Asia PR News

WASHINGTON, Oct. 31 /PRNewswire-AsiaNet/ –

Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the
following securities issues on the redemption dates indicated below at a
redemption price equal to 100 percent of the principal amounts redeemed, plus
accrued interest thereon to the date of redemption:

Principal Security Interest Maturity CUSIP Redemption Date
Amount Type Rate Date

$16,297,000 FINP 3.000% January 13, 2009 3135A0CS6 November 13, 2007

$15,000,000 MTN 5.300% February 10, 2009 3136F7UA3 November 10, 2007

$25,000,000 MTN 3.650% November 10, 2010 3136F6MB2 November 10, 2007

$120,000,000 MTN 4.000% November 10, 2011 3136F6KB4 November 10, 2007

$50,000,000 MTN 4.000% November 10, 2014 3136F6HU6 November 10, 2007

$30,000,000 MTN 4.000% November 10, 2014 3136F6JN0 November 10, 2007

$25,000,000 MTN 4.500% November 10, 2014 3136F6KT5 November 10, 2007

$300,000,000 MTN 5.450% May 14, 2009 31398ABQ4 November 14, 2007

Fannie Mae is correcting the following notional amount from a security
called yesterday. The company incorrectly reported a notional amount as
$100,000,000.

$250,000,000 MTN 5.600% August 13, 2010 3136F8QP3 November 13, 2007

Fannie Mae is a shareholder-owned company with a public mission. We exist
to expand affordable housing and bring global capital to local communities in
order to serve the U.S. housing market. Fannie Mae has a federal charter and
operates in America’s secondary mortgage market to ensure that mortgage
bankers and other lenders have enough funds to lend to home buyers at low
rates. Our job is to help those who house America.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities of Fannie Mae. Nothing in this
press release constitutes advice on the merits of buying or selling a
particular investment. Any investment decision as to any purchase of
securities referred to herein must be made solely on the basis of information
contained in Fannie Mae’s applicable Offering Circular, and that no reliance
may be placed on the completeness or accuracy of the information contained in
this press release.

You should not deal in securities unless you understand their nature and
the extent of your exposure to risk. You should be satisfied that they are
suitable for you in the light of your circumstances and financial position. If
you are in any doubt you should consult an appropriately qualified financial
advisor.

SOURCE Fannie Mae

CONTACT: Latressa Cox of Fannie Mae,
+1-202-752-6707

Web site: http://www.fanniemae.com
(FNM)