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3-7/8% 30-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS)

Ref CPI and Index Ratios for January 2005

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            TIPS of April 2029
CUSIP NUMBER:                           912810FH6
DATED DATE:                             April 15, 1999
ORIGINAL ISSUE DATE:                    April 15, 1999
ADDITIONAL ISSUE DATE:                  October 15, 1999
                                        October 16 2000
MATURITY DATE:                          April 15, 2029
Ref CPI on DATED DATE:                  164.39333
TABLE FOR MONTH OF:                     January 2005
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) September 2004              189.9
CPI-U (NSA) October 2004                190.9
CPI-U (NSA) November 2004               191.0

Month   Calendar Day    Year    Ref CPI       Index Ratio

January         1       2005    190.90000       1.16124
January         2       2005    190.90323       1.16126
January         3       2005    190.90645       1.16128
January         4       2005    190.90968       1.16130
January         5       2005    190.91290       1.16132
January         6       2005    190.91613       1.16134
January         7       2005    190.91935       1.16136
January         8       2005    190.92258       1.16138
January         9       2005    190.92581       1.16140
January         10      2005    190.92903       1.16142
January         11      2005    190.93226       1.16144
January         12      2005    190.93548       1.16146
January         13      2005    190.93871       1.16147
January         14      2005    190.94194       1.16149
January         15      2005    190.94516       1.16151
January         16      2005    190.94839       1.16153
January         17      2005    190.95161       1.16155
January         18      2005    190.95484       1.16157
January         19      2005    190.95806       1.16159
January         20      2005    190.96129       1.16161
January         21      2005    190.96452       1.16163
January         22      2005    190.96774       1.16165
January         23      2005    190.97097       1.16167
January         24      2005    190.97419       1.16169
January         25      2005    190.97742       1.16171
January         26      2005    190.98065       1.16173
January         27      2005    190.98387       1.16175
January         28      2005    190.98710       1.16177
January         29      2005    190.99032       1.16179
January         30      2005    190.99355       1.16181
January         31      2005    190.99677       1.16183