Amherst Securities LP
Amherst Securities Group Underwrites New Issue Deal for FHLMC

15-year; non-call 1-year; Step-up
Pricing Date

March 9, 2004

Settlement Date March 30, 2004
Structure 15-year; non-call 1-year
First Call Date

March 29, 2005 with quarterly calls thereafter

Maturity March 29, 2019
Payment Dates Each September 29th and March 29th
  beginning September 29, 2004
First Coupon 4.00%
Coupon Structure 4.00% for 4 years; 6.0% for 6 years; 8.0% thereafter
Size $30 million
Issuer Federal Home Loan Mortgage Corporation
CUSIP 3128X2R56
Currency USD