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QUANTUMONLINE.COM SECURITY DESCRIPTION: Freddie Mac (Federal Home Loan Mortgage Corp.), 5.00% Perpetual Non-Cumulative Preferred Stock, liquidation preference $50.00 per share, and redeemable at the issuer's option on or after 3/31/2003 at $50 plus declared and unpaid dividends. Noncumulative distributions of 5.00% ($2.50) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date which is approximately the 15th day of the month in which the payment is made (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal holding restrictions and are also eligible for the dividends received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company.