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AMENDMENT TO THE
WASHINGTON MUTUAL
EMPLOYEES' STOCK PURCHASE

        THIS AMENDMENT is made to the Washington Mutual Employees' Stock
Purchase Program (the "Plan") by Washington Mutual, Inc. (the "Company") on this
19th day of February, 2002.

RECITALS:

        WHEREAS, the Company has agreed to certain assets of HomeSide
Lending, Inc. ("HomeSide"); and

        WHEREAS, the Company agreed to provide certain past service credit for
purposes of eligibility to participate in the Plan to employees of HomeSide and
its affiliates and subsidiaries who are hired in connection the acquisition of
certain assets of HomeSide; and

        WHEREAS, the Company may amend the Plan;

        NOW, THEREFORE, effective as of March 1, 2002, Section 2.1(e) of the
Plan is amended by the addition of the following sentence:

Effective July 1, 2002, for purposes of this Section 2.1(e), an Employee who was
an employee of HomeSide Lending, Inc. or its affiliates and subsidiaries,
immediately before becoming an Employee and who was hired by the Company in
connection with its acquisition of certain assets of HomeSide Lending, Inc.,
shall be credited with service for HomeSide Lending, Inc., or its affiliates and
subsidiaries.

        IN WITNESS WHEREOF, the undersigned, an authorized officer of the
Company, has executed this amendment on the day and year first written above.

            WASHINGTON MUTUAL, INC.
 
 
By:
       

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    Its:        

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AMENDMENT TO THE WASHINGTON MUTUAL EMPLOYEES' STOCK PURCHASE
RECITALS