Fannie Mae has priced $4 billion of 4.750% five-year Benchmark Notes at 99.669.The five-year issue (CUSIP: 31398AHZ8), due Nov. 19, 2012, yields 4.825% at a spread of 47.5 basis points over the 4.250% Treasury. The settlement date is Oct. 18. The joint lead managers are Goldman Sachs & Co., Lehman Brothers Inc., and J.P. Morgan Securities. Fannie Mae can be found on the Web at http://www.fanniemae.com.

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