Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 18, 2009, Thomas Lund notified Fannie Mae (formally, the Federal National Mortgage Association) that he would retire from the company, where he serves as Executive Vice President, Single-Family Mortgage Business, as of June 30, 2009.

Item 7.01 Regulation FD Disclosure.

A copy of Fannie Mae's news release announcing Mr. Lund's retirement and the appointment of Karen Pallotta to lead Fannie Mae's Single-Family Mortgage Business is attached as Exhibit 99.1 to this report and incorporated into this report by reference.

The exhibit submitted with this report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of Section 18, nor shall it be deemed incorporated by reference into any disclosure document relating to Fannie Mae, except to the extent, if any, expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) The exhibit index filed with this report is incorporated into this report by reference.

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