Fannie Mae has reported the repurchase of approximately $2.0 billion of outstanding noncallable Benchmark Notes and Benchmark Bonds.The repurchase of Benchmark Notes included $550 million of 6.000% notes due May 15, 2011; $500 million of 7.125% notes due June 15, 2010; $500 million of 6.625% notes due Nov. 15, 2010; $159 million of 7.250% notes due Jan. 15, 2010; and $50 million of 6.625% notes due Sept. 15, 2009. The repurchase of Benchmark Bonds included $125 million of 7.125% bonds due Jan. 15, 2030; $94 million of 6.625% bonds due Nov. 15, 2030; and $25 million of 7.250% bonds due May 15, 2030. Fannie Mae can be found on the Web at http://www.fanniemae.com.

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