<PAGE> 1
Rule 424(b)(3)
Registration No. 333-78931
PRICING SUPPLEMENT NO. 2371 DATED June 25, 1999
TO PROSPECTUS SUPPLEMENTAL DATED JUNE 7, 1999
AND BASE PROSPECTUS DATED JUNE 4, 1999
<TABLE>
<S> <C>
Issuer: National Rural Utilities CFC
Principal Amount: $500,000.00
Issue Price: 100% of Principal Amount
Original Issue Date: 06/30/1999
Maturity Date: 06/15/2001
Interest Rate: 6.300% 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 $5,050,000,000 and, to date,
including this offering, an aggregate of $329,886,000 Medium-Term
Notes, Series A, $620,114,000, Series B, and $3,599,867,000 Series C
have been issued.
