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

Ref CPI and Index Ratios for January 2008

     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 2008
     NUMBER OF DAYS IN MONTH:                31

     CPI-U (NSA) September 2007              208.490
     CPI-U (NSA) October 2007                208.936
     CPI-U (NSA) November 2007               210.177

     Month   Calendar Day    Year    Ref CPI       Index Ratio

     January         1       2008    208.93600       1.13076
     January         2       2008    208.97603       1.13098
     January         3       2008    209.01606       1.13120
     January         4       2008    209.05610       1.13141
     January         5       2008    209.09613       1.13163
     January         6       2008    209.13616       1.13185
     January         7       2008    209.17619       1.13206
     January         8       2008    209.21623       1.13228
     January         9       2008    209.25626       1.13250
     January         10      2008    209.29629       1.13271
     January         11      2008    209.33632       1.13293
     January         12      2008    209.37635       1.13315
     January         13      2008    209.41639       1.13336
     January         14      2008    209.45642       1.13358
     January         15      2008    209.49645       1.13380
     January         16      2008    209.53648       1.13401
     January         17      2008    209.57652       1.13423
     January         18      2008    209.61655       1.13445
     January         19      2008    209.65658       1.13466
     January         20      2008    209.69661       1.13488
     January         21      2008    209.73665       1.13510
     January         22      2008    209.77668       1.13531
     January         23      2008    209.81671       1.13553
     January         24      2008    209.85674       1.13575
     January         25      2008    209.89677       1.13596
     January         26      2008    209.93681       1.13618
     January         27      2008    209.97684       1.13640
     January         28      2008    210.01687       1.13661
     January         29      2008    210.05690       1.13683
     January         30      2008    210.09694       1.13705
     January         31      2008    210.13697       1.13726