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3-3/8% TREASURY 10-YEAR INFLATION-INDEXED NOTES

Ref CPI and Index Ratios for June 2004

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            Series A-2007
CUSIP NUMBER:                           9128272M3
DATED DATE:                             January 15, 1997
ORIGINAL ISSUE DATE:                    February 6, 1997
ADDITIONAL ISSUE DATE:                  April 15, 1997
MATURITY DATE:                          January 15, 2007
Ref CPI on DATED DATE:                  158.43548
TABLE FOR MONTH OF:                     June 2004
NUMBER OF DAYS IN MONTH:                30

CPI-U (NSA) February 2004               186.2
CPI-U (NSA) March 2004                  187.4
CPI-U (NSA) April 2004                  188.0

Month   Calendar Day    Year    Ref CPI       Index Ratio

June            1       2004    187.40000       1.18282
June            2       2004    187.42000       1.18294
June            3       2004    187.44000       1.18307
June            4       2004    187.46000       1.18319
June            5       2004    187.48000       1.18332
June            6       2004    187.50000       1.18345
June            7       2004    187.52000       1.18357
June            8       2004    187.54000       1.18370
June            9       2004    187.56000       1.18383
June            10      2004    187.58000       1.18395
June            11      2004    187.60000       1.18408
June            12      2004    187.62000       1.18420
June            13      2004    187.64000       1.18433
June            14      2004    187.66000       1.18446
June            15      2004    187.68000       1.18458
June            16      2004    187.70000       1.18471
June            17      2004    187.72000       1.18484
June            18      2004    187.74000       1.18496
June            19      2004    187.76000       1.18509
June            20      2004    187.78000       1.18521
June            21      2004    187.80000       1.18534
June            22      2004    187.82000       1.18547
June            23      2004    187.84000       1.18559
June            24      2004    187.86000       1.18572
June            25      2004    187.88000       1.18585
June            26      2004    187.90000       1.18597
June            27      2004    187.92000       1.18610
June            28      2004    187.94000       1.18622
June            29      2004    187.96000       1.18635
June            30      2004    187.98000       1.18648