United States
Securities and Exchange Commission
Washington , D. C. 20549
Form 13F
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: September 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 October 5, 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: 269
Form 13F Information Table Value Total: $2,266,227,776
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
AT&T CORP COMMON 001957109 27274500 627000 627000 627000
AT&T CORP COMMON 001957208 36124918 968172 968172 968172
ATMI INC COMMON 00207R101 3410922 91415 91415 91415
AVT CORP COMMON 002420107 3047188 99500 99500 99500
ABBOTT LABS COMMON 002824100 11418984 311250 311250 311250
ACNIELSEN CORP COMMON 004833109 7490618 330165 330165 330165
ADAPTEC INC BND CV 00651FAC2 1372500 1500000 1500000 1500000
ADOBE SYS INC COMMON 00724F101 40779983 359295 359295 359295
AETNA INC COMMON 008117103 13477263 273650 273650 273650
AIRBORNE FREIGHT CORP COMMON 009266107 7599687 360816 360816 360816
ALASKA AIR GROUP INC COMMON 011659109 5617723 138070 138070 138070
ALBERTO CULVER CO COMMON 013068200 4356101 222676 222676 222676
ALBERTSONS INC COMMON 013104104 10568726 267140 267140 267140
ALLIEDSIGNAL INC COMMON 019512102 8382259 139850 139850 139850
ALLSTATE CORP COMMON 020002101 10795444 432900 432900 432900
ALLTEL CORP COMMON 020039103 2443139 34716 34716 34716
ALZA CORP COMMON 022615108 4024375 94000 94000 94000
AMBAC FINL GROUP INC COMMON 023139108 3501013 73900 73900 73900
AMERICAN CAPITAL STRATEG COMMON 024937104 3768913 203725 203725 203725
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 205454254 6528240 6528240 6528240
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
AMERICAN GENERAL CORP COMMON 026351106 2555300 40400 40400 40400
AMERICAN HOME PRODS CORP COMMON 026609107 13823650 333100 333100 333100
AMERICAN INTL GROUP INC COMMON 026874107 21475823 247026 247026 247026
AMERICAN STANDARD COS COMMON 029712106 1463888 37900 37900 37900
APEX INC COMMON 037548104 7061913 377895 377895 377895
ARBOR SOFTWARE CORP BND CV 038918AC2 555938 750000 750000 750000
ARDEN RLTY GROUP INC COMMON 039793104 1326750 61000 61000 61000
ARIS CORP COMMON 04040A101 6889219 1198125 1198125 1198125
AT HOME CORP BND CV 045919AA5 6150000 10000000 10000000 10000000
ASYMETRIX LEARNING SYS I COMMON 045927100 5926882 660837 660837 660837
AUTODESK INC COMMON 052769106 2945469 134650 134650 134650
BP AMOCO P L C COMMON 055622104 7551539 68147 68147 68147
BMC SOFTWARE INC COMMON 055921100 34135313 477000 477000 477000
BANK OF AMERICA CORP COMMON 060505104 24484012 439668 439668 439668
BANK UNITED 8% 'PIES' PFD CV 065412306 2384100 52980 52980 52980
BARRA INC COMMON 068313105 7967400 379400 379400 379400
BARRETT BUSINESS SERVICE COMMON 068463108 2156476 278255 278255 278255
BAXTER INTL INC COMMON 071813109 2214188 36750 36750 36750
BECTON DICKINSON & CO COMMON 075887109 2553688 91000 91000 91000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 153621545 15664133 15664133 15664133
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
BERINGER WINE ESTATES HO COMMON 084102102 2792250 68000 68000 68000
BLOCKBUSTER INC COMMON 093679108 2550000 200000 200000 200000
BOEING CO COMMON 097023105 28523542 669174 669174 669174
BOISE CASCADE CORP COMMON 097383103 1301110 35708 35708 35708
BOWNE & CO INC COMMON 103043105 2100656 173250 173250 173250
