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

Ref CPI and Index Ratios for December 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:                     December 2008
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) August 2008                 219.086
    CPI-U (NSA) September 2008              218.783
    CPI-U (NSA) October 2008                216.573

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    December       1       2008    218.78300       1.04433
    December       2       2008    218.71171       1.04399
    December       3       2008    218.64042       1.04365
    December       4       2008    218.56913       1.04331
    December       5       2008    218.49784       1.04297
    December       6       2008    218.42655       1.04263
    December       7       2008    218.35526       1.04229
    December       8       2008    218.28397       1.04195
    December       9       2008    218.21268       1.04161
    December       10      2008    218.14139       1.04127
    December       11      2008    218.07010       1.04093
    December       12      2008    217.99881       1.04058
    December       13      2008    217.92752       1.04024
    December       14      2008    217.85623       1.03990
    December       15      2008    217.78494       1.03956
    December       16      2008    217.71365       1.03922
    December       17      2008    217.64235       1.03888
    December       18      2008    217.57106       1.03854
    December       19      2008    217.49977       1.03820
    December       20      2008    217.42848       1.03786
    December       21      2008    217.35719       1.03752
    December       22      2008    217.28590       1.03718
    December       23      2008    217.21461       1.03684
    December       24      2008    217.14332       1.03650
    December       25      2008    217.07203       1.03616
    December       26      2008    217.00074       1.03582
    December       27      2008    216.92945       1.03548
    December       28      2008    216.85816       1.03514
    December       29      2008    216.78687       1.03480
    December       30      2008    216.71558       1.03446
    December       31      2008    216.64429       1.03412