<PAGE> 1


                                                                  Rule 424(b)(3)
                                                      Registration No.  33-50463

                   PRICING SUPPLEMENT NO. 1348 DATED June 2, 1995
                  TO PROSPECTUS SUPPLEMENTAL DATED APRIL 13, 1995
                    AND BASE PROSPECTUS DATED OCTOBER 22, 1993

<TABLE>
<S>                          <C>

 Principal Amount:            $  1,000.00


 Issue Price:                   100% of Principal Amount


 Original Issue Date:            6/09/95


 Maturity Date:                 11/15/99

 
 Interest Rate:                 6.280% per annum


 Record Dates:                  Each January 1 and July 1


 Interest Payment Dates:        Each January 15 and July 15


 Redeemable Date:               None


 Agent's Commission:            0.45%


 Form of Note
 (Book-Entry or Certificated):  Book-Entry


 Other Terms:                   Lehman Brothers acting as agent for the Company



</TABLE>


Medium-Term Notes, Series C may be issued by the Company in an
aggregate principal amount of up to $400,000,000 and, to date,
including this offering, an aggregate of $329,886,000 Medium-Term
Notes, Series A, $620,114,000, Series B, and $404,115,000 Series C
have been issued.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission