'Fannie Mae Again Ranks in Top Ten of the Best Companies for Working Mothers,' Says Working Mother Magazine; Flexibility, Pay, and Advancement for Women are Cited.

Business Editors

WASHINGTON--(BUSINESS WIRE)--Sept. 5, 2000

Job flexibility, competitive pay, and strong career advancement opportunities have again earned Fannie Mae (NYSE:FNM
FNM Free National Movement (Bahamas)
FNM Foot and Mouth ), the nation's largest source of financing for home mortgages, a place among the top ten in the list of "100 Best Companies for Working Mothers" announced Working Mother magazine today.

The magazine's 15th annual ranking of leading companies found that companies are becoming more creative and proactive in finding ways to help employees balance their work/life needs. The rankings are printed in the October issue of Working Mother, now on newsstands.

"Fannie Mae's family-friendly benefits and commitment to providing career development opportunities allow the company to attract and retain the best talent, which contributes greatly to our business success," said Jamie Gorelick, vice chair of Fannie Mae. "We train company leaders to unleash the potential of all employees, while giving them the support they need to succeed in all stages of their work and life. We think it's a formula that works for all employees, including women, who make up nearly 55 percent of our work force, and almost 45 percent of our management group."

Fannie Mae provides an array of family-friendly benefits that help women maintain a healthy work/life balance. Those benefits include an on-site elder care consultant who can provide employees with individualized plans and step-by-step assistance to help them meet the needs of aging parents or relatives.

The company offers maternity and paternity leave, adoption assistance, an on-site emergency child-care center and dependent care assistance. Fannie Mae also offers flexible work options such as job sharing and telecommuting; a tuition reimbursement plan; employee support groups; and on-site exercise programs.

Working Mother magazine selected 2000's 100 Best Companies based on some of the following: child care; leave for new parents; flexible work arrangements; work/life benefits such as elder care and adoption assistance; and opportunities for women to advance.

Editors looked at a range of supportive company offerings, including health insurance premiums, availability of time off to care for sick kids, mentoring programs and extras such as on-site gyms and other conveniences. A complete report of Working Mother's 2000 "100 Best Companies for Working Mothers" can be found in the October issue of Working Mother and on its Web site www.workingmother.com.

Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Over the past 31 years, Fannie Mae has provided nearly $2.9 trillion of mortgage financing for over 35 million families.

More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.

Style Usage: Fannie Mae's Board of Directors has authorized the company to operate as "Fannie Mae," and the company's stock is now listed on the NYSE as "Fannie Mae." In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae."