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FANNIE MAE ISSUES DEBENTURE PRICING

 FANNIE MAE ISSUES DEBENTURE PRICING
 WASHINGTON, April 15 /PRNewswire/ -- The Federal National


Mortgage Association (Fannie Mae) (NYSE: FNM) issued the following debenture pricing:
 DEBENTURE PRICING
 Date of Offering: April 16, 1992
 Price: 99.84375 pct. Par
 Issue Date: April 22, 1992
 Term: 5 years 10 years
 Interest Rate: 6.75 pct. 7.55 pct.
 Yield: 6.787 pct. 7.55 pct.
 Amount (millions): $600 $500
 Maturity Date: 4/22/97 4/22/02
 Date of First
 Interest Payment
 (then semi-annually): 10/22/92 10/22/92
 The net proceeds of this offering will be added to the working capital of the Federal National Mortgage Association and used for general corporate purposes.
 Debentures will be issued in book-entry form only. The minimum purchase is $10,000 and multiples of $5,000 thereafter. The offering, other than $100 million of the debentures due 4/22/97, 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.
 One hundred million dollars of the debentures due 4/22/97 are being reoffered to investors outside the United States of American by Nomura Securities International, Inc. ("Nomura"), and certain firms outside the United States assisting Nomura.
 The issues that are offered on April 8, 1992, will be free to trade at 8:20 a.m. EDT.
 -0- 4/15/92
 /CONTACT: Gene Eisman of the Federal National Mortgage Association, 202-752-6673/
 (FNM) CO: Federal National Mortgage Association ST: District of Columbia IN: FIN SU:


MH-TW -- DC015 -- 8804 04/15/92 14:46 EDT
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Date:Apr 15, 1992
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