ADVISORY/Fannie Mae Chief Financial Officer to Address Salomon Smith Barney 2003 Global Agency Debt Conference.

    Business Editors
    ADVISORY...for Thursday (Feb. 27)

    --(BUSINESS WIRE)--Fannie Mae (NYSE:FNM): -0- *T

WHEN:     Thursday, February 27, 2003
          10:00 a.m.

WHO:      Timothy Howard
          Chief Financial Officer, Fannie Mae

WHAT:     Presentation to Salomon Smith Barney 2003 Global Agency Debt
          Conference

WHERE:    This event will be webcast live and will be available on our
          Web site www.fanniemae.com.

          This event is not open to the press.

*T

    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
$4.5 trillion of mortgage financing for more than 49 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."

    --30--DM/ph*

    CONTACT: Fannie Mae, Washington
             Janis Smith, 202/752-6673

    KEYWORD: DISTRICT OF COLUMBIA INTERNATIONAL ASIA PACIFIC EUROPE
    INDUSTRY KEYWORD: BANKING REAL ESTATE ADVISORY CONFERENCE CALLS
    SOURCE: Fannie Mae