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2-3/8% 20-1/2-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2025

Ref CPI and Index Ratios for April 2007

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            TIPS of January 2025
    CUSIP NUMBER:                           912810FR4
    DATED DATE:                             July 15, 2004
    ORIGINAL ISSUE DATE:                    July 30, 2004
    ADDITIONAL ISSUE DATE:                  January 31, 2005
                                            July 29,2005
    MATURITY DATE:                          January 15, 2025
    Ref CPI on DATED DATE:                  188.49677
    TABLE FOR MONTH OF:                     April 2007
    NUMBER OF DAYS IN MONTH:                30

    CPI-U (NSA) December 2006               201.8
    CPI-U (NSA) January 2007                202.416
    CPI-U (NSA) February 2007               203.499

    Month   Calendar Day   Year    Ref CPI       Index Ratio

    April          1       2007    202.41600       1.07384
    April          2       2007    202.45210       1.07403
    April          3       2007    202.48820       1.07423
    April          4       2007    202.52430       1.07442
    April          5       2007    202.56040       1.07461
    April          6       2007    202.59650       1.07480
    April          7       2007    202.63260       1.07499
    April          8       2007    202.66870       1.07518
    April          9       2007    202.70480       1.07538
    April          10      2007    202.74090       1.07557
    April          11      2007    202.77700       1.07576
    April          12      2007    202.81310       1.07595
    April          13      2007    202.84920       1.07614
    April          14      2007    202.88530       1.07633
    April          15      2007    202.92140       1.07652
    April          16      2007    202.95750       1.07672
    April          17      2007    202.99360       1.07691
    April          18      2007    203.02970       1.07710
    April          19      2007    203.06580       1.07729
    April          20      2007    203.10190       1.07748
    April          21      2007    203.13800       1.07767
    April          22      2007    203.17410       1.07787
    April          23      2007    203.21020       1.07806
    April          24      2007    203.24630       1.07825
    April          25      2007    203.28240       1.07844
    April          26      2007    203.31850       1.07863
    April          27      2007    203.35460       1.07882
    April          28      2007    203.39070       1.07901
    April          29      2007    203.42680       1.07921
    April          30      2007    203.46290       1.07940