-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FYriRD/fOlQ441t7EYSTjQ1zUQzEotCXHcokhEMhKU/G8+hvPzYgGshqjzRJ54ly
 71jXzx58BVkNWBRENoxJMw==

<SEC-DOCUMENT>0001127602-08-008828.txt : 20081105
<SEC-HEADER>0001127602-08-008828.hdr.sgml : 20081105
<ACCEPTANCE-DATETIME>20081105162006
ACCESSION NUMBER:		0001127602-08-008828
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081103
FILED AS OF DATE:		20081105
DATE AS OF CHANGE:		20081105

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
		CENTRAL INDEX KEY:			0000310522
		STANDARD INDUSTRIAL CLASSIFICATION:	FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
		IRS NUMBER:				520883107
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3900 WISCONSIN AVE N.W.
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20016
		BUSINESS PHONE:		202-752-7000

	MAIL ADDRESS:	
		STREET 1:		3900 WISCONSIN AVE N.W.
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20016

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FEDERAL NATIONAL MORTGAGE ASSOCIATION
		DATE OF NAME CHANGE:	19950110

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SITES JOHN C JR
		CENTRAL INDEX KEY:			0001284580

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34140
		FILM NUMBER:		081163999

	BUSINESS ADDRESS:	
		STREET 1:		1200 RIVERPLACE BLVD
		STREET 2:		SUITE 902
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32207
		BUSINESS PHONE:		9043939020
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-11-03</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000310522</issuerCik>
        <issuerName>FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE</issuerName>
        <issuerTradingSymbol>FNM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001284580</rptOwnerCik>
            <rptOwnerName>SITES JOHN C JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3900 WISCONSIN AVENUE, N.W.</rptOwnerStreet1>
            <rptOwnerStreet2>C/O FANNIE MAE</rptOwnerStreet2>
            <rptOwnerCity>WASHINGTON</rptOwnerCity>
            <rptOwnerState>DC</rptOwnerState>
            <rptOwnerZipCode>20016</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-11-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>2100</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>.97</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Reporting Person As Custodian For Daughter</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-11-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>2100</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>.97</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Reporting Person As Custodian For Son</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes></footnotes>

    <ownerSignature>
        <signatureName>John C. Sites, Jr.</signatureName>
        <signatureDate>2008-11-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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