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

Ref CPI and Index Ratios for January 2006

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:                     January 2006
NUMBER OF DAYS IN MONTH:                31

CPI-U (NSA) September 2005              198.8
CPI-U (NSA) October 2005                199.2
CPI-U (NSA) November 2005               197.6

Month   Calendar Day    Year    Ref CPI       Index Ratio

January         1       2006    199.20000       1.05678
January         2       2006    199.14839       1.05651
January         3       2006    199.09677       1.05623
January         4       2006    199.04516       1.05596
January         5       2006    198.99355       1.05569
January         6       2006    198.94194       1.05541
January         7       2006    198.89032       1.05514
January         8       2006    198.83871       1.05487
January         9       2006    198.78710       1.05459
January         10      2006    198.73548       1.05432
January         11      2006    198.68387       1.05404
January         12      2006    198.63226       1.05377
January         13      2006    198.58065       1.05350
January         14      2006    198.52903       1.05322
January         15      2006    198.47742       1.05295
January         16      2006    198.42581       1.05267
January         17      2006    198.37419       1.05240
January         18      2006    198.32258       1.05213
January         19      2006    198.27097       1.05185
January         20      2006    198.21935       1.05158
January         21      2006    198.16774       1.05131
January         22      2006    198.11613       1.05103
January         23      2006    198.06452       1.05076
January         24      2006    198.01290       1.05048
January         25      2006    197.96129       1.05021
January         26      2006    197.90968       1.04994
January         27      2006    197.85806       1.04966
January         28      2006    197.80645       1.04939
January         29      2006    197.75484       1.04912
January         30      2006    197.70323       1.04884
January         31      2006    197.65161       1.04857