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FANNIE MAE BOARD OF DIRECTORS ELECTS NEW OFFICERS

 WASHINGTON, April 20 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) announced today that its board of directors elected Kenneth J. Bacon senior vice president of the company's Northeastern Regional Office. The board also elected two new vice presidents and confirmed Robert B. Zoellick, who previously was announced as executive vice president, general counsel and secretary.
 Bacon will be responsible for the administration and management of Fannie Mae's asset and customer relationships in the 10-state northeastern region. Until now, Bacon has been director of the office of securitization of the Resolution Trust Corporation (RTC), a post he held since 1991. In this role, he has overseen all of the RTC's public and private securitization offerings. From 1990 to 1991, he served as director of policy for the RTC's Oversight Board, where he helped develop its affordable housing policy.
 Prior to joining the RTC, Bacon spent eight years on Wall Street with Kidder Peabody & Co. and Morgan Stanley & Co. In his most recent position at Morgan Stanley, he served as vice president, Mortgage Products Group, from 1987 to 1990.
 Bacon earned a B.A. from Stanford University, an M.Sc. from the London School of Economics and an M.B.A. from the Harvard Graduate School of Business.
 The northeastern regional office serves Connecticut, Delaware, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Puerto Rico and the Virgin Islands. Bacon succeeds Ann Logan, who, in January, was named Fannie Mae's executive vice president and chief credit officer.
 Mary S. Brunette was named vice president for editorial services. She will be responsible for editorial policy and the content of Fannie Mae's internal and external communications.
 Brunette was assistant secretary for public affairs with the U.S. Department of Housing and Urban Development from 1990 to 1992 and also at H.U.D. as assistant to the secretary for policy and communications from 1989 to 1990.
 Brunette also served as legislative director and press secretary to Congressman Jack Kemp as well as press secretary to Congressman Jim Courter.
 Brunette earned a B.A. in Political Science (magna cum laude) from Le Moyne College.
 Kathleen B. Cook was elected vice president for compliance. She will be responsible for developing and implementing Fannie Mae's regulatory compliance program and for managing regulatory examinations of the company. She previously was vice president for compliance at Banc One Corporation, Columbus, Ohio, where she managed corporate compliance programs for all the holding company's subsidiaries. Programs under her supervision addressed consumer, securities, fiduciary and insider transaction control issues.
 Prior to joining Banc One, Cook was an assistant city attorney in Columbus and was an attorney examiner and staff counsel with the Ohio Division of Banks.
 Cook earned a B.A. and a J.D. from Ohio State University.
 Zoellick will be responsible for Fannie Mae's legal, regulatory compliance, and government relations areas. He also will supervise the company's international consulting projects and the formulation of our public policy positions.
 Fannie Mae, the USA's Housing Partner, is a congressionally chartered, shareholder-owned company and the nation's largest investor in home mortgages.
 -0- 4/20/93
 /CONTACT: David Jeffers of Fannie Mae, 202-752-5962/
 (FNM)


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

MH-TW -- DC015 -- 7992 04/20/93 11:16 EDT
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Date:Apr 20, 1993
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