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FANNIE MAE ISSUES DEBENTURE PRICING

 /REPEATING FOR POINTS NEEDED/
 WASHINGTON, June 8 /PRNewswire/ -- The Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) issued the following debenture pricing:
 Date of Offering: June 9, 1993
 Series: SM-1998-N SM-2003-D
 Price: PAR 99.8125 pct.
 Issue Date: June 10, 1993
 Term: 5 years 10 years
 Callable on or after: N/A 06/10/98
 Interest Rate: 5.375 pct. 6.45 pct.
 Yield: 5.375 pct. 6.476 pct.
 Amount (millions): $300 $500
 Maturity Date: 06/10/98 06/10/03
 CUSIP: 3135867V5 3135867W3
 Date of First
 Interest Payment
 (then semi-annually): 12/10/93 12/10/93
 The debentures of June 10, 1998, are not redeemable before maturity. The debentures of June 10, 2003, are redeemable on or after June 10, 1998. The debentures of June 10, 2003, are redeemable in whole or in part at the option of the corporation at any time (and from time to time) on or after the initial redemption date at a redemption price of 100 percent of the principal amount redeemed plus accrued interest thereon to the date of redemption.
 The net proceeds of this offering will be used to redeem in part the $900 million of Series SM-1993-J, 8.80 percent debentures due June 10, 1993.
 Debentures will be issued in book-entry form only. The minimum purchase is $10,000 and multiples of $5,000 thereafter. The offering is being made through Fannie Mae's senior vice president and treasurer, Linda K. Knight, 3900 Wisconsin Ave. N.W., Washington, D.C. 20016, assisted by a nationwide selling group of recognized securities dealers.
 The issues that are offered on June 9, 1993, will be free to trade at 8:20 a.m. EDT.
 -0- 6/8/93 R
 /CONTACT: Thomas Marder of Fannie Mae, 202-752-7608/
 (FNM)


CO: Fannie Mae ST: District of Columbia IN: FIN SU:

306 06-08-93 13:47 EDT DC-TW -- DC026R -- 6789 06/08/93 18:07 EDT
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Date:Jun 8, 1993
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