United States
Securities and Exchange Commission
Washington , D. C. 20549
Form 13F
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing This Report:
Name: WM Advisors, Inc.
Address: 1201 Third Avenue, 22nd Floor
Seattle, WA 98101
13F File Number: 28-7110
The institiutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the report
is authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Sharon L. Howells
Title: First Vice President
Phone: 206-461-6397
Signature, Place, and Date of Signing:
Sharon L. Howells Seattle, WA July 16, 1999
Report Type (Check only one.) :
[ X ] 13F Holdings Report
[ ] 13F Notice
[ ] 13F Combination Report
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 273
Form 13F Information Table Value Total: $2,416,185,438
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
AMR CORP COMMON 001765106 6210750 91000 91000 91000
AT&T CORP COMMON 001957109 24280386 435034 435034 435034
AT&T CORP COMMON 001957208 35396571 963172 963172 963172
ATMI INC COMMON 00207R101 3760846 126415 126415 126415
AVT CORP COMMON 002420107 4147313 109500 109500 109500
ABBOTT LABS COMMON 002824100 14113894 311050 311050 311050
ACNIELSEN CORP COMMON 004833109 9998563 330531 330531 330531
ADAPTEC INC BND CV 00651FAC2 1395000 1500000 1500000 1500000
ADOBE SYS INC COMMON 00724F101 41413733 504085 504085 504085
AETNA INC COMMON 008117103 11483775 128400 128400 128400
AIRBORNE FREIGHT CORP COMMON 009266107 10088245 364361 364361 364361
ALASKA AIR GROUP INC COMMON 011659109 5727891 137195 137195 137195
ALBEMARLE CORP COMMON 012653101 3101063 134100 134100 134100
ALBERTO CULVER CO COMMON 013068200 5065881 222676 222676 222676
ALBERTSONS INC COMMON 013104104 8406234 163030 163030 163030
ALLEGHENY TELEDYNE INC COMMON 017415100 4932239 217999 217999 217999
ALLIEDSIGNAL INC COMMON 019512102 8810550 139850 139850 139850
ALLSTATE CORP COMMON 020002101 15171538 422900 422900 422900
ALLTEL CORP COMMON 020039103 3300869 46166 46166 46166
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 216805340 6347465 6347465 6347465
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
ALZA CORP COMMON 022615108 4782250 94000 94000 94000
AMBAC FINL GROUP INC COMMON 023139108 4221538 73900 73900 73900
AMERICAN CAPITAL STRAT COMMON 024937104 3303706 181025 181025 181025
AMERICAN GENERAL CORP COMMON 026351106 3045150 40400 40400 40400
AMERICAN HOME PRODS CORP COMMON 026609107 8898863 155100 155100 155100
AMERICAN INTL GROUP INC COMMON 026874107 22702180 193622 193622 193622
APEX PC SOLUTIONS INC COMMON 037945102 11568048 564295 564295 564295
ARDEN RLTY GROUP INC COMMON 039793104 1484888 60300 60300 60300
ARIS CORP COMMON 04040A101 4313356 518900 518900 518900
ASHLAND INC COMMON 044204105 2983294 74350 74350 74350
AT HOME CORP BND CV 045919AA5 10250000 10000000 10000000 10000000
ASYMETRIX LEARNING SYS I COMMON 045927100 3083178 747437 747437 747437
AUTODESK INC COMMON 052769106 4518628 152850 152850 152850
AXENT TECHNOLOGIES INC COMMON 05459C108 1209288 108700 108700 108700
BP AMOCO P L C COMMON 055622104 7393950 68147 68147 68147
BMC SOFTWARE INC COMMON 055921100 25380000 470000 470000 470000
BANK OF AMERICA CORP COMMON 060505104 16199717 220968 220968 220968
BANK NEW YORK INC COMMON 064057102 6031425 164400 164400 164400
BARRA INC COMMON 068313105 10337350 409400 409400 409400
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 151706805 14297794 14297794 14297794
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
