Freddie Mac, Variable Rate Non-Cumulative Perpetual Preferred Stock, March 2001

Ticker: FMCCN

Parent Ticker:

OTC Grey Market Temporary Ticker:

Issuance Date: 03/23/2001

1st Call Date: 03/31/2003

Maturity Date: None

Shares Issued: 0

Overallotment Shares: 0

Coupon: %

Face Value: $50.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount:

Ex-Dividend Months:

Approx. Ex-Dividend Day: Last Day

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