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Fannie Mae, 8.25% Non-Cumulative Preferred Stock, Series T

Ticker: FNMAT

Parent Ticker:

OTC Grey Market Temporary Ticker:

Issuance Date: 05/13/2008

1st Call Date: 05/20/2013

Maturity Date: None

Shares Issued: 0

Overallotment Shares: 0

Coupon: 8.25%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.515

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