FREDDIE MAC PRESIDENT AND COO EUGENE M. MCQUADE TO ADDRESS MERRILL LYNCH BANKING & FINANCIAL SERVICES INVESTOR CONFERENCE

McLean, VA – Eugene M. McQuade, president and chief operating officer of Freddie Mac (NYSE: FRE), will address the Merrill Lynch Banking & Financial Services Investor Conference in New York City on Monday, November 15, 2004 at 3:30 p.m. ET.

A live webcast of the speech will be available through a link on Freddie Mac's Investor Relations Web page at http://www.FreddieMac.com/investors/. The webcast archive will be available through November 29, 2004.

Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac fulfills its mission by purchasing residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers in America.

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