BRISTOL MYERS SQUIBB CO COMMON 110122108 12960000 192000 192000 192000
BUILDING MATLS HLDG CORP COMMON 120113105 11964740 1196474 1196474 1196474
BURNHAM PAC PPTYS INC COMMON 12232C108 140481 13300 13300 13300
CII FINL INC BND CV 12551LAB7 1168740 1359000 1359000 1359000
CK WITCO CORP COMMON 12562C108 1082900 72800 72800 72800
CAMPBELL SOUP CO COMMON 134429109 6968163 178100 178100 178100
CARRAMERICA RLTY CORP COMMON 144418100 723938 33000 33000 33000
CARREKER ANTINORI INC COMMON 144433109 2380607 369803 369803 369803
CAVANAUGHS HOSPITALITY C COMMON 149564106 6702249 948991 948991 948991
CHASE MANHATTAN CORP NEW COMMON 16161A108 22033997 292325 292325 292325
CHIQUITA BRANDS INTL INC BND CV 170032AH9 1526250 1650000 1650000 1650000
CHIREX INC COMMON 170038103 2581250 100000 100000 100000
CISCO SYS INC COMMON 17275R102 17781684 259350 259350 259350
CITIGROUP INC COMMON 172967101 34331308 780257 780257 780257
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 159613865 8591532 8591532 8591532
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
COGNIZANT TECHNOLOGY SOL COMMON 192446102 4272538 135100 135100 135100
COLUMBIA/HCA HEALTHCARE COMMON 197677107 9376528 442550 442550 442550
COLUMBIA SPORTSWEAR CO COMMON 198516106 2745961 192699 192699 192699
COMCAST CORP COMMON 200300200 13868525 347800 347800 347800
COMPAQ COMPUTER CORP COMMON 204493100 15811200 691200 691200 691200
COMPUTER ASSOC INTL INC COMMON 204912109 26781919 438150 438150 438150
CONSECO INC COMMON 208464107 17102249 900118 900118 900118
CORIXA CORP COMMON 21887F100 10881083 809755 809755 809755
CORPORATE EXPRESS INC BND CV 219888AE4 2832000 2950000 2950000 2950000
COSTCO WHSL CORP NEW COMMON 22160K105 7230960 100430 100430 100430
CRANE CO COMMON 224399105 6853534 305450 305450 305450
CREDENCE SYS CORP COMMON 225302108 10100914 225090 225090 225090
CREDENCE SYS CORP BND CV 225302AC2 1880000 2000000 2000000 2000000
CUTTER & BUCK INC COMMON 232217109 7416232 476545 476545 476545
DAYTON HUDSON CORP COMMON 239753106 14970578 249250 249250 249250
DENTSPLY INTL INC NEW COMMON 249030107 3083763 135550 135550 135550
DIEBOLD INC COMMON 253651103 3620219 156550 156550 156550
DISNEY WALT COMPANY COMMON 254687106 8944000 344000 344000 344000
DONALDSON INC COMMON 257651109 10887644 469548 469548 469548
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 178659845 11369785 11369785 11369785
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
DUN & BRADSTREET CORP COMMON 26483B106 11806600 395200 395200 395200
DURA PHARMACEUTICALS INC BND CV 26632SAA7 2128000 2800000 2800000 2800000
E M C CORP MASS COMMON 268648102 25024075 350600 350600 350600
ELECTRO SCIENTIFIC INDS COMMON 285229100 11385670 213690 213690 213690
EMERSON ELEC CO COMMON 291011104 7433378 117640 117640 117640
ENRON CORP COMMON 293561106 16260750 396000 396000 396000
ESSEX PPTY TR INC COMMON 297178105 1928550 55200 55200 55200
EVEREST REINS HLDGS INC COMMON 299808105 1571625 66000 66000 66000
EXPEDITORS INTL WASH INC COMMON 302130109 31018577 966499 966499 966499
EXXON CORP COMMON 302290101 9192960 120960 120960 120960
FEI CO COMMON 30241L109 9723484 1285750 1285750 1285750
FLIR SYS INC COMMON 302445101 6842126 528860 528860 528860
FEDERAL HOME LN MTG CORP COMMON 313400301 24273600 466800 466800 466800
