The Fannie Mae 2008 Annual Meeting of Shareholders will be Webcast, in listen-only mode, at www.fanniemae.com. The meeting will begin at 10:00 a.m., Central Time, Tuesday, May 20, 2008.

The meeting also will be available in listen-only mode via telephone. Listeners in the United States may call  1-800-700-7133. International listeners may call 651-224-7497. The confirmation code for both domestic and international callers is 918745.

A recording of the annual meeting will be available beginning at 2:00 p.m., Eastern Time, Tuesday, May 20, 2008, until midnight Tuesday, June 17, 2008. Listeners in the United States may call 1-800-475-6701. International listeners may call 320-365-3844. The confirmation code for both domestic and international callers is 918745.

This Webcast will be available for 30 days after the call.

Fannie Mae is a shareholder-owned company with a public mission. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. In 2008, we mark our 70th year of service to America's housing market. Our job is to help those who house America.

This Webcast is copyrighted material of Fannie Mae. No recording, broadcast, or other distribution of this Webcast, or any part of the Webcast, is permitted without Fannie Mae's permission. Your participation in this Webcast implies your consent.

This Webcast may include statements about matters that are not historical facts, including statements regarding our future financial performance and condition; trends and expectations for our industry and the housing, credit and mortgage markets; our future plans, capital position and expenses; our expected future credit losses, expenses, ratios and exposure; the quality of our mortgage credit book of business and its credit characteristics; existing financial measures that may be relevant in assessing our performance; financial metrics we may provide in the future; growth opportunities and our ability to take advantage of such opportunities; and our ability to execute our business and risk management strategies. Although Fannie Mae believes that the expectations set forth in these statements are based upon reasonable assumptions, Fannie Mae's future plans, operations, and results or events may differ materially from what is indicated or described in any forward-looking statements. Additional information that may cause actual results to differ materially are detailed in our Form 10-K filed with the SEC on February 27, 2008, and in our Form 10-Q filed with the SEC on May 6, 2008, including the "Risk Factors" sections in those reports, and in our reports on Form 8-K. These forward-looking statements are representative only as of the date they are made, and we undertake no obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under the federal securities laws.