Fannie Mae Announces 2010 Benchmark Securities(R) Issuance Calendar

WASHINGTON, November 18 - Fannie Mae (NYSE: FNM) today announced its 2010 Benchmark Securities(R)
issuance calendar 2010 Benchmark Securities Calendar (PDF) (
www.fanniemae.com/markets/debt/pdf/debt_calendar_2010.pdf). The
calendar is designed to assist investors and other market participants in
incorporating issuances of Fannie Mae Benchmark Securities into their ongoing
investing, trading, hedging and financing strategies.

On a weekly basis, Fannie Mae has the option to auction three-,
six-month, and one-year Benchmark Bills. The size and types of weekly
Benchmark Bills offerings, if any, will be announced on a Monday morning, or
if Monday is a holiday, the previous business day. Auctions of Benchmark
Bills generally will be open for bidding on Wednesdays between 9:00 a.m. and
9:45 a.m. eastern time.

The 2010 Benchmark Securities Calendar also identifies at least one
calendar date per month for a Benchmark Notes announcement. On each scheduled
announcement date Fannie Mae will either announce the maturity date of the
Benchmark Notes offering and the dealer syndicate or announce that it will
not be making a Benchmark Notes offering. Benchmark Notes offerings are
expected to price within a few business days of the announcement date.

Fannie Mae may forego any scheduled Benchmark Bills or Benchmark Notes
issuance. If Fannie Mae elects not to issue any Benchmark Securities, a
notice of this election will be provided.

Fannie Mae exists 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
enhance the liquidity of the mortgage market by providing funds to mortgage
bankers and other lenders so that they may lend to home buyers. Our job is to
help those who house America.

Gordon Runte of Fannie Mae, +1-202-752-8128