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3-7/8% 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 2029
CUSIP NUMBER:                           912810FH6
DATED DATE:                             April 15, 1999
ORIGINAL ISSUE DATE:                    April 15, 1999
ADDITIONAL ISSUE DATE:                  October 15, 1999
                                        October 16, 2000
MATURITY DATE:                          April 15, 2029
Ref CPI on DATED DATE:                  164.39333
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       1.11379
May             2       2003    183.13548       1.11401
May             3       2003    183.17097       1.11422
May             4       2003    183.20645       1.11444
May             5       2003    183.24194       1.11466
May             6       2003    183.27742       1.11487
May             7       2003    183.31290       1.11509
May             8       2003    183.34839       1.11530
May             9       2003    183.38387       1.11552
May             10      2003    183.41935       1.11573
May             11      2003    183.45484       1.11595
May             12      2003    183.49032       1.11617
May             13      2003    183.52581       1.11638
May             14      2003    183.56129       1.11660
May             15      2003    183.59677       1.11681
May             16      2003    183.63226       1.11703
May             17      2003    183.66774       1.11725
May             18      2003    183.70323       1.11746
May             19      2003    183.73871       1.11768
May             20      2003    183.77419       1.11789
May             21      2003    183.80968       1.11811
May             22      2003    183.84516       1.11832
May             23      2003    183.88065       1.11854
May             24      2003    183.91613       1.11876
May             25      2003    183.95161       1.11897
May             26      2003    183.98710       1.11919
May             27      2003    184.02258       1.11940
May             28      2003    184.05806       1.11962
May             29      2003    184.09355       1.11984
May             30      2003    184.12903       1.12005
May             31      2003    184.16452       1.12027