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$100,000,000 Freddie Mac

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The document is a Pricing Supplement dated July 29, 2004, for Freddie Mac's Variable Rate Medium-Term Notes due November 20, 2007, totaling $100 million. It outlines the terms of the notes, including their variable interest rate linked to LIBOR, repayment options for beneficial owners, and associated risks. The notes are repayable at the owner's option starting August 3, 2004, with specific procedures for exercising this option. The document emphasizes the importance of understanding risks related to variable interest rates and market conditions.

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