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2% 20-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS)

Ref CPI and Index Ratios for May 2006

Contact: Office of Financing       202-504-3550
DESCRIPTION:                            TIPS of January 2026
CUSIP NUMBER:                           912810FS2
DATED DATE:                             January 15, 2006
ORIGINAL ISSUE DATE:                    January 31, 2006
ADDITIONAL ISSUE DATE:                  N/A
MATURITY DATE:                          January 15, 2026
Ref CPI on DATED DATE:                  198.47742
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       1.00112
May             2       2006    198.73548       1.00130
May             3       2006    198.77097       1.00148
May             4       2006    198.80645       1.00166
May             5       2006    198.84194       1.00184
May             6       2006    198.87742       1.00202
May             7       2006    198.91290       1.00219
May             8       2006    198.94839       1.00237
May             9       2006    198.98387       1.00255
May             10      2006    199.01935       1.00273
May             11      2006    199.05484       1.00291
May             12      2006    199.09032       1.00309
May             13      2006    199.12581       1.00327
May             14      2006    199.16129       1.00345
May             15      2006    199.19677       1.00362
May             16      2006    199.23226       1.00380
May             17      2006    199.26774       1.00398
May             18      2006    199.30323       1.00416
May             19      2006    199.33871       1.00434
May             20      2006    199.37419       1.00452
May             21      2006    199.40968       1.00470
May             22      2006    199.44516       1.00488
May             23      2006    199.48065       1.00505
May             24      2006    199.51613       1.00523
May             25      2006    199.55161       1.00541
May             26      2006    199.58710       1.00559
May             27      2006    199.62258       1.00577
May             28      2006    199.65806       1.00595
May             29      2006    199.69355       1.00613
May             30      2006    199.72903       1.00631
May             31      2006    199.76452       1.00648