SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A)
OF THE SECURITIES EXCHANGE ACT OF 1934
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GREAT WESTERN FINANCIAL CORPORATION
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(Name of Registrant as Specified in Its Charter)
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[Newspaper Advertisement]
GRAPH TITLE: Total Return to Stockholders(1)
From: 12/29/89 to 4/30/97
[Graph appears here with two lines, one for Washington
Mutual and the second for Ahmanson]
[Horizontal line: dates (12/29/89 - 4/30/97); Vertical
line: percentage (-100% through 700%)]
Date Washington Mutual Ahmanson
12/29/89 0.00% 0.00%
3/30/90 -12.24% -6.83%
6/29/90 - 6.91% 10.28%
9/28/90 41.82% 27.12%
12/31/90 -32.93% -25.18%
3/29/91 11.51% 3.19%
6/28/91 40.92% 2.92%
9/30/91 101.57% 5.58%
12/31/91 91.26% 1.41%
3/31/92 85.90% -8.42%
6/30/92 124.59% 21.00%
9/30/92 124.60% 15.05%
12/31/92 191.77% 18.31%
3/31/93 177.89% 17.23%
6/30/93 201.33% 9.22%
9/30/93 258.55% 26.31%
12/31/93 220.82% 26.18%
3/31/94 157.66% 9.85%
6/30/94 178.44% 24.31%
9/30/94 177.52% 38.86%
12/30/94 132.29% 8.68%
3/31/95 179.15% 22.77%
6/30/95 230.01% 51.51%
9/29/95 275.10% 76.37%
12/29/95 311.89% 85.70%
3/29/96 327.32% 71.58%
6/28/96 332.52% 92.67%
9/30/96 492.70% 101.54%
12/31/96 534.61% 135.49%
3/31/97 611.13% 164.98%
4/30/97 630.59% 177.73%
[End of Graph]
WHY WASHINGTON MUTUAL?
BOY, THAT'S A HEAD-SCRATCHER.
Just look at the figures.
Since 1990, Washington Mutual has delivered to its
stockholders a total return greater than 600%. That's
right, more than 600%.
Take this history of superior long-term performance
and combine it with the fact that Washington Mutual was
rated the number one most admired savings institution in
the country by its peers in Fortune(2) magazine, and you
get what you call a "no brainer."
These could be a few of the reasons why Great
Western's Board of Directors chose Washington Mutual to
be their merger partner.
[Washington Mutual Logo]
The friend of the family [TM]
FDIC Insured
1 Source: Bloomberg Financial Markets. Return
includes reinvestment of dividends.
2 From an article titled "America's Most Admired
Companies," Fortune magazine March 3, 1997.
America's Most Admired Companies and Fortune
magazine are trademarks belonging to Time, Inc.
