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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]
Experience is plentiful and demonstrated in many ways, especially
in the integration (of) acquisitions -- over 20 in the last ten
years -- and also in terms of stock price appreciation -- rising
35% per year compounded for the past seven years.
Steven Schroll
Piper Jaffray, First Call Research Notes, May 14, 1997
We came away from the presentation with increased confidence in
Washington Mutual's ability to execute its consumer banking
strategy, particularly in California. One of our clients put it
best: they actually seem to be running their bank like a
business!
Kenneth Posner
Morgan Stanley, First Call Research Notes, May 14, 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
It's true that the best advertising
is word of mouth.
[Washington Mutual logo]
Permission for use of analysts' quotes was sought and
granted. FDIC Insured
GROWTH + VALUE + EXPERIENCE = WASHINGTON MUTUAL
