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

Ref CPI and Index Ratios for May 2004

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            Series A-2012
CUSIP NUMBER:                           9128277J5
DATED DATE:                             January 15, 2002
ORIGINAL ISSUE DATE:                    January 15, 2002
ADDITIONAL ISSUE DATE:
MATURITY DATE:                          January 15, 2012
Ref CPI on DATED DATE:                  177.56452
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       1.04863
May             2       2004    186.23871       1.04885
May             3       2004    186.27742       1.04907
May             4       2004    186.31613       1.04929
May             5       2004    186.35484       1.04950
May             6       2004    186.39355       1.04972
May             7       2004    186.43226       1.04994
May             8       2004    186.47097       1.05016
May             9       2004    186.50968       1.05038
May             10      2004    186.54839       1.05059
May             11      2004    186.58710       1.05081
May             12      2004    186.62581       1.05103
May             13      2004    186.66452       1.05125
May             14      2004    186.70323       1.05147
May             15      2004    186.74194       1.05168
May             16      2004    186.78065       1.05190
May             17      2004    186.81935       1.05212
May             18      2004    186.85806       1.05234
May             19      2004    186.89677       1.05256
May             20      2004    186.93548       1.05277
May             21      2004    186.97419       1.05299
May             22      2004    187.01290       1.05321
May             23      2004    187.05161       1.05343
May             24      2004    187.09032       1.05365
May             25      2004    187.12903       1.05386
May             26      2004    187.16774       1.05408
May             27      2004    187.20645       1.05430
May             28      2004    187.24516       1.05452
May             29      2004    187.28387       1.05474
May             30      2004    187.32258       1.05496
May             31      2004    187.36129       1.05517