NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/, 424B3, 2000-07-26

Rule 424 (b) (3)

Registration No. 333-87793

PRICING SUPPLEMENT NO. 2705 DATED July 19, 2000

TO PROSPECTUS SUPPLEMENTAL DATED October 8, 1999

AND BASE PROSPECTUS DATED October 7, 1999

Issuer:	National Rural Utilities CFC
Principal Amount:	$500,000.00
Issue Price:	100% of Principal Amount
Original Issue Date:	07/24/00
Maturity Date:	07/15/02
Interest Rate:	7.35% per annum
Record Dates:	Each January 1 and July 1
Interest Payment Dates:	Each January 15 and July 15
Redeemable Date:	None
Agents Commission:	None
Form of Note:	Certificated
(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 $7,121,333,000 Series C have been issued.