FOR IMMEDIATE RELEASE

Contacts:
Kindle DiGiusto
NeXT Software, Inc.
415-780-3781
or
Nicole Overson
Copithorne & Bellows
415-975-2219


FANNIE MAE SELECTS NeXT AS ITS
OPEN APPLICATION DEVELOPMENT PLATFORM

WEBMANIA, SAN FRANCISCO, Calif.-January 30, 1996-NeXT Software, Inc.
today announced that Fannie Mae has signed a multi-million dollar
agreement to purchase NeXT's consulting services and open application
development software including; WebObjects (tm), OPENSTEP (tm),
Enterprise Objects Framework (tm), D'OLE (tm), and the OPENSTEP
object model (PDO (tm)).

With NeXT's suite of development tools, Fannie Mae can now integrate
their entire enterprise computing infrastructure including both
Windows and UNIX environments.  By taking advantage of NeXT's
powerful development and database access tools, new applications can
be developed and deployed on Windows, UNIX, and the Web while
coexisting with current systems.

"NeXT's approach was revolutionary in helping us to address our
business challenges," said Bill Kelvie, CIO Fannie Mae.  "It
completely redefined our concept of information.  To emphasize our
commitment, we have launched two internal training initiatives to get
all of our 750 technical professionals educated in the technology.
This is a major investment in our staff and a symbol of our belief in
NeXT's technology."

Julie St. John, senior vice president of transactions processing at
Fannie Mae, who heads up all NeXT development efforts said, "Our
development success with NeXT has been impressive.  NeXT's
development product suite is extremely robust and our developers
transition to the environment easily.  We intend to build on our
early successes with component software from NeXT."

"This agreement reflects NeXT's commitment to providing our
customers with a complete enterprise solution," said, Mitchell
Mandich, vice president of worldwide sales NeXT Software, Inc.
"NeXT's tools enable our customers to easily build complex
environments that can be deployed on the Internet, Intranet, and span
UNIX and Windows platforms.  Further, NeXT's frameworks preserve a
corporation's investment in technology by leveraging existing data
sources and systems."

Fannie Mae

Fannie Mae is a congressionally chartered, shareholder-owned company
and the nation's largest source of home mortgage funds.  It has
committed to provide $1 trillion in targeted lending for 10 million
homes by the end of the decade.  The targeted lending will serve low-
and moderate-income families, minorities, new immigrants, residents
of central cities and other underserved areas, and people who have
special housing needs.

NeXT Software, Inc.

NeXT delivers an open development environment for building custom
applications for both the World Wide Web and the Enterprise.  NeXT's
development software adds value to today's business by shortening the
development cycle, working with an organization's existing
technology, supporting current and emerging standards, and enabling
organizations to grow and change with ease.

Providing its customers with a combination of award-winning software
and professional services, NeXT delivers real-world solutions.

NeXT Software, Inc. is headquartered in Redwood City, California,
and has offices in North America, London, Paris, Munich, and Tokyo.

For more information please visit NeXT's Web site at
http://www.next.com or call 1-800-TRY-NeXT.

Trademark Info:
NeXT, the NeXT logo, OPENSTEP, WebObjects, PDO, Portable Distributed
Objects, Enterprise Objects Framework, D'OLE, and NEXTSTEP are
trademarks or registered trademarks of NeXT Software, Inc.  All other
trademarks mentioned belong to their respective owners.

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