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

Ref CPI and Index Ratios for August 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:                     August 2004
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) April 2004                  188.0
CPI-U (NSA) May 2004                    189.1
CPI-U (NSA) June 2004                   189.7

Month   Calendar Day    Year    Ref CPI       Index Ratio

August          1       2004    189.10000       1.19355
August          2       2004    189.11935       1.19367
August          3       2004    189.13871       1.19379
August          4       2004    189.15806       1.19391
August          5       2004    189.17742       1.19403
August          6       2004    189.19677       1.19416
August          7       2004    189.21613       1.19428
August          8       2004    189.23548       1.19440
August          9       2004    189.25484       1.19452
August          10      2004    189.27419       1.19465
August          11      2004    189.29355       1.19477
August          12      2004    189.31290       1.19489
August          13      2004    189.33226       1.19501
August          14      2004    189.35161       1.19513
August          15      2004    189.37097       1.19526
August          16      2004    189.39032       1.19538
August          17      2004    189.40968       1.19550
August          18      2004    189.42903       1.19562
August          19      2004    189.44839       1.19574
August          20      2004    189.46774       1.19587
August          21      2004    189.48710       1.19599
August          22      2004    189.50645       1.19611
August          23      2004    189.52581       1.19623
August          24      2004    189.54516       1.19636
August          25      2004    189.56452       1.19648
August          26      2004    189.58387       1.19660
August          27      2004    189.60323       1.19672
August          28      2004    189.62258       1.19684
August          29      2004    189.64194       1.19697
August          30      2004    189.66129       1.19709
August          31      2004    189.68065       1.19721