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WASHINGTON, DC-Fannie Mae has announced another series of early redemptions, all slated for July 9, with a total value of $1.585 billion. Fannie Mae will redeem the principal amounts for 100% plus accrued interest.

Slated for redemption are a $50 million MTNR security at 5.35% interest, maturity date of Oct. 29, 2004, CUSIP 31364GDL0; a $15 million MTNR security at 5.4% interest, maturity date of Nov. 9, 2004, CUSIP 31364GEY1; a $15 million MTNR security at 5.5% interest, maturity date Dec. 15, 2004, CUSIP 31364GKL2; a $15 million MTNR security at 5.5% interest, maturity date Feb. 8, CUSIP 31364GSK6; a $25 million MTN security at 5.7% interest, maturity date Oct. 28, 2005, CUSIP 31364GSK6; a $200 million MTN security at 5.75% interest, maturity date Oct 28, 2005, CUSIP 31364GEC9; a $100 million MTN security at 5.78% interest, maturity date Nov. 2, 2005, CUSIP 31364GEX3; a $150 million MTN security at 5.75% interest, maturity date Nov. 10, 2005, CUSIP 31364GFS3 and a $15 million MTNR security at 6.15% interest, maturity date March 30, 2007, CUSIP 31364GA41.

It will also redeem a $150 million MTN security at 6.29% interest, maturity date Jan 22, 2008, CUSIP 31364FPB1; a $125 million MTN security at 6.33% interest, maturity date, Jan 22, 2008, CUSIP 31364FPL9; a $100 million MTN security at 6.35% interest, maturity date Feb. 26, 2008, CUSIP 31364FTK7; a $150 million MTN security at 6.37% interest, maturity date April 10, 2008, CUSIP 31364FXP1; a $100 million MTN security at 6.44% interest, maturity date July 2, 2008, CUSIP 31364FV73; a $100 million MTN security at 6.42% interest, maturity date July 14, 2008, CUSIP 31364FX63; a $150 million MTN security at 6.43% interest, maturity date Aug. 21, 2008, CUSIP 31364F5A5; and a $125 million MTN security at 6.5% interest, maturity date April 16, 2009, CUSIP 31364GF61.

Fannie Mae is the world’s largest non-bank financial services company, operating under federal charter. It’s the country’s largest source of financing for home mortgages, working to shrink the nation’s gap in home ownership through a $2 trillion commitment to increase homeownership rates and serve 18 million targeted American families by the end of the decade.

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