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2% 5-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due April 15, 2012

Ref CPI and Index Ratios for July 2007

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            Series J-2012
    CUSIP NUMBER:                           912828GN4
    DATED DATE:                             April 15, 2007
    ORIGINAL ISSUE DATE:                    April 30, 2007
    ADDITIONAL ISSUE DATE:                  N/A
    MATURITY DATE:                          April 15, 2012
    Ref CPI on DATED DATE:                  202.92140
    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       1.01855
    July            2       2007    206.72674       1.01875
    July            3       2007    206.76748       1.01895
    July            4       2007    206.80823       1.01915
    July            5       2007    206.84897       1.01936
    July            6       2007    206.88971       1.01956
    July            7       2007    206.93045       1.01976
    July            8       2007    206.97119       1.01996
    July            9       2007    207.01194       1.02016
    July            10      2007    207.05268       1.02036
    July            11      2007    207.09342       1.02056
    July            12      2007    207.13416       1.02076
    July            13      2007    207.17490       1.02096
    July            14      2007    207.21565       1.02116
    July            15      2007    207.25639       1.02136
    July            16      2007    207.29713       1.02156
    July            17      2007    207.33787       1.02176
    July            18      2007    207.37861       1.02197
    July            19      2007    207.41935       1.02217
    July            20      2007    207.46010       1.02237
    July            21      2007    207.50084       1.02257
    July            22      2007    207.54158       1.02277
    July            23      2007    207.58232       1.02297
    July            24      2007    207.62306       1.02317
    July            25      2007    207.66381       1.02337
    July            26      2007    207.70455       1.02357
    July            27      2007    207.74529       1.02377
    July            28      2007    207.78603       1.02397
    July            29      2007    207.82677       1.02417
    July            30      2007    207.86752       1.02437
    July            31      2007    207.90826       1.02458