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2% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS)

Ref CPI and Index Ratios for April 2005

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            Series D-2014
CUSIP NUMBER:                           912828CP3
DATED DATE:                             July 15, 2004
ORIGINAL ISSUE DATE:                    July 15, 2004
ADDITIONAL ISSUE DATE:                  October 15, 2004
MATURITY DATE:                          July 15, 2014
Ref CPI on DATED DATE:                  188.49677
TABLE FOR MONTH OF:                     April 2005
NUMBER OF DAYS IN MONTH:                30
CPI-U (NSA) December 2004               190.3
CPI-U (NSA) January 2005                190.7
CPI-U (NSA) February 2005               191.8

Month   Calendar Day    Year    Ref CPI       Index Ratio

April           1       2005    190.70000       1.01169
April           2       2005    190.73667       1.01188
April           3       2005    190.77333       1.01208
April           4       2005    190.81000       1.01227
April           5       2005    190.84667       1.01247
April           6       2005    190.88333       1.01266
April           7       2005    190.92000       1.01286
April           8       2005    190.95667       1.01305
April           9       2005    190.99333       1.01324
April           10      2005    191.03000       1.01344
April           11      2005    191.06667       1.01363
April           12      2005    191.10333       1.01383
April           13      2005    191.14000       1.01402
April           14      2005    191.17667       1.01422
April           15      2005    191.21333       1.01441
April           16      2005    191.25000       1.01461
April           17      2005    191.28667       1.01480
April           18      2005    191.32333       1.01500
April           19      2005    191.36000       1.01519
April           20      2005    191.39667       1.01538
April           21      2005    191.43333       1.01558
April           22      2005    191.47000       1.01577
April           23      2005    191.50667       1.01597
April           24      2005    191.54333       1.01616
April           25      2005    191.58000       1.01636
April           26      2005    191.61667       1.01655
April           27      2005    191.65333       1.01675
April           28      2005    191.69000       1.01694
April           29      2005    191.72667       1.01714
April           30      2005    191.76333       1.01733