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2-3/8% 20 1/2-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2025

Ref CPI and Index Ratios for November 2008

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            TIPS of January 2025
    CUSIP NUMBER:                           912810FR4
    DATED DATE:                             July 15, 2004
    ORIGINAL ISSUE DATE:                    July 30, 2004
    ADDITIONAL ISSUE DATE:                  January 31, 2005
                                            July 29, 2005
    MATURITY DATE:                          January 15, 2025
    Ref CPI on DATED DATE:                  188.49677
    TABLE FOR MONTH OF:                     November 2008
    NUMBER OF DAYS IN MONTH:                30

    CPI-U (NSA) July 2008                   219.964
    CPI-U (NSA) August 2008                 219.086
    CPI-U (NSA) September 2008              218.783

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    November       1       2008    219.08600       1.16228
    November       2       2008    219.07590       1.16223
    November       3       2008    219.06580       1.16217
    November       4       2008    219.05570       1.16212
    November       5       2008    219.04560       1.16207
    November       6       2008    219.03550       1.16201
    November       7       2008    219.02540       1.16196
    November       8       2008    219.01530       1.16190
    November       9       2008    219.00520       1.16185
    November       10      2008    218.99510       1.16180
    November       11      2008    218.98500       1.16174
    November       12      2008    218.97490       1.16169
    November       13      2008    218.96480       1.16164
    November       14      2008    218.95470       1.16158
    November       15      2008    218.94460       1.16153
    November       16      2008    218.93450       1.16148
    November       17      2008    218.92440       1.16142
    November       18      2008    218.91430       1.16137
    November       19      2008    218.90420       1.16132
    November       20      2008    218.89410       1.16126
    November       21      2008    218.88400       1.16121
    November       22      2008    218.87390       1.16115
    November       23      2008    218.86380       1.16110
    November       24      2008    218.85370       1.16105
    November       25      2008    218.84360       1.16099
    November       26      2008    218.83350       1.16094
    November       27      2008    218.82340       1.16089
    November       28      2008    218.81330       1.16083
    November       29      2008    218.80320       1.16078
    November       30      2008    218.79310       1.16073