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3-3/8% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS)

Ref CPI and Index Ratios for March 2005

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            Series A-2007
CUSIP NUMBER:                           9128272M3
DATED DATE:                             January 15, 1997
ORIGINAL ISSUE DATE:                    February 6, 1997
ADDITIONAL ISSUE DATE:                  April 15, 1997
MATURITY DATE:                          January 15, 2007
Ref CPI on DATED DATE:                  158.43548
TABLE FOR MONTH OF:                     March 2005
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) November 2004               191.0
CPI-U (NSA) December 2004               190.3
CPI-U (NSA) January 2005                190.7

Month   Calendar Day    Year    Ref CPI      Index Ratio

March          1       2005    190.30000       1.20112
March          2       2005    190.31290       1.20120
March          3       2005    190.32581       1.20128
March          4       2005    190.33871       1.20136
March          5       2005    190.35161       1.20145
March          6       2005    190.36452       1.20153
March          7       2005    190.37742       1.20161
March          8       2005    190.39032       1.20169
March          9       2005    190.40323       1.20177
March          10      2005    190.41613       1.20185
March          11      2005    190.42903       1.20193
March          12      2005    190.44194       1.20202
March          13      2005    190.45484       1.20210
March          14      2005    190.46774       1.20218
March          15      2005    190.48065       1.20226
March          16      2005    190.49355       1.20234
March          17      2005    190.50645       1.20242
March          18      2005    190.51935       1.20250
March          19      2005    190.53226       1.20259
March          20      2005    190.54516       1.20267
March          21      2005    190.55806       1.20275
March          22      2005    190.57097       1.20283
March          23      2005    190.58387       1.20291
March          24      2005    190.59677       1.20299
March          25      2005    190.60968       1.20307
March          26      2005    190.62258       1.20316
March          27      2005    190.63548       1.20324
March          28      2005    190.64839       1.20332
March          29      2005    190.66129       1.20340
March          30      2005    190.67419       1.20348
March          31      2005    190.68710       1.20356