THE WHITE HOUSE

                     Office of the Press Secretary
                           (Omaha, Nebraska)
________________________________________________________________________
For Immediate Release                                   December 8, 2000

PRESIDENT CLINTON NAMES JAMES FREE TO THE FEDERAL HOME LOAN MORTGAGE

CORPORATION BOARD OF DIRECTORS

President Clinton announced today his intent to appoint James C. Free to the Board of Directors of the Federal Home Loan Mortgage Corporation (Freddie Mac).

Mr. James C. Free, of Washington, D.C., is President and CEO of the Smith-Free Group. After serving four years in the Carter Administration as Special Assistant to the President for Congressional Affairs, he joined Walker/Free Associates in 1981 as the Vice-Chair. Mr. Free is a former president of the American Society of House Chief Clerks and Senate Secretaries and was active in the National Conference of State Legislatures. Before coming to Washington, he served as Chief Clerk and Executive Officer of the Tennessee House of Representatives.

Mr. Free received a B.S. in Economics and Political Science and an M.A. in Public Administration from Middle Tennessee State University.

The Federal Home Mortgage Corporation (Freddie Mac) is a stockholder-owned corporation chartered by Congress in 1970, supporting home ownership and rental housing through the creation and development of a secondary market for residential mortgages. Freddie Mac provides a continuous flow of funds to mortgage lenders, estimated at over $100 billion annually.

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