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3-5/8% 30-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS)

Ref CPI and Index Ratios for November 2004

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            TIPS 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:                     November 2004
NUMBER OF DAYS IN MONTH:                30

CPI-U (NSA) July 2004                   189.4
CPI-U (NSA) August 2004                 189.5
CPI-U (NSA) September 2004              189.9

Month   Calendar Day    Year    Ref CPI       Index Ratio

November        1       2004    189.50000       1.17163
November        2       2004    189.51333       1.17172
November        3       2004    189.52667       1.17180
November        4       2004    189.54000       1.17188
November        5       2004    189.55333       1.17196
November        6       2004    189.56667       1.17205
November        7       2004    189.58000       1.17213
November        8       2004    189.59333       1.17221
November        9       2004    189.60667       1.17229
November        10      2004    189.62000       1.17238
November        11      2004    189.63333       1.17246
November        12      2004    189.64667       1.17254
November        13      2004    189.66000       1.17262
November        14      2004    189.67333       1.17271
November        15      2004    189.68667       1.17279
November        16      2004    189.70000       1.17287
November        17      2004    189.71333       1.17295
November        18      2004    189.72667       1.17303
November        19      2004    189.74000       1.17312
November        20      2004    189.75333       1.17320
November        21      2004    189.76667       1.17328
November        22      2004    189.78000       1.17336
November        23      2004    189.79333       1.17345
November        24      2004    189.80667       1.17353
November        25      2004    189.82000       1.17361
November        26      2004    189.83333       1.17369
November        27      2004    189.84667       1.17378
November        28      2004    189.86000       1.17386
November        29      2004    189.87333       1.17394
November        30      2004    189.88667       1.17402