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FANNIE MAE ANNOUNCES DEBENTURE REDEMPTION

 WASHINGTON, Jan. 4 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) announced that it will redeem in full five Medium-Term Note issues totaling $90.8 million.
 The Medium-Term Note issues will be redeemed on the respective redemption dates indicated below at a redemption price of 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
 Principal Interest Maturity Redemption
 Amount Rate Date Date
 $25,000,000 8.00 pct. Feb. 3, 1996 Feb. 3, 1993
 $ 5,800,000 8.50 pct. Feb. 4, 1998 Feb. 4, 1993
 $ 5,000,000 8.45 pct. Feb. 4, 1998 Feb. 4, 1993
 $50,000,000 8.75 pct. Feb. 5, 2001 Feb. 5, 1993
 $ 5,000,000 8.40 pct. Feb. 5, 1998 Feb. 5, 1993
 Fannie Mae, the USA's Housing Partner, is a congressionally chartered, shareholder-owned company and the nation's largest investor in home mortgages.
 -0- 1/4/93
 /CONTACT: Tom Marder of Fannie Mae, 202-752-7608/
 (FNM)


CO: Federal National Mortgage Association ST: District of Columbia IN: FIN SU:

MH -- DC008 -- 1249 01/04/93 10:42 EST
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Publication:PR Newswire
Date:Jan 4, 1993
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