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

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

CPI-U (NSA) January 2004                185.2
CPI-U (NSA) February 2004               186.2
CPI-U (NSA) March 2004                  187.4

Month   Calendar Day    Year    Ref CPI       Index Ratio

May             1       2004    186.20000       1.15255
May             2       2004    186.23871       1.15279
May             3       2004    186.27742       1.15303
May             4       2004    186.31613       1.15327
May             5       2004    186.35484       1.15351
May             6       2004    186.39355       1.15375
May             7       2004    186.43226       1.15399
May             8       2004    186.47097       1.15423
May             9       2004    186.50968       1.15447
May             10      2004    186.54839       1.15471
May             11      2004    186.58710       1.15495
May             12      2004    186.62581       1.15519
May             13      2004    186.66452       1.15543
May             14      2004    186.70323       1.15566
May             15      2004    186.74194       1.15590
May             16      2004    186.78065       1.15614
May             17      2004    186.81935       1.15638
May             18      2004    186.85806       1.15662
May             19      2004    186.89677       1.15686
May             20      2004    186.93548       1.15710
May             21      2004    186.97419       1.15734
May             22      2004    187.01290       1.15758
May             23      2004    187.05161       1.15782
May             24      2004    187.09032       1.15806
May             25      2004    187.12903       1.15830
May             26      2004    187.16774       1.15854
May             27      2004    187.20645       1.15878
May             28      2004    187.24516       1.15902
May             29      2004    187.28387       1.15926
May             30      2004    187.32258       1.15950
May             31      2004    187.36129       1.15974