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Fannie Mae Redemptions.

WASHINGTON--(BUSINESS WIRE)--July 2, 1999--

Fannie Mae will redeem the principal amounts indicated of the following securities issues on the respective redemption dates indicated below at a redemption price equal to 100% of the principal amount redeemed, plus accrued interest thereon to the date of redemption: -0-

 Principal Security Interest Maturity CUSIP Redemption
 Amount Type Rate Date Date
------------ -------- ------- -------------- --------- -------------
$50,000,000 MTN 8.030% July 14, 2006 31364CGB8 July 14, 1999
------------ -------- ------- -------------- --------- -------------
$50,000,000 MTN 8.150% July 15, 2011 31364CGG7 July 15, 1999


Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Over the past 30 years, Fannie Mae has provided nearly $2.5 trillion of mortgage financing for over 30 million families. More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.

Style Usage: Fannie Mae's Board of Directors has authorized the company to operate as "Fannie Mae," and the company's stock is now listed on the NYSE as "Fannie Mae." In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae."
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Publication:Business Wire
Date:Jul 2, 1999
Words:209
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