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

                  PRICING SUPPLEMENT NO. 2078 DATED MARCH 11, 1998
                  TO PROSPECTUS SUPPLEMENTAL DATED NOVEMBER 12, 1997
                    AND BASE PROSPECTUS DATED NOVEMBER 5, 1997

<TABLE>
<S>                          <C>
 Issuer:                      National Rural Utilities CFC

 Principal Amount:            $ 166,000.00


 Issue Price:                   100% of Principal Amount


 Original Issue Date:           03/16/98


 Maturity Date:                 01/15/99


 Interest Rate:                 5.700% 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:            None


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


 Other Terms:                   None



</TABLE>


Medium-Term Notes, Series C may be issued by the Company in an
aggregate principal amount of up to $1,550,000,000 and, to date,
including this offering, an aggregate of $329,886,000 Medium-Term
Notes, Series A, $620,114,000, Series B, and $1,444,379,000 Series C
have been issued.



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