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

Ref CPI and Index Ratios for November 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:                     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       1.18570
    November       2       2008    219.07590       1.18564
    November       3       2008    219.06580       1.18559
    November       4       2008    219.05570       1.18553
    November       5       2008    219.04560       1.18548
    November       6       2008    219.03550       1.18542
    November       7       2008    219.02540       1.18537
    November       8       2008    219.01530       1.18531
    November       9       2008    219.00520       1.18526
    November       10      2008    218.99510       1.18520
    November       11      2008    218.98500       1.18515
    November       12      2008    218.97490       1.18509
    November       13      2008    218.96480       1.18504
    November       14      2008    218.95470       1.18499
    November       15      2008    218.94460       1.18493
    November       16      2008    218.93450       1.18488
    November       17      2008    218.92440       1.18482
    November       18      2008    218.91430       1.18477
    November       19      2008    218.90420       1.18471
    November       20      2008    218.89410       1.18466
    November       21      2008    218.88400       1.18460
    November       22      2008    218.87390       1.18455
    November       23      2008    218.86380       1.18449
    November       24      2008    218.85370       1.18444
    November       25      2008    218.84360       1.18438
    November       26      2008    218.83350       1.18433
    November       27      2008    218.82340       1.18427
    November       28      2008    218.81330       1.18422
    November       29      2008    218.80320       1.18417
    November       30      2008    218.79310       1.18411