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SALLIE MAE ANNOUNCES FIRST QUARTER DIVIDENDS

 SALLIE MAE ANNOUNCES FIRST QUARTER DIVIDENDS
 WASHINGTON, Jan. 17 /PRNewswire/ -- The Student Loan Marketing


Association (Sallie Mae) (NYSE: SLM) today announced a first-quarter 1992 dividend on its voting and non-voting common stock of 25 cents per share, the same as that paid in the previous quarter. The dividend on the common stock will be paid on March 12, 1992, to shareholders of record on Feb. 26, 1992.
 The corporation also declared a first quarter 1992 dividend of 5.00 percent, or 62.50 cents per share, on its adjustable rate cumulative preferred stock. That dividend rate is tied to yields on certain U.S. Treasury obligations, but is never less than 5.00 percent nor more than 14.00 percent per annum. The dividend on the preferred stock will be paid on March 27, 1992, to shareholders of record on March 13, 1992.
 At Dec. 31, 1991, Sallie Mae's 92.7 million common shares issued and outstanding were comprised of 10.6 million shares of voting common stock and 82.1 million shares of non-voting common stock. The non-voting common stock is traded on the New York Stock Exchange (NYSE) under the symbol "SLM"; the voting common stock, of which ownership is restricted to certain financial and educational institutions, is traded on the NASDAQ National Market System under the symbol "SLMAJ." The preferred stock, of which 4.3 million shares were outstanding at Dec. 31, 1991, trades on the NYSE.
 Sallie Mae is the United States' major financial intermediary serving the education credit market.
 -0- 1/17/92
 /CONTACT: Gisela Vallandigham, 202-298-3147, or Ross Kleinman, 202-298-3013, of the Student Loan Marketing Association/
 (SLM SLMAJ) CO: Student Loan Marketing Association ST: District of Columbia IN: FIN SU: DIV


MH-DC -- DC014 -- 0995 01/17/92 12:40 EST
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Publication:PR Newswire
Date:Jan 17, 1992
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