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1-7/8% TREASURY 10-YEAR INFLATION-INDEXED NOTES

Ref CPI and Index Ratios for March 2004

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            Series C-2013
CUSIP NUMBER:                           912828BD1
DATED DATE:                             July 15, 2003
ORIGINAL ISSUE DATE:                    July 15, 2003
ADDITIONAL ISSUE DATE:                  October 15, 2003
MATURITY DATE:                          July 15, 2013
Ref CPI on DATED DATE:                  183.66452
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       1.00346
March           2       2004    184.32903       1.00362
March           3       2004    184.35806       1.00378
March           4       2004    184.38710       1.00393
March           5       2004    184.41613       1.00409
March           6       2004    184.44516       1.00425
March           7       2004    184.47419       1.00441
March           8       2004    184.50323       1.00457
March           9       2004    184.53226       1.00472
March           10      2004    184.56129       1.00488
March           11      2004    184.59032       1.00504
March           12      2004    184.61935       1.00520
March           13      2004    184.64839       1.00536
March           14      2004    184.67742       1.00551
March           15      2004    184.70645       1.00567
March           16      2004    184.73548       1.00583
March           17      2004    184.76452       1.00599
March           18      2004    184.79355       1.00615
March           19      2004    184.82258       1.00631
March           20      2004    184.85161       1.00646
March           21      2004    184.88065       1.00662
March           22      2004    184.90968       1.00678
March           23      2004    184.93871       1.00694
March           24      2004    184.96774       1.00710
March           25      2004    184.99677       1.00725
March           26      2004    185.02581       1.00741
March           27      2004    185.05484       1.00757
March           28      2004    185.08387       1.00773
March           29      2004    185.11290       1.00789
March           30      2004    185.14194       1.00804
March           31      2004    185.17097       1.00820