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

Ref CPI and Index Ratios for January 2008

    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:                  July 31, 2007
    MATURITY DATE:                          January 15, 2027
    Ref CPI on DATED DATE:                  201.66452
    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       1.03606
    January          2       2008    208.97603       1.03626
    January          3       2008    209.01606       1.03645
    January          4       2008    209.05610       1.03665
    January          5       2008    209.09613       1.03685
    January          6       2008    209.13616       1.03705
    January          7       2008    209.17619       1.03725
    January          8       2008    209.21623       1.03745
    January          9       2008    209.25626       1.03765
    January          10      2008    209.29629       1.03784
    January          11      2008    209.33632       1.03804
    January          12      2008    209.37635       1.03824
    January          13      2008    209.41639       1.03844
    January          14      2008    209.45642       1.03864
    January          15      2008    209.49645       1.03884
    January          16      2008    209.53648       1.03903
    January          17      2008    209.57652       1.03923
    January          18      2008    209.61655       1.03943
    January          19      2008    209.65658       1.03963
    January          20      2008    209.69661       1.03983
    January          21      2008    209.73665       1.04003
    January          22      2008    209.77668       1.04023
    January          23      2008    209.81671       1.04042
    January          24      2008    209.85674       1.04062
    January          25      2008    209.89677       1.04082
    January          26      2008    209.93681       1.04102
    January          27      2008    209.97684       1.04122
    January          28      2008    210.01687       1.04142
    January          29      2008    210.05690       1.04162
    January          30      2008    210.09694       1.04181
    January          31      2008    210.13697       1.04201