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3-3/8% TREASURY 30-1/2-YEAR INFLATION-INDEXED BONDS

Ref CPI and Index Ratios for November 2003

Contact: Office of Financing       202-504-3550
DESCRIPTION:                           Bonds of April 2032
CUSIP NUMBER:                          912810FQ6
DATED DATE:                            October 15, 2001
ORIGINAL ISSUE DATE:                   October 15, 2001
ADDITIONAL ISSUE DATE:
MATURITY DATE:                         April 15, 2032
Ref CPI on DATED DATE:                 177.50000
TABLE FOR MONTH OF:                    November 2003
NUMBER OF DAYS IN MONTH:               30

CPI-U (NSA) July 2003                  183.9
CPI-U (NSA) August 2003                184.6
CPI-U (NSA) September 2003             185.2

Month   Calendar Day    Year    Ref CPI       Index Ratio

November        1       2003    184.60000       1.04000
November        2       2003    184.62000       1.04011
November        3       2003    184.64000       1.04023
November        4       2003    184.66000       1.04034
November        5       2003    184.68000       1.04045
November        6       2003    184.70000       1.04056
November        7       2003    184.72000       1.04068
November        8       2003    184.74000       1.04079
November        9       2003    184.76000       1.04090
November        10      2003    184.78000       1.04101
November        11      2003    184.80000       1.04113
November        12      2003    184.82000       1.04124
November        13      2003    184.84000       1.04135
November        14      2003    184.86000       1.04146
November        15      2003    184.88000       1.04158
November        16      2003    184.90000       1.04169
November        17      2003    184.92000       1.04180
November        18      2003    184.94000       1.04192
November        19      2003    184.96000       1.04203
November        20      2003    184.98000       1.04214
November        21      2003    185.00000       1.04225
November        22      2003    185.02000       1.04237
November        23      2003    185.04000       1.04248
November        24      2003    185.06000       1.04259
November        25      2003    185.08000       1.04270
November        26      2003    185.10000       1.04282
November        27      2003    185.12000       1.04293
November        28      2003    185.14000       1.04304
November        29      2003    185.16000       1.04315
November        30      2003    185.18000       1.04327