WASHINGTON, September 11 /PRNewswire/ --

The following is being issued by Fannie Mae (NYSE: FNM):

5-Year (Reopening) 
    Pricing Date                               September 11, 2007 
    Settlement Date                            September 13, 2007 
    Maturity Date                              May 18, 2012 
    CUSIP                                      31398ABX9 
    ISIN                                       US31398ABX90 
    Common Code                                030235223 
    Total Amount of Notes Awarded              US$1 billion/US$4 billion 
    Purchase Price to Auction Participants     101.434 
    Highest Yield at Which Bids were
     Accepted ("Stop Rate")                    4.530 
    Coupon                                     4.875% 
    Percent Awarded at Stop                    50.00 
    Bid/Cover Ratio                            6.2 
    Listing                                    Application will be made to 
                                                list the securities on the 
                                                EuroMTF market of the 
                                                Luxembourg Stock Exchange



Fannie Mae is a shareholder-owned company with a public mission. We exist
to expand affordable housing and bring global capital to local communities in
order to serve the U.S. housing market. Fannie Mae has a federal charter and
operates in America's secondary mortgage market to ensure that mortgage
bankers and other lenders have enough funds to lend to home buyers at low
rates. Our job is to help those who house America.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities of Fannie Mae. Nothing in this
press release constitutes advice on the merits of buying or selling a
particular investment. Any investment decision as to any purchase of
securities referred to herein must be made solely on the basis of information
contained in Fannie Mae's applicable Offering Circular, and that no reliance
may be placed on the completeness or accuracy of the information contained in
this press release.

You should not deal in securities unless you understand their nature and
the extent of your exposure to risk. You should be satisfied that they are
suitable for you in the light of your circumstances and financial position.
If you are in any doubt you should consult an appropriately qualified
financial advisor.

Benchmark Notes is a registered mark of Fannie Mae. Unauthorized use of
this mark is prohibited.

Web site: http://www.fanniemae.com