United States
Securities and Exchange Commission
Washington , D. C. 20549
Form 13F
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: March 31, 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 May 4, 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: 298
Form 13F Information Table Value Total: $2,176,455,462
<PAGE>
<TABLE>
FORM 13F 3/31/99
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 5329188 91000 91000 91000
AT&T CORP COMMON 001957109 13729659 172023 172023 172023
AT&T CORP COMMON 001957208 25579229 486390 486390 486390
ATMI INC COMMON 00207R101 3110300 155515 155515 155515
AVT CORP COMMON 002420107 3223125 135000 135000 135000
ABBOTT LABS COMMON 002824100 15438763 329800 329800 329800
ACNIELSEN CORP COMMON 004833109 9150537 337347 337347 337347
ADAPTEC INC BND CV 00651FAC2 1452500 1750000 1750000 1750000
ADOBE SYS INC COMMON 00724F101 32004730 563960 563960 563960
AETNA INC COMMON 008117103 6752050 81350 81350 81350
AIRBORNE FREIGHT CORP COMMON 009266107 11871791 382961 382961 382961
ALASKA AIR GROUP INC COMMON 011659109 6513438 137125 137125 137125
ALBEMARLE CORP COMMON 012653101 2807719 134100 134100 134100
ALBERTO CULVER CO COMMON 013068200 5188504 244164 244164 244164
ALBERTSONS INC COMMON 013104104 6973716 128105 128105 128105
ALLEGHENY TELEDYNE INC COMMON 017415100 4128366 217999 217999 217999
ALLIEDSIGNAL INC COMMON 019512102 8243825 167600 167600 167600
ALLMERICA FINL CORP COMMON 019754100 2714581 49300 49300 49300
ALLSTATE CORP COMMON 020002101 8261231 222900 222900 222900
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 172473251 5786642 5786642 5786642
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
ALLTEL CORP COMMON 020039103 4747860 76118 76118 76118
ALZA CORP COMMON 022615108 3595500 94000 94000 94000
AMBAC FINL GROUP INC COMMON 023139108 3990600 73900 73900 73900
AMBASSADORS INTL INC COMMON 023178106 5440133 336070 336070 336070
AMERICAN CAPITAL STRAT COMMON 024937104 3125741 182525 182525 182525
AMERICAN GENERAL CORP COMMON 026351106 2848200 40400 40400 40400
AMERICAN HOME PRODS CORP COMMON 026609107 10120275 155100 155100 155100
AMERICAN INTL GROUP INC COMMON 026874107 24060345 199464 199464 199464
APOLLO GROUP INC COMMON 037604105 1479380 49519 49519 49519
APEX PC SOLUTIONS INC COMMON 037945102 7777125 558000 558000 558000
ARDEN RLTY GROUP INC COMMON 039793104 1675425 75300 75300 75300
ARIS CORP COMMON 04040A101 3043475 363400 363400 363400
ASHLAND INC COMMON 044204105 5139703 125550 125550 125550
AT HOME CORP 144A BND CV 045919AA5 10250000 10000000 10000000 10000000
ASYMETRIX LEARNING SYS I COMMON 045927100 3477361 741837 741837 741837
AUTODESK INC COMMON 052769106 4828238 119400 119400 119400
AXENT TECHNOLOGIES INC COMMON 05459C108 2646875 110000 110000 110000
BP AMOCO P L C COMMON 055622104 8205947 81247 81247 81247
BANK NEW YORK INC COMMON 064057102 6066250 168800 168800 168800
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 112518433 13550630 13550630 13550630
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
BANKAMERICA CORP NEW COMMON 06605F102 4058678 57468 57468 57468
BARRA INC COMMON 068313105 10767281 437250 437250 437250
BARRETT BUSINESS SERVICE COMMON 068463108 1669110 278185 278185 278185
BAXTER INTL INC COMMON 071813109 3620100 54850 54850 54850
