| Pricing Supplement Dated June 15, 2000 |
| (To Offering Circular dated December 21, 1999) |
Universal Debt Facility
| This Pricing Supplement relates to the Debt Securities
described below (the "Bonds"). You should read it together with the Offering
Circular dated December 21, 1999 (the "Offering Circular"), relating to
the Universal Debt Facility of the Federal National Mortgage Association
("Fannie Mae"). Unless defined below, capitalized terms have the meanings
we gave to them in the Offering Circular. |
| The Bonds are not guaranteed by the United States and
do not constitute a debt or obligation of the United States or of any agency
or instrumentality thereof other than Fannie Mae. |
| 1. |
|
Title: |
|
Zero Coupon Bonds Due September 01, 2021 |
| 2. |
|
Form: |
|
Fed Book-Entry Securities |
| 3. |
|
Specified Payment Currency |
|
|
|
a. |
|
Interest: |
|
U.S. dollars |
|
b. |
|
Principal: |
|
U.S. dollars |
| 4. |
|
Aggregate Original Principal Amount: |
|
$178,472,000.00 |
| 5. |
|
Issue Date: |
|
June 22, 2000 |
| 6. |
|
Maturity Date: |
|
September 01, 2021 |
|
a. Amount Payable on the Maturity Date: |
|
$3,544,862.75 in the aggregate |
| 7. |
|
Subject to Redemption Prior to Maturity Date |
|
|
|
X |
|
Yes. The Bonds will be subject to mandatory redemption
by us. Annex 1 sets forth the dates upon which we will redeem a portion
of the Bonds and the aggregate principal amount to be redeemed by us on
each such date. We will pay a redemption price of 100% of the principal
amount redeemed. |
| 8. |
|
Interest Category: |
|
Zero Coupon Securities |
| Additional Information Relating to the Bonds |
| 1. |
|
Identification Number(s) |
| 3. |
|
Eligibility for Stripping on the Issue Date |
|
___ Minimum Principal Amount: _____________ |
4. Additional Tax Information: See Annex 2
| 1. |
|
Pricing Date: |
|
June 15, 2000 |
| 2. |
|
Method of Distribution: |
|
X Principal |
|
__ Non-underwritten |
| 3. |
|
Dealer: |
|
Goldman, Sachs & Co. |
|
X |
|
Fixed Offering Price: 44.271371980% of principal
amount, plus accrued original issue discount, if any, from June 22,
2000 |
|
__ |
|
Variable Price Offering |
5. If Fixed Offering Price, discount to Dealer: 0.375%
of principal amount
| 6. |
|
Dealer Purchase Price: 43.896371980% of principal
amount |
| 7. |
|
Proceeds to Fannie Mae: |
|
$78,342,733.00 |
| ANNEX 1 |
| To Pricing Supplement Dated June 15, 2000 |
| Issue: $178,472,000 Zero Coupon Bonds Due September
01, 2021 |
|
|
| The Bonds will be subject to mandatory redemption by us.
The following schedule sets forth the aggregate principal amount to be
redeemed by us on each redemption payment date. |
|
|
Redemption Date |
|
Aggregate Principal Amount |
|
|
|
|
March 01, 2001 |
|
$ 695,214.75 |
|
|
September 01, 2001 |
|
945,214.75 |
|
|
March 01, 2002 |
|
686,802.25 |
|
|
September 01, 2002 |
|
14,526,802.25 |
|
|
March 01, 2003 |
|
216,934.25 |
|
|
September 01, 2003 |
|
216,934.25 |
|
|
March 01, 2004 |
|
216,934.25 |
|
|
March 01, 2005 |
|
216,934.25 |
|
|
September 01, 2005 |
|
5,914,934.25 |
|
|
March 01, 2006 |
|
216,934.25 |
|
|
September 01, 2006 |
|
6,941,934.25 |
|
|
March 01, 2007 |
|
190,084.25 |
|
|
September 01, 2007 |
|
8,474,084.25 |
|
|
September 01, 2008 |
|
5,842,598.75 |
|
|
September 01, 2009 |
|
8,881,598.75 |
|
|
September 01, 2010 |
|
5,971,000.00 |
|
|
September 01, 2011 |
|
1,859,000.00 |
|
|
September 01, 2012 |
|
11,119,000.00 |
|
|
September 01, 2013 |
|
9,513,000.00 |
|
|
September 01, 2014 |
|
10,023,000.00 |
|
|
September 01, 2015 |
|
8,996,000.00 |
|
|
September 01, 2016 |
|
13,063,000.00 |
|
|
September 01, 2017 |
|
15,000,000.00 |
|
|
September 01, 2018 |
|
15,000,000.00 |
|
|
September 01, 2019 |
|
14,500,000.00 |
|
|
September 01, 2020 |
|
15,500,000.00 |
|
|
September 01, 2021 |
|
3,544,862.75 |
|
|