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1-7/8% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due July 15, 2013

Ref CPI and Index Ratios for July 2007

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            Series C-2013
    CUSIP NUMBER:                           912828BD1
    DATED DATE:                             July 15, 2003
    ORIGINAL ISSUE DATE:                    July 15, 2003
    ADDITIONAL ISSUE DATE:                  October 15, 2003
    MATURITY DATE:                          July 15, 2013
    Ref CPI on DATED DATE:                  183.66452
    TABLE FOR MONTH OF:                     July 2007
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) March 2007                  205.352
    CPI-U (NSA) April 2007                  206.686
    CPI-U (NSA) May 2007                    207.949

    Month   Calendar Day    Year    Ref CPI       Index Ratio

    July            1       2007    206.68600       1.12535
    July            2       2007    206.72674       1.12557
    July            3       2007    206.76748       1.12579
    July            4       2007    206.80823       1.12601
    July            5       2007    206.84897       1.12623
    July            6       2007    206.88971       1.12645
    July            7       2007    206.93045       1.12668
    July            8       2007    206.97119       1.12690
    July            9       2007    207.01194       1.12712
    July            10      2007    207.05268       1.12734
    July            11      2007    207.09342       1.12756
    July            12      2007    207.13416       1.12779
    July            13      2007    207.17490       1.12801
    July            14      2007    207.21565       1.12823
    July            15      2007    207.25639       1.12845
    July            16      2007    207.29713       1.12867
    July            17      2007    207.33787       1.12889
    July            18      2007    207.37861       1.12912
    July            19      2007    207.41935       1.12934
    July            20      2007    207.46010       1.12956
    July            21      2007    207.50084       1.12978
    July            22      2007    207.54158       1.13000
    July            23      2007    207.58232       1.13023
    July            24      2007    207.62306       1.13045
    July            25      2007    207.66381       1.13067
    July            26      2007    207.70455       1.13089
    July            27      2007    207.74529       1.13111
    July            28      2007    207.78603       1.13133
    July            29      2007    207.82677       1.13156
    July            30      2007    207.86752       1.13178
    July            31      2007    207.90826       1.13200