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3-3/8% TREASURY 10-YEAR INFLATION-INDEXED NOTES

Ref CPI and Index Ratios for May 2003

Contact: Office of Financing       202-504-3550

DESCRIPTION:                            Series A-2012
CUSIP NUMBER:                           9128277J5
DATED DATE:                             January 15, 2002
ORIGINAL ISSUE DATE:                    January 15, 2002
ADDITIONAL ISSUE DATE:
MATURITY DATE:                          January 15, 2012
Ref CPI on DATED DATE:                  177.56452
TABLE FOR MONTH OF:                     May 2003
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) January 2003                181.7
CPI-U (NSA) February 2003               183.1
CPI-U (NSA) March 2003                  184.2

Month   Calendar Day    Year    Ref CPI       Index Ratio

May             1       2003    183.10000       1.03117
May             2       2003    183.13548       1.03137
May             3       2003    183.17097       1.03157
May             4       2003    183.20645       1.03177
May             5       2003    183.24194       1.03197
May             6       2003    183.27742       1.03217
May             7       2003    183.31290       1.03237
May             8       2003    183.34839       1.03257
May             9       2003    183.38387       1.03277
May             10      2003    183.41935       1.03297
May             11      2003    183.45484       1.03317
May             12      2003    183.49032       1.03337
May             13      2003    183.52581       1.03357
May             14      2003    183.56129       1.03377
May             15      2003    183.59677       1.03397
May             16      2003    183.63226       1.03417
May             17      2003    183.66774       1.03437
May             18      2003    183.70323       1.03457
May             19      2003    183.73871       1.03477
May             20      2003    183.77419       1.03497
May             21      2003    183.80968       1.03517
May             22      2003    183.84516       1.03537
May             23      2003    183.88065       1.03557
May             24      2003    183.91613       1.03577
May             25      2003    183.95161       1.03597
May             26      2003    183.98710       1.03617
May             27      2003    184.02258       1.03637
May             28      2003    184.05806       1.03657
May             29      2003    184.09355       1.03677
May             30      2003    184.12903       1.03697
May             31      2003    184.16452       1.03717