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

Ref CPI and Index Ratios for March 2004

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:                     March 2004
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) November 2003               184.5
CPI-U (NSA) December 2003               184.3
CPI-U (NSA) January 2004                185.2

Month   Calendar Day    Year    Ref CPI       Index Ratio

March           1       2004    184.30000       1.05892
March           2       2004    184.32903       1.05909
March           3       2004    184.35806       1.05925
March           4       2004    184.38710       1.05942
March           5       2004    184.41613       1.05959
March           6       2004    184.44516       1.05975
March           7       2004    184.47419       1.05992
March           8       2004    184.50323       1.06009
March           9       2004    184.53226       1.06026
March           10      2004    184.56129       1.06042
March           11      2004    184.59032       1.06059
March           12      2004    184.61935       1.06076
March           13      2004    184.64839       1.06092
March           14      2004    184.67742       1.06109
March           15      2004    184.70645       1.06126
March           16      2004    184.73548       1.06142
March           17      2004    184.76452       1.06159
March           18      2004    184.79355       1.06176
March           19      2004    184.82258       1.06192
March           20      2004    184.85161       1.06209
March           21      2004    184.88065       1.06226
March           22      2004    184.90968       1.06242
March           23      2004    184.93871       1.06259
March           24      2004    184.96774       1.06276
March           25      2004    184.99677       1.06292
March           26      2004    185.02581       1.06309
March           27      2004    185.05484       1.06326
March           28      2004    185.08387       1.06342
March           29      2004    185.11290       1.06359
March           30      2004    185.14194       1.06376
March           31      2004    185.17097       1.06392