FEDERAL MOGUL CORP COMMON 313549107 16090988 583800 583800 583800
FEDERAL NATL MTG ASSN COMMON 313586109 3256616 51950 51950 51950
FINOVA GROUP INC COMMON 317928109 3239375 88750 88750 88750
FIRST CONSULTING GROUP I COMMON 31986R103 3136720 313672 313672 313672
FIRST DATA CORP COMMON 319963104 18692944 426050 426050 426050
FIRST ST BANCORPORATION COMMON 336453105 1223881 59701 59701 59701
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 204229918 9287122 9287122 9287122
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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 UN CORP COMMON 337358105 14391431 403970 403970 403970
FIRST WASH BANCORP INC W COMMON 33748T104 3217900 183880 183880 183880
FORT JAMES CORP COMMON 347471104 3534759 132450 132450 132450
FOUNDATION HEALTH SYS IN COMMON 350404109 2641273 279870 279870 279870
FRANCHISE FIN CORP AMER COMMON 351807102 2236988 95700 95700 95700
FRANKLIN RES INC COMMON 354613101 1952944 63900 63900 63900
GST TELECOMMUNICATIONS I COMMON 361942105 210938 30000 30000 30000
GENERAL COMMUNICATION IN COMMON 369385109 1133069 217115 217115 217115
GENERAL ELEC CO COMMON 369604103 22147475 186800 186800 186800
GENERAL SEMICONDUCTOR IN COMMON 370787103 6356883 616425 616425 616425
GILLETTE CO COMMON 375766102 2816813 83000 83000 83000
GRAINGER W W INC COMMON 384802104 1312106 27300 27300 27300
GREENBRIER COS INC COMMON 393657101 5548618 501570 501570 501570
HIH CAP LTD BND CV 404193AA2 232750 350000 350000 350000
HNC SOFTWARE INC COMMON 40425P107 3472656 87500 87500 87500
HALLIBURTON CO COMMON 406216101 11922800 290800 290800 290800
HAMBRECHT & QUIST GRP COMMON 406545103 4706033 96534 96534 96534
HANOVER COMPRESSOR CO COMMON 410768105 2643460 83095 83095 83095
HARBINGER CORP COMMON 41145C103 4623092 273961 273961 273961
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 95101986 4003870 4003870 4003870
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
HEALTH CARE PPTY INVS IN COMMON 421915109 3441375 131100 131100 131100
HEALTHSOUTH CORP COMMON 421924101 1886500 308000 308000 308000
HEALTHSOUTH CORP BND CV 421924AD3 2210625 2700000 2700000 2700000
HEALTHSOUTH CORP BND CV 421924AF8 480000 600000 600000 600000
HELLER FINANCIAL INC COMMON 423328103 1985310 88236 88236 88236
HEWLETT PACKARD CO COMMON 428236103 24938100 274800 274800 274800
HORIZON BANK COMMON 44041F105 316023 28090 28090 28090
HOSPITALITY PPTYS TR COMMON 44106M102 1668500 75200 75200 75200
HUNTINGDON LIFE SCIENCES COMMON 445891203 381250 305000 305000 305000
ICOS CORP COMMON 449295104 12381593 419715 419715 419715
IMS HEALTH INC COMMON 449934108 5018750 220000 220000 220000
IMMUNEX CORP NEW COMMON 452528102 9104846 209910 209910 209910
IN FOCUS SYS INC COMMON 452919103 13253890 791277 791277 791277
INCYTE PHARMACEUTICALS I COMMON 45337C102 4717500 204000 204000 204000
INTEGRATED DEVICE TECH BND CV 458118AA4 1708200 1898000 1898000 1898000
INTEL CORP COMMON 458140100 33468492 450375 450375 450375
INTERNATIONAL BUSINESS M COMMON 459200101 20570000 170000 170000 170000
INTERWEST BANCORP INC COMMON 460931108 2339563 112750 112750 112750
INTIMATE BRANDS INC COMMON 461156101 16901601 434070 434070 434070
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 156772117 9420523 9420523 9420523
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
