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3% TREASURY 10-YEAR INFLATION-INDEXED NOTES

Ref CPI and Index Ratios for March 2004

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            Series C-2012
CUSIP NUMBER:                           912828AF7
DATED DATE:                             July 15, 2002
ORIGINAL ISSUE DATE:                    July 15, 2002
ADDITIONAL ISSUE DATE:                  October 15, 2002
                                        January 15, 2003
MATURITY DATE:                          July 15, 2012
Ref CPI on DATED DATE:                  179.80000
TABLE FOR MONTH OF:                     March 2004
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) November 2003               184.5
CPI-U (NSA) December 2003               184.3
CPI-U (NSA) January 2004                185.2

Month   Calendar Day    Year    Ref CPI       Index Ratio

March           1       2004    184.30000       1.02503
March           2       2004    184.32903       1.02519
March           3       2004    184.35806       1.02535
March           4       2004    184.38710       1.02551
March           5       2004    184.41613       1.02567
March           6       2004    184.44516       1.02584
March           7       2004    184.47419       1.02600
March           8       2004    184.50323       1.02616
March           9       2004    184.53226       1.02632
March           10      2004    184.56129       1.02648
March           11      2004    184.59032       1.02664
March           12      2004    184.61935       1.02680
March           13      2004    184.64839       1.02697
March           14      2004    184.67742       1.02713
March           15      2004    184.70645       1.02729
March           16      2004    184.73548       1.02745
March           17      2004    184.76452       1.02761
March           18      2004    184.79355       1.02777
March           19      2004    184.82258       1.02793
March           20      2004    184.85161       1.02810
March           21      2004    184.88065       1.02826
March           22      2004    184.90968       1.02842
March           23      2004    184.93871       1.02858
March           24      2004    184.96774       1.02874
March           25      2004    184.99677       1.02890
March           26      2004    185.02581       1.02906
March           27      2004    185.05484       1.02923
March           28      2004    185.08387       1.02939
March           29      2004    185.11290       1.02955
March           30      2004    185.14194       1.02971
March           31      2004    185.17097       1.02987