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

Ref CPI and Index Ratios for November 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
    ADDITIONAL ISSUE DATE:                  July 31, 2008
    MATURITY DATE:                          January 15, 2028
    Ref CPI on DATED DATE:                  209.49645
    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       1.04577
    November       2       2008    219.07590       1.04573
    November       3       2008    219.06580       1.04568
    November       4       2008    219.05570       1.04563
    November       5       2008    219.04560       1.04558
    November       6       2008    219.03550       1.04553
    November       7       2008    219.02540       1.04549
    November       8       2008    219.01530       1.04544
    November       9       2008    219.00520       1.04539
    November       10      2008    218.99510       1.04534
    November       11      2008    218.98500       1.04529
    November       12      2008    218.97490       1.04524
    November       13      2008    218.96480       1.04520
    November       14      2008    218.95470       1.04515
    November       15      2008    218.94460       1.04510
    November       16      2008    218.93450       1.04505
    November       17      2008    218.92440       1.04500
    November       18      2008    218.91430       1.04495
    November       19      2008    218.90420       1.04491
    November       20      2008    218.89410       1.04486
    November       21      2008    218.88400       1.04481
    November       22      2008    218.87390       1.04476
    November       23      2008    218.86380       1.04471
    November       24      2008    218.85370       1.04467
    November       25      2008    218.84360       1.04462
    November       26      2008    218.83350       1.04457
    November       27      2008    218.82340       1.04452
    November       28      2008    218.81330       1.04447
    November       29      2008    218.80320       1.04442
    November       30      2008    218.79310       1.04438