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3-7/8% TREASURY 30-YEAR INFLATION-INDEXED BONDS

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

CPI-U (NSA) March 2003                  184.2
CPI-U (NSA) April 2003                  183.8
CPI-U (NSA) May 2003                    183.5

Month   Calendar Day    Year    Ref CPI       Index Ratio

July            1       2003    183.80000       1.11805
July            2       2003    183.79032       1.11799
July            3       2003    183.78065       1.11793
July            4       2003    183.77097       1.11787
July            5       2003    183.76129       1.11781
July            6       2003    183.75161       1.11776
July            7       2003    183.74194       1.11770
July            8       2003    183.73226       1.11764
July            9       2003    183.72258       1.11758
July            10      2003    183.71290       1.11752
July            11      2003    183.70323       1.11746
July            12      2003    183.69355       1.11740
July            13      2003    183.68387       1.11734
July            14      2003    183.67419       1.11728
July            15      2003    183.66452       1.11723
July            16      2003    183.65484       1.11717
July            17      2003    183.64516       1.11711
July            18      2003    183.63548       1.11705
July            19      2003    183.62581       1.11699
July            20      2003    183.61613       1.11693
July            21      2003    183.60645       1.11687
July            22      2003    183.59677       1.11681
July            23      2003    183.58710       1.11676
July            24      2003    183.57742       1.11670
July            25      2003    183.56774       1.11664
July            26      2003    183.55806       1.11658
July            27      2003    183.54839       1.11652
July            28      2003    183.53871       1.11646
July            29      2003    183.52903       1.11640
July            30      2003    183.51935       1.11634
July            31      2003    183.50968       1.11628