<SUBMISSION>
<ACCESSION-NUMBER>0000950134-07-025159
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20071210
<ITEMS>2.05
<ITEMS>2.06
<ITEMS>9.01
<FILING-DATE>20071210
<DATE-OF-FILING-DATE-CHANGE>20071210
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>WASHINGTON MUTUAL, INC
<CIK>0000933136
<ASSIGNED-SIC>6035
<IRS-NUMBER>911653725
<STATE-OF-INCORPORATION>WA
<FISCAL-YEAR-END>1231
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<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-14667
<FILM-NUMBER>071296284
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1301 SECOND AVENUE
<CITY>SEATTLE
<STATE>WA
<ZIP>98101
<PHONE>206-461-2000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1301 SECOND AVENUE
<CITY>SEATTLE
<STATE>WA
<ZIP>98101
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>WASHINGTON MUTUAL INC
<DATE-CHANGED>19941123
</FORMER-COMPANY>
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<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v36405ae8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

</DIV>
<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT</B>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Pursuant to Section&nbsp;13 or 15(d) of the<BR>
Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date
of Report (Date of Earliest Event Reported): December 10, 2007</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B><FONT style="border-bottom: 1px solid #000000">WASHINGTON MUTUAL, INC.</FONT></B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of Registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Washington</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-14667</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>91-1653725</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">of incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>1301 SECOND AVENUE<BR>
SEATTLE, WASHINGTON 98101</B><BR>
(Address of principal executive offices and Zip Code)

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Registrant&#146;s telephone number, including area code: (206)&nbsp;461-2000
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV style="margin-top: 1px"><FONT style="border-top: 1px solid #000000">(Former name or former address, if changed since last report)</FONT></DIV>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="right"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&nbsp;Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR
230.425)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="right"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&nbsp;Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR
240.14a-12)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="right"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&nbsp;Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
   <TD width="4%" nowrap align="right"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&nbsp;Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">








<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">Item&nbsp;2.05 Costs Associated with Exit or Disposal Activities</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">Item&nbsp;2.06 Material Impairments</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">Item&nbsp;9.01 Financial Statements and Exhibits</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">SIGNATURE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="v36405aexv99w1.htm">EXHIBIT 99.1</A></TD></TR>
</TABLE>
</CENTER>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>





<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 2 &#150; FINANCIAL INFORMATION</B>
</DIV>

<!-- link1 "Item&nbsp;2.05 Costs Associated with Exit or Disposal Activities" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2.05 Costs Associated with Exit or Disposal Activities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On December&nbsp;10, 2007, Washington Mutual, Inc. (the &#147;Company&#148;) announced that, in response to a
fundamental shift in the home mortgage market due to credit dislocation and a prolonged
period of reduced capital markets liquidity, it intends to significantly change the
strategic focus of its Home Loans business to accelerate its
alignment  with the Company&#146;s
retail banking operations. As part of these restructuring activities,
the Company intends to discontinue all remaining lending through its subprime mortgage channel,
close approximately 190 of 336 home loan centers and sales offices,
close nine Home Loans processing and call
centers, eliminate approximately 2,600 positions in the Home Loans business and approximately 150 positions in related
corporate support functions, and close WaMu Capital Corp., its
institutional broker-dealer business, as well as its mortgage broker
finance warehouse lending operation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with these activities, the Company estimates that it will incur a pre-tax
restructuring charge in the quarter ending December&nbsp;31, 2007, of
approximately $90&nbsp;million, which
consists of approximately $30&nbsp;million in termination benefits,
approximately $30&nbsp;million in lease termination and other
decommissioning costs, and
approximately $30&nbsp;million in fixed asset write-downs. The
Company estimates that of the total estimated pre-tax restructuring
charge, approximately $60
million will result in future cash outlays. The restructuring activities are expected to be
completed by March&nbsp;31, 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company will provide additional disclosure, in accordance with Statement of Financial Accounting
Standard No.&nbsp;146, <I>Accounting for Costs Associated with Exit or Disposal
Activities</I>, in its Annual Report on Form 10-K for the year ended December&nbsp;31, 2007.
</DIV>

