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GREAT WESTERN FINANCIAL CORPORATION
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[Newspaper Advertisement]
[Graphic: excerpts from analyst reports beginning and ending
with large quotation marks in circles]
Recent results indicate the bank has essentially met (its)
ambitious goals, with first quarter ROE above target and
efficiency ratio better (i.e., below) target.
Thomas Theurkauf, Keefe, Bruyette & Woods,
First Call Research Notes, May 15, 1997
Last year's merger with American Savings Bank is progressing
better than expected as Washington Mutual's products are being
well received in California. Earnings momentum is very good as a
result.
Value Line Investment Survey
May 2, 1997
Washington Mutual's strategy . . . . will lead to a higher
price/earnings multiple for a Great Western -- Washington Mutual
combination.
Jonathan Gray, Sanford C. Bernstein & Co.,
Dow Jones News Service, May 20, 1997
We couldn't have said it better ourselves.
[Washington Mutual logo]
Permission for use of analysts' quotes
was sought and granted. FDIC Insured
GROWTH + VALUE + EXPERIENCE = WASHINGTON MUTUAL
