        3       2003    185.18710       1.02996
December        4       2003    185.18065       1.02993
December        5       2003    185.17419       1.02989
December        6       2003    185.16774       1.02985
December        7       2003    185.16129       1.02982
December        8       2003    185.15484       1.02978
December        9       2003    185.14839       1.02975
December        10      2003    185.14194       1.02971
December        11      2003    185.13548       1.02967
December        12      2003    185.12903       1.02964
December        13      2003    185.12258       1.02960
December        14      2003    185.11613       1.02957
December        15      2003    185.10968       1.02953
December        16      2003    185.10323       1.02950
December        17      2003    185.09677       1.02946
December        18      2003    185.09032       1.02942
December        19      2003    185.08387       1.02939
December        20      2003    185.07742       1.02935
December        21      2003    185.07097       1.02932
December        22      2003    185.06452       1.02928
December        23      2003    185.05806       1.02924
December        24      2003    185.05161       1.02921
December        25      2003    185.04516       1.02917
December        26      2003    185.03871       1.02914
December        27      2003    185.03226       1.02910
December        28      2003    185.02581       1.02906
December        29      2003    185.01935       1.02903
December        30      2003    185.01290       1.02899
December        31      2003    185.00645       1.02896