Fannie Mae to Redeem Step-Coupon Notes Due 2015

The following issue is being redeemed via the company's call option:

Issuer: Fannie Mae Coupon: Step-Coupon Maturity: Aug. 11, 2015 Redemption Amount: $50 million Redemption Price: 100 percent Amount Remaining: Fully Retired Security ID: 3136FM5V2 Effective Date: Nov. 11, 2011

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