ADVISORY/Mayor Kwame Kilpatrick and U.S. Representative Carolyn Kilpatrick Join Bank One and Fannie Mae to Announce $12.5 Billion Plan to Make Homes More Affordable.

Business Editors

ADVISORY...for Friday (March 14)

--(BUSINESS WIRE)

Fannie Mae

WHEN:     Friday, March 14, 2003
          10 a.m. - 10:30 a.m

WHO:      The Honorable Kwame Kilpatrick
          Mayor, City of Detroit

          The Honorable Carolyn Cheeks Kilpatrick (D-MI)
          U.S. House of Representatives

          Richard Wade
          Michigan President, Bank One

          Michael Tyson
          Senior Vice President, Bank One

          Shalley Jones
          Vice President, Housing and Community Development
          Fannie Mae's Midwestern Regional Office

WHAT:     Spread the word about the Bank One-Fannie Mae (NYSE:FNM),
          the nation's largest source of financing for home mortgages,
          $12.5 billion alliance that will plant seeds to grow
          homeownership in the Detroit area.

          Reporters are invited to join community leaders and new
          homeowners to hear how this alliance will help underserved
          people in Detroit and its suburbs get a better chance at
          home ownership.

WHERE:    Coleman A. Young Community Center
          2751 Robert Bradby Drive,
          Detroit, MI
          (Off Chene Street between East Vernor and East Lafayette
          streets)

Bank One Corporation (NYSE:ONE) is the nation's sixth-largest bank holding company, with assets of more than $270 billion. Bank One can be found on the Internet at www.bankone.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.

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.