Freddie Mac has priced $4 billion of 3.750% five-year
Reference Notes due June 28, 2013, and $4 billion of
2.875% two-year Reference Notes due June 28, 2010.

The five-year issue (CUSIP: 3137EABM0) was priced at
99.991 to yield 3.751%, 69 basis points more than
five-year Treasury notes, the government-sponsored
enterprise said.

The two-year issue (CUSIP: 3137EABL2) was priced at
99.973 to yield 2.887%, 53 bps more than two-year
Treasury notes. The settlement date for both issues
is May 23.