Fannie Mae has announced a common stock dividend of $0.26 per share for the first quarter, unchanged from that of the fourth quarter.The dividend will be paid Feb. 25 to registered stockholders as of the close of business on Jan. 31, 2006. Preferred stock dividends are: $0.65625 per share of series D; $0.63750 per share of series E; $0.1713 per share of series F; $0.2938 per share of series G; $0.7263 per share of series H; $0.6719 per share of series I; $0.5895 per share of series J; $0.6745 of series K; $0.6406 per share of series L; $0.5938 per share of series M; $0.6875 per share of series N; $0.8750 per share of series O; and $1,343.75 per share of convertible series 2004-1. The preferred dividends will be paid March 31 to registered stockholders as of the close of business on March 15, 2006. Fannie Mae can be found online at http://www.fanniemae.com.

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