Fannie Mae selected 10 firms to serve as the initial group of ACCESS members. While there has been membership turnover, historically 12-17 members have consistently participated in the program. And over the years 36 different firms have been included in the program. Turnover represents non-performing firms as well as new invitees.

Fannie Mae reinforces ACCESS-member success through a number of activities, including: conducting debt marketing meetings with major fixed-income investors, providing training exercises to help the firms participate more effectively and educating the sales forces about our debt products. The company also consults with other corporations as they develop similar programs or consider using some of our firms. Fannie Mae vigorously looks for opportunities to use ACCESS firms in all of its funding and investment activities, its American Dream Commitment^® activities and other activities that help fulfill its mission.

The company reviews membership annually. As of August 12, 2009, the current ACCESS members are:

• Blaylock Robert Van L.L.C. (Oakland, Calif./New York, N.Y.)
• Cabrera Capital Markets L.L.C. (Chicago, Ill.)
• Doley Securities, Inc. (New Orleans, La.)
• Guzman & Company (Miami, Fla.)
• Jackson Securities L.L.C. (Atlanta, Ga.)
• Loop Capital Markets L.L.C. (Chicago, Ill.),
• MFR Securities, Inc. (New York, N.Y.)
• Mischler Financial Group, Inc. (Corona Del Mar, Calif.)
• Samuel A. Ramirez & Co., Inc. (New York, N.Y.)
• Utendahl Capital Partners, L.P. (New York, N.Y.)
• Walton Johnson & Company (Dallas, Texas)
• The Williams Capital Group, L.P. (New York, N.Y.)

For additional information about ACCESS contact Helen McNally or our Fixed-income Marketing department.