THE WHITE HOUSE

                     Office of the Press Secretary
                        (Aboard Air Force One)
________________________________________________________________________
For Immediate Release                                 September 25, 1998

                   PRESIDENT CLINTON NAMES JACK QUINN 
                       TO THE BOARD OF DIRECTORS 
        OF THE FEDERAL NATIONAL MORTGAGE ASSOCIATION (FANNIE MAE)

The President today announced his intent to appoint Jack Quinn as a member of the Board of Directors of the Federal National Mortgage Association (Fannie Mae).

Mr. Jack Quinn, of Chevy Chase, Maryland, is a partner in the law firm of Arnold & Porter, directing their Public Policy Practice Group. He served as Counsel to the President of the United States from November 1995 to February 1997. Previously, he served with Vice President Gore, as Counsel and Deputy of Chief of Staff from January to May 1993, and thereafter, until February 1997, as the Vice President's Chief of Staff and Counselor. Prior to his government service, Mr. Quinn spent 17 years with Arnold & Porter, becoming a partner in 1982, and was also an Adjunct Professor of Law at Georgetown University Law Center, where he taught a seminar in constitutional law.

Mr. Quinn received his bachelor's degree from Georgetown University College of Arts and Sciences and his law degree from Georgetown University Law Center.

Fannie Mae is a congressionally chartered, shareholder-owned company and the nation's largest source of funds for home mortgages. It has committed to provide $1 trillion in targeted lending for 10 million homes by the end of the decade. The targeted lending will serve low-and moderate-income families, minorities, new immigrants, residents of central cities and other under served areas, and people who have special housing needs.

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