SCHEDULE 14A INFORMATION

  Revocation 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 
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  {x}Soliciting Material Pursuant to (S)240.14a-11(c) or (S)240.14a-12

                    GREAT WESTERN FINANCIAL CORPORATION
                 -----------------------------------------
             (Name of Registrant as specified in its charter)

                    GREAT WESTERN FINANCIAL CORPORATION
                -----------------------------------------
                (Name of person(s) filing proxy statement)

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  (3)  Per unit price or other underlying value of transaction computed pursuant
       to Exchange Act Rule 0-11:      _______________________________________

  (4)  Proposed maximum aggregate value of transactions:     _________________

  (5)  Total fee paid.
  --------

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  {_}  Check box if any part of the fee is offset as provided by Exchange Act
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          Great Western Financial Corporation to Hold Special
          Meeting of Stockholders

               Great Western Financial Corporation (NYSE: GWF) will
          hold a special meeting of stockholders on Friday, June
          13, 1997, at 10:00 AM to vote on a merger agreement with
          Washington Mutual Savings (Nasdaq: WAMU).  The proposed
          merger will create the largest thrift institution in the
          United States.

               A second shareholders meeting will be held later
          that same day.  Great Western Financial Corporation's
          regular Annual Meeting of Stockholders will take place at
          2:00 PM.

               Both meetings will be held at the Great Western
          Employee Center, 19809 Prairie Street (located between
          Corbin and Oakdale Avenues) in Chartsworth.  Attendance
          is restricted to Great Western Financial Corporation
          stockholders.  News media representatives will be
          admitted to both events; however, cameras will not be
          permitted while the meetings are in session.

               CONTACT:  For more information and to confirm
          attendance:  Charlie Coleman, 818-775-3766 or Tim
          McGarry, 818-775-3658, both Great Western Financial
          Corporation.

               With assets of $42.9 billion, Great Western
          Financial Corporation is a diversified financial service
          company operating more than 1,150 mortgage lending,
          retail banking, and consumer finance offices nationwide. 
          Great Western's principal subsidiary, Great Western Bank,
          is a mortgage-oriented consumer bank with banking branch
          networks in California and Florida.