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1-3/4% 20-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2028

Ref CPI and Index Ratios for May 2008

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            TIPS of January 2028
    CUSIP NUMBER:                           912810PV4
    DATED DATE:                             January 15, 2008
    ORIGINAL ISSUE DATE:                    January 31, 2008
    AUCTION DATE:                           January 24, 2008
    MATURITY DATE:                          January 15, 2028
    Ref CPI on DATED DATE:                  209.49645
    TABLE FOR MONTH OF:                     May 2008
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) January 2008                211.080
    CPI-U (NSA) February 2008               211.693
    CPI-U (NSA) March 2008                  213.528

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    May            1       2008    211.69300       1.01048
    May            2       2008    211.75219       1.01077
    May            3       2008    211.81139       1.01105
    May            4       2008    211.87058       1.01133
    May            5       2008    211.92977       1.01162
    May            6       2008    211.98897       1.01190
    May            7       2008    212.04816       1.01218
    May            8       2008    212.10735       1.01246
    May            9       2008    212.16655       1.01275
    May            10      2008    212.22574       1.01303
    May            11      2008    212.28494       1.01331
    May            12      2008    212.34413       1.01359
    May            13      2008    212.40332       1.01388
    May            14      2008    212.46252       1.01416
    May            15      2008    212.52171       1.01444
    May            16      2008    212.58090       1.01472
    May            17      2008    212.64010       1.01501
    May            18      2008    212.69929       1.01529
    May            19      2008    212.75848       1.01557
    May            20      2008    212.81768       1.01585
    May            21      2008    212.87687       1.01614
    May            22      2008    212.93606       1.01642
    May            23      2008    212.99526       1.01670
    May            24      2008    213.05445       1.01698
    May            25      2008    213.11365       1.01727
    May            26      2008    213.17284       1.01755
    May            27      2008    213.23203       1.01783
    May            28      2008    213.29123       1.01811
    May            29      2008    213.35042       1.01840
    May            30      2008    213.40961       1.01868
    May            31      2008    213.46881       1.01896