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2-3/8% 20-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2027

Ref CPI and Index Ratios for March 2007

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            TIPS of January 2027
    CUSIP NUMBER:                           912810PS1
    DATED DATE:                             January 15, 2007
    ORIGINAL ISSUE DATE:                    January 31, 2007
    ADDITIONAL ISSUE DATE:                  N/A
    MATURITY DATE:                          January 15, 2027
    Ref CPI on DATED DATE:                  201.66452
    TABLE FOR MONTH OF:                     March 2007
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) November 2006               201.5
    CPI-U (NSA) December 2006               201.8
    CPI-U (NSA) January 2007                202.416

    Month    Calendar Day   Year    Ref CPI       Index Ratio

    March           1       2007    201.80000       1.00067
    March           2       2007    201.81987       1.00077
    March           3       2007    201.83974       1.00087
    March           4       2007    201.85961       1.00097
    March           5       2007    201.87948       1.00107
    March           6       2007    201.89935       1.00116
    March           7       2007    201.91923       1.00126
    March           8       2007    201.93910       1.00136
    March           9       2007    201.95897       1.00146
    March           10      2007    201.97884       1.00156
    March           11      2007    201.99871       1.00166
    March           12      2007    202.01858       1.00176
    March           13      2007    202.03845       1.00185
    March           14      2007    202.05832       1.00195
    March           15      2007    202.07819       1.00205
    March           16      2007    202.09806       1.00215
    March           17      2007    202.11794       1.00225
    March           18      2007    202.13781       1.00235
    March           19      2007    202.15768       1.00245
    March           20      2007    202.17755       1.00254
    March           21      2007    202.19742       1.00264
    March           22      2007    202.21729       1.00274
    March           23      2007    202.23716       1.00284
    March           24      2007    202.25703       1.00294
    March           25      2007    202.27690       1.00304
    March           26      2007    202.29677       1.00314
    March           27      2007    202.31665       1.00323
    March           28      2007    202.33652       1.00333
    March           29      2007    202.35639       1.00343
    March           30      2007    202.37626       1.00353
    March           31      2007    202.39613       1.00363