PATRICIA L. COOK

EXECUTIVE VICE PRESIDENT, INVESTMENTS

Patricia L. Cook joined Freddie Mac as executive vice president, investments on August 2, 2004. Ms. Cook reports to Richard F. Syron, chairman and chief executive officer. A Wall Street veteran with 25 years of experience developing and managing fixed-income investment strategies, Ms. Cook manages the company's approximately $630 billion retained mortgage portfolio, debt issuance, and its asset/liability risk management strategies.

Prior to joining Freddie Mac, she served as managing director and chief investment officer, global fixed income, for JPMorgan Fleming Asset Management. Ms. Cook joined JPMorgan Fleming Asset Management, with nearly $300 billion in total assets under management, in May 2003 and was responsible for management of fixed income investments across all asset classes. She has also served as managing director and chief investment officer, fixed income, for Prudential Investment Management. She previously held management positions with Fisher Francis Trees & Watts and Salomon Brothers, Inc.

Ms. Cook is a graduate of St. Mary's College, and received a Masters in Business Administration degree from New York University. She has been a member of the Treasury Borrowing Advisory Committee.

Freddie Mac is a stockholder-owned corporation established by Congress in support of homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers in America and more than two million renters across America.