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WASHINGTON, DC-Fannie Mae has announced some $715 million in early redemptions, at the principal amount plus interest. Redemption date on the issues has been moved to July 2.

Slated for redemption are a $75 million MTN security at 5.5% interest, original maturity date Jan. 2, 2002, CUSIP 31364GMT3 and a $40 million MTN security at 5.15% interest, original maturity date Oct. 2, 2003, CUSIP 3136F0AM4. Also to be redeemed is a $600 million MTN security at 5.35% interest, original maturity date April 2, 2004, CUSIP 3136F0BC5.

Fannie Mae, traded on the NYSE, is the world’s largest non-bank financial services company. Operating under federal charter, it is the largest source of financing for home mortgages. Fannie Mae’s $2 trillion “American Dream Commitment” goal is to increase homeownership rates and serve 18 million targeted American families by the end of the decade. Since 1968, Fannie Mae has provided more than $3.0 trillion of financing for 38 million families.

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