EXHIBIT 1 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION $500,000,000 6.50% Notes, due 2007 $1,500,000,000 7.25% Notes, due 2012 $1,000,000,000 8.00% Notes, due 2032 Underwriting AgreementNational Rural Utilities Cooperative Finance Corp /Dc/ • March 8th, 2002 • Miscellaneous business credit institution
