Zero Coupon Debentures Due 2014
The Zero Coupon Debentures Due 2014 (the "Debentures") are unsecured general obligations of the Federal Home
Loan Mortgage Corporation ("Freddie Mac") offered pursuant to Freddie Mac's Debentures, Medium-Term Notes and
Discount Notes Offering Circular dated September 13, 1995 (the "Offering Circular"). The Debentures will have the terms
and characteristics set forth in the Offering Circular and in this Offering Circular Supplement. Capitalized terms used herein
and not otherwise defined herein have the meanings given them in the Offering Circular.
The Debentures will be issued with substantial "original issue discount." See "Certain Federal Tax Consequences -
U.S. Owners - Debt Obligations with Original Issue Discount" in the Offering Circular.
This Offering Circular Supplement should be read in conjunction with the Offering Circular and with Freddie Mac's
Information Statement dated March 31, 1998, its Information Statement Supplement dated May 15, 1998 and any other
supplements to such Information Statement. See "Availability of Information and Incorporation by Reference" in the Offering
Lehman Brothers Inc. (the "Underwriter") has agreed to purchase the Debentures from Freddie Mac at 37.992% of
their principal amount ($4,938,960 aggregate proceeds to Freddie Mac, before deducting expenses payable by Freddie Mac
estimated at $5,000). The Underwriter proposes to offer the Debentures for sale from time to time in one or more negotiated
transactions, or otherwise, at varying prices related to prevailing market prices to be determined, in each case, at the time of
sale. See "Plan of Distribution" in this Offering Circular Supplement and in the Offering Circular for additional information
concerning underwriting compensation.
It is expected that the Debentures, in book-entry form, will be available for deposit at any Federal Reserve Bank on or
about July 30, 1998, against payment therefor in immediately available funds.
THE DEBENTURES ARE NOT SUITABLE INVESTMENTS FOR A