BARRETT BUSINESS SERVICE COMMON 068463108 2348593 276305 276305 276305
BAXTER INTERNATIONAL COMMON 071813109 3325281 54850 54850 54850
BECTON DICKINSON & CO COMMON 075887109 2512500 83750 83750 83750
BERINGER WINE ESTATES HO COMMON 084102102 2423313 58000 58000 58000
BOEING CO COMMON 097023105 29040836 660019 660019 660019
BOISE CASCADE CORP COMMON 097383103 2113009 49283 49283 49283
BOWNE & CO INC COMMON 103043105 2301169 172050 172050 172050
BRISTOL MYERS SQUIBB CO COMMON 110122108 13524000 192000 192000 192000
BUILDING MATLS HLDG CORP COMMON 120113105 10814876 940424 940424 940424
BURNHAM PACIFIC PPTYS COMMON 12232C108 163756 13300 13300 13300
CII FINL INC BND CV 12551LAB7 1155150 1359000 1359000 1359000
CAMPBELL SOUP CO COMMON 134429109 8259388 178100 178100 178100
CARREKER ANTINORI INC COMMON 144433109 3359151 383903 383903 383903
CAVANAUGHS HOSPITALITY C COMMON 149564106 7702729 912916 912916 912916
CENDANT CORP COMMON 151313103 7429713 362425 362425 362425
CHASE MANHATTAN CORP NEW COMMON 16161A108 24594113 284325 284325 284325
CISCO SYS INC COMMON 17275R102 15036491 233350 233350 233350
CITIGROUP INC COMMON 172967101 36545645 769382 769382 769382
COGNIZANT TECHNOLOGY SOL COMMON 192446102 3195263 122600 122600 122600
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 175844973 7105982 7105982 7105982
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
COLUMBIA/HCA HEALTHCARE COMMON 197677107 11824859 518350 518350 518350
COLUMBIA SPORTSWEAR CO COMMON 198516106 2621438 170500 170500 170500
COMCAST CORP COMMON 200300200 12407625 322800 322800 322800
COMPAQ COMPUTER CORP COMMON 204493100 17017100 718400 718400 718400
COMPUTER ASSOC INTL INC COMMON 204912109 23824463 435150 435150 435150
CONSECO INC COMMON 208464107 26973875 886205 886205 886205
CORIXA CORP COMMON 21887F100 14527875 815600 815600 815600
CORPORATE EXPRESS INC BND CV 219888AE4 2651313 2950000 2950000 2950000
COSTCO COMPANIES INC COMMON 22160Q102 7979029 99660 99660 99660
CRANE CO COMMON 224399105 9571147 304450 304450 304450
CREDENCE SYSTEMS CORP COMMON 225302108 9168204 246955 246955 246955
CREDENCE SYSTEMS CORP BND CV 225302AC2 1750000 2000000 2000000 2000000
CROMPTON & KNOWLES CORP COMMON 227111101 1427925 72300 72300 72300
CUTTER & BUCK INC COMMON 232217109 3843281 227750 227750 227750
DAYTON HUDSON CORP COMMON 239753106 6500000 100000 100000 100000
DENTSPLY INTL INC NEW COMMON 249030107 7657650 265200 265200 265200
DIEBOLD INC COMMON 253651103 4476375 155700 155700 155700
DILLARDS INC COMMON 254067101 2715163 77300 77300 77300
DISNEY WALT COMPANY COMMON 254687106 6430569 208700 208700 208700
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 173367890 10575020 10575020 10575020
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
DONALDSON INC COMMON 257651109 11682972 476856 476856 476856
DU PONT E I DE NEMOURS & COMMON 263534109 4522288 66200 66200 66200
DUN & BRADSTREET CORP COMMON 26483B106 14004900 395200 395200 395200
DURA PHARMACEUTICALS INC BND CV 26632SAA7 1887000 2550000 2550000 2550000
E M C CORP MASS COMMON 268648102 19283000 350600 350600 350600
ELECTRO SCIENTIFIC INDS COMMON 285229100 8903167 213090 213090 213090
EMERSON ELEC CO COMMON 291011104 7403968 117640 117640 117640
ENRON CORP COMMON 293561106 21221401 259589 259589 259589
EQUITY OFFICE PROPERTIES COMMON 294741103 5269063 205621 205621 205621
ESSEX PPTY TR INC COMMON 297178105 2235700 63200 63200 63200
