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2-1/2% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due July 15, 2016

Ref CPI and Index Ratios for May 2008

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            D-2016
    CUSIP NUMBER:                           912828FL9
    DATED DATE:                             July 15, 2006
    ORIGINAL ISSUE DATE:                    July 17, 2006
    ADDITIONAL ISSUE DATE:                  October 16, 2006
    MATURITY DATE:                          July 15, 2016
    Ref CPI on DATED DATE:                  201.95161
    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       1.04824
    May            2       2008    211.75219       1.04853
    May            3       2008    211.81139       1.04882
    May            4       2008    211.87058       1.04912
    May            5       2008    211.92977       1.04941
    May            6       2008    211.98897       1.04970
    May            7       2008    212.04816       1.04999
    May            8       2008    212.10735       1.05029
    May            9       2008    212.16655       1.05058
    May            10      2008    212.22574       1.05087
    May            11      2008    212.28494       1.05117
    May            12      2008    212.34413       1.05146
    May            13      2008    212.40332       1.05175
    May            14      2008    212.46252       1.05205
    May            15      2008    212.52171       1.05234
    May            16      2008    212.58090       1.05263
    May            17      2008    212.64010       1.05293
    May            18      2008    212.69929       1.05322
    May            19      2008    212.75848       1.05351
    May            20      2008    212.81768       1.05381
    May            21      2008    212.87687       1.05410
    May            22      2008    212.93606       1.05439
    May            23      2008    212.99526       1.05468
    May            24      2008    213.05445       1.05498
    May            25      2008    213.11365       1.05527
    May            26      2008    213.17284       1.05556
    May            27      2008    213.23203       1.05586
    May            28      2008    213.29123       1.05615
    May            29      2008    213.35042       1.05644
    May            30      2008    213.40961       1.05674
    May            31      2008    213.46881       1.05703