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3-5/8% TREASURY 30-YEAR INFLATION-INDEXED BONDS

Ref CPI and Index Ratios for May 2003

Contact: Office of Financing       202-504-3550

DESCRIPTION:                            Bonds of April 2028
CUSIP NUMBER:                           912810FD5
DATED DATE:                             April 15, 1998
ORIGINAL ISSUE DATE:                    April 15, 1998
ADDITIONAL ISSUE DATE:                  July 15, 1998
MATURITY DATE:                          April 15, 2028
Ref CPI on DATED DATE:                  161.74000
TABLE FOR MONTH OF:                     May 2003
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) January 2003                181.7
CPI-U (NSA) February 2003               183.1
CPI-U (NSA) March 2003                  184.2

Month   Calendar Day    Year    Ref CPI       Index Ratio

May             1       2003    183.10000       1.13206
May             2       2003    183.13548       1.13228
May             3       2003    183.17097       1.13250
May             4       2003    183.20645       1.13272
May             5       2003    183.24194       1.13294
May             6       2003    183.27742       1.13316
May             7       2003    183.31290       1.13338
May             8       2003    183.34839       1.13360
May             9       2003    183.38387       1.13382
May             10      2003    183.41935       1.13404
May             11      2003    183.45484       1.13426
May             12      2003    183.49032       1.13448
May             13      2003    183.52581       1.13470
May             14      2003    183.56129       1.13492
May             15      2003    183.59677       1.13514
May             16      2003    183.63226       1.13535
May             17      2003    183.66774       1.13557
May             18      2003    183.70323       1.13579
May             19      2003    183.73871       1.13601
May             20      2003    183.77419       1.13623
May             21      2003    183.80968       1.13645
May             22      2003    183.84516       1.13667
May             23      2003    183.88065       1.13689
May             24      2003    183.91613       1.13711
May             25      2003    183.95161       1.13733
May             26      2003    183.98710       1.13755
May             27      2003    184.02258       1.13777
May             28      2003    184.05806       1.13799
May             29      2003    184.09355       1.13821
May             30      2003    184.12903       1.13843
May             31      2003    184.16452       1.13865