Appointment of Al Cardenas To Be a Member of the Board of Directors of the Federal National Mortgage Association

The President today announced his intention to appoint Al Cardenas to be a member of the Board of Directors of the Federal National Mortgage Association for a term ending on the date of the annual meeting of the stockholders in 1987. This is a reappointment.

Mr. Cardenas is a partner with the law firm of Broad and Cassel in Miami, FL. Previously he was Chairman of the Presidential Advisory Committee on Small and Minority Business Ownership.

Mr. Cardenas graduated from Florida Atlantic University (B.A., 1969) and Seton Hall University (J.D, 1974). Mr. Cardenas is married, has four children, and resides in Miami, FL. He was born January 3, 1948, in Havana, Cuba.