Freddie Mac has priced a $1 billion reopening of its 4.25% five-year Reference Notes due July 15, 2009.The reopening (CUSIP: 3134A4US1) was priced at 102.455 to yield 3.692%, or 36 basis points more than five-year U.S. Treasury notes. Freddie Mac can be found on the Web at http://www.freddiemac.com.

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