GREAT WESTERN FINANCIAL CORP
DEFA14A, 1997-05-27
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                           SCHEDULE 14A INFORMATION
                   PROXY STATEMENT PURSUANT TO SECTION 14(A)
                    OF THE SECURITIES EXCHANGE ACT OF 1934

  Filed by the Registrant {X}

  Filed by a Party other than the Registrant {_}

  Check the appropriate box:

  {_}  Preliminary Proxy Statement 
  {_}  Confidential, for Use of the Commission Only (as permitted by
       Rule 14a-6(e)(2))
  {_}  Definitive Proxy Statement 
  {X}  Definitive Additional Materials
  { }  Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12

                      GREAT WESTERN FINANCIAL CORPORATION
                   -----------------------------------------
                (Name of Registrant as Specified in Its Charter)

                   -----------------------------------------
    (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

  Payment of Filing Fee (Check the appropriate box):

  {X}  No fee required.

  {_}  Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

       (1)  Title of each class of securities to which transaction applies:

       (2)  Aggregate number of securities to which transaction applies:

       (3)  Per unit price or other underlying value of transaction computed
            pursuant to Exchange Act Rule 0-11 (set forth the amount on which
            the filing fee is calculated and state how it was determined): ___

       (4)  Proposed maximum aggregate value of transactions: ________________

       (5)  Total fee paid.
  --------
  {_}  Fee paid previously with preliminary materials.

  {_}  Check box if any part of the fee is offset as provided by Exchange Act
       Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
       paid previously.  Identify the previous filing by registration statement
       number, or the Form or Schedule and the date of its filing.

       (1)  Amount Previously Paid: __________________________________________

       (2)  Form, Schedule or Registration Statement No.: ____________________

       (3)  Filing Party: ____________________________________________________

       (4)  Date Filed: ______________________________________________________



                                    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


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