IVAX CORP BND CV 465823AA0 965000 1000000 1000000 1000000
J JILL GROUP INC COMMON 466189107 1860938 397000 397000 397000
JOHNSON & JOHNSON COMMON 478160104 22360078 243375 243375 243375
JORE CORP COMMON 480815109 1500000 150000 150000 150000
K2 INC COMMON 482732104 10952536 1242841 1242841 1242841
KIMBERLY CLARK CORP COMMON 494368103 14944075 283300 283300 283300
KIMBERLY CLARK DE MEXICO COMMON 494386204 6834557 389500 389500 389500
KROGER CO COMMON 501044101 24632362 1116481 1116481 1116481
LATTICE SEMICONDUCTOR CO COMMON 518415104 11590445 390415 390415 390415
LEGG MASON INC COMMON 524901105 727938 19000 19000 19000
LEVEL 3 COMMUNICATIONS BND CV 52729NAG5 2500000 2500000 2500000 2500000
LIBBEY INC COMMON 529898108 11422950 386400 386400 386400
LIBERTY FINL COS INC COMMON 530512102 6316903 287950 287950 287950
LIMITED INC COMMON 532716107 14105797 368779 368779 368779
LIZ CLAIBORNE INC COMMON 539320101 2304850 74350 74350 74350
LOCKHEED MARTIN CORP COMMON 539830109 14742063 451000 451000 451000
MCI WORLDCOM INC COMMON 55268B106 22038384 306621 306621 306621
MGIC INVT CORP WIS COMMON 552848103 8062588 168850 168850 168850
MADE2MANAGE SYS INC COMMON 556466100 2953421 363498 363498 363498
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 180814884 10139360 10139360 10139360
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
MARSH & MCLENNAN COS INC COMMON 571748102 8744025 127650 127650 127650
MATTEL INC COMMON 577081102 13895175 731325 731325 731325
MAY DEPT STORES CO COMMON 577778103 8126000 223012 223012 223012
MCLEODUSA INC PFD CV 582266201 3805825 9635 9635 9635
MEDICAL CARE INTL INC BND CV 584505AC5 1071560 1246000 1246000 1246000
MELLON BK CORP COMMON 585509102 18504779 550328 550328 550328
MENTOR GRAPHICS CORP COMMON 587200106 11285375 1318000 1318000 1318000
MERCK & CO INC COMMON 589331107 14764288 227800 227800 227800
MERRILL LYNCH & CO INC COMMON 590188108 9216900 136800 136800 136800
METRO ONE TELECOMMCATN COMMON 59163F105 15385401 801845 801845 801845
MICROSOFT CORP COMMON 594918104 50501725 557645 557645 557645
MICROVISION INC WASH COMMON 594960106 6474369 484065 484065 484065
MICRON TECHNOLOGY INC COMMON 595112103 5752915 86510 86510 86510
MILLER INDS INC TENN COMMON 600551105 2643047 939750 939750 939750
MOBIL CORP COMMON 607059102 18835213 186950 186950 186950
MONACO COACH CORP COMMON 60886R103 11931002 489477 489477 489477
MULTIPLE ZONES INTERNATI COMMON 624906103 953670 172415 172415 172415
MYLAN LABS INC COMMON 628530107 22997231 1251550 1251550 1251550
NALCO CHEM CO COMMON 629853102 1898800 37600 37600 37600
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 226787300 9578357 9578357 9578357
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
NATIONWIDE HEALTH PPTYS COMMON 638620104 2977538 179100 179100 179100
NEORX CORP COMMON 640520300 1894894 1122900 1122900 1122900
NETWORK ASSOCIATES INC BND CV 640938AB2 4371250 13000000 13000000 13000000
NEWS CORP LTD COMMON 652487802 9837013 368600 368600 368600
NIKE INC COMMON 654106103 2852566 50155 50155 50155
NORDSTROM INC COMMON 655664100 360180 13340 13340 13340
NORTEK INC COMMON 656559101 2832409 83001 83001 83001
NUCOR CORP COMMON 670346105 2433638 51100 51100 51100
NVIDIA CORP COMMON 67066G104 2117500 110000 110000 110000
ONYX SOFTWARE CORP COMMON 683402101 3067500 204500 204500 204500
