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FANNIE MAE BOARD OF DIRECTORS EXTENDS CONTRACT OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER JAMES A. JOHNSON

 WASHINGTON, Nov. 16 /PRNewswire/ -- The board of directors of the Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) today announced it has extended the existing contract of the company's chairman and chief executive officer, James A. Johnson, for an additional five years, to January 1999.
 Johnson became Fannie Mae's chairman and chief executive officer on Feb. 1, 1991, after serving 13 months as the company's vice chairman.
 Fannie Mae board member Richard D. Parsons released a statement on behalf of the board of directors: "In the past three years, Jim Johnson has made an outstanding contribution by expanding Fannie Mae's commitment to housing and further building the company's financial strength. We are pleased that he will continue his strong and effective leadership throughout the rest of this decade."
 Fannie Mae is a congressionally chartered, shareholder-owned company and the nation's largest source of home mortgage funds.
 -0- 11/16/93
 /CONTACT: David Jeffers of Fannie Mae, 202-752-5962/
 (FNM)


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

MH-DC -- DC014 -- 5033 11/16/93 11:28 EST
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Publication:PR Newswire
Date:Nov 16, 1993
Words:179
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