Appointment of Five Members of the Board of Directors of the Federal National Mortgage Association

October 15, 1984

The President today announced his intention to appoint the following individuals to be members of the Board of Directors of the Federal National Mortgage Association for terms ending on the date of the annual meeting of the stockholders in 1985. These are reappointments.

Merrill Butler is president of Butler Housing Corp. in Irvine, CA, and Bullard Homes Corp. in Fresno, CA. He began his homebuilding career in 1956, when he founded the Butler-Harbour Construction Co. in Anaheim, CA. He graduated from the University of Southern California in 1948. He is married, has three children, and resides in Newport Beach, CA. He was born February 18, 1925, in Los Angeles, CA.

James B. Coles has been owner and chairman of the board of James B. Coles, Inc., and the Coles Development Co., Inc., in San Diego, CA, since 1972. He is a member of the National Association of Home Builders. He graduated from San Diego State University (B.A., 1967). He is married, has two children, and resides in Del Mar, CA. He was born September 29, 1941, in Camden, NJ.

Bert A. Getz has been president and director of the Globe Corp., a holding company in Scottsdale, AZ, since 1959. He has also served as director of the Arizona Bank since 1970 and the First National Bank of Winnetka since 1968. He graduated from the University of Michigan (B.B.A., 1959). He is married, has three children, and resides in Scottsdale, AZ. He was born May 7, 1937, in Chicago, IL.

Dianne E. Ingels is a general partner in the York Co. in Denver, CO. She is also a real estate broker, investor, and consultant. She was president and broker, Ingels Co., Colorado Springs, CO, in 1976 - 1977. She was appointed to the Colorado Springs Urban Renewal Commission in 1972 and elected chairman of the commission in 1974. She graduated from the University of Colorado (B.S., 1963) and New York University (M.S., 1964). She was born August 8, 1941, in Denver, CO, and now resides in Colorado Springs.

James E. Lyon is chairman of the board and chief executive officer of the River Oaks Bank and Trust Co., the River Oaks Financial Corp., and Ruska Instruments Corp. He is a member of the World Business Council, American Institute of Banking, National Board of Banking, and the Houston Home Builders Association. He attended Rice University and the University of Houston. He has three children and resides in Houston, TX. He was born August 25, 1927, in Houston.