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3-5/8% TREASURY 10-YEAR INFLATION-INDEXED NOTES

Ref CPI and Index Ratios for January 2004

Contact: Office of Financing      202-504-3550
DESCRIPTION:                            Series A-2008
CUSIP NUMBER:                           9128273T7
DATED DATE:                             January 15, 1998
ORIGINAL ISSUE DATE:                    January 15, 1998
ADDITIONAL ISSUE DATE:                  October 15, 1998
MATURITY DATE:                          January 15, 2008
Ref CPI on DATED DATE:                  161.55484
TABLE FOR MONTH OF:                     January 2004
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) September 2003              185.2
CPI-U (NSA) October 2003                185.0
CPI-U (NSA) November 2003               184.5

Month   Calendar Day    Year    Ref CPI       Index Ratio

January         1       2004    185.00000       1.14512
January         2       2004    184.98387       1.14502
January         3       2004    184.96774       1.14492
January         4       2004    184.95161       1.14482
January         5       2004    184.93548       1.14472
January         6       2004    184.91935       1.14462
January         7       2004    184.90323       1.14452
January         8       2004    184.88710       1.14442
January         9       2004    184.87097       1.14432
January         10      2004    184.85484       1.14422
January         11      2004    184.83871       1.14412
January         12      2004    184.82258       1.14402
January         13      2004    184.80645       1.14392
January         14      2004    184.79032       1.14382
January         15      2004    184.77419       1.14372
January         16      2004    184.75806       1.14362
January         17      2004    184.74194       1.14352
January         18      2004    184.72581       1.14342
January         19      2004    184.70968       1.14332
January         20      2004    184.69355       1.14323
January         21      2004    184.67742       1.14313
January         22      2004    184.66129       1.14303
January         23      2004    184.64516       1.14293
January         24      2004    184.62903       1.14283
January         25      2004    184.61290       1.14273
January         26      2004    184.59677       1.14263
January         27      2004    184.58065       1.14253
January         28      2004    184.56452       1.14243
January         29      2004    184.54839       1.14233
January         30      2004    184.53226       1.14223
January         31      2004    184.51613       1.14213