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Fannie Mae to Appoint Ann Marie Wheelock, Senior Vice President - Western Regional Office.

WASHINGTON--(BUSINESS WIRE)--Sept. 7, 1999--

Fannie Mae (NYSE:FNM), the nation's largest source of financing for home mortgages, today announced its intent to appoint, subject to the approval of its board of directors, Ann Marie Wheelock, Senior Vice President - Western Regional Office.

As Senior Vice President - Western Regional Office, Wheelock will be responsible for marketing and customer management, risk management, finance, and resource management in the company's ten-state Western Regional Office based in Pasadena.

Prior to becoming Senior Vice President - Western Regional Office, Wheelock was, since 1998, President and Chief Executive Officer of the Fannie Mae Foundation, and was Executive Vice President and Chief Operating Officer of the Foundation throughout 1997.

Prior to joining the Foundation, Wheelock was Executive Assistant to James A. Johnson, former Fannie Mae Chairman and Chief Executive Officer. She also served as the Fannie Mae Western Regional Housing Impact Vice President. Prior to joining Fannie Mae, Wheelock was the Deputy Director of the Community Development Agency, Office of Planning and Community Development for the City and County of Denver.

She also served as an attorney specializing in public finance with the national law firm Kutak Rock in Denver. Wheelock received a B.S. from the University of Iowa and a J.D. from Boalt Hall School of Law at the University of California.

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. Over the past 30 years, Fannie Mae has provided nearly $2.5 trillion of mortgage financing for over 30 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."
COPYRIGHT 1999 Business Wire
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 7, 1999
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