BECTON DICKINSON & CO COMMON 075887109 3189516 83250 83250 83250
BERKSHIRE HATHAWAY INC D BND CV 084670AF5 6478063 3350000 3350000 3350000
BOEING CO COMMON 097023105 19926856 586084 586084 586084
BOISE CASCADE CORP COMMON 097383103 1586152 49183 49183 49183
BOWNE & CO INC COMMON 103043105 2555472 218650 218650 218650
BRISTOL MYERS SQUIBB CO COMMON 110122108 12312000 192000 192000 192000
BUILDING MATLS HLDG CORP COMMON 120113105 9482761 936569 936569 936569
CIGNA CORP COMMON 125509109 7978950 95200 95200 95200
CII FINL INC BND CV 12551LAB7 1236070 1322000 1322000 1322000
CMS ENERGY CORP COMMON 125896100 3417225 84900 84900 84900
CAMPBELL SOUP CO COMMON 134429109 7246444 178100 178100 178100
CANADIAN PAC LTD NEW COMMON 135923100 2171438 111000 111000 111000
CARNIVAL CORP COMMON 143658102 2437838 50200 50200 50200
CARREKER ANTINORI INC COMMON 144433109 2776795 407603 407603 407603
CATERPILLAR INC DEL COMMON 149123101 5062313 110200 110200 110200
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 107973059 8602692 8602692 8602692
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
CAVANAUGHS HOSPITALITY C COMMON 149564106 7453867 910396 910396 910396
CENDANT CORP COMMON 151313103 5839898 366425 366425 366425
CHASE MANHATTAN CORP NEW COMMON 16161A108 23234597 285525 285525 285525
CIRCUIT CITY STORE/GRP COMMON 172737108 9340588 121900 121900 121900
CISCO SYS INC COMMON 17275R102 12848942 117275 117275 117275
CITIGROUP INC COMMON 172967101 33567718 525522 525522 525522
COGNIZANT TECHNOLOGY SOL COMMON 192446102 3371625 121500 121500 121500
COLUMBIA/HCA HEALTHCARE COMMON 197677107 9963966 526150 526150 526150
COLUMBIA SPORTSWEAR CO COMMON 198516106 1570000 80000 80000 80000
COMCAST CORP CL A COMMON 200300200 9686081 153900 153900 153900
COMPAQ COMPUTER CORP COMMON 204493100 16059225 506800 506800 506800
COMPUTER ASSOC INTL INC COMMON 204912109 15688397 441150 441150 441150
CONOCO INC COMMON 208251306 3212775 130800 130800 130800
CONSECO INC COMMON 208464107 18315308 593208 593208 593208
CORIXA CORP COMMON 21887F100 7014120 876765 876765 876765
CORPORATE EXPRESS INC BND CV 219888AE4 2423250 2700000 2700000 2700000
COSTCO COMPANIES INC COMMON 22160Q102 9119167 99595 99595 99595
CRANE CO COMMON 224399105 7487845 309575 309575 309575
CREDENCE SYSTEMS CORP COMMON 225302108 5064395 236240 236240 236240
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 201261764 9102726 9102726 9102726
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
CREDENCE SYSTEMS CORP BND CV 225302AC2 1098750 1500000 1500000 1500000
CUTTER & BUCK INC COMMON 232217109 3036800 94900 94900 94900
DAYTON HUDSON CORP COMMON 239753106 6662500 100000 100000 100000
DENTSPLY INTL INC NEW COMMON 249030107 6337950 272600 272600 272600
DIEBOLD INC COMMON 253651103 3820800 159200 159200 159200
DILLARDS INC COMMON 254067101 2758263 108700 108700 108700
DISNEY WALT COMPANY COMMON 254687106 6495788 208700 208700 208700
DONALDSON INC COMMON 257651109 8760672 486704 486704 486704
DU PONT E I DE NEMOURS & COMMON 263534109 3843738 66200 66200 66200
DUANE READE INC COMMON 263578106 366361 13143 13143 13143
DUKE ENERGY CORP COMMON 264399106 1452531 26500 26500 26500
DUN & BRADSTREET CORP COMMON 26483B106 14258906 400250 400250 400250
