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3-3/8% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2007

Ref CPI and Index Ratios for January 2007

    Contact: Office of Financing            202-504-3550

    DESCRIPTION:                            Series A-2007
    CUSIP NUMBER:                           9128272M3
    DATED DATE:                             January 15, 1997
    ORIGINAL ISSUE DATE:                    February 6, 1997
    ADDITIONAL ISSUE DATE:                  April 15, 1997
    MATURITY DATE:                          January 15, 2007
    Ref CPI on DATED DATE:                  158.43548
    TABLE FOR MONTH OF:                     January 2007
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) September 2006              202.9
    CPI-U (NSA) October 2006                201.8
    CPI-U (NSA) November 2006               201.5

    Month   Calendar Day    Year    Ref CPI       Index Ratio

    January         1       2007    201.80000       1.27370
    January         2       2007    201.79032       1.27364
    January         3       2007    201.78065       1.27358
    January         4       2007    201.77097       1.27352
    January         5       2007    201.76129       1.27346
    January         6       2007    201.75161       1.27340
    January         7       2007    201.74194       1.27334
    January         8       2007    201.73226       1.27328
    January         9       2007    201.72258       1.27322
    January         10      2007    201.71290       1.27315
    January         11      2007    201.70323       1.27309
    January         12      2007    201.69355       1.27303
    January         13      2007    201.68387       1.27297
    January         14      2007    201.67419       1.27291
    January         15      2007    201.66452       1.27285