GREAT WESTERN FINANCIAL CORP
DEFA14A, 1997-05-20
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]

          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 19, 1997


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