DURA PHARMACEUTICALS INC BND CV 26632SAA7 1170250 1550000 1550000 1550000
E M C CORP MASS COMMON 268648102 22420125 175500 175500 175500
EDISON INTL COMMON 281020107 2334025 104900 104900 104900
ELECTRO SCIENTIFIC INDS COMMON 285229100 11492475 247150 247150 247150
ELF AQUITAINE COMMON 286269105 4368581 64900 64900 64900
EMERSON ELEC CO COMMON 291011104 6296386 118940 118940 118940
ENRON CORP COMMON 293561106 16717143 260189 260189 260189
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 123692044 5958476 5958476 5958476
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
ENTERGY CORP NEW COMMON 29364G103 3110250 113100 113100 113100
EQUITABLE COS INC COMMON 29444G107 4319000 61700 61700 61700
EQUITY OFFICE PROPERTIES COMMON 294741103 5217657 205621 205621 205621
ESSEX PPTY TR INC COMMON 297178105 1651100 63200 63200 63200
EVEREST REINS HLDGS INC COMMON 299808105 2588563 83000 83000 83000
EXPEDITORS INTL WASH INC COMMON 302130109 27738288 513672 513672 513672
EXXON CORP COMMON 302290101 8535240 120960 120960 120960
FEI CO COMMON 30241L109 7241444 864650 864650 864650
FLIR SYS INC COMMON 302445101 3032041 167285 167285 167285
FASTENAL COMPANY COMMON 311900104 663873 18934 18934 18934
FEDERAL HOME LN MTG CORP COMMON 313400301 15703625 274000 274000 274000
FEDERAL MOGUL CORP COMMON 313549107 16482263 385550 385550 385550
FEDERAL NATL MTG ASSN COMMON 313586109 9805800 141600 141600 141600
FEDERATED DEPT STORES COMMON 31410H101 4790925 119400 119400 119400
FIRST CONSULTING GROUP I COMMON 31986R103 2352626 211472 211472 211472
FIRST DATA CORP COMMON 319963104 18502200 432800 432800 432800
FIRST ST BANCORPORATION COMMON 336453105 1141791 59701 59701 59701
FIRST UN CORP COMMON 337358105 21213084 396970 396970 396970
FIRST WASH BANCORP INC W COMMON 33748T104 3538986 182070 182070 182070
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 157628755 4415686 4415686 4415686
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
FORD MTR CO DEL COMMON 345370100 4931813 87000 87000 87000
FORT JAMES CORP COMMON 347471104 4165322 131450 131450 131450
FOUNDATION HEALTH SYS IN COMMON 350404109 4914122 403210 403210 403210
FRANCHISE FIN CORP AMER COMMON 351807102 3769134 178950 178950 178950
GST TELECOMMUNICATIONS I COMMON 361942105 328125 30000 30000 30000
GELTEX PHARMACEUTICALS COMMON 368538104 703125 50000 50000 50000
GENERAL COMMUNICATION IN COMMON 369385109 983675 215600 215600 215600
GENERAL ELEC CO COMMON 369604103 20675813 186900 186900 186900
GENERAL SEMICONDUCTOR IN COMMON 370787103 4858464 670133 670133 670133
GILLETTE CO COMMON 375766102 4933313 83000 83000 83000
GREENBRIER COS INC COMMON 393657101 2945665 310070 310070 310070
HIH CAP LTD BND CV 404193AA2 224000 350000 350000 350000
HA-LO INDUSTRIES INC COMMON 404429102 245536 19942 19942 19942
HAMBRECHT & QUIST GRP COMMON 406545103 4704804 135634 135634 135634
HANOVER COMPRESSOR CO COMMON 410768105 2623368 98995 98995 98995
HARBINGER CORP COMMON 41145C103 2519512 373261 373261 373261
HARCOURT GENERAL INC COMMON 41163G101 4448975 100400 100400 100400
HEALTH CARE PPTY INVS IN COMMON 421915109 8280000 288000 288000 288000
HEALTHSOUTH CORP COMMON 421924101 3682606 354950 354950 354950
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 79937371 4067495 4067495 4067495
