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FANNIE MAE ISSUES DEBENTURE PRICING

 FANNIE MAE ISSUES DEBENTURE PRICING
 WASHINGTON, Nov. 3 /PRNewswire/ -- The Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) issued the following debenture pricing:
 Date of Offering: Nov. 4, 1992
 Series: SM-1997-U SM-2002-K
 Price: 99.90625 pct. 99.8125 pct.
 Issue Date: Nov. 10, 1992
 Term: 5 years 10 years
 Callable on or after: N/A N/A
 Interest Rate: 6.05 pct. 7.05 pct.
 Yield: 6.072 pct. 7.076 pct.
 Amount (millions): $600 $300
 Maturity Date: 11/10/97 11/12/02
 CUSIP: 3135865V7 3135865W5
 Date of First
 Interest Payment
 (then semi-annually): 5/10/93 5/12/93
 The net proceeds of this offering will be used to redeem in part the $1,300,000,000 of Series SM-1992-N, 8.20 percent debentures due Nov. 10, 1992.
 Debentures will be issued in book-entry form only. The minimum purchase is $10,000 and multiples of $5,000 thereafter. The offering 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.
 The issues that are offered on Nov. 4, 1992, will be free to trade at 8:20 a.m. EST.
 -0- 11/3


TW -- DC011 -- 2102 11/03/92 13:44 EST
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Publication:PR Newswire
Date:Nov 3, 1992
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/C O R R E C T I O N -- FANNIE MAE/

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