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3-3/8% TREASURY 30-1/2-YEAR INFLATION-INDEXED BONDS

Ref CPI and Index Ratios for January 2003

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            Bonds of April 2032
CUSIP NUMBER:                           912810FQ6
DATED DATE:                             October 15, 2001
ORIGINAL ISSUE DATE:                    October 15, 2001
ADDITIONAL ISSUE DATE:
MATURITY DATE:                          April 15, 2032
Ref CPI on DATED DATE:                  177.50000
TABLE FOR MONTH OF:                     January 2003
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) September 2002              181.0
CPI-U (NSA) October 2002                181.3
CPI-U (NSA) November 2002               181.3

Month   Calendar Day    Year    Ref CPI       Index Ratio

January         1       2003    181.30000       1.02141
January         2       2003    181.30000       1.02141
January         3       2003    181.30000       1.02141
January         4       2003    181.30000       1.02141
January         5       2003    181.30000       1.02141
January         6       2003    181.30000       1.02141
January         7       2003    181.30000       1.02141
January         8       2003    181.30000       1.02141
January         9       2003    181.30000       1.02141
January         10      2003    181.30000       1.02141
January         11      2003    181.30000       1.02141
January         12      2003    181.30000       1.02141
January         13      2003    181.30000       1.02141
January         14      2003    181.30000       1.02141
January         15      2003    181.30000       1.02141
January         16      2003    181.30000       1.02141
January         17      2003    181.30000       1.02141
January         18      2003    181.30000       1.02141
January         19      2003    181.30000       1.02141
January         20      2003    181.30000       1.02141
January         21      2003    181.30000       1.02141
January         22      2003    181.30000       1.02141
January         23      2003    181.30000       1.02141
January         24      2003    181.30000       1.02141
January         25      2003    181.30000       1.02141
January         26      2003    181.30000       1.02141
January         27      2003    181.30000       1.02141
January         28      2003    181.30000       1.02141
January         29      2003    181.30000       1.02141
January         30      2003    181.30000       1.02141
January         31      2003    181.30000       1.02141