Filed Under Rule 424(b)(3), Registration Statement No. 333-109310
Pricing Supplement Number 151 Dated 05/27/2008
(To: Prospectus Dated October 17, 2003 and Prospectus Supplement Dated: November 09, 2004)
 

CUSIP  Number

Principal Amount

Selling Price

Gross Concession

Net Proceeds

Coupon Type

Coupon Rate

Coupon Frequency

Maturity Date

1st Coupon Date

1st Coupon Amount

Survivor's Option

Product Ranking

Moody's Rating

S & P Rating

Fitch Rating

63743FJA5

$9,059,000.00

100.000%

0.625%

$9,002,381.25

FIXED

4.000%

SEMI-ANNUAL

11/15/2010

11/15/2008

$18.33

YES

Senior Unsecured Notes

A2

A

A

Redemption Information: Non-Callable.
 

National Rural Utilities Cooperative Finance Corp   Offering Dates: May 27, 2008 through May 27, 2008
Trade Date: Tuesday, May 27, 2008 @12:00 PM ET
Settle Date: Friday, May 30, 2008 
Minimum Denomination/Increments: $1,000.00/$1,000.00
Initial trades settle flat and clear SDFS: DTC Book Entry only
DTC number: 0235 via RBC Dain Rauscher Inc. Agents: Banc of America Securities LLC, Incapital, LLC , A.G. Edwards, Charles Schwab & Co., Inc., Comerica Securities, Edward D. Jones & Co., L.P., J.J.B. Hilliard, W.L. Lyons, Inc., Merrill Lynch & Co., Morgan Stanley, UBS Securities LLC   If the maturity date or an interest payment date for any note is not a Business Day (as term is defined in Prospectus), principal, premium, if any, and interest for that note is paid on the next Business Day, and no interest will accrue from, and after, the maturity date or interest payment date.   InterNotes® is a registered trademark of Incapital Holdings LLC.  All rights reserved   National Rural Utilities
Cooperative Finance Corporation
$500,000,000.00 CFC InterNotes
Prospectus Dated 17-Oct-03 and Prospectus Supplement Dated: 09-Nov-04