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2% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS)

Ref CPI and Index Ratios for December 2005

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            Series D-2014
CUSIP NUMBER:                           912828CP3
DATED DATE:                             July 15, 2004
ORIGINAL ISSUE DATE:                    July 15, 2004
ADDITIONAL ISSUE DATE:                  October 15, 2004
MATURITY DATE:                          July 15, 2014
Ref CPI on DATED DATE:                  188.49677
TABLE FOR MONTH OF:                     December 2005
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) August 2005                 196.4
CPI-U (NSA) September 2005              198.8
CPI-U (NSA) October 2005                199.2

Month    Calendar Day    Year    Ref CPI      Index Ratio

December        1       2005    198.80000       1.05466
December        2       2005    198.81290       1.05473
December        3       2005    198.82581       1.05480
December        4       2005    198.83871       1.05487
December        5       2005    198.85161       1.05493
December        6       2005    198.86452       1.05500
December        7       2005    198.87742       1.05507
December        8       2005    198.89032       1.05514
December        9       2005    198.90323       1.05521
December        10      2005    198.91613       1.05528
December        11      2005    198.92903       1.05534
December        12      2005    198.94194       1.05541
December        13      2005    198.95484       1.05548
December        14      2005    198.96774       1.05555
December        15      2005    198.98065       1.05562
December        16      2005    198.99355       1.05569
December        17      2005    199.00645       1.05576
December        18      2005    199.01935       1.05582
December        19      2005    199.03226       1.05589
December        20      2005    199.04516       1.05596
December        21      2005    199.05806       1.05603
December        22      2005    199.07097       1.05610
December        23      2005    199.08387       1.05617
December        24      2005    199.09677       1.05623
December        25      2005    199.10968       1.05630
December        26      2005    199.12258       1.05637
December        27      2005    199.13548       1.05644
December        28      2005    199.14839       1.05651
December        29      2005    199.16129       1.05658
December        30      2005    199.17419       1.05665
December        31      2005    199.18710       1.05671