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

Ref CPI and Index Ratios for June 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:                     June 2008
    NUMBER OF DAYS IN MONTH:                30

    CPI-U (NSA) February 2008               211.693
    CPI-U (NSA) March 2008                  213.528
    CPI-U (NSA) April 2008                  214.823

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    June           1       2008    213.52800       1.01924
    June           2       2008    213.57117       1.01945
    June           3       2008    213.61433       1.01966
    June           4       2008    213.65750       1.01986
    June           5       2008    213.70067       1.02007
    June           6       2008    213.74383       1.02027
    June           7       2008    213.78700       1.02048
    June           8       2008    213.83017       1.02069
    June           9       2008    213.87333       1.02089
    June           10      2008    213.91650       1.02110
    June           11      2008    213.95967       1.02130
    June           12      2008    214.00283       1.02151
    June           13      2008    214.04600       1.02172
    June           14      2008    214.08917       1.02192
    June           15      2008    214.13233       1.02213
    June           16      2008    214.17550       1.02233
    June           17      2008    214.21867       1.02254
    June           18      2008    214.26183       1.02275
    June           19      2008    214.30500       1.02295
    June           20      2008    214.34817       1.02316
    June           21      2008    214.39133       1.02336
    June           22      2008    214.43450       1.02357
    June           23      2008    214.47767       1.02378
    June           24      2008    214.52083       1.02398
    June           25      2008    214.56400       1.02419
    June           26      2008    214.60717       1.02440
    June           27      2008    214.65033       1.02460
    June           28      2008    214.69350       1.02481
    June           29      2008    214.73667       1.02501
    June           30      2008    214.77983       1.02522