Fannie Mae and TradeWeb Team Up to Provide Investors First-time Opportunity to Transact Primary Discount Notes Electronically

February 13, 2006, JERSEY CITY, NJ/WASHINGTON D.C-- Thomson TradeWeb, a unit of The Thomson Corporation (NYSE: TOC; TSX: TOC), and Fannie Mae (NYSE: FNM) today announced new technology that will enable institutional investors for the first time to directly access and trade Fannie Mae’s Discount Notes online through authorized dealers.

This enhancement broadens the range of innovative functionality on the TradeWeb Agency Discount Note platform (ADN) by adding primary offerings of Fannie Mae short-term securities to the existing universe of fixed income offerings online. Institutional investors in the primary market can now take advantage of the full range of TradeWeb’s award-winning trading and straight-through processing (STP) capabilities by working with select dealers on TradeWeb.

“This functionality provides investors a significantly easier way to view and trade Fannie Mae Discount Notes with our dealer group,” said Robert Dolecki, Director of Short-Term Funding at Fannie Mae. “Additionally, the technology will increase the liquidity and transparency of our short-term securities.”

“We highly value our relationship with Fannie Mae, and are delighted to have the company be the first agency to incorporate its securities into TradeWeb’s ADN platform,” said Erica Barrett, CP and ADN Market Manager at TradeWeb. “Fannie Mae, TradeWeb, dealers and clients will all benefit from this partnership.”

Transaction volume on Trade Web’s ADN platform jumped in 2005 to $2.3 trillion, a 59% increase over the previous year. Over 70% of volume traded came from trades of $100 million or more.

About Fannie Mae:

Fannie Mae issues debt securities in the domestic and global capital markets to finance its mortgage purchases and other business activities.

Fannie Mae’s Discount Notes are unsecured general obligations that are issued in book-entry form through the U.S. Federal Reserve Banks. Discount Notes have maturities ranging from overnight to 360 days from the date of issuance, excluding three- and six-month maturities, and are available in minimum amounts of $1,000 and increments of $1,000. Three- and six-month maturities are issued through the Benchmark Bills program. There are no periodic payments of interest on Discount Notes. They are sold at a discount from the principal amount and mature at par.

Discount Notes are offered each business day through a selling group of securities dealers and dealer banks. The commitment of the Discount Notes selling group to make active markets in these securities, combined with the large volume and broad distribution of issuance, has made Fannie Mae’s Discount Notes significantly more liquid than other agencies’ discount note programs and corporate commercial paper programs. Discount Notes are available on a cash-, regular-, or skip-day settlement basis.

About Thomson TradeWeb

TradeWeb is the leading online fixed-income trading network with over 8 million trades executed and total volume surpassing $100 trillion since its inception in 1998. TradeWeb’s multi-dealer auction model links the trading desks of 36 of the world’s leading Fixed-Income dealers with more than 2,200 buy-side institutions in North America, Europe and Asia. Over $200 billion in trading volume gets executed over TradeWeb each day.

The business is also the leading electronic “straight-through processing” network for the fixed-income markets, providing dealers and buy-side institutions with paperless trade allocations and confirmations on its fully integrated TradeXpress network. TradeWeb’s STP network also includes AccountNet, the first derivatives counterparty management tool and the leading data warehouse for standing settlement instructions and OTC derivatives legal documentation.

Thomson TradeWeb operates within the Thomson Financial group of businesses. TradeWeb LLC is a member of the NASD. TradeWeb Europe Limited is regulated by the U.K. Financial Services Authority.

About Thomson Financial

Thomson Financial is a US$1.73 billion provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a global leader in providing integrated information solutions to more than 20 million business and professional customers in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With revenues of US$8.10 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities. Nothing in this press release constitutes advice on the merits of buying or selling a particular investment. Any investment decision as to any purchase of securities referred to herein must be made solely on the basis of information contained in Fannie Mae’s Offering Circular datedOctober 17, 2005, and that no reliance may be placed on the completeness or accuracy of the information contained in this press release.

Contact Information

Jason Lobo

Fannie Mae

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