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`Project Side-by-Side' Brings Executives and Employees of Two Local Companies Together in Clean-Up Effort at Germantown Boys & Girls Club

    Who:      GMAC Mortgage President Mike O'Brien, Fannie Mae Chief Operating
               Officer and President Lawrence Small, senior-level executives,
               150 employees of both companies and representatives of the
               Germantown Boys & Girls Club.

    What:     Project Side-by-Side is a volunteer renovation and
               beautification project of the Germantown Boys & Girls Club
               which is home to after-school and other non-school activities,
               including tutoring, mentoring, sports, arts, etc. for the
               children of the Germantown section of Philadelphia.

    Where:    Germantown Boys & Girls Club,
               25 W. Penn Street, Philadelphia, Pa.

    When:     Thursday, June 4, from 9 a.m. to 4:30 p.m.; O'Brien and Small to
               speak to volunteers at 9 a.m.

    Details:  Although volunteer efforts from the Presidents' Summit for
               America's Future assisted in much-needed repairs to the
               facility, the century-old building and surrounding grounds is
               still in need of constant maintenance.

              Company presidents and senior-level executives volunteer their
               time during regular business hours to work side-by-side
               employees to renovate the Germantown Boys & Girls Club.
               Outside projects include cleaning an adjacent park littered
               with debris and overgrown weeds, planting low-maintenance
               flowers and shrubs, and repairing dilapidated park benches.
               Inside projects include repairing the two-story railing in the
               main stairway; applying a fresh coat of paint in the stairway,
               art room and library; repairing screens; cleaning throughout
               the building and discarding unusable items.  A colorful mural
               will be painted by professional artists in the preschool room.

    CONTACT:  Joan Dal Farra of GMAC Mortgage, 215-682-1931, or Katie C. Adams
of Fannie Mae, 202-752-6586.


SOURCE GMAC Mortgage Corporation




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