<!-- link1 "Item&nbsp;2.06 Material Impairments" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2.06 Material Impairments.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
described above, as a result of the fundamental shift in the mortgage
market and the actions the Company is taking to resize its Home Loans
business, the
Company will incur a fourth quarter 2007 non-cash after-tax
impairment charge of approximately $1.6 billion for the write-down
of all goodwill associated with the Home Loans business. This charge will not affect the Company&#146;s tangible or regulatory capital or liquidity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company will provide additional disclosure, in accordance with
Statement of  Financial Accounting
Standard  No.&nbsp;142, <I>Goodwill and Other Intangible Assets</I>, in its Annual Report on
Form 10-K for the year ended December&nbsp;31, 2007.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please refer to the Company&#146;s press release dated December&nbsp;10, 2007, filed herewith as
Exhibit&nbsp;99.1, for additional information concerning the matters described under Items 2.05 and 2.06
of this Form 8-K and for other information of importance to the Company&#146;s shareholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>CAUTIONARY STATEMENTS</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This document contains forward-looking statements, which are not historical facts and pertain
to future operating results. These forward-looking statements are within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not
limited to, statements about our plans, objectives, expectations and intentions and other
statements contained in this document that are not historical facts. When used in this
presentation, the words &#147;expects,&#148; &#147;anticipates,&#148; &#147;intends,&#148; &#147;plans,&#148; &#147;believes,&#148; &#147;seeks,&#148;
&#147;estimates,&#148; or words of similar meaning, or future or conditional verbs, such as &#147;will,&#148; &#147;would,&#148;
&#147;should,&#148; &#147;could,&#148; or &#147;may&#148; are generally intended to identify forward-looking statements. These
forward-looking statements are inherently subject to significant business, economic and competitive
uncertainties and contingencies, many of which are beyond our control. In addition, these
forward-looking statements are subject to assumptions with respect to future business strategies
and decisions that are subject to change. Actual results may differ materially from the results
discussed in these forward-looking statements for the reasons, among others, discussed under the
heading &#147;Factors That May Affect Future Results&#148; in Washington Mutual&#146;s 2006 Annual Report on Form
10-K and &#147;Cautionary Statements&#148; in our Forms 10-Q for the quarters ended March&nbsp;31, 2007, June&nbsp;30,
2007 and September&nbsp;30, 2007 which include:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B><FONT style="font-family: Wingdings">&#167;</FONT>
</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Volatile interest rates and their impact on the mortgage</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B><FONT style="font-family: Wingdings">&#167;</FONT>
</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>banking business;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B><FONT style="font-family: Wingdings">&#167;</FONT>
</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Credit risk;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B><FONT style="font-family: Wingdings">&#167;</FONT>
</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Operational risk;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B><FONT style="font-family: Wingdings">&#167;</FONT>
</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Risks related to credit card operations;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B><FONT style="font-family: Wingdings">&#167;</FONT>
</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Changes in the regulation of financial services companies,
housing government-sponsored enterprises and credit card lenders;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B><FONT style="font-family: Wingdings">&#167;</FONT>
</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Competition from banking and nonbanking companies;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B><FONT style="font-family: Wingdings">&#167;</FONT>
</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>General business, economic and market conditions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B><FONT style="font-family: Wingdings">&#167;</FONT>
</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Reputational risk;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B><FONT style="font-family: Wingdings">&#167;</FONT>
</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Liquidity risk; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B><FONT style="font-family: Wingdings">&#167;</FONT>
</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Valuation risk.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are other factors not described in our 2006 Form 10-K and Forms 10-Q for the quarters
ended March&nbsp;31, 2007, June&nbsp;30, 2007 and September&nbsp;30, 2007 which are beyond the Company&#146;s ability
to anticipate or control that could cause results to differ.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 9 &#151; FINANCIAL STATEMENTS AND EXHIBITS</B>
</DIV>

<!-- link1 "Item&nbsp;9.01 Financial Statements and Exhibits" -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Exhibits</U>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">99.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Washington Mutual, Inc. Press Release dated December&nbsp;10, 2007</TD>
</TR>


</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

&nbsp;


<!-- link1 "SIGNATURE" -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="56%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: December&nbsp;10, 2007 &nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" valign="top"><B>WASHINGTON MUTUAL, INC.</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:&nbsp;&nbsp;</TD>
    <TD align="left" valign="top">/s/ Melissa J. Ballenger</TD>
</TR>

<TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Melissa J. Ballenger<BR>
Senior Vice President and Controller</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="004"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>



<DIV align="center">
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    <TD width="92%">&nbsp;</TD>
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    <TD nowrap align="left"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Description</B></TD>
</TR>

