WASHINGTON, Jan. 31 /PRNewswire-FirstCall/ -- 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 Date    CUSIP    Redemption Date
       Amount      Type    Rate

     $25,000,000   MTNR   5.000% August 10, 2015   3136F7HA8 February 10, 2008
    $125,000,000   MTN    5.000% August 10, 2010   3136F7FD4 February 10, 2008
     $25,000,000   MTN    5.000% August 10, 2010   3136F7HG5 February 10, 2008
     $50,000,000   MTN    5.010% November 10, 2010 3136F64M8 February 10, 2008
     $50,000,000   MTN    5.000% February 10, 2011 3136F7HD2 February 10, 2008
     $25,000,000   MTN    5.500% February 10, 2020 3136F6VX4 February 10, 2008
     $50,000,000   MTN    5.950% August 10, 2020   3136F7FT9 February 10, 2008
     $50,000,000   MTN    5.920% August 10, 2020   3136F7GF8 February 10, 2008

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