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

Ref CPI and Index Ratios for January 2007

    Contact: Office of Financing             202-504-3550
     DESCRIPTION:                            Series 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:                     January 2007
     NUMBER OF DAYS IN MONTH:                31

     CPI-U (NSA) September 2006              202.9
     CPI-U (NSA) October 2006                201.8
     CPI-U (NSA) November 2006               201.5

     Month   Calendar Day    Year    Ref CPI       Index Ratio

     January         1       2007    201.80000       1.09214
     January         2       2007    201.79032       1.09209
     January         3       2007    201.78065       1.09204
     January         4       2007    201.77097       1.09199
     January         5       2007    201.76129       1.09193
     January         6       2007    201.75161       1.09188
     January         7       2007    201.74194       1.09183
     January         8       2007    201.73226       1.09178
     January         9       2007    201.72258       1.09172
     January         10      2007    201.71290       1.09167
     January         11      2007    201.70323       1.09162
     January         12      2007    201.69355       1.09157
     January         13      2007    201.68387       1.09152
     January         14      2007    201.67419       1.09146
     January         15      2007    201.66452       1.09141
     January         16      2007    201.65484       1.09136
     January         17      2007    201.64516       1.09131
     January         18      2007    201.63548       1.09125
     January         19      2007    201.62581       1.09120
     January         20      2007    201.61613       1.09115
     January         21      2007    201.60645       1.09110
     January         22      2007    201.59677       1.09104
     January         23      2007    201.58710       1.09099
     January         24      2007    201.57742       1.09094
     January         25      2007    201.56774       1.09089
     January         26      2007    201.55806       1.09083
     January         27      2007    201.54839       1.09078
     January         28      2007    201.53871       1.09073
     January         29      2007    201.52903       1.09068
     January         30      2007    201.51935       1.09062
     January         31      2007    201.50968       1.09057