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Press Release

Fannie Mae Announces Benchmark Buyback Results

August 20, 2001


Janis Smith


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.









Settlement Date of Repurchase


Amount Repurchased


Current Amount


May 15, 2029


August 22, 2001

$525 mm

$3.425 bln


January 15, 2030


August 22, 2001

$187 mm

$4.206 bln


May 15, 2030


August 22, 2001

$100 mm

$4.150 bln

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."