Rule 424 (b) (3)
Registration No. 333-87793
Cusip#63743HCV2
PRICING SUPPLEMENT NO. 2686 DATED June 13, 2000
TO PROSPECTUS SUPPLEMENTAL DATED October 8, 1999
AND BASE PROSPECTUS DATED October 7, 1999
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
Medium-Term Notes, Series C
With Maturities of Nine Months or More from Date of Issue
Floating Rate Notes
Principal Amount: $600,000,000.00
Issue Price: 100% of Principal Amount
Original Issue Date: 06/15/00
Maturity Date: 06/15/01
Initial Interest Rate: Determined as described below
Base Rate: LIBOR Telerate
Spread: Minus 4 basis points
Index Maturity: 3 months
Record Dates: On the 1st of each September,
December, March and the 15TH of June
Interest Payment Dates: On the 15th of September, December,
March, and the Maturity Date,
commencing September 15, 2000
Reset Period: Quarterly
Interest Reset Dates: On the 15th of each September,
December, and March
commencing June 15, 2000
Redemption Date: None
Agents Discount or Commission: 0.050%
Agents(s): Chase Securities Inc. ($200,000,000)
J.P. Morgan & Co. ($200,000,000)
Lehman Brothers ($200,000,000)
Capacity: Principal
Form of Note: Book-Entry
(Book-Entry or Certificated)
Other Terms: None
Medium-Term Notes, Series C may be issued by the Company in an aggregate
principal amount of up to $8,050,000,000 and, to date, including this offering,
an aggregate of $329,886,000 Medium-Term Notes, Series A, $620,114,000,
Series B and $6,112,768,000 Series C have been issued.
