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3-7/8% 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-2009
CUSIP NUMBER:                           9128274Y5
DATED DATE:                             January 15, 1999
ORIGINAL ISSUE DATE:                    January 15, 1999
ADDITIONAL ISSUE DATE:                  July 15, 1999
N/A
MATURITY DATE:                          January 15, 2009
Ref CPI on DATED DATE:                  164.00000
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       1.15549
November        2       2004    189.51333       1.15557
November        3       2004    189.52667       1.15565
November        4       2004    189.54000       1.15573
November        5       2004    189.55333       1.15581
November        6       2004    189.56667       1.15589
November        7       2004    189.58000       1.15598
November        8       2004    189.59333       1.15606
November        9       2004    189.60667       1.15614
November        10      2004    189.62000       1.15622
November        11      2004    189.63333       1.15630
November        12      2004    189.64667       1.15638
November        13      2004    189.66000       1.15646
November        14      2004    189.67333       1.15654
November        15      2004    189.68667       1.15663
November        16      2004    189.70000       1.15671
November        17      2004    189.71333       1.15679
November        18      2004    189.72667       1.15687
November        19      2004    189.74000       1.15695
November        20      2004    189.75333       1.15703
November        21      2004    189.76667       1.15711
November        22      2004    189.78000       1.15720
November        23      2004    189.79333       1.15728
November        24      2004    189.80667       1.15736
November        25      2004    189.82000       1.15744
November        26      2004    189.83333       1.15752
November        27      2004    189.84667       1.15760
November        28      2004    189.86000       1.15768
November        29      2004    189.87333       1.15776
November        30      2004    189.88667       1.15785