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3-5/8% TREASURY 30-YEAR INFLATION-INDEXED BONDS

Ref CPI and Index Ratios for January 2004

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            Bonds of April 2028
CUSIP NUMBER:                           912810FD5
DATED DATE:                             April 15, 1998
ORIGINAL ISSUE DATE:                    April 15, 1998
ADDITIONAL ISSUE DATE:                  July 15, 1998
MATURITY DATE:                          April 15, 2028
Ref CPI on DATED DATE:                  161.74000
TABLE FOR MONTH OF:                     January 2004
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) September 2003              185.2
CPI-U (NSA) October 2003                185.0
CPI-U (NSA) November 2003               184.5

Month   Calendar Day    Year     Ref CPI      Index Ratio

January         1       2004    185.00000       1.14381
January         2       2004    184.98387       1.14371
January         3       2004    184.96774       1.14361
January         4       2004    184.95161       1.14351
January         5       2004    184.93548       1.14341
January         6       2004    184.91935       1.14331
January         7       2004    184.90323       1.14321
January         8       2004    184.88710       1.14311
January         9       2004    184.87097       1.14301
January         10      2004    184.85484       1.14291
January         11      2004    184.83871       1.14281
January         12      2004    184.82258       1.14271
January         13      2004    184.80645       1.14261
January         14      2004    184.79032       1.14251
January         15      2004    184.77419       1.14241
January         16      2004    184.75806       1.14232
January         17      2004    184.74194       1.14222
January         18      2004    184.72581       1.14212
January         19      2004    184.70968       1.14202
January         20      2004    184.69355       1.14192
January         21      2004    184.67742       1.14182
January         22      2004    184.66129       1.14172
January         23      2004    184.64516       1.14162
January         24      2004    184.62903       1.14152
January         25      2004    184.61290       1.14142
January         26      2004    184.59677       1.14132
January         27      2004    184.58065       1.14122
January         28      2004    184.56452       1.14112
January         29      2004    184.54839       1.14102
January         30      2004    184.53226       1.14092
January         31      2004    184.51613       1.14082