SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
FREEH LOUIS J

(Last) (First) (Middle)
3900 WISCONSIN AVENUE, NW

(Street)
WASHINGTON DC 20016

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/21/2007
3. Issuer Name and Ticker or Trading Symbol
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE [ FNM ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
No Securities Beneficially Owned 0 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Remarks:
/s/ Louis J. Freeh 05/25/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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LIMITED SIGNATORY POWER



By this Limited Signatory Power the undersigned authorizes and designates each
of Beth Wilkinson, Scott Lesmes and Christine Reddy to execute and file on
behalf of the undersigned all Forms 3, 4 and 5 (including any exhibits,
attachments and amendments thereto) that the undersigned may be required to file
with the Securities and Exchange Commission as a result of the undersigned's
ownership of or transactions in securities of Fannie Mae.  The undersigned
further authorizes and designates each of Beth Wilkinson, Scott Lesmes and
Christine Reddy to execute and file on behalf of the undersigned a Form ID, and
any amendments thereto, to facilitate the foregoing.  The authority of Beth
Wilkinson, Scott Lesmes and Christine Reddy under this Limited Signatory Power
shall continue until the undersigned is no longer required to file Forms 3, 4
and 5 with regard to his or her ownership of or transactions in securities of
Fannie Mae, unless earlier revoked in writing.  The undersigned acknowledges
that Beth Wilkinson, Scott Lesmes and Christine Reddy are not assuming, nor is
Fannie Mae assuming, any of the undersigned's responsibilities to file Forms 3,
4 and 5 or otherwise comply with any related laws or regulations.



Signed:	/s/ Louis J. Freeh


Name:	Louis J. Freeh


Date:	May 25, 2007