EXHIBIT 22.1



                 GREAT WESTERN FINANCIAL CORPORATION

                      PARENT AND SUBSIDIARIES








Great Western Financial Corporation is incorporated in the State of
Delaware.

Listed below are the significant subsidiaries of GWFC, which are included
in the Consolidated Financial Statements.

                              Percentage
                              of Voting
                              Securities          State of
      Subsidiaries            Owned               Incorporation

Great Western Bank,
  A Federal Savings Bank         100%             Federal Charter

Aristar, Inc.                    100%             Delaware