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3% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS)

Ref CPI and Index Ratios for May 2006

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            Series C-2012
CUSIP NUMBER:                           912828AF7
DATED DATE:                             July 15, 2002
ORIGINAL ISSUE DATE:                    July 15, 2002
ADDITIONAL ISSUE DATE:                  October 15, 2002
                                        January 15, 2003
MATURITY DATE:                          July 15, 2012
Ref CPI on DATED DATE:                  179.80000
TABLE FOR MONTH OF:                     May 2006
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) January 2006                198.3
CPI-U (NSA) February 2006               198.7
CPI-U (NSA) March 2006                  199.8

Month   Calendar Day    Year    Ref CPI       Index Ratio

May             1       2006    198.70000       1.10512
May             2       2006    198.73548       1.10531
May             3       2006    198.77097       1.10551
May             4       2006    198.80645       1.10571
May             5       2006    198.84194       1.10591
May             6       2006    198.87742       1.10610
May             7       2006    198.91290       1.10630
May             8       2006    198.94839       1.10650
May             9       2006    198.98387       1.10670
May             10      2006    199.01935       1.10689
May             11      2006    199.05484       1.10709
May             12      2006    199.09032       1.10729
May             13      2006    199.12581       1.10749
May             14      2006    199.16129       1.10768
May             15      2006    199.19677       1.10788
May             16      2006    199.23226       1.10808
May             17      2006    199.26774       1.10827
May             18      2006    199.30323       1.10847
May             19      2006    199.33871       1.10867
May             20      2006    199.37419       1.10887
May             21      2006    199.40968       1.10906
May             22      2006    199.44516       1.10926
May             23      2006    199.48065       1.10946
May             24      2006    199.51613       1.10966
May             25      2006    199.55161       1.10985
May             26      2006    199.58710       1.11005
May             27      2006    199.62258       1.11025
May             28      2006    199.65806       1.11045
May             29      2006    199.69355       1.11064
May             30      2006    199.72903       1.11084
May             31      2006    199.76452       1.11104