EVEREST REINS HLDGS INC COMMON 299808105 2707875 83000 83000 83000
EXPEDITORS INTL WASH INC COMMON 302130109 27195882 998014 998014 998014
EXXON CORP COMMON 302290101 9329040 120960 120960 120960
FEI CO COMMON 30241L109 8091930 980840 980840 980840
FLIR SYS INC COMMON 302445101 4564120 301760 301760 301760
FEDERAL HOME LN MTG CORP COMMON 313400301 27248400 469800 469800 469800
FEDERAL MOGUL CORP COMMON 313549107 30872400 593700 593700 593700
FEDERAL NATL MTG ASSN COMMON 313586109 3432975 50300 50300 50300
FINOVA GROUP INC COMMON 317928109 1510338 28700 28700 28700
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 211366416 8325070 8325070 8325070
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
FIRST CONSULTING GROUP I COMMON 31986R103 3152140 296672 296672 296672
FIRST DATA CORP COMMON 319963104 20849822 426050 426050 426050
FIRST ST BANCORPORATION COMMON 336453105 1156716 59701 59701 59701
FIRST UN CORP COMMON 337358105 18707211 396970 396970 396970
FIRST WASH BANCORP INC W COMMON 33748T104 3662008 182530 182530 182530
FORD MOTOR CO DEL COMMON 345370100 4910063 87000 87000 87000
FORT JAMES CORP COMMON 347471104 5016544 132450 132450 132450
FOUNDATION HEALTH SYS IN COMMON 350404109 4168575 277905 277905 277905
FRANCHISE FIN CORP AMER COMMON 351807102 2341813 105250 105250 105250
GST TELECOMMUNICATIONS I COMMON 361942105 395625 30000 30000 30000
GELTEX PHARMACEUTICALS COMMON 368538104 887400 49300 49300 49300
GENERAL COMMUNICATION IN COMMON 369385109 1468907 216115 216115 216115
GENERAL ELEC CO COMMON 369604103 21119700 186900 186900 186900
GENERAL SEMICONDUCTOR IN COMMON 370787103 5624878 616425 616425 616425
GILLETTE CO COMMON 375766102 3403000 83000 83000 83000
GRAINGER W W INC COMMON 384802104 1442175 26800 26800 26800
GREENBRIER COS INC COMMON 393657101 5233620 498440 498440 498440
HIH CAP LTD BND CV 404193AA2 236250 350000 350000 350000
HNC SOFTWARE INC COMMON 40425P107 3004219 97500 97500 97500
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 106780665 4119008 4119008 4119008
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
HALLIBURTON CO COMMON 406216101 12715250 281000 281000 281000
HAMBRECHT & QUIST GRP COMMON 406545103 3651879 99034 99034 99034
HANOVER COMPRESSOR CO COMMON 410768105 2830052 88095 88095 88095
HARBINGER CORP COMMON 41145C103 3737013 298961 298961 298961
HARCOURT GENERAL INC COMMON 41163G101 5176875 100400 100400 100400
HEALTH CARE PPTY INVS IN COMMON 421915109 8477700 293600 293600 293600
HEALTHSOUTH CORP COMMON 421924101 2260256 151950 151950 151950
HEALTHSOUTH CORP BND CV 421924AD3 2268000 2700000 2700000 2700000
HEALTHCARE FINL PARTNR COMMON 42219W108 2329171 68005 68005 68005
HELLER FINANCIAL INC COMMON 423328103 1241133 44625 44625 44625
HEWLETT PACKARD CO COMMON 428236103 31054500 309000 309000 309000
HORIZON BANK COMMON 44041F105 384495 28090 28090 28090
HOSPITALITY PPTYS TR COMMON 44106M102 2034375 75000 75000 75000
ICOS CORP COMMON 449295104 17036770 417440 417440 417440
IMS HEALTH INC COMMON 449934108 6875000 220000 220000 220000
IMMUNEX CORP NEW COMMON 452528102 13282173 104225 104225 104225
IN FOCUS SYS INC COMMON 452919103 15401805 1026787 1026787 1026787
INCYTE PHARMACEUTICALS I COMMON 45337C102 4309313 163000 163000 163000
INTEGRATED DEVICE TECH BND CV 458118AA4 1513655 1898000 1898000 1898000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 136579415 8367212 8367212 8367212
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
