THE WHITE HOUSE

                     Office of the Press Secretary
                         (Aboard Air Force One)
________________________________________________________________________
For Immediate Release                                       May 20, 1999

              PRESIDENT CLINTON NAMES THREE MEMBERS TO THE
                     FANNIE MAE BOARD OF DIRECTORS

     The President today announced his intent to appoint Garry Mauro,

Jack Quinn, and Eli Segal as members of the Fannie Mae Board of Directors.

Mr. Garry Mauro, of Austin, Texas, is an attorney in private practice. Previously, he was elected to four consecutive terms as Commissioner of the Texas General Land Office, service from 1983 to 1998. During his tenure as Land Commissioner, he served as Chair of a number of boards, including the School Land Board, the Board for Lease of the Texas Departments of Parks and Wildlife, and the Coastal Coordination Council. The Veterans Land Board, of which he was also Chair, made long-term, low cost loans to Texas veterans for the purchase of land, housing and home improvements, and maintained a loan portfolio of over $1.2 billion. He also served two terms as President of the Western States Land Commissioners Association. Mr. Mauro received a BBA from Texas A&M University and his JD from the University of Texas Law School.

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. Mr. Quinn was also an Adjunct Professor of Law at Georgetown University Law Center, where he taught a seminar in constitutional law. He received a BS from Georgetown University and a JD from Georgetown University Law Center.

Mr. Eli J. Segal, of Washington, DC, formerly the CEO of AmeriCorps, is now serving as the President and CEO of The Welfare to Work Partnership. He also serves on the boards of Citizens Financial Group, the Corporation for National Service, the National Alliance to End Homelessness and the Board of Overseers of the Heller School of Brandeis University. Mr. Segal received his Bachelors degree from Brandeis University and his JD from the University of Michigan.

Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Over the past 30 years, Fannie Mae has provided nearly $2.5 trillion of mortgage financing for over 30 million families.

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