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

Ref CPI and Index Ratios for July 2006

    Contact: Office of Financing       202-504-3550
    DESCRIPTION:                          Series D-2014
    CUSIP NUMBER:                         912828CP3
    DATED DATE:                           July 15, 2004
    ORIGINAL ISSUE DATE:                  July 15, 2004
    ADDITIONAL ISSUE DATE:                October 15, 2004
    MATURITY DATE:                        July 15, 2014
    Ref CPI on DATED DATE:                188.49677
    TABLE FOR MONTH OF:                   July 2006
    NUMBER OF DAYS IN MONTH:              31

    CPI-U (NSA) March 2006                199.8
    CPI-U (NSA) April 2006                201.5
    CPI-U (NSA) May 2006                  202.5

    Month   Calendar Day    Year    Ref CPI       Index Ratio

    July            1       2006    201.50000       1.06898
    July            2       2006    201.53226       1.06915
    July            3       2006    201.56452       1.06933
    July            4       2006    201.59677       1.06950
    July            5       2006    201.62903       1.06967
    July            6       2006    201.66129       1.06984
    July            7       2006    201.69355       1.07001
    July            8       2006    201.72581       1.07018
    July            9       2006    201.75806       1.07035
    July            10      2006    201.79032       1.07052
    July            11      2006    201.82258       1.07070
    July            12      2006    201.85484       1.07087
    July            13      2006    201.88710       1.07104
    July            14      2006    201.91935       1.07121
    July            15      2006    201.95161       1.07138
    July            16      2006    201.98387       1.07155
    July            17      2006    202.01613       1.07172
    July            18      2006    202.04839       1.07189
    July            19      2006    202.08065       1.07206
    July            20      2006    202.11290       1.07224
    July            21      2006    202.14516       1.07241
    July            22      2006    202.17742       1.07258
    July            23      2006    202.20968       1.07275
    July            24      2006    202.24194       1.07292
    July            25      2006    202.27419       1.07309
    July            26      2006    202.30645       1.07326
    July            27      2006    202.33871       1.07343
    July            28      2006    202.37097       1.07360
    July            29      2006    202.40323       1.07378
    July            30      2006    202.43548       1.07395
    July            31      2006    202.46774       1.07412