Fannie Mae has priced a $5.0 billion cash offering of two-year Benchmark Notes and a $4.0 billioncash offering of seven-year Benchmark Notes. The two-year, 6.375% notes (CUSIP31359MGG2), priced at 99.873, yield 6.443% at a spread of 53 basis points over the 5.913% Treasury due in September2002. The seven-year, 6.625% notes (CUSIP 31359MGH0), priced at 99.442, yield 6.726% at a spread of 94.5 bp overthe 6.75% Treasury due in May 2005. The joint lead managers for both issues are Goldman, Sachs & Co., J.P.Morgan Securities Inc., and Lehman Brothers Inc. Fannie Mae's website address is http://www.fanniemae.com.
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