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Washington Mutual, Inc. Press Release dated December&nbsp;10, 2007</TD>
</TR>
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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v36405aexv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 99.1</TITLE>
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<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><b>EXHIBIT 99.1</b>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WaMu to Raise $2.5 Billion in Additional Capital, Reduce Dividend,<br> Resize Home Loans Business and
Cut Expenses to Fortify Capital Base</B>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Expects Net Loss for Fourth Quarter 2007 With Non-cash
Writedown of Home Loans Segment
Goodwill</I></B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Non-cash Writedown Will Not Affect Key Capital Ratios or Liquidity</I></B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Company Release &#150; 12/10/2007
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Seattle &#151; Washington Mutual, Inc. (NYSE:WM) announced today a series of actions designed to
address the unprecedented challenges in the mortgage and credit markets by strengthening the
company&#146;s capital and liquidity and accelerating the alignment of its Home Loans business with its
retail banking operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These actions include:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A capital offering of convertible preferred stock with aggregate proceeds of
approximately $2.5&nbsp;billion;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A major reduction in company-wide noninterest expense of approximately $500&nbsp;million
for 2008 as a result of a substantial resizing of its Home Loans business and reduced
corporate support expense; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A significant change in the strategic focus of its Home Loans business in response to
a changed market.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, the company said its Board of Directors intends to reduce the quarterly dividend rate
to $0.15 per share from its most recent quarterly dividend rate of $0.56 per share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;A substantial infusion of new capital, significant expense reductions, the major change in our
home loans business, and our planned dividend reduction all combine to further fortify WaMu&#146;s
strong capital and liquidity position,&#148; said WaMu Chairman and Chief Executive Officer Kerry
Killinger. &#147;These actions will also better position us to pursue various initiatives, particularly
in our leading retail banking business &#151; which is at the core of our business strategy.&#148;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The company will generate approximately $3.7&nbsp;billion of tangible equity as a result of the proposed
capital issuance and the intended reduction in the common dividend in 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The company believes these actions, together with a significant reduction in noninterest expense,
should ensure that it has the financial strength to address difficult conditions in the credit and
housing markets in 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Resizing Home Loans Business to Adapt to Changed Conditions</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">WaMu remains committed to providing mortgage products to its customers. However, the
mortgage market is undergoing a fundamental shift due to credit dislocation and a prolonged
period of reduced capital markets liquidity. As a result, WaMu expects national mortgage
originations to shrink to $1.5 trillion in 2008, down about 40&nbsp;percent from an estimated $2.4
trillion this year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To reflect the changes in this market, WaMu will substantially adjust and resize its Home
Loans business and also reduce corporate support expense.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">WaMu will:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Discontinue all remaining lending through its subprime mortgage channel;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Close approximately 190 of 336 home loan centers and sales offices;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Close nine Home Loans processing and call centers;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Eliminate approximately 2,600 Home Loans positions, or about 22&nbsp;percent of its
Home Loans staff;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Eliminate approximately 550 corporate and other support positions; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Close WaMu Capital Corp., its institutional broker-dealer business, as well as
its mortgage banker finance warehouse lending operation.</TD>
</TR>

