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1-7/8% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due July 15, 2013

Ref CPI and Index Ratios for January 2007

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            Series C-2013
    CUSIP NUMBER:                           912828BD1
    DATED DATE:                             July 15, 2003
    ORIGINAL ISSUE DATE:                    July 15, 2003
    ADDITIONAL ISSUE DATE:                  October 15, 2003
    MATURITY DATE:                          July 15, 2013
    Ref CPI on DATED DATE:                  183.66452
    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       1.09874
    January         2       2007    201.79032       1.09869
    January         3       2007    201.78065       1.09864
    January         4       2007    201.77097       1.09858
    January         5       2007    201.76129       1.09853
    January         6       2007    201.75161       1.09848
    January         7       2007    201.74194       1.09843
    January         8       2007    201.73226       1.09837
    January         9       2007    201.72258       1.09832
    January         10      2007    201.71290       1.09827
    January         11      2007    201.70323       1.09822
    January         12      2007    201.69355       1.09816
    January         13      2007    201.68387       1.09811
    January         14      2007    201.67419       1.09806
    January         15      2007    201.66452       1.09800
    January         16      2007    201.65484       1.09795
    January         17      2007    201.64516       1.09790
    January         18      2007    201.63548       1.09785
    January         19      2007    201.62581       1.09779
    January         20      2007    201.61613       1.09774
    January         21      2007    201.60645       1.09769
    January         22      2007    201.59677       1.09764
    January         23      2007    201.58710       1.09758
    January         24      2007    201.57742       1.09753
    January         25      2007    201.56774       1.09748
    January         26      2007    201.55806       1.09743
    January         27      2007    201.54839       1.09737
    January         28      2007    201.53871       1.09732
    January         29      2007    201.52903       1.09727
    January         30      2007    201.51935       1.09721
    January         31      2007    201.50968       1.09716