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3-7/8% TREASURY 10-YEAR INFLATION-INDEXED NOTES

Ref CPI and Index Ratios for July 2004

Contact: Office of Financing      202-504-3550
DESCRIPTION:                            Series A-2009
CUSIP NUMBER:                           9128274Y5
DATED DATE:                             January 15, 1999
ORIGINAL ISSUE DATE:                    January 15, 1999
ADDITIONAL ISSUE DATE:                  July 15, 1999
MATURITY DATE:                          January 15, 2009
Ref CPI on DATED DATE:                  164.00000
TABLE FOR MONTH OF:                     July 2004
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) March 2004                  187.4
CPI-U (NSA) April 2004                  188.0
CPI-U (NSA) May 2004                    189.1

Month   Calendar Day    Year    Ref CPI       Index Ratio

July            1       2004    188.00000       1.14634
July            2       2004    188.03548       1.14656
July            3       2004    188.07097       1.14677
July            4       2004    188.10645       1.14699
July            5       2004    188.14194       1.14721
July            6       2004    188.17742       1.14742
July            7       2004    188.21290       1.14764
July            8       2004    188.24839       1.14786
July            9       2004    188.28387       1.14807
July            10      2004    188.31935       1.14829
July            11      2004    188.35484       1.14851
July            12      2004    188.39032       1.14872
July            13      2004    188.42581       1.14894
July            14      2004    188.46129       1.14915
July            15      2004    188.49677       1.14937
July            16      2004    188.53226       1.14959
July            17      2004    188.56774       1.14980
July            18      2004    188.60323       1.15002
July            19      2004    188.63871       1.15024
July            20      2004    188.67419       1.15045
July            21      2004    188.70968       1.15067
July            22      2004    188.74516       1.15089
July            23      2004    188.78065       1.15110
July            24      2004    188.81613       1.15132
July            25      2004    188.85161       1.15153
July            26      2004    188.88710       1.15175
July            27      2004    188.92258       1.15197
July            28      2004    188.95806       1.15218
July            29      2004    188.99355       1.15240
July            30      2004    189.02903       1.15262
July            31      2004    189.06452       1.15283