Fannie Mae Prices New Issue 3-Year Benchmark Notes(R)

WASHINGTON, May 15 /PRNewswire-FirstCall/ -- The following is being issued
by Fannie Mae (NYSE: FNM):

3-Year

Pricing Date May 15, 2008

Settlement Date May 19, 2008

Maturity Date May 19, 2011

Issue Size $4 billion

Coupon 3.375 %

Price 99.966

Yield 3.387 %

Spread +87.5 basis points / 2.125% 4/30/2010 U.S.
Treasury

Payment Dates Each May 19th and November 19th, beginning
November 19, 2008

CUSIP 31398ARH7

Listing Application will be made to list the securities
on the EuroMTF market of the Luxembourg Stock
Exchange

Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and UBS
Securities LLC are the joint lead managers. The co-managers include Banc of
America Securities LLC, Barclays Capital Inc., FTN Financial Capital
Markets, Goldman Sachs & Co., HSBC Securities (USA) Inc., and Morgan
Stanley & Co. There is a designated selling group comprised of eight
additional dealers.

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. In 2008, we mark our 70th year of service to
America's housing market. Our job is to help to 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 Offering Circular dated April 1,2008,
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.

Benchmark Notes is a registered mark of Fannie Mae. Unauthorized use of
this mark is prohibited.



See Also

• Viviane Joubran Joins Southwest Securities, FSB as District Manager of the Southern California Region
• Chicago Apartment Locating Service Gaining Status among Building Managers
• Boston Based Start Up, SharpBuyers.com, Closes First Deal in California and is Now Helping Home Buyers Pay Closing Costs From Coast to Coast

Source: Real Estate Newswire