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, OPENSTEP, Enterprise Objects Framework,
D'OLE, and the OPENSTEP object model (PDO).

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.
 
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