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ADVISORY/Washington Mutual Celebrates a Decade of FREE CHECKING; Rodeo Grandmas Ride into Town to Usher in Next Decade


WHEN:   Tuesday, November 9, 12:00 p.m. to 12:30 p.m.

WHERE:  Pioneer Courthouse Square, downtown Portland

The year was 1994. Forest Gump won an Academy Award for Best
Picture and Celine Dion topped the charts with her No.1 pop song, The
Power of Love. 1994 also marked the debut of Washington Mutual's Free
Checking which has since helped inspire a nationwide trend. To help
commemorate this milestone, Washington Mutual is celebrating a Decade
of FREE CHECKING. On Tues., Nov. 9, thousands of dollars in $10 bills
will be handed out to passer-bys.

In addition to Free Checking, 1994 also launched the career of
four Ellensburg cowgirls. This foursome, who are also grandmas, today
range in age from 67-92. They quickly roped in the title of the Rodeo
Grandmas when they appeared in a series of Washington Mutual
commercials as part of the company's Free Checking ad campaign. As
part of Monday's celebration, the Rodeo Grandmas will once again ride
into town with a crowd-pleasing demonstration - including trick roping
and yodeling - reminiscent of their Old West commercials.

Ken Leander, retail bank group manager at Washington Mutual
The Washington Mutual Rodeo Grandmas:
   Chloe Weidenbach(A), 68 years-old    Peggy Minor Hunt, 77 years-old
   Janis Anderson, 67 years-old         Lorraine Plass, 92 years-old

(A) Editor's note: Weidenbach replaced one of the original Rodeo
    Grandmas, Judy Galladay, after she passed away in 1998. Weidenbach
    is the daughter of Rodeo Grandma Lorraine Plass.

In the past 10 years, competitors have followed Washington
Mutual's lead. Washington Mutual was one of the first banks to offer
Free Checking and has since "inspired" the trend on a national level,
most recently influencing markets such as New York and Chicago.

    CONTACT: Washington Mutual
             Darcy Donahoe-Wilmot, 206-377-3635 (work)
             425-444-2500 (mobile)

    SOURCE: Washington Mutual