4/26/06 Amherst Securities Group Underwrites New Issue Deal for Fannie Mae

Amherst Securities Group Underwrites New Issue Deal for Fannie Mae

15-year: non-call 3-month: Fixed Rate
Pricing Date	April 26, 2006
Settlement Date	May 17, 2006
Structure	15 year; non-call 3-month
First Call Date	August 17, 2006 and anytime thereafter
Maturity Date	May 17, 2021
Payment Dates	Every November 17th and May 17th beginning November 2006
First Coupon	6.75%
Coupon Structure	Fixed
Size	$12.5 million
Issuer	Federal National Mortgage Association
CUSIP	3136F7ZY6
Currency	USD