AVAILABLE INFORMATION You should purchase the securities only if you have read and understood the following documents: •   this Offering Circular Supplement (this "Supplement") and •   the Base Offering Circular. The   Base   Offering   Circular   is   available   on   Ginnie   Mae's   website   located   at http://www.ginniemae.gov. If you do not have access to the internet, call The Bank of New York, which will act as information agent for the Trust, at (800) 234-GNMA, to order copies of the Base Offering Circular. Please consult the standard abbreviations of Class Types included in the Base Offering Circular as Appendix I and the Glossary included in the Base Offering Circular as Appendix II for definitions of capitalized terms. TABLE OF CONTENTS Page Terms Sheet .......................................... S-3 Risk Factors  .......................................... S-7 The Trust Assets  .................................. S-8 Ginnie Mae Guaranty .......................... S-9 Description of the Securities ............ S-10 Yield, Maturity and Prepayment Considerations .................................. S-14 Certain Federal Income Tax Consequences  .................................. S-26 Page ERISA Matters........................................ S-28 Legal Investment Considerations  .... S-29 Plan of Distribution  ............................ S-29 Increase in Size .................................... S-29 Legal Matters  ........................................ S-29 Schedule I: Available Combinations S-I-1 Schedule II: Scheduled Principal Balances.............................................. S-II-1 S-2