Fannie Mae has priced $3 billion of 5.000% five-year Benchmark Notes at 99.961.The five-year issue (CUSIP: 31359MZ30), due Oct. 15, 2011, yields 5.009% at a spread of 31.5 basis points over the 4.500% Treasury due Sept. 30, 2011. The settlement date is Oct. 19. The joint lead managers are Citigroup Capital Markets Inc., Goldman Sachs & Co., and HSBC Securities (USA) Inc. Fannie Mae can be found on the Web at http://www.fanniemae.com.

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