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3-3/8% TREASURY 30-1/2-YEAR INFLATION-INDEXED BONDS

Ref CPI and Index Ratios for March 2004

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            Bonds of April 2032
CUSIP NUMBER:                           912810FQ6
DATED DATE:                             October 15, 2001
ORIGINAL ISSUE DATE:                    October 15, 2001
ADDITIONAL ISSUE DATE:
MATURITY DATE:                          April 15, 2032
Ref CPI on DATED DATE:                  177.50000
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       1.03831
March           2       2004    184.32903       1.03847
March           3       2004    184.35806       1.03864
March           4       2004    184.38710       1.03880
March           5       2004    184.41613       1.03896
March           6       2004    184.44516       1.03913
March           7       2004    184.47419       1.03929
March           8       2004    184.50323       1.03945
March           9       2004    184.53226       1.03962
March           10      2004    184.56129       1.03978
March           11      2004    184.59032       1.03995
March           12      2004    184.61935       1.04011
March           13      2004    184.64839       1.04027
March           14      2004    184.67742       1.04044
March           15      2004    184.70645       1.04060
March           16      2004    184.73548       1.04076
March           17      2004    184.76452       1.04093
March           18      2004    184.79355       1.04109
March           19      2004    184.82258       1.04125
March           20      2004    184.85161       1.04142
March           21      2004    184.88065       1.04158
March           22      2004    184.90968       1.04174
March           23      2004    184.93871       1.04191
March           24      2004    184.96774       1.04207
March           25      2004    184.99677       1.04224
March           26      2004    185.02581       1.04240
March           27      2004    185.05484       1.04256
March           28      2004    185.08387       1.04273
March           29      2004    185.11290       1.04289
March           30      2004    185.14194       1.04305
March           31      2004    185.17097       1.04322