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FANNIE MAE ANNOUNCES DEBENTURE REDEMPTION

 WASHINGTON, April 13 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae)(NYSE: FNM) announced that on May 13, 1993, it will redeem all $250 million of outstanding Series SM-1997-K, 9.00 percent debentures due Nov. 13, 1997. The debentures were originally issued on Nov. 13, 1990. The redemption price of the debentures will be 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption.
 Fannie Mae, the USA's Housing Partner, is a congressionally chartered, shareholder-owned company and the nation's largest investor in home mortgages.
 -0- 4/13/93
 /CONTACT: Tom Marder of Fannie Mae, 202-752-7608/
 (FNM)


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

DC-TW -- DC012 -- 5267 04/13/93 13:39 EDT
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Publication:PR Newswire
Date:Apr 13, 1993
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