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3-3/8% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2007

Ref CPI and Index Ratios for July 2006

    Contact: Office of Financing       202-504-3550
    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 2006
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) March 2006                  199.8
    CPI-U (NSA) April 2006                  201.5
    CPI-U (NSA) May 2006                    202.5

    Month   Calendar Day    Year    Ref CPI       Index Ratio

    July            1       2006    201.50000       1.27181
    July            2       2006    201.53226       1.27201
    July            3       2006    201.56452       1.27222
    July            4       2006    201.59677       1.27242
    July            5       2006    201.62903       1.27263
    July            6       2006    201.66129       1.27283
    July            7       2006    201.69355       1.27303
    July            8       2006    201.72581       1.27324
    July            9       2006    201.75806       1.27344
    July            10      2006    201.79032       1.27364
    July            11      2006    201.82258       1.27385
    July            12      2006    201.85484       1.27405
    July            13      2006    201.88710       1.27425
    July            14      2006    201.91935       1.27446
    July            15      2006    201.95161       1.27466
    July            16      2006    201.98387       1.27487
    July            17      2006    202.01613       1.27507
    July            18      2006    202.04839       1.27527
    July            19      2006    202.08065       1.27548
    July            20      2006    202.11290       1.27568
    July            21      2006    202.14516       1.27588
    July            22      2006    202.17742       1.27609
    July            23      2006    202.20968       1.27629
    July            24      2006    202.24194       1.27649
    July            25      2006    202.27419       1.27670
    July            26      2006    202.30645       1.27690
    July            27      2006    202.33871       1.27710
    July            28      2006    202.37097       1.27731
    July            29      2006    202.40323       1.27751
    July            30      2006    202.43548       1.27772
    July            31      2006    202.46774       1.27792