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<AuctionAnnouncement>
<SecurityTermWeekYear>29-YEAR</SecurityTermWeekYear>
<SecurityTermDayMonth>9-MONTH</SecurityTermDayMonth>
<SecurityType>BOND</SecurityType>
<CUSIP>912810PW2</CUSIP>
<AnnouncementDate>2008-04-30</AnnouncementDate>
<AuctionDate>2008-05-08</AuctionDate>
<IssueDate>2008-05-15</IssueDate>
<MaturityDate>2038-02-15</MaturityDate>
<OfferingAmount>6.0</OfferingAmount>
<CompetitiveTenderAccepted>Y</CompetitiveTenderAccepted>
<NonCompetitiveTenderAccepted>Y</NonCompetitiveTenderAccepted>
<TreasuryDirectTenderAccepted>Y</TreasuryDirectTenderAccepted>
<AllTenderAccepted>N</AllTenderAccepted>
<TypeOfAuction>SINGLE PRICE</TypeOfAuction>
<CompetitiveClosingTime>13:00</CompetitiveClosingTime>
<NonCompetitiveClosingTime>12:00</NonCompetitiveClosingTime>
<NetLongPositionReport>2100000000.0</NetLongPositionReport>
<MaxAward>2100000000</MaxAward>
<MaxSingleBid>2100000000</MaxSingleBid>
<CompetitiveBidDecimals>3</CompetitiveBidDecimals>
<CompetitiveBidIncrement>0.001</CompetitiveBidIncrement>
<AllocationPercentageDecimals>2</AllocationPercentageDecimals>
<MinBidAmount>100</MinBidAmount>
<MultiplesToBid>100</MultiplesToBid>
<MinToIssue>100</MinToIssue>
<MultiplesToIssue>100</MultiplesToIssue>
<MatureSecurityAmount>74004000000.0</MatureSecurityAmount>
<CurrentlyOutstanding>13294000000</CurrentlyOutstanding>
<SOMAIncluded>N</SOMAIncluded>
<SOMAHoldings>13233000000.0</SOMAHoldings>
<FIMAIncluded>Y</FIMAIncluded>
<Series>Bonds of February 2038</Series>
<InterestRate>4.375</InterestRate>
<FirstInterestPaymentDate>2008-08-15</FirstInterestPaymentDate>
<StandardInterestPayment>21.875</StandardInterestPayment>
<FrequencyInterestPayment>SEMI-ANNUAL</FrequencyInterestPayment>
<StrippableIndicator>Y</StrippableIndicator>
<MinStripAmount>100</MinStripAmount>
<CorpusCUSIP>912803DC4</CorpusCUSIP>
<TINTCUSIP1/>
<TINTCUSIP2/>
<ReOpeningIndicator>Y</ReOpeningIndicator>
<OriginalIssueDate>2008-02-15</OriginalIssueDate>
<BackDated>Y</BackDated>
<BackDatedDate>2008-02-15</BackDatedDate>
<LongShortNormalCoupon>N</LongShortNormalCoupon>
<LongShortCouponFirstIntPmt/>
<Callable>N</Callable>
<CallDate/>
<InflationIndexSecurity>N</InflationIndexSecurity>
<RefCPIDatedDate/>
<IndexRatioOnIssueDate/>
<CPIBasePeriod/>
<TIINConversionFactor/>
<AccruedInterest>10.81731</AccruedInterest>
<DatedDate>2008-02-15</DatedDate>
<AnnouncedCUSIP/>
<UnadjustedPrice/>
<UnadjustedAccruedInterest/>
<ScheduledPurchasesInTD/>
<AnnouncementPDFName/>
<OriginalDatedDate>2008-02-15</OriginalDatedDate>
<AdjustedAmountCurrentlyOutstanding/>
<NLPExclusionAmount>3200000000.0</NLPExclusionAmount>
<MaximumNonCompAward>5000000.0</MaximumNonCompAward>
<AdjustedAccruedInterest/>
</AuctionAnnouncement>
<AuctionResults>
<LongShortCouponFirstIntPmt/>
<PrimaryDealerTendered>14476000000</PrimaryDealerTendered>
<PrimaryDealerAccepted>5153282500</PrimaryDealerAccepted>
<DirectBidderTendered>69000000</DirectBidderTendered>
<DirectBidderAccepted>64000000</DirectBidderAccepted>
<IndirectBidderTendered>1594600000</IndirectBidderTendered>
<IndirectBidderAccepted>755600000</IndirectBidderAccepted>
<CompetitiveTendered>16139600000</CompetitiveTendered>
<CompetitiveAccepted>5972882500</CompetitiveAccepted>
<NonCompetitiveAccepted>27118000</NonCompetitiveAccepted>
<SOMATendered>3230769200</SOMATendered>
<SOMAAccepted>3230769200</SOMAAccepted>
<FIMATendered>0</FIMATendered>
<FIMAAccepted>0</FIMAAccepted>
<TotalTendered>19397487200</TotalTendered>
<TotalAccepted>9230769700</TotalAccepted>
<BidToCoverRatio>2.69</BidToCoverRatio>
<ReleaseTime>13:01</ReleaseTime>
<AmountAcceptedBelowLowRate>5</AmountAcceptedBelowLowRate>
<HighAllocationPercentage>21.13</HighAllocationPercentage>
<LowDiscountRate/>
<HighDiscountRate/>
<MedianDiscountRate/>
<LowYield>4.500</LowYield>
<HighYield>4.599</HighYield>
<MedianYield>4.564</MedianYield>
<LowPrice/>
<HighPrice>96.375954</HighPrice>
<MedianPrice/>
<TIINConversionFactor/>
<AccruedInterest>10.81731</AccruedInterest>
<StandardInterestPayment>21.875</StandardInterestPayment>
<InterestRate>4.375</InterestRate>
<OriginalCUSIP/>
<UnadjustedPrice/>
<UnadjustedAccruedInterest/>
<TreasuryDirectAccepted>18737000</TreasuryDirectAccepted>
<InvestmentRate/>
<AdjustedPrice/>
<AdjustedAccruedInterest/>
<IndexRatio/>
<ResultsPDFName>R_20080508_1.pdf</ResultsPDFName>
</AuctionResults>
</bpd:AuctionData>
