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3% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due July 15, 2012

Ref CPI and Index Ratios for July 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:                    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       1.12069
    July            2       2006    201.53226       1.12087
    July            3       2006    201.56452       1.12105
    July            4       2006    201.59677       1.12123
    July            5       2006    201.62903       1.12141
    July            6       2006    201.66129       1.12159
    July            7       2006    201.69355       1.12177
    July            8       2006    201.72581       1.12195
    July            9       2006    201.75806       1.12212
    July            10      2006    201.79032       1.12230
    July            11      2006    201.82258       1.12248
    July            12      2006    201.85484       1.12266
    July            13      2006    201.88710       1.12284
    July            14      2006    201.91935       1.12302
    July            15      2006    201.95161       1.12320
    July            16      2006    201.98387       1.12338
    July            17      2006    202.01613       1.12356
    July            18      2006    202.04839       1.12374
    July            19      2006    202.08065       1.12392
    July            20      2006    202.11290       1.12410
    July            21      2006    202.14516       1.12428
    July            22      2006    202.17742       1.12446
    July            23      2006    202.20968       1.12464
    July            24      2006    202.24194       1.12482
    July            25      2006    202.27419       1.12500
    July            26      2006    202.30645       1.12517
    July            27      2006    202.33871       1.12535
    July            28      2006    202.37097       1.12553
    July            29      2006    202.40323       1.12571
    July            30      2006    202.43548       1.12589
    July            31      2006    202.46774       1.12607