I do recall that 286/20mhz processors were made. One of my brother's friends had one, but I never used it. The 486 processors started at 25mhz and went to 100mhz (intel) or 133mhz (AMD). The 133mhz was was nice, especially with one of those motherboards that had PCI slots on it.
The two numbers sound right for a 386 though.