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                            SCHEDULE 14A INFORMATION
                  PROXY STATEMENT PURSUANT TO SECTION 14(a)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

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/ /  Preliminary Proxy Statement 
/ /  Confidential, for Use of the Commission Only (as permitted by 
     Rule 14s-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
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                (Name of Registrant as Specified In Its Charter)

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    (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
 
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        Attached is a revised slide to the presentation to investment analysts
which was filed with the Securities and Exchange Commission on May 22, 1997.
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EVOLUTION OF A
SUPER-REGIONAL FRANCHISE

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                       [MAP OF THE WESTERN UNITED STATES]

                                    1987(a)

                        Assets                 $5.7B
                        Loans                   3.0B
                        Deposits                3.5B
                        Equity                316.9mm
                        Stock Price             6.28
                        Market Capitalization 211.9mm


                       [MAP OF THE WESTERN UNITED STATES]


                                   1997: Q1

                        Assets                $46.1B
                        Loans                  32.2B
                        Deposits               24.3B
                        Equity                  2.4B
                        Stock Price            48.31
                        Market Capitalization   5.7B   

(a) As of and for the latest twelve months ended 12/31/87.

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[LOGO]  Washington Mutual                                 GREAT WESTERN [LOGO]

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