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(BW)(DC-FANNIE-MAE)(FNM)

Fannie Mae Redemption

  • Friday, October 25, 2002 10:45AM IST (5:15AM GMT)
 
Washington, United States:  Fannie Mae will redeem the principal amount indicated of the following securities issues on the redemption date indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
Principal    Security Interest Maturity Date CUSIP     Redemption Date
Amount Type Rate

$ 50,000,000 MTN 3.000% May 6, 2004 3136F1ZV5 Nov. 6, 2002
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 over $4 trillion of mortgage financing for 47 million families.

More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.

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."


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