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

Ref CPI and Index Ratios for December 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:                     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       1.04338
December        2       2003    185.19355       1.04334
December        3       2003    185.18710       1.04331
December        4       2003    185.18065       1.04327
December        5       2003    185.17419       1.04323
December        6       2003    185.16774       1.04320
December        7       2003    185.16129       1.04316
December        8       2003    185.15484       1.04313
December        9       2003    185.14839       1.04309
December        10      2003    185.14194       1.04305
December        11      2003    185.13548       1.04302
December        12      2003    185.12903       1.04298
December        13      2003    185.12258       1.04294
December        14      2003    185.11613       1.04291
December        15      2003    185.10968       1.04287
December        16      2003    185.10323       1.04284
December        17      2003    185.09677       1.04280
December        18      2003    185.09032       1.04276
December        19      2003    185.08387       1.04273
December        20      2003    185.07742       1.04269
December        21      2003    185.07097       1.04265
December        22      2003    185.06452       1.04262
December        23      2003    185.05806       1.04258
December        24      2003    185.05161       1.04254
December        25      2003    185.04516       1.04251
December        26      2003    185.03871       1.04247
December        27      2003    185.03226       1.04244
December        28      2003    185.02581       1.04240
December        29      2003    185.01935       1.04236
December        30      2003    185.01290       1.04233
December        31      2003    185.00645       1.04229