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]
TO ALL GREAT WESTERN STOCKHOLDERS:
READ WHAT THE EXPERTS ARE SAYING
ABOUT WASHINGTON MUTUAL
AND GREAT WESTERN...
"Washington Mutual's reputation for growth through
acquisition remained intact with the definitive agreement
to acquire Great Western. The combined companies will have
a combined balance sheet that will be well capitalized with
strong credit quality, strong revenue enhancement
opportunities in both spread and fee income, and continued
cost take-out opportunities."
First Call, Piper Jaffray: Steven R. Schroll, May 14, 1997.
"A combined WAMU-Great Western would be well positioned to
compete with BankAmerica and Wells Fargo throughout the
west and is likely to produce high returns and strong
earnings growth into the next century. . . . The value
likely to be created from the combination should be
substantial."
First Call, Bear Stearns: David Hochstim, May 14, 1997.
"[W]e believe that Washington Mutual will produce faster
EPS growth than Ahmanson. . . . Ahmanson's management is
committed to a strategy that de-emphasizes the mortgage and
gives rise to balance-sheet shrinkage and share repurchase
that, in our view, represents a suboptiomal use of
capital."
Bernstein Research, Sanford Bernstein: Jonathan E. Gray,
May 2, 1997.
"WAMU still has the advantage of a friendly merger
agreement and the ability to complete the transaction
almost immediately following the vote."
First Call, Alex. Brown: Joseph K. Morford III, May 14,
1997.
PROTECT YOUR INVESTMENT
VOTE THE GREEN AND GOLD PROXY CARDS TODAY!
GREAT WESTERN/WASHINGTON MUTUAL -
SUPERIOR MERGER. . .SUPERIOR PARTNER. . .SUPERIOR VALUE
[Great Western Logo]
June 2, 1997
IMPORTANT
If you have any questions, please call our solicitor,
GEORGESON & COMPANY INC.
Call toll free: 800-223-2064. Banks and brokers call (212)
440-9800.
Permission for use of analysts' quotes was sought and
granted.