INTEL CORP COMMON 458140100 26800288 450425 450425 450425
INTERNATIONAL BUS MACH COMMON 459200101 21584750 167000 167000 167000
INTERSTATE HOTELS CORP COMMON 46088R108 358049 86799 86799 86799
INTERWEST BANCORP INC COMMON 460931108 2800500 112020 112020 112020
INTIMATE BRANDS INC COMMON 461156101 20564066 434070 434070 434070
IVAX CORP BND CV 465823AA0 970000 1000000 1000000 1000000
J JILL GROUP INC COMMON 466189107 2047500 140000 140000 140000
JOHNSON & JOHNSON COMMON 478160104 24634750 251375 251375 251375
K2 INC COMMON 482732104 6237883 697945 697945 697945
KEYCORP NEW COMMON 493267108 3215391 100090 100090 100090
KIMBERLY CLARK CORP COMMON 494368103 16148100 283300 283300 283300
KIMBERLY CLARK DE MEXICO COMMON 494386204 7946579 389500 389500 389500
KROGER CO COMMON 501044101 7269505 260206 260206 260206
LATTICE SEMICONDUCTOR CO COMMON 518415104 12716119 204275 204275 204275
LEGG MASON INC COMMON 524901105 758450 19700 19700 19700
LIBBEY INC COMMON 529898108 11887100 409900 409900 409900
LIBERTY FINL COS INC COMMON 530512102 8386544 287950 287950 287950
LIMITED INC COMMON 532716107 16733438 368781 368781 368781
LIZ CLAIBORNE INC COMMON 539320101 2706475 74150 74150 74150
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 193765487 5737486 5737486 5737486
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
LOCKHEED MARTIN CORP COMMON 539830109 16586829 445284 445284 445284
LORAL SPACE & COMM PFD CV 543885404 1440000 30000 30000 30000
MCI WORLDCOM INC COMMON 55268B106 15406995 179021 179021 179021
MGIC INVT CORP WIS COMMON 552848103 8115513 166900 166900 166900
MADE2MANAGE SYS INC COMMON 556466100 2054309 254798 254798 254798
MARSH & MCLENNAN COS INC COMMON 571748102 9661509 127650 127650 127650
MATTEL INC COMMON 577081102 22135713 847300 847300 847300
MAY DEPT STORES CO COMMON 577778103 9115616 223012 223012 223012
MEDICAL CARE INTL INC BND CV 584505AC5 1084020 1246000 1246000 1246000
MELLON BK CORP COMMON 585509102 18926931 520328 520328 520328
MENTOR GRAPHICS CORP COMMON 587200106 8157719 636700 636700 636700
MERCK & CO INC COMMON 589331107 16771775 227800 227800 227800
MERRILL LYNCH & CO INC COMMON 590188108 10120350 127300 127300 127300
METRO ONE TELECOMMUNICAT COMMON 59163F105 11385619 828045 828045 828045
MICRION CORP COMMON 59479P102 1353488 120310 120310 120310
MICROSOFT CORP COMMON 594918104 49852043 552760 552760 552760
MICROVISION INC WASH COMMON 594960106 10190074 450390 450390 450390
MICRON TECHNOLOGY INC COMMON 595112103 14750505 364210 364210 364210
MILLER INDUSTRIES INC COMMON 600551105 3700266 939750 939750 939750
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 230809271 8287558 8287558 8287558
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
MOBIL CORP COMMON 607059102 17967563 181950 181950 181950
MONACO COACH CORP COMMON 60886R103 13144463 310652 310652 310652
MULTIPLE ZONES INTERNATI COMMON 624906103 1275271 171465 171465 171465
MYLAN LABS INC COMMON 628530107 21241075 801550 801550 801550
NALCO CHEM CO COMMON 629853102 1950500 37600 37600 37600
NATIONWIDE HEALTH PPTYS COMMON 638620104 1374406 72100 72100 72100
NEORX CORP COMMON 640520300 1234647 806300 806300 806300
NETWORK ASSOCIATES INC BND CV 640938AB2 3786250 13000000 13000000 13000000
NEWS CORP LTD COMMON 652487802 11002688 348600 348600 348600
NIKE INC CL B COMMON 654106103 3163997 49925 49925 49925
NORDSTROM INC COMMON 655664100 446890 13340 13340 13340
NORTEK INC COMMON 656559101 3225219 103001 103001 103001
