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

Ref CPI and Index Ratios for January 2008

    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:                     January 2008
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) September 2007              208.490
    CPI-U (NSA) October 2007                208.936
    CPI-U (NSA) November 2007               210.177

    Month   Calendar Day    Year    Ref CPI       Index Ratio

    January         1       2008    208.93600       1.10843
    January         2       2008    208.97603       1.10865
    January         3       2008    209.01606       1.10886
    January         4       2008    209.05610       1.10907
    January         5       2008    209.09613       1.10928
    January         6       2008    209.13616       1.10949
    January         7       2008    209.17619       1.10971
    January         8       2008    209.21623       1.10992
    January         9       2008    209.25626       1.11013
    January         10      2008    209.29629       1.11034
    January         11      2008    209.33632       1.11056
    January         12      2008    209.37635       1.11077
    January         13      2008    209.41639       1.11098
    January         14      2008    209.45642       1.11119
    January         15      2008    209.49645       1.11141
    January         16      2008    209.53648       1.11162
    January         17      2008    209.57652       1.11183
    January         18      2008    209.61655       1.11204
    January         19      2008    209.65658       1.11226
    January         20      2008    209.69661       1.11247
    January         21      2008    209.73665       1.11268
    January         22      2008    209.77668       1.11289
    January         23      2008    209.81671       1.11311
    January         24      2008    209.85674       1.11332
    January         25      2008    209.89677       1.11353
    January         26      2008    209.93681       1.11374
    January         27      2008    209.97684       1.11395
    January         28      2008    210.01687       1.11417
    January         29      2008    210.05690       1.11438
    January         30      2008    210.09694       1.11459
    January         31      2008    210.13697       1.11480