FANNIE MAE REDEMPTION.

(Full text of a statement, contact details below)

WASHINGTON, D.C., March 4 /PRNewswire-FirstCall-AsiaNet/ -- Fannie Mae (NYSE: FNM) 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 2.000% December 16, 3136F3WM4 March 16,

2005 2004

$ 50,000,000 MTN 2.050% December 16, 3136F3XC5 March 16,

2005 2004

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 has pledged through its "American Dream Commitment" to expand access to homeownership for millions of first-time home buyers; help raise the minority homeownership rate to 55 percent; make homeownership and rental housing a success for millions of families at risk of losing their homes; and expand the supply of affordable housing where it is needed most. Since 1968, Fannie Mae has provided $5.9 trillion of mortgage financing for 60 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 "FNM". In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae".

SOURCE: Fannie Mae

CONTACT: Jason Lobo of Fannie Mae +1-202-752-1692

Company News On-Call:

http://www.prnewswire.com/comp/305450.html

Web site: http://www.fanniemae.com

ASIA PULSE 04-03 1459