WASHINGTON, Sept. 6 /PRNewswire-FirstCall/ -- Fannie Mae (NYSE:FNM) today announced its calendar for issuing Benchmark Notes(R) in 2006. The calendar is designed to assist investors and other market participants in incorporating Fannie Mae Benchmark Notes into their ongoing investing, trading, hedging, and financing strategies. The following is a description of the 2006 Benchmark Notes program. In 2006, Fannie Mae will continue to utilize pre-defined monthly calendar dates for the announcement of Benchmark Notes. (These monthly dates are identified on the attached calendar.) On each announcement date, Fannie Mae will provide to market participants the maturity date of the issue, the dealer syndicate, and an indication of deal size. The Benchmark Notes(R) transactions are expected to price within a week of the announcement date and will settle two business days after the pricing of the issue. Benchmark Notes will continue to be issued in two-, three-, five- and ten-year maturities and will be noncallable. Minimum new issue sizes will remain at $3 billion. In 2006, Fannie Mae will maintain the option to forego any monthly scheduled Benchmark Notes issuance. This flexibility allows Fannie Mae to better gauge investor needs and demand for specific structures at time of issuance while continuing to provide clear guidance on its Benchmark Notes issuance. If Fannie Mae elects not to issue a scheduled Benchmark Note, it will provide notice of its election either prior to or on the scheduled monthly announcement date. 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 Offering Circular dated January 19, 2004, and that no reliance may be placed on the completeness or accuracy of the information contained in this press release. Benchmark Notes is a registered mark of Fannie Mae. Unauthorized use of this mark is prohibited. Year 2006 Benchmark Notes(R) Issuance Calendar January February March April Announcement Announcement Announcement Announcement Optional 2-, 3-, 5-, 10-Year Notes 13th 10th 10th 17th May June July August Announcement Announcement Announcement Announcement Optional 2-, 3-, 5-, 10-Year Notes 12th 9th 14th 11th September October November December Announcement Announcement Announcement Announcement Optional 2-, 3-, 5-, 10-Year Notes 8th 13th 13th 13th Benchmark Notes * Minimum new issue size for noncallable Benchmark Notes (2 to 10 years in maturity) is $3.0 billion. * On each announcement date, Fannie Mae will provide to market participants the maturity date of the issue, the dealer syndicate, and an indication of deal size. * The Benchmark Notes transactions are expected to price within a week of the announcement date and will settle two business days after the pricing of the issue. DATASOURCE: Fannie Mae CONTACT: Janis Smith of Fannie Mae, +1-202-752-6673 Web site: http://www.fanniemae.com/ Company News On-Call: http://www.prnewswire.com/comp/305450.html

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