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2% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2014

Ref CPI and Index Ratios for July 2006

    Contact: Office of Financing       202-504-3550
    DESCRIPTION:                           Series A-2014
    CUSIP NUMBER:                          912828BW9
    DATED DATE:                            January 15, 2004
    ORIGINAL ISSUE DATE:                   January 15, 2004
    ADDITIONAL ISSUE DATE:                 April 15, 2004
    MATURITY DATE:                         January 15, 2014
    Ref CPI on DATED DATE:                 184.77419
    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       1.09052
    July            2       2006    201.53226       1.09069
    July            3       2006    201.56452       1.09087
    July            4       2006    201.59677       1.09104
    July            5       2006    201.62903       1.09122
    July            6       2006    201.66129       1.09139
    July            7       2006    201.69355       1.09157
    July            8       2006    201.72581       1.09174
    July            9       2006    201.75806       1.09192
    July            10      2006    201.79032       1.09209
    July            11      2006    201.82258       1.09227
    July            12      2006    201.85484       1.09244
    July            13      2006    201.88710       1.09262
    July            14      2006    201.91935       1.09279
    July            15      2006    201.95161       1.09296
    July            16      2006    201.98387       1.09314
    July            17      2006    202.01613       1.09331
    July            18      2006    202.04839       1.09349
    July            19      2006    202.08065       1.09366
    July            20      2006    202.11290       1.09384
    July            21      2006    202.14516       1.09401
    July            22      2006    202.17742       1.09419
    July            23      2006    202.20968       1.09436
    July            24      2006    202.24194       1.09454
    July            25      2006    202.27419       1.09471
    July            26      2006    202.30645       1.09488
    July            27      2006    202.33871       1.09506
    July            28      2006    202.37097       1.09523
    July            29      2006    202.40323       1.09541
    July            30      2006    202.43548       1.09558
    July            31      2006    202.46774       1.09576