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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 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:                     March 2008
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) November 2007               210.177
    CPI-U (NSA) December 2007               210.036
    CPI-U (NSA) January 2008                211.080

    Month   Calendar Day    Year    Ref CPI       Index Ratio

    March           1       2008    210.03600       1.04151
    March           2       2008    210.06968       1.04168
    March           3       2008    210.10335       1.04185
    March           4       2008    210.13703       1.04201
    March           5       2008    210.17071       1.04218
    March           6       2008    210.20439       1.04235
    March           7       2008    210.23806       1.04251
    March           8       2008    210.27174       1.04268
    March           9       2008    210.30542       1.04285
    March           10      2008    210.33910       1.04301
    March           11      2008    210.37277       1.04318
    March           12      2008    210.40645       1.04335
    March           13      2008    210.44013       1.04352
    March           14      2008    210.47381       1.04368
    March           15      2008    210.50748       1.04385
    March           16      2008    210.54116       1.04402
    March           17      2008    210.57484       1.04418
    March           18      2008    210.60852       1.04435
    March           19      2008    210.64219       1.04452
    March           20      2008    210.67587       1.04468
    March           21      2008    210.70955       1.04485
    March           22      2008    210.74323       1.04502
    March           23      2008    210.77690       1.04519
    March           24      2008    210.81058       1.04535
    March           25      2008    210.84426       1.04552
    March           26      2008    210.87794       1.04569
    March           27      2008    210.91161       1.04585
    March           28      2008    210.94529       1.04602
    March           29      2008    210.97897       1.04619
    March           30      2008    211.01265       1.04635
    March           31      2008    211.04632       1.04652