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3-1/2% 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-2011
CUSIP NUMBER:                           9128276R8
DATED DATE:                             January 15, 2001
ORIGINAL ISSUE DATE:                    January 16, 2001
ADDITIONAL ISSUE DATE:                  July 16, 2001
MATURITY DATE:                          January 15, 2011
Ref CPI on DATED DATE:                  174.04516
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       1.09339
March           2       2005    190.31290       1.09347
March           3       2005    190.32581       1.09354
March           4       2005    190.33871       1.09362
March           5       2005    190.35161       1.09369
March           6       2005    190.36452       1.09377
March           7       2005    190.37742       1.09384
March           8       2005    190.39032       1.09391
March           9       2005    190.40323       1.09399
March           10      2005    190.41613       1.09406
March           11      2005    190.42903       1.09414
March           12      2005    190.44194       1.09421
March           13      2005    190.45484       1.09428
March           14      2005    190.46774       1.09436
March           15      2005    190.48065       1.09443
March           16      2005    190.49355       1.09451
March           17      2005    190.50645       1.09458
March           18      2005    190.51935       1.09465
March           19      2005    190.53226       1.09473
March           20      2005    190.54516       1.09480
March           21      2005    190.55806       1.09488
March           22      2005    190.57097       1.09495
March           23      2005    190.58387       1.09503
March           24      2005    190.59677       1.09510
March           25      2005    190.60968       1.09517
March           26      2005    190.62258       1.09525
March           27      2005    190.63548       1.09532
March           28      2005    190.64839       1.09540
March           29      2005    190.66129       1.09547
March           30      2005    190.67419       1.09554
March           31      2005    190.68710       1.09562