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2% 20-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2026

Ref CPI and Index Ratios for July 2007

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            TIPS of January 2026
    CUSIP NUMBER:                           912810FS2
    DATED DATE:                             January 15, 2006
    ORIGINAL ISSUE DATE:                    January 31, 2006
    ADDITIONAL ISSUE DATE:                  July 31, 2006
    MATURITY DATE:                          January 15, 2026
    Ref CPI on DATED DATE:                  198.47742
    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       1.04136
    July            2       2007    206.72674       1.04156
    July            3       2007    206.76748       1.04177
    July            4       2007    206.80823       1.04197
    July            5       2007    206.84897       1.04218
    July            6       2007    206.88971       1.04238
    July            7       2007    206.93045       1.04259
    July            8       2007    206.97119       1.04279
    July            9       2007    207.01194       1.04300
    July            10      2007    207.05268       1.04321
    July            11      2007    207.09342       1.04341
    July            12      2007    207.13416       1.04362
    July            13      2007    207.17490       1.04382
    July            14      2007    207.21565       1.04403
    July            15      2007    207.25639       1.04423
    July            16      2007    207.29713       1.04444
    July            17      2007    207.33787       1.04464
    July            18      2007    207.37861       1.04485
    July            19      2007    207.41935       1.04505
    July            20      2007    207.46010       1.04526
    July            21      2007    207.50084       1.04546
    July            22      2007    207.54158       1.04567
    July            23      2007    207.58232       1.04587
    July            24      2007    207.62306       1.04608
    July            25      2007    207.66381       1.04628
    July            26      2007    207.70455       1.04649
    July            27      2007    207.74529       1.04669
    July            28      2007    207.78603       1.04690
    July            29      2007    207.82677       1.04711
    July            30      2007    207.86752       1.04731
    July            31      2007    207.90826       1.04752