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2006 Proxy Statement

The complete 2006 proxy has been divided into three segments for easier online viewing and printing.

Segment 1 of the Proxy Statement contains the following information:

Table of Contents
ABOUT THE MEETING
CORPORATE GOVERNANCE
 Corporate Governance Guidelines
 Director Independence
 Director Qualifications
 Audit Committee Financial Expert
 Codes of Conduct
 Chairman of the Board
 Lead Director
 Contacting the Board
 Stock Ownership by Directors, Executive Officers
 and Greater than 5% Holders
PROPOSAL 1: ELECTION OF DIRECTORS
 Director Nomination Process
 Nominees for Election
 Meetings of the Board and Committees
 Board Compensation
 Compensation Committee Interlocks and Insider
 Participation
 Transactions with Institutions Related to Directors
 Legal Proceedings
 Indemnification and Other Reimbursements of Directors,
    Officers and Employees

Segment 2 of the Proxy Statement contains the following information:

 
AUDIT COMMITTEE REPORT
EXECUTIVE OFFICERS
REPORT OF THE CHRC ON EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION
    Compensation Tables
    Stock Performance Graph
    Executive Deferred Compensation Plan
    Pension Plan and Supplemental Executive Retirement Plan
    Employment Separation Arrangements

Segment 3 of the Proxy Statement contains the following information:

 
PROPOSAL 2: RATIFICATION OF APPOINTMENT OF 
   INDEPENDENT AUDITORS
    Description of Fees
    Approval of Independent Auditor Services and Fees
PROPOSAL 3: STOCKHOLDER PROPOSAL
    Charitable Contributions Report
    Company Statement in Opposition to Stockholder 
   Proposal Regarding Charitable Contributions
OTHER PROPOSED ACTIONS
AVAILABILITY OF ANNUAL REPORT
SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING
STOCKHOLDER PROPOSALS AND NOMINATIONS FOR NEXT ANNUAL 
   MEETING OF STOCKHOLDERS
SOLICITATION BY BOARD; EXPENSES OF SOLICITATION
Appendix A, Freddie Mac's Corporate Governance Guidelines
Appendix B, Audit Committee Charter