CUSIP: 48245ABQ3
ISIN: US48245ABQ31 Filed pursuant to Rule 433
Registration No. 333-141868
(Relating to Prospectus Supplement dated April 9, 2007
and Prospectus dated April 9, 2007)

KFW US MTN

FINAL TERM SHEET

Dated April 29, 2008

Issuer: KfW	Title of Securities: U.S.$250,000,000 3.05% Callable Notes Due November 7, 2009
Aggregate Principal Amount: U.S.$250,000,000	Interest Rate: 3.05% per annum
Original Issue Date: May 7, 2008	Maturity Date: November 7, 2009
Interest Commencement Date: May 7, 2008	Final Redemption Price: 100%

Payments:

First Interest Payment Date: November 7, 2008
Interest Payment Date(s): Semi-annually in arrears on November 7th, 2008, May 7th, 2009
and November 7th, 2009

Redemption: þ Yes     o No

Redemption Commencement Date (as provided in para. 3 of §7 of the Conditions): N/A
Redemption Date(s) (as provided in para. 2 of §7 of the Conditions): November 7, 2008
Minimum Redemption Notice Period: 10 Business Days
Redemption Price (expressed as a percentage of the Aggregate Principal Amount to be redeemed): 100%

Repayment: o Yes     þ No

Repayment Date(s): N/A
Minimum Repayment Notice Period: N/A
Repayment Price (expressed as a percentage of the Aggregate Principal Amount to be repaid): N/A

Specified Currency: U.S. dollars for all payments unless otherwise specified below:

Payments of principal and any premium:
Payments of interest:
Authorized Denomination: U.S.$1,000
Exchange Rate Agent: N/A

Original Issue Discount Note (“OID”): o Yes     þ No

Total Amount of OID: N/A
Yield to Maturity: N/A
Initial Accrual Period OID: N/A

Day Count Fraction: 30/360 (as provided in para. 2 of §3 of the Conditions)

Business Day Convention: Following Business Day Convention; no adjustment of interest (as provided in para. “Payments due on a Business Day” of §5 of the Conditions)

Other Terms of Notes:

Price to Public: Variable price re-offer, plus accrued interest, if any, from May 7, 2008. In no event will the re-offer price cause the Notes to have greater than de minimis Original Issue Discount (OID).

Dealers: Greenwich Capital Markets, Inc.

     Terms left blank or marked “N/A,” “No,” “None” or in a similar manner shall not apply to the issue of Notes except as may otherwise be specified.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov. Alternatively, any dealer participating in the offering will arrange to send you the prospectus, which you may request by calling toll-free 1-866-884 2071.

Prospectus Supplement and Prospectus