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1-5/8% 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-2015
CUSIP NUMBER:                           912828DH0
DATED DATE:                             January 15, 2005
ORIGINAL ISSUE DATE:                    January 18, 2005
ADDITIONAL ISSUE DATE:                  N/A
MATURITY DATE:                          January 15, 2015
Ref CPI on DATED DATE:                  190.94516
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       0.99662
March           2       2005    190.31290       0.99669
March           3       2005    190.32581       0.99676
March           4       2005    190.33871       0.99682
March           5       2005    190.35161       0.99689
March           6       2005    190.36452       0.99696
March           7       2005    190.37742       0.99703
March           8       2005    190.39032       0.99709
March           9       2005    190.40323       0.99716
March           10      2005    190.41613       0.99723
March           11      2005    190.42903       0.99730
March           12      2005    190.44194       0.99736
March           13      2005    190.45484       0.99743
March           14      2005    190.46774       0.99750
March           15      2005    190.48065       0.99757
March           16      2005    190.49355       0.99763
March           17      2005    190.50645       0.99770
March           18      2005    190.51935       0.99777
March           19      2005    190.53226       0.99784
March           20      2005    190.54516       0.99791
March           21      2005    190.55806       0.99797
March           22      2005    190.57097       0.99804
March           23      2005    190.58387       0.99811
March           24      2005    190.59677       0.99818
March           25      2005    190.60968       0.99824
March           26      2005    190.62258       0.99831
March           27      2005    190.63548       0.99838
March           28      2005    190.64839       0.99845
March           29      2005    190.66129       0.99851
March           30      2005    190.67419       0.99858
March           31      2005    190.68710       0.99865