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP BND CV 421924AD3 2200500 2700000 2700000 2700000
HEALTHCARE FINL PARTNR COMMON 42219W108 2228593 85305 85305 85305
HELLER FINANCIAL INC COMMON 423328103 1048688 44625 44625 44625
HEWLETT PACKARD CO COMMON 428236103 21015094 309900 309900 309900
HONEYWELL INC COMMON 438506107 3510119 46300 46300 46300
HORIZON BANK COMMON 44041F105 375717 28090 28090 28090
ICOS CORP COMMON 449295104 18600131 551115 551115 551115
IMS HEALTH INC COMMON 449934108 7287500 220000 220000 220000
IMMUNEX CORP NEW COMMON 452528102 10934055 131340 131340 131340
IN FOCUS SYS INC COMMON 452919103 10550155 1205732 1205732 1205732
INCYTE PHARMACEUTICALS I COMMON 45337C102 2608125 130000 130000 130000
INTEGRATED DEVICE TECH BND CV 458118AA4 282200 415000 415000 415000
INTEL CORP COMMON 458140100 27375724 230290 230290 230290
INTERNATIONAL BUS MACH COMMON 459200101 17813625 100500 100500 100500
INTERWEST BANCORP INC COMMON 460931108 2661047 111750 111750 111750
INTIMATE BRANDS INC COMMON 461156101 20200469 419750 419750 419750
IVAX CORP BND CV 465823AA0 712500 750000 750000 750000
JOHNSON & JOHNSON COMMON 478160104 24029500 257000 257000 257000
K2 INC COMMON 482732104 5358741 680475 680475 680475
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 178792481 8417172 8417172 8417172
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
KEYCORP NEW COMMON 493267108 3029734 99950 99950 99950
KIMBERLY CLARK CORP COMMON 494368103 13719713 286200 286200 286200
KIMBERLY CLARK DE MEXICO COMMON 494386204 10589356 566700 566700 566700
LAMAR ADVERTISING CO COMMON 512815101 518701 15284 15284 15284
LATTICE SEMICONDUCTOR CO COMMON 518415104 7829232 171835 171835 171835
ESTEE LAUDER TRACES PFD CV 518438205 6321875 70000 70000 70000
LEGG MASON INC COMMON 524901105 663644 19700 19700 19700
LEHMAN BROS HLDGS INC COMMON 524908100 1828350 30600 30600 30600
LIBBEY INC COMMON 529898108 12933200 417200 417200 417200
LIBERTY FINL COS INC COMMON 530512102 6914416 293450 293450 293450
LIMITED INC COMMON 532716107 16866381 425650 425650 425650
LIZ CLAIBORNE INC COMMON 539320101 1332731 40850 40850 40850
LOCKHEED MARTIN CORP COMMON 539830109 5799231 153622 153622 153622
LORAL SPACE & COMM PFD CV 543885404 1860000 30000 30000 30000
MCI WORLDCOM INC COMMON 55268B106 14348985 162021 162021 162021
MGIC INVT CORP WIS COMMON 552848103 6020231 171700 171700 171700
MADE2MANAGE SYS INC COMMON 556466100 2213733 252998 252998 252998
MARSH & MCLENNAN COS INC COMMON 571748102 9478013 127650 127650 127650
MATTEL INC COMMON 577081102 13124606 526300 526300 526300
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 135392131 3861710 3861710 3861710
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
MAY DEPT STORES CO COMMON 577778103 8806020 225074 225074 225074
MCDONALDS CORP COMMON 580135101 3760938 83000 83000 83000
MEDICAL CARE INTL INC BND CV 584505AC5 622500 750000 750000 750000
MELLON BK CORP COMMON 585509102 18435717 261964 261964 261964
MENTOR GRAPHICS CORP COMMON 587200106 8585865 635990 635990 635990
MERCK & CO INC COMMON 589331107 18404713 229700 229700 229700
MERRILL LYNCH & CO INC COMMON 590188108 5602050 63300 63300 63300
METRO ONE TELECOMMUNICAT COMMON 59163F105 9954480 698560 698560 698560
