FOR IMMEDIATE RELEASE

For Release: October 19, 2010

Contact: Ling Wang, Banking & Investor Relations

HERNDON, Va.—National Rural Utilities Cooperative Finance Corporation (CFC) (NYSE: NRU, NRC) will hold an investor conference call and webcast on Thursday, October 21, 2010, at 11 a.m. Eastern Time.

Chief Executive Officer Sheldon C. Petersen will provide an update on CFC’s business strategy, and Senior Vice President and Treasurer Andrew Don will review CFC’s fiscal year 2011 first-quarter financial results. A question-and-answer session will follow the presentations.

There are two ways to access the event:

Live Webcast Option: Go to www.nrucfc.coop, select “Investor Relations,” click on “Events & Presentations,” and then click on “1Q FY11 Investor Call Webcast.” Follow the log-in instructions to join the webcast. You can also pre-register for the event.

OR

Conference Call Option:
Domestic: 877-485-3103
International: 201-689-8890

Conference call participants will be able to view a synchronized slide presentation. Go to www.nrucfc.coop, select “Investor Relations,” click on “Events & Presentations,” choose “1Q FY11 Investor Call Webcast,” and then select the “Telephone” player option.

A replay of the webcast will be available on CFC’s website after the event on the “Events & Presentations” page in the Investor Relations section.

CFC’s Form 10-Q for the quarterly period ended August 31, 2010, was filed with the U.S. Securities and Exchange Commission (SEC) on October 13, 2010. A copy is available through the CFC website at nrucfc.coop or via the SEC’s EDGAR database at www.sec.gov.

About National Rural Cooperative Finance Corporation
National Rural is a cooperative that serves the nation’s rural utility systems, the majority of which are electric cooperatives. With approximately $20 billion in assets, National Rural provides its member-owners with an assured source of market-priced capital and financial products and services.

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