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2% 20-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2026

Ref CPI and Index Ratios for May 2007

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            TIPS of January 2026
    CUSIP NUMBER:                           912810FS2
    DATED DATE:                             January 15, 2006
    ORIGINAL ISSUE DATE:                    January 31, 2006
    ADDITIONAL ISSUE DATE:                  July 31, 2006
    MATURITY DATE:                          January 15, 2026
    Ref CPI on DATED DATE:                  198.47742
    TABLE FOR MONTH OF:                     May 2007
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) January 2007                202.416
    CPI-U (NSA) February 2007               203.499
    CPI-U (NSA) March 2007                  205.352

    Month   Calendar Day    Year    Ref CPI       Index Ratio

    May             1       2007    203.49900       1.02530
    May             2       2007    203.55877       1.02560
    May             3       2007    203.61855       1.02590
    May             4       2007    203.67832       1.02620
    May             5       2007    203.73810       1.02651
    May             6       2007    203.79787       1.02681
    May             7       2007    203.85765       1.02711
    May             8       2007    203.91742       1.02741
    May             9       2007    203.97719       1.02771
    May             10      2007    204.03697       1.02801
    May             11      2007    204.09674       1.02831
    May             12      2007    204.15652       1.02861
    May             13      2007    204.21629       1.02891
    May             14      2007    204.27606       1.02922
    May             15      2007    204.33584       1.02952
    May             16      2007    204.39561       1.02982
    May             17      2007    204.45539       1.03012
    May             18      2007    204.51516       1.03042
    May             19      2007    204.57494       1.03072
    May             20      2007    204.63471       1.03102
    May             21      2007    204.69448       1.03132
    May             22      2007    204.75426       1.03162
    May             23      2007    204.81403       1.03193
    May             24      2007    204.87381       1.03223
    May             25      2007    204.93358       1.03253
    May             26      2007    204.99335       1.03283
    May             27      2007    205.05313       1.03313
    May             28      2007    205.11290       1.03343
    May             29      2007    205.17268       1.03373
    May             30      2007    205.23245       1.03403
    May             31      2007    205.29223       1.03434