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Fannie Mae, 5.10% Non-Cumulative Preferred Stock, Series E

Ticker: FNMFM

Parent Ticker:

OTC Grey Market Temporary Ticker:

Issuance Date: 04/15/1999

1st Call Date: 04/15/2004

Maturity Date: None

Shares Issued: 0

Overallotment Shares: 0

Coupon: 5.10%

Face Value: $50.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.637

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 31

S&P Rating: D

III Rating (In Regards to Dividend Safety Only):

Moody Rating: Ca

Fitch Rating: NR