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FANNIE MAE ANNOUNCES MEDIUM-TERM NOTE REDEMPTION

 WASHINGTON, Oct. 29 /PRNewswire/ The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) announced that it will redeem all outstanding amounts of four Medium-Term Note issues totaling $750 million.
 The following 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
 $200,000,000 5.40 pct. Nov. 29, 1995 Nov. 29, 1993
 $200,000,000 7.30 pct. Dec. 2, 1998 Dec. 2, 1993
 $100,000,000 6.58 pct. Dec. 10, 1997 Dec. 10, 1993
 $250,000,000 5.37 pct. Dec. 15, 1995 Dec. 15, 1993
 Fannie Mae is a congressionally chartered, shareholder-owned company and the nation's largest source of home mortgage funds.
 -0- 10/29/93
 /CONTACT: Kevin Hawkins of Fannie Mae, 202-752-6720/
 (FNM)


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

MH -- DC021 -- 8565 10/29/93 13:48 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
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