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3-1/2% TREASURY 10-YEAR INFLATION-INDEXED NOTES

Ref CPI and Index Ratios for June 2003

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:                     June 2003
NUMBER OF DAYS IN MONTH:                30

CPI-U (NSA) February 2003               183.1
CPI-U (NSA) March 2003                  184.2
CPI-U (NSA) April 2003                  183.8

Month   Calendar Day    Year    Ref CPI       Index Ratio

June            1       2003    184.20000       1.05835
June            2       2003    184.18667       1.05827
June            3       2003    184.17333       1.05819
June            4       2003    184.16000       1.05812
June            5       2003    184.14667       1.05804
June            6       2003    184.13333       1.05796
June            7       2003    184.12000       1.05789
June            8       2003    184.10667       1.05781
June            9       2003    184.09333       1.05773
June            10      2003    184.08000       1.05766
June            11      2003    184.06667       1.05758
June            12      2003    184.05333       1.05750
June            13      2003    184.04000       1.05743
June            14      2003    184.02667       1.05735
June            15      2003    184.01333       1.05727
June            16      2003    184.00000       1.05720
June            17      2003    183.98667       1.05712
June            18      2003    183.97333       1.05704
June            19      2003    183.96000       1.05697
June            20      2003    183.94667       1.05689
June            21      2003    183.93333       1.05681
June            22      2003    183.92000       1.05674
June            23      2003    183.90667       1.05666
June            24      2003    183.89333       1.05658
June            25      2003    183.88000       1.05651
June            26      2003    183.86667       1.05643
June            27      2003    183.85333       1.05635
June            28      2003    183.84000       1.05628
June            29      2003    183.82667       1.05620
June            30      2003    183.81333       1.05612