Fannie Mae Redemption

WASHINGTON, April 19, 2011 - Fannie Mae (OTC Bulletin Board: FNMA) 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
amount redeemed, plus accrued interest thereon to the date of redemption:

     Principal    Security   Interest    Maturity      CUSIP       Redemption
       Amount        Type       Rate      Date                        Date
     $15,000,000     MTN      3.800%     April 29,    3136F9LG6     April 29,
                                           2013                       2011
     $40,000,000     MTN      4.000%     April 29,    3136F9MN0     April 29,
                                           2013                       2011
     $25,000,000     MTN      2.500%     April 29,    3136FHJT3     April 29,
                                           2016                       2011
     $50,000,000     MTN      2.250%    October 29,   3136FHJU0     April 29,
                                           2012                       2011
     $25,000,000     MTN      2.000%     April 29,    3136FHKL8     April 29,
                                           2014                       2011
    $325,000,000     MTN      1.100%     April 29,    3136FM4L5     April 29,
                                           2013                       2011
     $30,000,000     MTN      2.050%     April 29,    3136FMLK8     April 29,
                                           2013                       2011
     $50,000,000     MTN      1.715%    October 29,   3136FMME1     April 29,
                                           2012                       2011
     $50,000,000     MTN      2.000%     April 29,    3136FMMV3     April 29,
                                           2020                       2011
     $50,000,000     MTN      2.270%    October 29,   3136FMMZ4     April 29,
                                           2013                       2011
    $100,000,000     MTN      2.050%      July 29,    3136FMNQ3     April 29,
                                           2013                       2011
     $80,000,000     MTN      3.125%    October 29,   3136FMNU4     April 29,
                                           2015                       2011
    $125,000,000     MTN      2.000%     July 29,     3136FMNX8     April 29,
                                           2013                       2011
    $175,000,000     MTN      1.480%    October 29,   3136FMPB4     April 29,
                                           2012                       2011
     $50,000,000     MTN      0.700%     April 29,    3136FMPW8     April 29,
                                           2013                       2011
    $275,000,000     MTN      1.550%    October 29,   3136FMRH9     April 29,
                                           2012                       2011

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.

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.

Katherine Constantinou, Fannie Mae, +1-202-752-5403