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3-5/8% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS)

Ref CPI and Index Ratios for November 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
N/A
MATURITY DATE:                          January 15, 2008
Ref CPI on DATED DATE:                  161.55484
TABLE FOR MONTH OF:                     November 2004
NUMBER OF DAYS IN MONTH:                30

CPI-U (NSA) July 2004                   189.4
CPI-U (NSA) August 2004                 189.5
CPI-U (NSA) September 2004              189.9

Month   Calendar Day    Year    Ref CPI       Index Ratio

November        1       2004    189.50000       1.17298
November        2       2004    189.51333       1.17306
November        3       2004    189.52667       1.17314
November        4       2004    189.54000       1.17322
November        5       2004    189.55333       1.17331
November        6       2004    189.56667       1.17339
November        7       2004    189.58000       1.17347
November        8       2004    189.59333       1.17355
November        9       2004    189.60667       1.17364
November        10      2004    189.62000       1.17372
November        11      2004    189.63333       1.17380
November        12      2004    189.64667       1.17388
November        13      2004    189.66000       1.17397
November        14      2004    189.67333       1.17405
November        15      2004    189.68667       1.17413
November        16      2004    189.70000       1.17421
November        17      2004    189.71333       1.17430
November        18      2004    189.72667       1.17438
November        19      2004    189.74000       1.17446
November        20      2004    189.75333       1.17454
November        21      2004    189.76667       1.17463
November        22      2004    189.78000       1.17471
November        23      2004    189.79333       1.17479
November        24      2004    189.80667       1.17487
November        25      2004    189.82000       1.17496
November        26      2004    189.83333       1.17504
November        27      2004    189.84667       1.17512
November        28      2004    189.86000       1.17520
November        29      2004    189.87333       1.17529
November        30      2004    189.88667       1.17537