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

Ref CPI and Index Ratios for November 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:                     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       1.08639
    November       2       2008    219.07590       1.08634
    November       3       2008    219.06580       1.08629
    November       4       2008    219.05570       1.08624
    November       5       2008    219.04560       1.08619
    November       6       2008    219.03550       1.08614
    November       7       2008    219.02540       1.08609
    November       8       2008    219.01530       1.08604
    November       9       2008    219.00520       1.08599
    November       10      2008    218.99510       1.08594
    November       11      2008    218.98500       1.08589
    November       12      2008    218.97490       1.08584
    November       13      2008    218.96480       1.08579
    November       14      2008    218.95470       1.08574
    November       15      2008    218.94460       1.08569
    November       16      2008    218.93450       1.08564
    November       17      2008    218.92440       1.08559
    November       18      2008    218.91430       1.08554
    November       19      2008    218.90420       1.08549
    November       20      2008    218.89410       1.08544
    November       21      2008    218.88400       1.08539
    November       22      2008    218.87390       1.08534
    November       23      2008    218.86380       1.08529
    November       24      2008    218.85370       1.08524
    November       25      2008    218.84360       1.08519
    November       26      2008    218.83350       1.08514
    November       27      2008    218.82340       1.08509
    November       28      2008    218.81330       1.08504
    November       29      2008    218.80320       1.08499
    November       30      2008    218.79310       1.08494