Filed Under Rule 424(b)(3), Registration Statement No. 333-177949
Pricing Supplement Number 247 Dated December 05, 2011
(To: Prospectus Dated November 14, 2011 and Prospectus Supplement Dated November 17, 2011)


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

63743FNW2

[]

100.000%

1.650%

[]

Fixed

3.000%

MONTHLY

06/15/2020

01/15/2012

$2.50

Yes

Senior Unsecured Notes

Redemption Information: Non-Callable






 
  National Rural Utilities Cooperative Finance Corp Offering Dates: Monday, December 5, 2011 through Monday, December 12, 2011
Trade Date: Monday, December 12, 2011 @12:00 PM ET
Settlement Date: Thursday, December 15, 2011
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: Citigroup, Comerica Securities, J.J.B. Hilliard, W.L. Lyons, Inc., Morgan Stanley , UBS Investment Bank, Wells Fargo 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.  
 
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 National Rural Utilities Cooperative Finance Corp Prospectus Dated November 14, 2011