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

Ref CPI and Index Ratios for January 2007

    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:                     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       1.12236
     January         2       2007    201.79032       1.12230
     January         3       2007    201.78065       1.12225
     January         4       2007    201.77097       1.12220
     January         5       2007    201.76129       1.12214
     January         6       2007    201.75161       1.12209
     January         7       2007    201.74194       1.12204
     January         8       2007    201.73226       1.12198
     January         9       2007    201.72258       1.12193
     January         10      2007    201.71290       1.12187
     January         11      2007    201.70323       1.12182
     January         12      2007    201.69355       1.12177
     January         13      2007    201.68387       1.12171
     January         14      2007    201.67419       1.12166
     January         15      2007    201.66452       1.12160
     January         16      2007    201.65484       1.12155
     January         17      2007    201.64516       1.12150
     January         18      2007    201.63548       1.12144
     January         19      2007    201.62581       1.12139
     January         20      2007    201.61613       1.12134
     January         21      2007    201.60645       1.12128
     January         22      2007    201.59677       1.12123
     January         23      2007    201.58710       1.12117
     January         24      2007    201.57742       1.12112
     January         25      2007    201.56774       1.12107
     January         26      2007    201.55806       1.12101
     January         27      2007    201.54839       1.12096
     January         28      2007    201.53871       1.12090
     January         29      2007    201.52903       1.12085
     January         30      2007    201.51935       1.12080
     January         31      2007    201.50968       1.12074