WM STRATEGIC ASSET MANAGEMENT PORTFOLIOS
24F-2NT, 2001-01-16
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                                                   UNITED STATES
                                        SECURITIES AND EXCHANGE COMMISSION
                                              Washington, D.C. 20549

                                                    FORM 24F-2
                                         Annual Notice of Securities Sold
                                              Pursuant to Rule 24f-2

                   Read  instructions  at end of  Form  before  preparing  Form.
Please print or type.


1.       Name and address of issuer:

                    WM Strategic Asset Management Portfolios
                          c/o PFPC Global Fund Services
                               101 Federal Street
                                Boston MA, 02110


          2. The name of each series or class of securities  for which this Form
          is filed (If the Form is being  filed for all  series  and  classes of
          securities  of the  issuer,  check  the box but do not list  series or
          classes): X


3.       Investment Company Act File Number:

                                                     811-07577


         Securities Act File Number:

                                                     333-01999

4(a). Last day of fiscal year for which this Form is filed:

                                                          October 31, 2000


4(b).  __ Check box if this Form is being filed late (i.e.,  more than
       90 calendar  days after the end of the  issuer's  fiscal  year).  (See
       Instruction A.2)
       Note: If the Form is being filed late,  interest must
       be paid on the registration fee due.

4(c).  __ Check box if this is the
          last  time the  issuer  will be filing  this  Form.
5.  Calculation  of registration fee:

          (i) Aggregate  sale price of  securities  sold during  thefiscal  year
          pursuant to section 24(f): $ 1,378,408,938

         (ii)     Aggregate price of securities redeemed or
                  repurchased during the fiscal year:         $     490,926,283
                                                               ----------------

         (iii)    Aggregate price of securities  redeemed or repurchased  during
                  any prior  fiscal year ending no earlier than October 11, 1995
                  that were not previously used to reduce registration fees
                  payable to the Commission:                  $           -0-
                                                               ----------------

         (iv)     Total available redemption credits (add Items
                  5(ii) and 5(iii):                           $     490,926,283
                                                               ----------------

         (v) Net sales - if Item 5(i) is greater than Item 5(iv)
                  [subtract Item 5(iv) from Item 5(i)]:       $     887,482,655
                                                               ---------------

         (vi)     Redemption credits available for use in future years - if Item
                  5(i) is less than Item 5(iv)
                  [subtract Item 5(iv) from Item 5(i)]:       $       -0-
                                                                --------------

         (vii)    Multiplier for determining registration fee (See
                  Instruction C.9):                                  x.000250

         (viii) Registration fee due [multiply Item 5(v) by Item
                  5(vii)] (enter "0" if no fee is due):       $      221,870.66
                                                                ---------------


6.       Prepaid Shares

         If the response to Item 5(i) was  determined  by deducting an amount of
         securities  that  were  registered  under  the  Securities  Act of 1933
         pursuant  to rule 24e-2 as in effect  before  October  11,  1997,  then
         report  the  amount of  securities  (number  of shares or other  units)
         deducted here:  N/A. If there is a number of shares or other units that
         were registered  pursuant to rule 24e-2 remaining  unsold at the end of
         the fiscal year for which this Form is filed that are available for use
         by the issuer in future fiscal years, then state that number here: N/A.

7.  Interest due - if this Form is being filed more than 90 days after
    the end of the  issuer's  fiscal  year  (see  instruction  D):  +$ N/A
          ------------

8. Total of the amount of the  registration  fee due plus any interest
   due [line 5(viii) plus line 7]: =$ 221,870.66

9. Date the  registration  fee and any  interest  payment  was sent to the
   Commission's lockbox depository:

                                                 January 12, 2001

                  Method of Delivery:

                           _X_      Wire Transfer
                           __       Mail or other means


<PAGE>


                                                    SIGNATURES


This  report has been  signed  below by the  following  persons on behalf of the
issuer and in the capacities and on the date indicated.


By (Signature and Title)*  _____________________________________________________
                              /S/Monte D. Calvin, Chief Financial Officer


Date     January 12, 2001
*Please print the name and title of the signing officer below the signature.


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