</TABLE>
</DIV>
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</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These
expense reduction steps will result in approximately $140&nbsp;million in additional
expenses in the fourth quarter. WaMu is targeting company-wide noninterest expense at or
below $8.0&nbsp;billion for 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The resizing of its Home Loans business will be accompanied by an acceleration in WaMu&#146;s
previously announced strategy to expand its focus on mortgage lending directly to customers
through its retail banking stores and other retail distribution channels. It will also add
bank loan consultants to support its profitable retail store network.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Non-cash Charge to Write Down Goodwill</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a result of the fundamental shift in the mortgage market and the actions the company is taking
to resize its Home Loans business, WaMu will incur a fourth quarter after-tax charge of
approximately $1.6&nbsp;billion for the writedown of all the goodwill associated with the Home Loans
business. This non-cash charge will result in a net loss for the fourth quarter of 2007, but will
not affect the company&#146;s tangible or regulatory capital or liquidity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Increasing Loan Loss Provision Ahead of Charge-Offs</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Continued deterioration in the mortgage markets and declining housing prices have led to
increasing fourth quarter charge-offs and delinquencies in the company&#146;s loan portfolio. As a
result, the company now expects its fourth quarter provision for loan losses to be between
$1.5 and $1.6&nbsp;billion, approximately twice the level of expected fourth quarter net
charge-offs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The company currently expects its first quarter 2008 provision for loan losses to be in the range
of $1.8 to $2.0&nbsp;billion, reflecting an increase in provision well ahead of charge-offs, which are
also expected to increase significantly during the quarter. The first quarter range reflects the
company&#146;s current view that prevailing adverse conditions in the credit and housing markets will
persist through 2008.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">While difficult to predict, the company also currently expects quarterly loan loss provisions
through the end of 2008 to remain elevated, generally consistent with its expectation for the first
quarter of 2008. The company noted that there may be some additional variation depending on the level of credit card securitization
activity during any quarter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Capital Offering</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As described above, the company has also commenced a capital offering of an aggregate of $2.5
billion in a new series of convertible preferred stock. Lehman Brothers, Morgan Stanley &#038; Co.,
Credit Suisse Securities (USA)&nbsp;and Goldman, Sachs &#038; Co. are serving as joint book-running managers
of the offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A copy of the final prospectus relating to the offering may be obtained by contacting:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Lehman Brothers Inc., c/o Broadridge, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-888-603-5847 fax: 631-254-7140, or
email: qiana.smith@broadridge.com.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Or,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Morgan Stanley &#038; Co. Incorporated, Prospectus Department, 180 Varick Street, 2nd Floor, New York,
NY 10014, telephone: 1-866-718-1649 or email: prospectus@morganstanley.com.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Or,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010,
telephone: 1-800-221-1037.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Or,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Goldman, Sachs &#038; Co., Attn: Prospectus Department, 85 Broad Street, New York, NY 10004, telephone:
1-866-471-2526 or email: prospectus-ny@ny.email.gs.com.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This announcement is neither an offer to sell nor a solicitation of offers to buy any of these
securities in  any jurisdiction in which such an offer or solicitation is not authorized.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Filing of 8-K</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The company has filed a Form 8-K with the SEC today containing additional details about the actions
described above. To access these
filings, please visit http://investors.wamu.com/irweblinkx/docs.aspx?iid=102028.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>About WaMu</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">WaMu, through its subsidiaries, is one of the nation&#146;s leading consumer and small business banks.
At Sept. 30, 2007, WaMu and its subsidiaries had assets of $330.1&nbsp;billion. The company has a
history dating back to 1889 and its subsidiary banks currently operate approximately 2,700 consumer
and small business banking stores throughout the nation. WaMu&#146;s press releases are available at
http://newsroom.wamu.com.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Cautionary Statements</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This document contains forward-looking statements, which are not historical facts and pertain to
future operating results. These forward-looking statements are within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not
limited to, statements about our plans, objectives, expectations and intentions and other
statements contained in this document that are not historical facts. When used in this
presentation, the words &#147;expects,&#148; &#147;anticipates,&#148; &#147;intends,&#148; &#147;plans,&#148; &#147;believes,&#148; &#147;seeks,&#148;
&#147;estimates,&#148; or words of similar meaning, or future or conditional verbs, such as &#147;will,&#148; &#147;would,&#148;
&#147;should,&#148; &#147;could,&#148; or &#147;may&#148; are generally intended to identify forward-looking statements. These
forward-looking statements are inherently subject to significant business, economic and competitive
uncertainties and contingencies, many of which are beyond our control. In addition, these
forward-looking statements are subject to assumptions with respect to future business strategies
and decisions that are subject to change. Actual results may differ materially from the results
discussed in these forward-looking statements for the reasons, among others, discussed under the
heading &#147;Factors That May Affect Future Results&#148; in Washington Mutual&#146;s 2006 Annual Report on Form
10-K and &#147;Cautionary Statements&#148; in our Forms 10-
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Q for the quarters ended March&nbsp;31, 2007, June&nbsp;30, 2007, and September&nbsp;30, 2007, which include:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Volatile interest rates and their impact on the mortgage</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>banking business;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Credit risk;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Operational risk;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Risks related to credit card operations;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Changes in the regulation of financial services companies, housing government-sponsored enterprises and credit card lenders;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Competition from banking and nonbanking companies;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>General business, economic and market conditions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Reputational risk;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Liquidity risk; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Valuation risk.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are other factors not described in our 2006 Form 10-K and Forms 10-Q for the quarters ended
March&nbsp;31, 2007, June&nbsp;30, 2007, and September&nbsp;30, 2007, which are beyond the Company&#146;s ability to
anticipate or control that could cause results to differ.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The company has filed a registration
statement (including a prospectus) with the SEC for the offering of the convertible preferred
stock to which this communication relates.  Before you invest, you should read the prospectus
in that registration statement, the prospectus supplement and other documents the company has
filed with the SEC for more complete information about the company and the offering of
convertible preferred stock.  You may get these documents for free by visiting EDGAR on the
SEC web site at <U>www.sec.gov</U>.  Alternatively, the company, any underwriter or any dealer
participating in the offering will arrange to send you the prospectus if you request it
by calling Lehman Brothers Inc. toll free at 1-888-603-5847, Morgan Stanley &amp; Co. Incorporated
toll free at 1-866-718-1649, Credit Suisse Securities (USA) LLC toll free at 1-800-221-1037
or Goldman, Sachs &amp; Co. toll free at 1-866-471-2526.</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">CONTACT: Washington Mutual, Inc.<BR>
Media Contact<BR>
Libby Hutchinson, 206-500-2770<BR>
libby.hutchinson@wamu.net<BR>
or<BR>
Investor Contact<BR>
Alan Magleby, 212-702-6955<BR>
alan.magleby@wamu.net

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">###
</DIV>



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