ADVISORY/Fannie Mae's Chief Economist to Give National and State Housing and Mortgage Markets Economic Forecast to Members of the Builders Association of the Twin Cities.

News Editors/Assignment Desks

ADVISORY...for Thursday (June 26)

--(BUSINESS WIRE)

Fannie Mae (NYSE:FNM
FNM Free National Movement (Bahamas)
FNM Foot and Mouth )

WHEN:   Thursday, June 26, 2003
        At 12:30, Berson will give his perspective on Minnesota's
        housing and economic future. Lunch is from 11:45 a.m. -
        12:30 p.m.

WHO:    David Berson,
        Vice President and Chief Economist, Fannie Mae

        Remi Stone
        Public Policy Director, Builders Association of the Twin
        Cities (BATC)

        Missy Thompson
        Director, Fannie Mae Minnesota Partnership Office

        Local lenders, elected officials, community-based
        organizations, and real estate professionals also will attend.

WHAT:   During BATC's annual membership luncheon, national and state
        economic analysis will be provided on the future of housing
        and mortgage finance markets.

WHERE:  Doubletree Park Place Hotel
        1500 Park Place Blvd
        St. Louis Park, MN

        Directions: 394 & Park Place, just west of Hwy 100
        & South of 394

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. Fannie Mae is working to shrink the nation's "homeownership gaps" through a $2 trillion "American Dream Commitment" to increase homeownership rates and serve 18 million targeted American families by the end of the decade. Since 1968, Fannie Mae has provided $4.8 trillion of mortgage financing for more than 52 million families. More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.