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OF THE SECURITIES EXCHANGE ACT OF 1934
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GREAT WESTERN FINANCIAL CORPORATION
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Merger
Bulletin
[Great Western Logo]
May 27, 1997 Vol. 1 Number 10
To All Employees
"CHECK IT OUT" ADVERTISEMENT
COMPARES WASHINGTON MUTUAL WITH AHMANSON
For your information, attached is an advertisement that appeared in
the New York Times and Los Angeles Times newspapers.
The ad compares the performance of WAMU and Ahmanson in certain
respects, including stockholder return, dividend history and
capital position. It also compares merger issues such as
integration risk, track record and timing.
[A complete copy of the advertisement filed by Great Western
Financial Corporation with the SEC on May 21, 1997 was attached to
this bulletin.]
Published by Corporate Communications -- Great Western -- N 11 36 --
9200 Oakdale Avenue, Chatsworth, CA