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July 1998 3-3/8% 10-Year notes due January 15, 2007

Contact: Office of Financing                      202-504-3550

3-3/8% TREASURY 10-YEAR INFLATION-INDEXED NOTES
DESCRIPTION:                                     Series A-2007
CUSIP NUMBER:                                        9128272M3
DATED DATE:                                   January 15, 1997
ORIGINAL ISSUE DATE:                          February 6, 1997
ADDITIONAL ISSUE DATE:                          April 15, 1997
MATURITY DATE:                                January 15, 2007
Ref CPI on DATED DATE:                               158.43548
TABLE FOR MONTH OF:                                  July 1998
NUMBER OF DAYS IN MONTH:                                    31

CPI-U (NSA) March 1998                                   162.2
CPI-U (NSA) April 1998                                   162.5
CPI-U (NSA) May 1998                                     162.8

Ref CPI and Index Ratios for July 1998:

Month      Calendar Day        Year    Ref CPI       Index Ratio

July                 1         1998    162.50000       1.02565
July                 2         1998    162.50968       1.02572
July                 3         1998    162.51935       1.02578
July                 4         1998    162.52903       1.02584
July                 5         1998    162.53871       1.02590
July                 6         1998    162.54839       1.02596
July                 7         1998    162.55806       1.02602
July                 8         1998    162.56774       1.02608
July                 9         1998    162.57742       1.02614
July                10         1998    162.58710       1.02620
July                11         1998    162.59677       1.02626
July                12         1998    162.60645       1.02633
July                13         1998    162.61613       1.02639
July                14         1998    162.62581       1.02645
July                15         1998    162.63548       1.02651
July                16         1998    162.64516       1.02657
July                17         1998    162.65484       1.02663
July                18         1998    162.66452       1.02669
July                19         1998    162.67419       1.02675
July                20         1998    162.68387       1.02681
July                21         1998    162.69355       1.02688
July                22         1998    162.70323       1.02694
July                23         1998    162.71290       1.02700
July                24         1998    162.72258       1.02706
July                25         1998    162.73226       1.02712
July                26         1998    162.74194       1.02718
July                27         1998    162.75161       1.02724
July                28         1998    162.76129       1.02730
July                29         1998    162.77097       1.02736
July                30         1998    162.78065       1.02743
July                31         1998    162.79032       1.02749