ORACLE CORP COMMON 68389X105 30705675 674850 674850 674850
OREGON STL MLS INC COMMON 686079104 3007759 268850 268850 268850
PACCAR INC COMMON 693718108 4176583 82095 82095 82095
PACIFIC GULF PPTYS INC COMMON 694396102 5245955 263120 263120 263120
PACIFICARE HEALTH SYS DE COMMON 695112102 22438706 518814 518814 518814
PEPSICO INC COMMON 713448108 20971800 687600 687600 687600
PHARMACYCLICS INC COMMON 716933106 3911738 95700 95700 95700
PFIZER INC COMMON 717081103 5973188 166500 166500 166500
PHILIP MORRIS COS COMMON 718154107 2533294 74100 74100 74100
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 131709183 18014325 18014325 18014325
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
PRECISION CASTPARTS CORP COMMON 740189105 6209038 203575 203575 203575
PRICE T ROWE & ASSOCIATE COMMON 741477103 6236544 227300 227300 227300
PRIME BANCSHARES INC TEX COMMON 74157H108 6490575 285300 285300 285300
PRIMUS KNOWLEDGE SOLUTIO COMMON 74163Q100 3307500 120000 120000 120000
PROCTER & GAMBLE CO COMMON 742718109 8971875 95700 95700 95700
PROFIT RECOVERY GROUP IN COMMON 743168106 2293680 51399 51399 51399
PROVIDIAN FINL CORP COMMON 74406A102 9783616 123550 123550 123550
QUALCOMM FINL TR I PFD CV 74752R402 2650000 10000 10000 10000
QWEST COMM TRENDS PFD CV 74912L105 1809513 36100 36100 36100
RADISYS CORP COMMON 750459109 14043022 357784 357784 357784
RALSTON PURINA CO COMMON 751277302 11706106 419950 419950 419950
RAYTHEON CO COMMON 755111408 30085156 606250 606250 606250
REPSOL S A COMMON 76026T205 3143147 157650 157650 157650
REPUBLIC SVCS INC COMMON 760759100 1800356 165550 165550 165550
ROCKEFELLER CTR PPTYS IN BND CV 773102AA6 1511688 2075000 2075000 2075000
ROSS STORES INC COMMON 778296103 1363469 67750 67750 67750
ROYAL DUTCH PETE CO COMMON 780257804 15769688 267000 267000 267000
SBC COMMUNICATIONS INC COMMON 78387G103 18219102 356800 356800 356800
S3 INC BND CV 784849AC5 895000 1000000 1000000 1000000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 146289073 6626658 6626658 6626658
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
SAFECO CORP COMMON 786429100 3762220 134365 134365 134365
SARA LEE CORP COMMON 803111103 19277363 824700 824700 824700
SCHLUMBERGER LTD COMMON 806857108 4685900 75200 75200 75200
SCHNITZER STL INDS COMMON 806882106 8119881 444925 444925 444925
SEQUENT COMPUTER SYS INC COMMON 817338106 6563160 364620 364620 364620
SHIRE PHARMACEUTICALS GR COMMON 82481R106 5146979 178637 178637 178637
SHURGARD STORAGE CTRS IN COMMON 82567D104 4822661 194855 194855 194855
SIMON PPTY GROUP INC NEW COMMON 828806109 1503313 67000 67000 67000
SINCLAIR BROADCAST GROUP PFD CV 829226505 1078594 32500 32500 32500
SONOCO PRODS CO COMMON 835495102 3396781 148900 148900 148900
SONOSITE INC COMMON 83568G104 20679871 791574 791574 791574
SPRINT CORP COMMON 852061100 31340225 577700 577700 577700
STANCORP FINL GROUP INC COMMON 852891100 4117000 184000 184000 184000
STARBUCKS CORP COMMON 855244109 4485654 181010 181010 181010
STERLING COMMERCE INC COMMON 859205106 2401988 129400 129400 129400
STERLING FINL CORP WASH COMMON 859319105 1758679 131490 131490 131490
STORAGE USA INC COMMON 861907103 1655500 60200 60200 60200
SUMMIT DESIGN INC COMMON 86605U101 396394 156600 156600 156600
SUNBURST HOSPITALITY COR COMMON 866948102 2288571 369870 369870 369870
