Reference Notes® Securities Auction Dealer Group

Freddie Mac has tentatively designated the following dealers as members of its Reference Notes® Securities Auction Dealer Group. All bids submitted in the auctions must come through these dealers.

To submit bids, investors and other dealers must pre-designate the dealers through which they wish to submit their bids. This step fosters consistent, accurate account identification and facilitates investor privacy (only designated dealers will see an account's name on the system). Investors must have a trading account in place with each dealer it designates. Investors without a trading relationship with any Dealer Group member must contact an intermediary dealer that has established a trading relationship with at least one Dealer Group member to participate in the auctions. See Investor and Intermediary Information for more information.

Dealer Group: Aiming to achieve widespread global distribution, Freddie Mac expects to accept orders through the following 27 dealers.

ABN AMRO	JP Morgan Securities
Banc of America Securities	Lehman Brothers
Barclays Capital, Inc.	Loop Capital Markets LLC
Bear, Stearns & Co. Inc.	Merrill Lynch
BNP Paribas	Mizuho International, PLC
Citigroup Global Markets, Inc.	Mitsubishi Securities International, PLC
Credit Suisse First Boston	Morgan Stanley
Deutsche Bank Securities Inc.	Nomura Securities International, Inc.
Dresdner Kleinwort Wasserstein	RBS Greenwich Capital
First Tennessee Capital Markets	UBS Investment Bank
Goldman Sachs Group	Wachovia Securities, Inc., L.P.
Guzman & Company	Williams Capital Group
HSBC Securities	Zions First National Bank