This Pricing Supplement relates to the Debt Securities described below (the "Notes"). You should read it together with the Offering Circular dated May 09, 2012 (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 Notes, and interest thereon, 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.

Certain Securities Terms

1.

Title:

1.125% Notes Due August 28, 2017

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:

$51,000,000.00

5.

Issue Date:

February 28, 2013

6.

Maturity Date:

August 28, 2017

Amount Payable on the Maturity Date:

100.00% of principal amount

7.

Subject to Redemption Prior to Maturity Date

__

No

X

Yes; in whole or in part, at our option, on the following dates at a redemption price of 100% of the principal amount redeemed, plus accrued interest thereon to the date of redemption.

August 28, 2013 November 28, 2013 February 28, 2014 May 28, 2014 August 28, 2014 November 28, 2014 February 28, 2015 May 28, 2015 August 28, 2015 November 28, 2015 February 28, 2016 May 28, 2016 August 28, 2016 November 28, 2016 February 28, 2017 May 28, 2017

8.

Interest Category:

Fixed Rate Securities

9.

Interest

a.

Frequency of Interest Payments:

semiannually

b.

Interest Payment Dates:

the 28th day of each February and August

c.

First Interest Payment Date:

August 28, 2013

d.

Interest rate per annum:

1.125%

Additional Information Relating to the Notes

1.

Identification Number(s)

a.

CUSIP:

3136G1GA1

b.

ISIN:

N/A

c.

Common Code:

N/A

2.

Listing Application

	X No
	__ Yes

3.

Eligibility for Stripping on the Issue Date

	X No
	__ Yes

___ Minimum Principal Amount: _____________

Offering

1.

Pricing Date:

February 22, 2013

2.

Method of Distribution:

X Principal

__ Non-underwritten

3.

Dealer:

First Tennessee Bank National Association

4.

Offering Price:

X

Fixed Offering Price: 100.283% of principal amount, plus accrued interest, if any, from the Settlement Date

__

Variable Price Offering

5.

Dealer Purchase Price: 100.23% of principal amount

a.

Concession:

N/A

b.

Reallowance:

N/A

6.

Proceeds to Fannie Mae:

$51,117,300.00

Settlement

1.

Settlement Date:

February 28, 2013

2.

Settlement Basis:

delivery versus payment

3.

Settlement Clearing System:

U.S. Federal Reserve Banks