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

Ref CPI and Index Ratios for July 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:                     July 2004
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) March 2004                  187.4
CPI-U (NSA) April 2004                  188.0
CPI-U (NSA) May 2004                    189.1

Month   Calendar Day    Year    Ref CPI       Index Ratio

July            1       2004    188.00000       1.16236
July            2       2004    188.03548       1.16258
July            3       2004    188.07097       1.16280
July            4       2004    188.10645       1.16302
July            5       2004    188.14194       1.16324
July            6       2004    188.17742       1.16346
July            7       2004    188.21290       1.16368
July            8       2004    188.24839       1.16390
July            9       2004    188.28387       1.16411
July            10      2004    188.31935       1.16433
July            11      2004    188.35484       1.16455
July            12      2004    188.39032       1.16477
July            13      2004    188.42581       1.16499
July            14      2004    188.46129       1.16521
July            15      2004    188.49677       1.16543
July            16      2004    188.53226       1.16565
July            17      2004    188.56774       1.16587
July            18      2004    188.60323       1.16609
July            19      2004    188.63871       1.16631
July            20      2004    188.67419       1.16653
July            21      2004    188.70968       1.16675
July            22      2004    188.74516       1.16697
July            23      2004    188.78065       1.16719
July            24      2004    188.81613       1.16741
July            25      2004    188.85161       1.16762
July            26      2004    188.88710       1.16784
July            27      2004    188.92258       1.16806
July            28      2004    188.95806       1.16828
July            29      2004    188.99355       1.16850
July            30      2004    189.02903       1.16872
July            31      2004    189.06452       1.16894