Use the below information to answer all the following questions.

FANNIE MAE

MORTGAGE-BACKED SECURITIES PROGRAM

SUPPLEMENT TO PROSPECTUS DATED JULY 01, 2004

$464,927,576.00

ISSUE DATE OCTOBER 01, 2005

SECURITY DESCRIPTION FNMS 05.0000 CL-844801

5.0000 PERCENT PASS-THROUGH RATE

FANNIE MAE POOL NUMBER CL-844801

CUSIP 31407YRW1

PRINCIPAL AND INTEREST PAYABLE ON THE 25TH OF EACH MONTH

BEGINNING NOVEMBER 25, 2005

On October 1, 2005, Fannie Mae issued a mortgage pass-through security and the prospectus supplement stated the following:

POOL STATISTICS
SELLER	WELLS FARGO BANK, N. A
SERVICE	WELLS FARGO BANK, N. A
NUMBER OF MORTGAGE LOANS	1986
AVERAGE LOAN SIZE	$234,312.06
MATURITY DATE	10/01/2035
WEIGHTED AVERAGE COUPON RATE	5.7500%
WEIGHTED AVERAGE LOAN AGE	1 MO
WEIGHTED AVERAGE LOAN TERM	360 MO
WEIGHTED AVERAGE REMAINING MATURITY	359 MO
WEIGHTED AVERAGE LTV	73%
WEIGHTED AVERAGE CREDIT SCORE	729

1. [2pts] Why does the pass-through rate differ from the average note rate paid by the borrowers in the loan pool for this security?
2. [2pts] The Wells Fargo Bank, N.A. is identified as the seller and the servicer. What does that mean?
3. [2pts] What does the following mean: MORTGAGE-BACKED SECURITIES PROGRAM SUPPLEMENT TO PROSPECTUS DATED JULY 01, 2004?