Freddie Mac has priced $4 billion of 3.875%, three-year Reference Notes due on June 15, 2008.The issue (CUSIP: 3134A4VA9) was priced at 99.777 to yield 3.952%, 25.5 basis points more than three-year Treasury notes, the government-sponsored enterprise said. The settlement date is May 20. The new security was offered via a syndicate of dealers headed by Barclays Capital Inc., Lehman Brothers, and UBS Investment Bank. "A nearly even split in domestic and international distribution highlights the broad investor interest this Reference Notes security received," said John Radwanski, vice president and assistant treasurer of Freddie Mac. Freddie Mac can be found online at http://www.freddiemac.com.

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