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 127480732 5047546 5047546 5047546
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
SUNBEAM CORP BND CV 867071AA0 446250 3400000 3400000 3400000
SUPERVALU INC COMMON 868536103 4575763 207400 207400 207400
TAUBMAN CTRS INC COMMON 876664103 1296625 112750 112750 112750
TEKTRONIX INC COMMON 879131100 14745863 440175 440175 440175
TELIGENT INC COMMON 87959Y103 2052541 41309 41309 41309
TOO INC COMMON 890333107 347514 19373 19373 19373
TOTAL ACCESS COMM BND CV 8904FAA71 895700 1060000 1060000 1060000
TOSCO CORP COMMON 891490302 18948863 750450 750450 750450
TRICON GLOBAL RESTAURANT COMMON 895953107 14819375 362000 362000 362000
TRIQUINT SEMICONDUCTOR I COMMON 89674K103 2623763 45880 45880 45880
TYCO INTL LTD NEW COMMON 902124106 19358962 187496 187496 187496
US BANCORP DEL COMMON 902973106 24469957 810599 810599 810599
U S G CORP COMMON 903293405 7615238 159900 159900 159900
U S FOODSERVICE COMMON 90331R101 270000 15000 15000 15000
ULTRAMAR DIAMOND SHAMROC COMMON 904000106 1045500 41000 41000 41000
UNION PAC CORP COMMON 907818108 10011419 208300 208300 208300
U S INDS INC NEW COMMON 912080108 10982396 697295 697295 697295
UNITED TECHNOLOGIES CORP COMMON 913017109 1552161 26169 26169 26169
UNOCAL CORP COMMON 915289102 14269063 385000 385000 385000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 150326949 8970096 8970096 8970096
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
UNUMPROVIDENT CORP COMMON 91529Y106 969966 32950 32950 32950
VALERO ENERGY CORP NEW COMMON 91913Y100 2131938 110750 110750 110750
VETERINARY CTRS AMER INC BND CV 925514AB7 2409000 3300000 3300000 3300000
VIACOM INC COMMON 925524100 13852975 320300 320300 320300
VISIO CORP COMMON 927914101 16041868 408710 408710 408710
WAL MART STORES INC COMMON 931142103 8599300 180800 180800 180800
WALL DATA INC COMMON 932045107 3473701 646270 646270 646270
WARNACO GROUP INC COMMON 934390105 2753013 150850 150850 150850
WARNER LAMBERT CO COMMON 934488107 13308188 200500 200500 200500
WASHINGTON FED INC COMMON 938824109 4837240 208614 208614 208614
WASTE MGMT INC DEL COMMON 94106L109 16267155 845047 845047 845047
WASTE MGMT INC DEL BND CV 94106LAA7 3649000 4100000 4100000 4100000
WELLS FARGO & CO NEW COMMON 949746101 26775960 675734 675734 675734
WEYERHAEUSER CO COMMON 962166104 4875075 84600 84600 84600
WILLAMETTE INDS INC COMMON 969133107 5641828 130825 130825 130825
WINSTAR COMMUNICATIONS I PFD CV 975515867 1920000 2000 2000 2000
WYNDHAM INTL INC COMMON 983101106 682497 259999 259999 259999
XEROX CORP COMMON 984121103 3349548 79870 79870 79870
LORAL SPACE & COMMUNICAT PFD CV G56462149 2269575 46200 46200 46200
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 133807825 11784019 11784019 11784019
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
CHECK POINT SOFTW TECH COMMON M22465104 10385813 123000 123000 123000
GILAT SATELLITE NETWKS COMMON M51474100 3941438 73500 73500 73500
SSANGYONG OIL BND CV Y8147HAA0 1231050 1415000 1415000 1415000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 15558300 1611500 1611500 1611500
--------- --------- --------- --------- --------- --------- --------- ---------
REPORT TOTALS 2266227776 136637068 136637068 136637068
========= ========= ========= ========= ========= ========= =========
</TABLE>
