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

Ref CPI and Index Ratios for June 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:                     June 2004
NUMBER OF DAYS IN MONTH:                30

CPI-U (NSA) February 2004               186.2
CPI-U (NSA) March 2004                  187.4
CPI-U (NSA) April 2004                  188.0

Month   Calendar Day    Year    Ref CPI       Index Ratio

June            1       2004    187.40000       1.02034
June            2       2004    187.42000       1.02045
June            3       2004    187.44000       1.02056
June            4       2004    187.46000       1.02067
June            5       2004    187.48000       1.02077
June            6       2004    187.50000       1.02088
June            7       2004    187.52000       1.02099
June            8       2004    187.54000       1.02110
June            9       2004    187.56000       1.02121
June            10      2004    187.58000       1.02132
June            11      2004    187.60000       1.02143
June            12      2004    187.62000       1.02154
June            13      2004    187.64000       1.02165
June            14      2004    187.66000       1.02175
June            15      2004    187.68000       1.02186
June            16      2004    187.70000       1.02197
June            17      2004    187.72000       1.02208
June            18      2004    187.74000       1.02219
June            19      2004    187.76000       1.02230
June            20      2004    187.78000       1.02241
June            21      2004    187.80000       1.02252
June            22      2004    187.82000       1.02263
June            23      2004    187.84000       1.02273
June            24      2004    187.86000       1.02284
June            25      2004    187.88000       1.02295
June            26      2004    187.90000       1.02306
June            27      2004    187.92000       1.02317
June            28      2004    187.94000       1.02328
June            29      2004    187.96000       1.02339
June            30      2004    187.98000       1.02350