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

Ref CPI and Index Ratios for December 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:                     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       1.18406
    December       2       2008    218.71171       1.18367
    December       3       2008    218.64042       1.18328
    December       4       2008    218.56913       1.18290
    December       5       2008    218.49784       1.18251
    December       6       2008    218.42655       1.18213
    December       7       2008    218.35526       1.18174
    December       8       2008    218.28397       1.18136
    December       9       2008    218.21268       1.18097
    December       10      2008    218.14139       1.18058
    December       11      2008    218.07010       1.18020
    December       12      2008    217.99881       1.17981
    December       13      2008    217.92752       1.17943
    December       14      2008    217.85623       1.17904
    December       15      2008    217.78494       1.17865
    December       16      2008    217.71365       1.17827
    December       17      2008    217.64235       1.17788
    December       18      2008    217.57106       1.17750
    December       19      2008    217.49977       1.17711
    December       20      2008    217.42848       1.17673
    December       21      2008    217.35719       1.17634
    December       22      2008    217.28590       1.17595
    December       23      2008    217.21461       1.17557
    December       24      2008    217.14332       1.17518
    December       25      2008    217.07203       1.17480
    December       26      2008    217.00074       1.17441
    December       27      2008    216.92945       1.17402
    December       28      2008    216.85816       1.17364
    December       29      2008    216.78687       1.17325
    December       30      2008    216.71558       1.17287
    December       31      2008    216.64429       1.17248