GREAT WESTERN FINANCIAL CORP
DEFA14A, 1997-06-04
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

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  { }  Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12

                      GREAT WESTERN FINANCIAL CORPORATION
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                                Merger Bulletin

                              [Great Western Logo]

           June 3, 1997                                     Vol. 1 Number 13

          To All Employees

                        COURT REJECTS AHMANSON ATTEMPT
                             TO DELAY MERGER VOTE

          The Delaware Chancery Court today denied Ahmanson's
          motion to delay the vote of Great Western stockholders on
          the Washington Mutual merger.

          The vote will take place as scheduled at the Special
          Meeting of Stockholders on Friday, June 13, at 10 a.m. 
          The 1997 Annual Meeting, which is also scheduled for June
          13, will be held at 2 p.m.  Both meetings will be held at
          the Great Western Employee Center located at Northridge.

          For additional details, please see the attached news
          release.

          [A complete copy of the press release filed by Great
          Western Financial Corporation with the Securities and
          Exchange Commission on June 3, 1997 is attached to this
          bulletin.]

          Published by Corporate Communications -- Great Western -- N 11 36 --
          9200 Oakdale Avenue, Chatsworth, CA  


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