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3-7/8% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS)

Ref CPI and Index Ratios for July 2005

Contact: Office of Financing      202-504-3550
DESCRIPTION:                            Series A-2009
CUSIP NUMBER:                           9128274Y5
DATED DATE:                             January 15, 1999
ORIGINAL ISSUE DATE:                    January 15, 1999
ADDITIONAL ISSUE DATE:                  July 15, 1999
MATURITY DATE:                          January 15, 2009
Ref CPI on DATED DATE:                  164.00000
TABLE FOR MONTH OF:                     July 2005
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) March 2005                  193.3
CPI-U (NSA) April 2005                  194.6
CPI-U (NSA) May 2005                    194.4

Month   Calendar Day    Year    Ref CPI       Index Ratio

July            1       2005    194.60000       1.18659
July            2       2005    194.59355       1.18655
July            3       2005    194.58710       1.18651
July            4       2005    194.58065       1.18647
July            5       2005    194.57419       1.18643
July            6       2005    194.56774       1.18639
July            7       2005    194.56129       1.18635
July            8       2005    194.55484       1.18631
July            9       2005    194.54839       1.18627
July            10      2005    194.54194       1.18623
July            11      2005    194.53548       1.18619
July            12      2005    194.52903       1.18615
July            13      2005    194.52258       1.18611
July            14      2005    194.51613       1.18607
July            15      2005    194.50968       1.18603
July            16      2005    194.50323       1.18600
July            17      2005    194.49677       1.18596
July            18      2005    194.49032       1.18592
July            19      2005    194.48387       1.18588
July            20      2005    194.47742       1.18584
July            21      2005    194.47097       1.18580
July            22      2005    194.46452       1.18576
July            23      2005    194.45806       1.18572
July            24      2005    194.45161       1.18568
July            25      2005    194.44516       1.18564
July            26      2005    194.43871       1.18560
July            27      2005    194.43226       1.18556
July            28      2005    194.42581       1.18552
July            29      2005    194.41935       1.18548
July            30      2005    194.41290       1.18544
July            31      2005    194.40645       1.18541