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News Release
November 30, 2007
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Fannie Mae Redemption

WASHINGTON, DC -- Fannie Mae will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amounts redeemed, plus accrued interest thereon to the date of redemption:

Principal Amount
Security Type
Interest Rate
Maturity Date
CUSIP
Redemption Date
$25,000,000
MTN
5.550%
March 11, 2011
3136F8HC2
December 11, 2007
$50,000,000
MTN
5.250%
December 11, 2009
3136F8AB1
December 11, 2007
$300,000,000
MTN
5.400%
December 12, 2011
3136F8AG0
December 12, 2007
$1,000,000,000
MTN
5.300%
January 8, 2008
31359M2N2
December 14, 2007

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. Our job is to help those who house America.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this press release constitutes advice on the merits of buying or selling a particular investment. Any investment decision as to any purchase of securities referred to herein must be made solely on the basis of information contained in Fannie Mae's applicable Offering Circular, and that no reliance may be placed on the completeness or accuracy of the information contained in this press release.

You should not deal in securities unless you understand their nature and the extent of your exposure to risk. You should be satisfied that they are suitable for you in the light of your circumstances and financial position. If you are in any doubt you should consult an appropriately qualified financial advisor.

Fannie Mae Resource Center Telephone 1-800-7FANNIE
(1-800-732-6643)