Fannie Mae Redemption

10 Oct 2008 14:00 Africa/Lagos

Fannie Mae Redemption

WASHINGTON, Oct. 10 /PRNewswire-FirstCall/ -- Fannie Mae (NYSE:FNM) will redeem the principal amount indicated for the following securities issue on the redemption date indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:

Principal Security Interest Maturity Date CUSIP Redemption Date
Amount Type Rate

$40,000,000 MTN 4.050% January 21, 2011 3136F9YK3 October 21,
2008
$250,000,000 MTN 4.710% October 22, 2009 31398AHQ8 October 22
2008
$50,000,000 MTN 5.125% April 22, 2011 3136F8UD5 October 22,
2008
$50,000,000 MTN 5.150% October 22, 2012 3136F8UJ2 October 22,
2008
$250,000,000 MTN 5.375% October 22, 2012 31398AHY1 October 22,
2008
$50,000,000 MTN 5.160% October 23, 2009 3136F74F1 October 23,
2008
$25,000,000 MTN 3.170% April 23, 2010 3136F9MB6 October 23,
2008
$25,000,000 MTN 3.270% April 23, 2010 3136F9MH3 October 23,
2008



Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. In 2008, we mark our 70th year of service to America's housing market. Our job is to help those who house America.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this press release constitutes advice on the merits of buying or selling a particular investment. Any investment decision as to any purchase of securities referred to herein must be made solely on the basis of information contained in Fannie Mae's applicable Offering Circular, and that no reliance may be placed on the completeness or accuracy of the information contained in this press release.

You should not deal in securities unless you understand their nature and the extent of your exposure to risk. You should be satisfied that they are suitable for you in the light of your circumstances and financial position. If you are in any doubt you should consult an appropriately qualified financial advisor.

Source: Fannie Mae
CONTACT: Latressa Cox of Fannie Mae, +1-202-752-6707
Web site: http://www.fanniemae.com/