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

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

    CPI-U (NSA) March 2008                  213.528
    CPI-U (NSA) April 2008                  214.823
    CPI-U (NSA) May 2008                    216.632

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    July           1       2008    214.82300       1.16262
    July           2       2008    214.88135       1.16294
    July           3       2008    214.93971       1.16326
    July           4       2008    214.99806       1.16357
    July           5       2008    215.05642       1.16389
    July           6       2008    215.11477       1.16420
    July           7       2008    215.17313       1.16452
    July           8       2008    215.23148       1.16484
    July           9       2008    215.28984       1.16515
    July           10      2008    215.34819       1.16547
    July           11      2008    215.40655       1.16578
    July           12      2008    215.46490       1.16610
    July           13      2008    215.52326       1.16641
    July           14      2008    215.58161       1.16673
    July           15      2008    215.63997       1.16705
    July           16      2008    215.69832       1.16736
    July           17      2008    215.75668       1.16768
    July           18      2008    215.81503       1.16799
    July           19      2008    215.87339       1.16831
    July           20      2008    215.93174       1.16863
    July           21      2008    215.99010       1.16894
    July           22      2008    216.04845       1.16926
    July           23      2008    216.10681       1.16957
    July           24      2008    216.16516       1.16989
    July           25      2008    216.22352       1.17020
    July           26      2008    216.28187       1.17052
    July           27      2008    216.34023       1.17084
    July           28      2008    216.39858       1.17115
    July           29      2008    216.45694       1.17147
    July           30      2008    216.51529       1.17178
    July           31      2008    216.57365       1.17210