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2-3/8% 20-1/2-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2025

Ref CPI and Index Ratios for June 2007

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            TIPS of January 2025
    CUSIP NUMBER:                           912810FR4
    DATED DATE:                             July 15, 2004
    ORIGINAL ISSUE DATE:                    July 30, 2004
    ADDITIONAL ISSUE DATE:                  January 31, 2005
                                            July 29, 2005
    MATURITY DATE:                          January 15, 2025
    Ref CPI on DATED DATE:                  188.49677
    TABLE FOR MONTH OF:                     June 2007
    NUMBER OF DAYS IN MONTH:                30

    CPI-U (NSA) February 2007               203.499
    CPI-U (NSA) March 2007                  205.352
    CPI-U (NSA) April 2007                  206.686

    Month   Calendar Day    Year    Ref CPI       Index Ratio

    June           1        2007    205.35200       1.08942
    June           2        2007    205.39647       1.08966
    June           3        2007    205.44093       1.08989
    June           4        2007    205.48540       1.09013
    June           5        2007    205.52987       1.09036
    June           6        2007    205.57433       1.09060
    June           7        2007    205.61880       1.09083
    June           8        2007    205.66327       1.09107
    June           9        2007    205.70773       1.09131
    June           10       2007    205.75220       1.09154
    June           11       2007    205.79667       1.09178
    June           12       2007    205.84113       1.09201
    June           13       2007    205.88560       1.09225
    June           14       2007    205.93007       1.09249
    June           15       2007    205.97453       1.09272
    June           16       2007    206.01900       1.09296
    June           17       2007    206.06347       1.09319
    June           18       2007    206.10793       1.09343
    June           19       2007    206.15240       1.09367
    June           20       2007    206.19687       1.09390
    June           21       2007    206.24133       1.09414
    June           22       2007    206.28580       1.09437
    June           23       2007    206.33027       1.09461
    June           24       2007    206.37473       1.09484
    June           25       2007    206.41920       1.09508
    June           26       2007    206.46367       1.09532
    June           27       2007    206.50813       1.09555
    June           28       2007    206.55260       1.09579
    June           29       2007    206.59707       1.09602
    June           30       2007    206.64153       1.09626