NUCOR CORP COMMON 670346105 2424056 51100 51100 51100
ONYX SOFTWARE CORP COMMON 683402101 2668525 123400 123400 123400
ORACLE CORP COMMON 68389X105 24583247 662175 662175 662175
ORCAD INC COMMON 685568107 5939843 468165 468165 468165
OREGON STL MLS INC COMMON 686079104 3554371 266995 266995 266995
PACCAR INC COMMON 693718108 4352998 81555 81555 81555
PACIFIC GULF PPTYS INC COMMON 694396102 5923112 261795 261795 261795
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 129259120 17811668 17811668 17811668
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
PACIFICARE HEALTH SYS DE COMMON 695112102 20840653 289705 289705 289705
PATRIOT AMERN HOSPITALIT COMMON 703352203 1106696 260399 260399 260399
PEPSICO INC COMMON 713448108 26918763 695800 695800 695800
PHARMACYCLICS INC COMMON 716933106 3239600 115700 115700 115700
PFIZER INC COMMON 717081103 6049500 55500 55500 55500
PHILIP MORRIS COS COMMON 718154107 7691888 191400 191400 191400
PRECISION CASTPARTS CORP COMMON 740189105 4692000 110400 110400 110400
PRICE T ROWE & ASSOCIATE COMMON 741477103 10338225 269400 269400 269400
PRIME BANCSHARES INC TEX COMMON 74157H108 5099738 285300 285300 285300
PRISON RLTY TR COMMON 74264N105 2821584 287550 287550 287550
PROCTER & GAMBLE CO COMMON 742718109 8541225 95700 95700 95700
PROFIT RECOVERY GROUP IN COMMON 743168106 2583263 54600 54600 54600
PROTECTIVE LIFE CORP COMMON 743674103 602480 17720 17720 17720
PROVIDIAN FINL CORP COMMON 74406A102 11502388 123350 123350 123350
QWEST COMM TRENDS PFD CV 74912L105 2057700 36100 36100 36100
RADISYS CORP COMMON 750459109 15417203 396584 396584 396584
RALSTON PURINA CO COMMON 751277302 12757878 419150 419150 419150
RAYTHEON CO COMMON 755111408 23730300 336600 336600 336600
REPSOL S A COMMON 76026T205 3202266 157650 157650 157650
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 169193348 4198608 4198608 4198608
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
ROCKEFELLER CTR PPTYS IN BND CV 773102AA6 1680750 2075000 2075000 2075000
ROSS STORES INC COMMON 778296103 4909044 97450 97450 97450
ROYAL DUTCH PETE CO COMMON 780257804 16255450 269800 269800 269800
SBC COMMUNICATIONS INC COMMON 78387G103 20340602 350700 350700 350700
S3 INC BND CV 784849AC5 841250 1000000 1000000 1000000
SAFECO CORP COMMON 786429100 8306311 188245 188245 188245
SARA LEE CORP COMMON 803111103 20508366 903950 903950 903950
SCHLUMBERGER LTD COMMON 806857108 4789300 75200 75200 75200
SCHNITZER STL INDS COMMON 806882106 10377344 462500 462500 462500
SEQUENT COMPUTER SYS INC COMMON 817338106 7557418 425770 425770 425770
SHIRE PHARMACEUTICALS GR COMMON 82481R106 4766762 183337 183337 183337
SHURGARD STORAGE CTRS IN COMMON 82567D104 5248823 193505 193505 193505
SIGMA ALDRICH CORP COMMON 826552101 4218594 122500 122500 122500
SINCLAIR BROADCAST GROUP COMMON 829226109 1252688 76500 76500 76500
SINCLAIR BROADCAST GROUP PFD CV 829226505 1989500 46000 46000 46000
SONOCO PRODS CO COMMON 835495102 4457694 148900 148900 148900
SONOSITE INC COMMON 83568G104 13027933 766349 766349 766349
SONY CORP COMMON 835699307 20514298 185860 185860 185860
SPRINT CORP COMMON 852061100 30284200 571400 571400 571400
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 181326324 8142966 8142966 8142966
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
STANCORP FINL GROUP INC COMMON 852891100 5256000 175200 175200 175200
STARBUCKS CORP COMMON 855244109 6526297 173745 173745 173745
