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2% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2014

Ref CPI and Index Ratios for May 2008

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            A-2014
    CUSIP NUMBER:                           912828BW9
    DATED DATE:                             January 15, 2004
    ORIGINAL ISSUE DATE:                    January 15, 2004
    ADDITIONAL ISSUE DATE:                  April 15, 2004
    MATURITY DATE:                          January 15, 2014
    Ref CPI on DATED DATE:                  184.77419
    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       1.14568
    May            2       2008    211.75219       1.14601
    May            3       2008    211.81139       1.14633
    May            4       2008    211.87058       1.14665
    May            5       2008    211.92977       1.14697
    May            6       2008    211.98897       1.14729
    May            7       2008    212.04816       1.14761
    May            8       2008    212.10735       1.14793
    May            9       2008    212.16655       1.14825
    May            10      2008    212.22574       1.14857
    May            11      2008    212.28494       1.14889
    May            12      2008    212.34413       1.14921
    May            13      2008    212.40332       1.14953
    May            14      2008    212.46252       1.14985
    May            15      2008    212.52171       1.15017
    May            16      2008    212.58090       1.15049
    May            17      2008    212.64010       1.15081
    May            18      2008    212.69929       1.15113
    May            19      2008    212.75848       1.15145
    May            20      2008    212.81768       1.15177
    May            21      2008    212.87687       1.15209
    May            22      2008    212.93606       1.15241
    May            23      2008    212.99526       1.15273
    May            24      2008    213.05445       1.15305
    May            25      2008    213.11365       1.15337
    May            26      2008    213.17284       1.15369
    May            27      2008    213.23203       1.15401
    May            28      2008    213.29123       1.15433
    May            29      2008    213.35042       1.15465
    May            30      2008    213.40961       1.15498
    May            31      2008    213.46881       1.15530