Meanwhile, Fannie Mae has announced a 15.6% increase in its common stock dividend, from $0.45 per share to $0.52 per share.The dividend will be paid Feb. 25 to registered stockholders as of the close of business on Jan. 31, 2004. Preferred stock dividends are: $0.65625 per share of series D; $0.63750 per share of series E; $0.4425 per share of series F; $0.2288 per share of series G; $0.7263 per share of series H; $0.6719 per share of series I; $0.4725 per share of series J; $0.3750 per share of series K; $0.6406 per share of series L; $0.5938 per share of series M; and $0.6875 per share of series N. The preferred dividends will be paid March 31 to registered stockholders as of the close of business on March 15, 2004.

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