GREAT WESTERN FINANCIAL CORP
DEFA14A, 1997-05-22
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: ______________________________________________________


                          [NEWSPAPER ADVERTISEMENT]

     [THE FOLLOWING IS A TRANSLATION OF AN AD APPEARING IN SPANISH]

     Thank you, California, for your warm support of Washington Mutual
     and Great Western.

     [Graphic: Excerpts from letters.]

     "I further move that the City Clerk be instructed to notify the
     Office of Thrift Supervision of the City of Los Angeles opposition
     to the hostile takeover by H. F. Ahmanson due to significant
     financial impact on the City of Los Angeles and the expected loss
     of over 3,000 jobs."
                                    Hal Bernson-Councilman, 12th District
               Los Angeles City Council Motion passed unanimously, 4/2/97

     "Like all good legacies, the proposed [Great Western/Washington
     Mutual] merger has garnered our support because it will enable the
     good works of both institutions to continue in underserved
     communities."
                                                                Lori Gay-
                       Los Angeles Neighborhood Housing Services, 4/17/97

     "We prefer that mergers be non-hostile and interested not only in
     shareholder values but also in stakeholder values...We perceive the
     Washington Mutual/Great Western merger as a promise to continue and
     grow the stake."
                                                       Steven D. Johnson-
                        First African Methodist Episcopal Church, 4/18/97

     "...we are writing to state our full support of the proposed merger
     between Great Western Bank and Washington Mutual."
                                                         John W. Johnson-
                                    San Diego Urban League, Inc., 4/17/97

     "I am writing on behalf of Consumer Action (CA), a non-profit
     consumer education and advocacy organization with offices in San
     Francisco and Los Angeles, to oppose the proposed hostile takeover
     of Great Western by H.F. Ahmanson."
                                                          Ken McEldowney-
                                                  Consumer Action, 4/4/97

     "I am writing to you to urge the approval of Washington Mutual's
     merger with Great Western Bank.  I believe that this merger is one
     that will greatly benefit not only the two entities in question,
     but the public as well."
                                                         Dolores Sanchez-
                                Eastern Group Publications, Inc., 4/17/97

     "The purpose of this letter is to support the merger of Great
     Western Bank and Washington Mutual...[Great Western/Washington
     Mutual] we applaud and appreciate their mutual commitment to
     America's lower income communities."
                                                        Dean L. Rohrbach-
                          San Diego Neighborhood Housing Service, 4/21/97

     These are just a few of the many letters we have received
     supporting Washington Mutual and Great Western.

     The community has spoken.


     WASHINGTON MUTUAL/GREAT WESTERN FINANCIAL: BUILDING A PARTNERSHIP
     WITH THE COMMUNITY

     [Washington Mutual logo]                        [Great Western logo]

     May 22, 1997





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