MEYER FRED INC COMMON 592907109 7640091 129768 129768 129768
MICRION CORP COMMON 59479P102 969975 114960 114960 114960
MICROSOFT CORP COMMON 594918104 49533945 552680 552680 552680
MICROVISION INC WASH COMMON 594960106 7513004 451910 451910 451910
MICRON TECHNOLOGY INC COMMON 595112103 3768263 78200 78200 78200
MILLER INDS INC TENN COMMON 600551105 4463813 939750 939750 939750
MOBIL CORP COMMON 607059102 14867600 168950 168950 168950
MONACO COACH CORP COMMON 60886R103 6966766 302082 302082 302082
MORGAN STAN DEAN WITTR COMMON 617446448 5946281 59500 59500 59500
MULTIPLE ZONES INTERNATI COMMON 624906103 2933305 170665 170665 170665
NATIONWIDE HEALTH PPTYS COMMON 638620104 513000 27000 27000 27000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 179288324 5943053 5943053 5943053
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
NEORX CORP COMMON 640520300 1230819 803800 803800 803800
NEW PLAN EXCEL RLTY TR I COMMON 648053106 1847756 96300 96300 96300
NEWS CORP LTD COMMON 652487802 9586500 348600 348600 348600
NXLK PFD CV 65333H863 5500000 110000 110000 110000
NIKE INC CL B COMMON 654106103 4208303 72950 72950 72950
NORDSTROM INC COMMON 655664100 545273 13340 13340 13340
NORTEK INC COMMON 656559101 3128425 126401 126401 126401
NUCOR CORP COMMON 670346105 2251594 51100 51100 51100
OMNICARE INC COMMON 681904108 652509 34230 34230 34230
ONYX SOFTWARE CORP COMMON 683402101 1662813 42500 42500 42500
ORACLE CORP COMMON 68389X105 17479372 662725 662725 662725
ORCAD INC COMMON 685568107 3917532 467765 467765 467765
OREGON STL MLS INC COMMON 686079104 4632998 443880 443880 443880
OUTDOOR SYS INC COMMON 690057104 1288320 42944 42944 42944
OWENS-ILLINOIS INC PFD CV 690768502 2345664 64375 64375 64375
PACCAR INC COMMON 693718108 3358841 81550 81550 81550
PACIFIC GULF PPTYS INC COMMON 694396102 3960630 220035 220035 220035
PACIFICARE HEALTH SYS DE COMMON 695112102 10194619 169381 169381 169381
PACIFICARE HEALTH SYS DE COMMON 695112201 7030706 103014 103014 103014
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 84822671 3954890 3954890 3954890
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
PATRIOT AMERN HOSPITALIT COMMON 703352203 1518639 296319 296319 296319
PEPSICO INC COMMON 713448108 26837559 684850 684850 684850
PHARMACYCLICS INC COMMON 716933106 1732500 105000 105000 105000
PHARMACIA & UPJOHN INC COMMON 716941109 3817350 61200 61200 61200
PFIZER INC COMMON 717081103 7714500 55600 55600 55600
PHILIP MORRIS COS COMMON 718154107 6910825 196400 196400 196400
PINNACLE WEST CAP CORP COMMON 723484101 2357100 64800 64800 64800
PJ AMER INC COMMON 72585Q104 1932000 84000 84000 84000
PRECISION CASTPARTS CORP COMMON 740189105 4432330 110120 110120 110120
PRICE T ROWE & ASSOCIATE COMMON 741477103 10377813 301900 301900 301900
PRIME BANCSHARES INC TEX COMMON 74157H108 4047694 285300 285300 285300
PRISON RLTY CORP COMMON 74264N105 6778601 388737 388737 388737
PROCTER & GAMBLE CO COMMON 742718109 9372619 95700 95700 95700
PROFIT RECOVERY GROUP IN COMMON 743168106 2504300 63400 63400 63400
PROTECTIVE LIFE CORP COMMON 743674103 1625595 42920 42920 42920
PROVIDIAN FINL CORP COMMON 74406A102 11000000 100000 100000 100000
QWEST COMM TRENDS PFD CV 74912L105 4532700 69600 69600 69600
RADISYS CORP COMMON 750459109 16143771 519719 519719 519719
