Fannie Mae Benchmark Buyback

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News Release

June 11, 2001

Fannie Mae Benchmark Buyback

Carolyn Nunez Ozcan

972-773-7787

WASHINGTON, DC – Fannie Mae (FNM/NYSE), the nation's largest source of financing for home mortgages, today announced that it has repurchased the following amounts of outstanding noncallable Benchmark Securities issues.

Coupon Maturity Date CUSIP Settlement Date of Repurchase Amount
Repurchased		 Current Amount
Outstanding
6.750% August 15, 2002 31359MFZ1 June 13, 2001 $0

$5.000 billion
6.375% October 15, 2002 31359MGG2 June 13, 2001 $1.000 billion

$4.000 billion
5.250% January 15, 2003 31359MDF7 June 13, 2001 $0.200 billion

$3.800 billion
5.000% February 14, 2003 31359MHA4 June 13, 2001 $0.700 billion

$5.300 billion
5.750% April 15, 2003 31359MDT7 June 13, 2001 $0.050 billion
$8.950 billion
Total Repurchased $1.950 billion

 


This announcement is neither an offer to buy nor a solicitation of offers to sell any of these securities.

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. Fannie Mae is working to shrink the nation's "homeownership gaps" through a $2 trillion "American Dream Commitment" to increase homeownership rates and serve 18 million targeted American families by the end of the decade. Since 1968, Fannie Mae has provided more than $3.0 trillion of mortgage financing for 38 million families.

Benchmark Bonds and Benchmark Securities are service marks and Benchmark Notes is a registered mark of Fannie Mae. Unauthorized use of these marks is prohibited.

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."