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Exhibit 10.11.1

AMENDMENT NO. 1
TO THE WASHINGTON MUTUAL, INC. DEFERRED COMPENSATION PLAN FOR DIRECTORS AND
CERTAIN HIGHLY COMPENSATED EMPLOYEES

1.Section 1.6 is amended by adding the following sentence to the end of
Section 1.6:

Compensation shall include payments from any deferred bonus or incentive plan to
the extent that the Plan Administration Committee has authorized the deferral of
such payments under Section 2.2.

2.Section 2.2 is amended by replacing Section 2.2(c) with the following:

(c)    Each Eligible Employee may also elect to defer a certain percentage
amount, up to 100%, of any payment to which Eligible Employee is entitled under
the Washington Mutual Advisors, Inc. Executive Deferred Compensation Award Plan
("Washington Mutual Advisors D.C. Plan") and the Washington Mutual Incentive
Plan for Certain Loan Consultants.

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AMENDMENT NO. 1 TO THE WASHINGTON MUTUAL, INC. DEFERRED COMPENSATION PLAN FOR
DIRECTORS AND CERTAIN HIGHLY COMPENSATED EMPLOYEES