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Filed pursuant to Rule 433


CUSIP: 48245ABC4 ISIN: US48245ABC45		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 SEPTEMBER 26, 2007




Issuer: KfW		Title of Securities: USD $10,000,000 Floating Rate Callable Notes Due October 17, 2022

Aggregate Principal Amount: U.S.$10,000,000		Maturity Date: October 17, 2022

Original Issue Date: October 17, 2007		Initial Interest Rate: Floating Rate

Interest Commencement Date: October 17, 2007		First Interest Payment Date: April 17, 2008

		Final Redemption Price: 100.0%

Type of Floating Rate Note:

	x		Regular Floating Rate

			As defined below

Interest Rate Basis/Bases:

Other:

From the Original Issue Date to but excluding October 17, 2012, the Interest Rate will be calculated according to the following formula: 8.00% times (N/D)

From October 17, 2012 to but excluding October 17, 2017, the Interest Rate will be calculated according to the following formula: 10.00% times (N/D)

From October 17, 2017 to but excluding the Maturity Date, the Interest Rate will be calculated according to the following formula: 15.00% times (N/D)

Where:

“N” is the number of calendar days (including non Business Days) in an Interest Period for which 6-Month LIBOR is greater than or equal to 0.00% and less than or equal to 7.00% , subject to the Rate Cut-Off.

“D” is the total number of calendar days (including non Business Days) in such Interest Period.

“Interest Period” is the period from and including each Interest Payment Date (or the Original Issue Date, in the case of the first Interest Period) to but excluding the immediately following Interest Payment Date and thereafter any period from and including an Interest Payment Date to but excluding the next following Interest Payment Date (or the Maturity Date, in the case of the final Interest Period).

“6-Month LIBOR” is, for any Interest Reset Date, the rate for deposits in U.S. Dollars for a period of six months that appears on Reuters Page LIBOR01 as of 11:00 a.m. London time on such day (subject to the Rate Cut-Off). If 6-Month LIBOR cannot be determined on an Interest Reset Date, the Calculation Agent

will determine 6-Month LIBOR based on quotations from four major banks in the London interbank market, as described in the Prospectus, for deposits in U.S. dollars for a period of six months.

“Rate Cut-Off” means that (a) for each day in a Interest Period that is a Saturday, Sunday or a day which is not a New York and London Business Day, 6-Month LIBOR will be 6-Month LIBOR in effect on the immediately preceding New York and London Business Day, and (b) 6-Month LIBOR for each calendar day falling after the seventh New York and London Business Day immediately preceding the applicable Interest Payment Date (the “Rate Cut-Off Date”) up to but excluding the end of the same Interest Period will be 6-Month LIBOR in effect on the Rate Cut-Off Date.

“London Business Day” is any day except for Saturday, Sunday or a day on which commercial banks and foreign exchange markets settle payments and are open for general business in London.


		Spread: N.A.		Maximum Interest Rate: N.A.
		Spread Multiplier: N.A.		Minimum Interest Rate: 0.00%
		Index Maturity: N.A.

Interest Reset Period:

		x daily		o weekly		o monthly
		o quarterly		osemi-annually		o annually

Interest Reset Date(s): Each calendar day (on or after October 17, 2007), subject to the Rate Cut-Off, as set forth above.

Interest Determination Date(s): Each Interest Reset Date, subject to the Rate Cut-Off, as set forth above.

Interest Calculation Date(s): As provided in §3(F)(1) of the Conditions (unless otherwise specified), the seventh New York and London Business Day immediately preceding the applicable Interest Payment Date

Calculation Agent:

Other: Lehman Brothers Special Financing Inc.

Interest Payment Date(s): The 17th day of the following:

Each of the following two calendar months in each year: April and October

Redemption: x Yes o No

Redemption Date(s) (as provided in para. 2 of §7 of the Conditions): Each April 17^th and October 17^th, commencing October 17, 2008
Minimum Redemption Notice Period: 10 New York and London Business Days
Redemption Price (expressed as a percentage of the Aggregate Principal Amount to be
redeemed): 100.0%

Repayment: o Yes x No

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

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:

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

Total Amount of OID:
Yield to Maturity:
Initial Accrual Period OID:

Day Count Fraction: o Act/360 (as provided in §3(F)(3)(a) of the Conditions)

o Actual/Actual ISDA (as provided in §3(F)(3)(b) of the Conditions
x Other:

§3 (F) (3) of the Terms and Conditions shall be replaced as follows:

With respect to each Note, accrued interest is calculated by multiplying the principal amount of the Note by the interest rate applicable and the Day Count Fraction. For this purpose, “Day Count Fraction” means, in respect of any period of time from and including the first day of such period but excluding the last day of such period (the “Calculation Period”), the number of days in the Calculation Period divided by 360, the number of days to be calculated on the basis of a year of 360 days with 12 30-day months (unless (A) the last day of the Calculation Period is the 31st day of a month but the first day of the Calculation Period is a day other than the 30th or 31st day of a month, in which case the month that includes that last day shall not be considered to be shortened to a 30-day month, or (B) the last day of the Calculation Period is the last day of the month of February in which case the month of February shall not be considered to be lengthened to a 30-day month).

Business Day Convention (for Interest Payment Dates other than the Maturity Date):

As provided in §3(E) of the Conditions (unless otherwise specified:                     ):
x    Following Business Day Convention, no adjustment of Interest
o    Modified Following Business Day Convention, no adjustment of Interest

Price to Public: 100.0%, plus accrued interest, if any, from October 17, 2007

Dealers: Lehman Brothers 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 free 1-888-603-5847.

Prospectus Supplement and Prospectus