STERLING COMMERCE INC COMMON 859205106 2917950 79400 79400 79400
STERLING FINL CORP WASH COMMON 859319105 2352545 170320 170320 170320
SUMMIT DESIGN INC COMMON 86605U101 769800 256600 256600 256600
SUNBURST HOSPITALITY COR COMMON 866948102 2744429 448070 448070 448070
SUNBEAM CORP BND CV 867071AA0 175000 1400000 1400000 1400000
SUPERVALU INC COMMON 868536103 5250038 202900 202900 202900
TAUBMAN CTRS INC COMMON 876664103 1463153 110950 110950 110950
TEKTRONIX INC COMMON 879131100 18379508 608845 608845 608845
TELIGENT INC COMMON 87959Y103 3188545 53309 53309 53309
TENET HEALTHCARE CORP COMMON 88033G100 3959381 213300 213300 213300
TOTAL ACCESS COMM BND CV 8904FAA71 718250 850000 850000 850000
TOSCO CORP COMMON 891490302 19464797 750450 750450 750450
TRICON GLOBAL RESTAURANT COMMON 895953107 9471875 175000 175000 175000
TRIQUINT SEMICONDUCTOR COMMON 89674K103 5642618 99320 99320 99320
TYCO INTL LTD COMMON 902124106 17765246 187496 187496 187496
US BANCORP DEL COMMON 902973106 11201785 335634 335634 335634
U S G CORP COMMON 903293405 8954400 159900 159900 159900
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 126201615 6450439 6450439 6450439
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
U S FOODSERVICE COMMON 90331R101 1170653 27464 27464 27464
UNILEVER N V NY SHS COMMON 904784709 6495399 93124 93124 93124
UNION PAC CORP COMMON 907818108 12172734 208750 208750 208750
U S INDS INC NEW COMMON 912080108 13169815 774695 774695 774695
UNITED TECHNOLOGIES CORP COMMON 913017109 1884341 26171 26171 26171
UNOCAL CORP COMMON 915289102 7608000 192000 192000 192000
VALERO ENERGY CORP NEW COMMON 91913Y100 2374203 110750 110750 110750
VETERINARY CTRS AMER INC BND CV 925514AB7 2117000 2900000 2900000 2900000
VIACOM INC COMMON 925524100 14133238 320300 320300 320300
VISIO CORP COMMON 927914101 17101862 449310 449310 449310
WAL MART STORES INC COMMON 931142103 8723600 180800 180800 180800
WALL DATA INC COMMON 932045107 5005347 523435 523435 523435
WARNACO GROUP INC COMMON 934390105 2895688 108250 108250 108250
WARNER LAMBERT CO COMMON 934488107 13859563 200500 200500 200500
WASHINGTON FED INC COMMON 938824109 4647459 207129 207129 207129
WASTE MGMT INC DEL COMMON 94106L109 33431264 621977 621977 621977
WELLS FARGO & CO NEW COMMON 949746101 27764843 649470 649470 649470
WEYERHAEUSER CO COMMON 962166104 5782906 84115 84115 84115
WILLAMETTE INDS INC COMMON 969133107 5983519 129900 129900 129900
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 186321432 7808140 7808140 7808140
</TABLE>
<PAGE>
<TABLE>
FORM 13F 6/30/99
REPORTING MANAGER; WM ADVISORS, INC.
- ------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
<S> <C>
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------
WINSTAR COMMUNICATIONS I PFD CV 975515867 2000000 2000 2000 2000
XEROX CORP COMMON 984121103 3970181 67220 67220 67220
LORAL SPACE & COMMUNICAT PFD CV G56462149 5475763 108700 108700 108700
CHECK POINT SOFTW TECH COMMON M22465104 10143169 189150 189150 189150
ESC MEDICAL SYS LTD COMMON M40868107 1385925 217400 217400 217400
GILAT SATELLITE NETWKS COMMON M51474100 2651250 50500 50500 50500
SSANGYONG OIL BND CV Y8147HAA0 1231050 1415000 1415000 1415000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 26857338 2049970 2049970 2049970
--------- --------- --------- --------- --------- --------- --------- ------
REPORT TOTALS 2416185438 119624390 119624390 119624390
========= ========= ========= ========= =========== ========= ========= ==
</TABLE>
