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FANNIE MAE ANNOUNCES DEBENTURE PRICING

 FANNIE MAE ANNOUNCES DEBENTURE PRICING
 WASHINGTON, July 6 /PRNewswire/ -- The Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) issued the following debenture announcement:
 Date of Offering: July 7, 1992
 Price: Par
 Issue Date: July 10, 1992
 Term: 10 years
 Callable on or after: 7/10/97
 Interest Rate: 7.30 pct.
 Yield: 7.30 pct.
 Amount (millions): $500
 Maturity Date: 7/10/92
 Date of First
 Interest Payment
 (then semi-annually): 1/10/93
 The debentures of July 10, 2002, are redeemable on or after July 10, 1997. The debentures 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 $630,000,000 of Series SM-1992-I, 8.45 percent debentures due July 10, 1992.
 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-Finance and Treasurer Gary L. Perlin and Vice President and Assistant 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 July 7, 1992, will be free to trade at 8:20 a.m. EDT.
 -0- 7/6/92
 /CONTACT: Gene Eisman of Fannie Mae, 202-752-6673/ CO: Fannie Mae ST: District of Columbia IN: FIN SU:


KD -- DC010 -- 6683 07/06/92 14:44 EDT
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Publication:PR Newswire
Date:Jul 6, 1992
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