WASHINGTON MUTUAL INC
EXHIBIT 10.50.3
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<DESCRIPTION>EXHIBIT 10.50.3
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<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit&nbsp;10.50.3  </B></FONT></P>

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<BR></FONT><FONT SIZE=2><B>Amendment to the<BR>  Dime Bancorp,&nbsp;Inc.<BR>  1991 Stock Incentive Plan<BR>  <BR>  Effective December&nbsp;20, 2001    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Dime Bancorp,&nbsp;Inc. 1991 Stock Incentive Plan (the "Plan") is hereby amended in the following particulars: </FONT></P>

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<DT style='margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2>Section&nbsp;6.2(g)
of the Plan is amended to add the following at the end thereof: </FONT></DD></DL>
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<P><FONT SIZE=2>"Notwithstanding
the foregoing, and unless otherwise prohibited by the Committee, a Non-Qualified Stock Option shall be transferable to Immediate Family Members (as defined below),
partnerships in which the only partners are Immediate Family Members, or trusts established solely for the benefit of Immediate Family Members. "Immediate Family Members" shall mean the grandparents,
parents, aunts, uncles, spouse, brothers, sisters, cousins, children, nieces, nephews, grandchildren and great-grandchildren, and corresponding step relations, of the optionee who holds the
Non-Qualified Stock Option." </FONT></P>

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<FONT SIZE=2><A HREF="#toc_me1232_1">Amendment to the Dime Bancorp, Inc. 1991 Stock Incentive Plan Effective December 20, 2001</A></FONT><BR>
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