Freddie Mac has priced $3 billion of two-year Reference Notes due April 15, 2007.The issue (CUSIP 3134A4UZ5) was priced at 99.975 to yield 3.764%, or 22.5 basis points more than two-year U.S. Treasury notes. The settlement date is March 4. Banc of America Securities, Deutsche Bank Securities Inc., and Goldman Sachs Group are the joint lead managers for the transaction. Freddie Mac can be found online at http://www.freddiemac.com.

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