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

Ref CPI and Index Ratios for July 2007

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            Series D-2014
    CUSIP NUMBER:                           912828CP3
    DATED DATE:                             July 15, 2004
    ORIGINAL ISSUE DATE:                    July 15, 2004
    ADDITIONAL ISSUE DATE:                  October 15, 2004
    MATURITY DATE:                          July 15, 2014
    Ref CPI on DATED DATE:                  188.49677
    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       1.09650
    July            2       2007    206.72674       1.09671
    July            3       2007    206.76748       1.09693
    July            4       2007    206.80823       1.09714
    July            5       2007    206.84897       1.09736
    July            6       2007    206.88971       1.09758
    July            7       2007    206.93045       1.09779
    July            8       2007    206.97119       1.09801
    July            9       2007    207.01194       1.09823
    July            10      2007    207.05268       1.09844
    July            11      2007    207.09342       1.09866
    July            12      2007    207.13416       1.09887
    July            13      2007    207.17490       1.09909
    July            14      2007    207.21565       1.09931
    July            15      2007    207.25639       1.09952
    July            16      2007    207.29713       1.09974
    July            17      2007    207.33787       1.09995
    July            18      2007    207.37861       1.10017
    July            19      2007    207.41935       1.10039
    July            20      2007    207.46010       1.10060
    July            21      2007    207.50084       1.10082
    July            22      2007    207.54158       1.10104
    July            23      2007    207.58232       1.10125
    July            24      2007    207.62306       1.10147
    July            25      2007    207.66381       1.10168
    July            26      2007    207.70455       1.10190
    July            27      2007    207.74529       1.10212
    July            28      2007    207.78603       1.10233
    July            29      2007    207.82677       1.10255
    July            30      2007    207.86752       1.10276
    July            31      2007    207.90826       1.10298