GREAT WESTERN FINANCIAL CORP
DEFA14A, 1997-06-03
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]

           June 2, 1997                                     Vol. 1 Number 12

          To All Employees

                          SECURITIES ANALYSTS SUPPORT
                      GREAT WESTERN/WAMU MERGER IN NEW AD

          The attached advertisement appeared in Monday's Wall
          Street Journal, New York Times, Los Angeles Times and
          American Banker.

          Titled "Read What The Experts Are Saying About Washington
          Mutual And Great Western," the ad features quotes from
          securities analysts who are stock market observers who
          are following the merger.

          [A complete copy of the advertisement filed by Great
          Western Financial Corporation with the Securities and
          Exchange Commission on June 2, 1997 is attached to this
          bulletin.]

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


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