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2% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2014

Ref CPI and Index Ratios for July 2007

     Contact: Office of Financing            202-504-3550
     DESCRIPTION:                            Series A-2014
     CUSIP NUMBER:                           912828BW9
     DATED DATE:                             January 15, 2004
     ORIGINAL ISSUE DATE:                    January 15, 2004
     ADDITIONAL ISSUE DATE:                  April 15, 2004
     MATURITY DATE:                          January 15, 2014
     Ref CPI on DATED DATE:                  184.77419
     TABLE FOR MONTH OF:                     July 2007
     NUMBER OF DAYS IN MONTH:                31

     CPI-U (NSA) March 2007                  205.352
     CPI-U (NSA) April 2007                  206.686
     CPI-U (NSA) May 2007                    207.949

     Month   Calendar Day    Year    Ref CPI       Index Ratio

     July            1       2007    206.68600       1.11859
     July            2       2007    206.72674       1.11881
     July            3       2007    206.76748       1.11903
     July            4       2007    206.80823       1.11925
     July            5       2007    206.84897       1.11947
     July            6       2007    206.88971       1.11969
     July            7       2007    206.93045       1.11991
     July            8       2007    206.97119       1.12013
     July            9       2007    207.01194       1.12035
     July            10      2007    207.05268       1.12057
     July            11      2007    207.09342       1.12079
     July            12      2007    207.13416       1.12101
     July            13      2007    207.17490       1.12123
     July            14      2007    207.21565       1.12145
     July            15      2007    207.25639       1.12167
     July            16      2007    207.29713       1.12189
     July            17      2007    207.33787       1.12211
     July            18      2007    207.37861       1.12234
     July            19      2007    207.41935       1.12256
     July            20      2007    207.46010       1.12278
     July            21      2007    207.50084       1.12300
     July            22      2007    207.54158       1.12322
     July            23      2007    207.58232       1.12344
     July            24      2007    207.62306       1.12366
     July            25      2007    207.66381       1.12388
     July            26      2007    207.70455       1.12410
     July            27      2007    207.74529       1.12432
     July            28      2007    207.78603       1.12454
     July            29      2007    207.82677       1.12476
     July            30      2007    207.86752       1.12498
     July            31      2007    207.90826       1.12520