Offering Circular Supplement (To Base Offering Circular dated October 1, 2004) $344,412,090 Government National Mortgage Association GINNIE MAE® Guaranteed Multifamily REMIC Pass-Through Securities Ginnie Mae REMIC Trust 2006-008 The   securities may not be suita- ble   investments for     you.     You should   consider carefully    the     risks of investing in them. See  "Risk  Fac- tors"   beginning on    page    S-7 which highlights some    of    these risks. The Securities The Trust will issue the Classes of Securities listed on the inside front cover. The Ginnie Mae Guaranty Ginnie Mae will guarantee the timely payment of principal and interest on the securities. The Ginnie Mae Guaranty is backed by the full faith and credit of the United States of America. Ginnie Mae does not guarantee the payment of any prepayment penalties. The Trust and its Assets The Trust will own the Ginnie Mae Multifamily Certificates described on Exhibit A. The Sponsor and the Co-Manager will offer the securities from time to time in negotiated transactions at varying prices. We expect the closing date to be March 30, 2006. You  should  read  the  Base  Offering  Circular  for  Guaranteed  Multifamily  REMIC Pass-Through Securities as well as this Supplement. The securities are exempt from registration under the Securities Act of 1933 and are "exempted securities" under the Securities Exchange Act of 1934. BANC OF AMERICA SECURITIES LLC DEUTSCHE BANK SECURITIES MYERBERG AND COMPANY L.P. The date of this Offering Circular Supplement is March 23, 2006. C-20