Fannie Mae has declared a common stock dividend of $0.50 per share for the fourth quarter, the same as in the previous quarter.The dividend will be paid Nov. 26 to registered stockholders as of the close of business on Oct. 31, 2007. Preferred stock dividends are: $0.65625 per share of series D; $0.63750 per share of series E; $0.5700 per share of series F; $0.5738 per share of series G; $0.7263 per share of series H; $0.6719 per share of series I; $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; $0.3883 per share of series P; $0.4078 per share of series Q; and $1,343.75 per share of convertible series 2004-1. The preferred dividends will be paid Dec. 31 to registered stockholders as of the close of business on Dec. 17, 2007. Fannie Mae can be found online at http://www.fanniemae.com.

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