RALSTON PURINA CO COMMON 751277302 11386222 426650 426650 426650
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 135022118 3952215 3952215 3952215
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
RAYTHEON CO COMMON 755111408 20876363 356100 356100 356100
ROCKEFELLER CTR PPTYS IN BND CV 773102AA6 1602938 2075000 2075000 2075000
ROSS STORES INC COMMON 778296103 4295816 98050 98050 98050
ROYAL DUTCH PETE CO COMMON 780257804 12344800 237400 237400 237400
SBC COMMUNICATIONS INC COMMON 78387G103 16548658 350700 350700 350700
SAFECO CORP COMMON 786429100 7611955 188240 188240 188240
SARA LEE CORP COMMON 803111103 22432163 906350 906350 906350
SCHLUMBERGER LTD COMMON 806857108 4526100 75200 75200 75200
SCHNITZER STL INDS COMMON 806882106 5480075 461480 461480 461480
SEALED AIR CORP NEW COMMON 81211K100 5175951 105229 105229 105229
SEQUENT COMPUTER SYS INC COMMON 817338106 4956417 546915 546915 546915
SHIRE PHARMACEUTICALS GR COMMON 82481R106 4145875 181737 181737 181737
SHURGARD STORAGE CTRS IN COMMON 82567D104 4883981 193425 193425 193425
SIGMA ALDRICH CORP COMMON 826552101 3583125 122500 122500 122500
SINCLAIR BROADCAST GROUP PFD CV 829226505 1974305 48375 48375 48375
SONOCO PRODS CO COMMON 835495102 3600650 156550 156550 156550
SONOSITE INC COMMON 83568G104 9142361 664899 664899 664899
SONY CORP COMMON 835699307 17132508 187625 187625 187625
SOUTHERN CO COMMON 842587107 2715906 116500 116500 116500
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 153029947 7072275 7072275 7072275
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
SPRINT CORP FON GROUP COMMON 852061100 28750625 293000 293000 293000
STARBUCKS CORP COMMON 855244109 5933254 211430 211430 211430
STERLING COMMERCE INC COMMON 859205106 3499350 113800 113800 113800
STERLING FINL CORP WASH COMMON 859319105 2639650 170300 170300 170300
SUMMIT DESIGN INC COMMON 86605U101 879313 255800 255800 255800
SUN MICROSYSTEMS INC COMMON 866810104 2920209 23350 23350 23350
SUNBURST HOSPITALITY COR COMMON 866948102 1680263 448070 448070 448070
SUNBEAM CORP BND CV 867071AA0 150500 1400000 1400000 1400000
SUNDSTRAND CORP COMMON 867323107 11738550 168900 168900 168900
SUPERVALU INC COMMON 868536103 4287938 207900 207900 207900
TAUBMAN CTRS INC COMMON 876664103 1781763 145450 145450 145450
TEKTRONIX INC COMMON 879131100 16911061 669745 669745 669745
TELIGENT INC COMMON 87959Y103 3451087 82909 82909 82909
TENET HEALTHCARE CORP COMMON 88033G100 4039369 213300 213300 213300
TOTAL ACCESS COMM BND CV 8904FAA71 718250 850000 850000 850000
TOSCO CORP COMMON 891490302 18620541 750450 750450 750450
TRIGEN ENERGY CORP COMMON 895930105 446213 32600 32600 32600
TRICON GLOBAL RESTAURANT COMMON 895953107 4882375 69500 69500 69500
TRIQUINT SEMICONDUCTOR COMMON 89674K103 6825668 368955 368955 368955
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 120155977 6475459 6475459 6475459
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
TYCO INTL LTD NEW COMMON 902124106 13452838 187496 187496 187496
U S T INC COMMON 902911106 783750 30000 30000 30000
US BANCORP DEL COMMON 902973106 10968602 322014 322014 322014
U S G CORP COMMON 903293405 8723475 169800 169800 169800
U S FOODSERVICE COMMON 90331R101 2862726 61564 61564 61564
US LEC CORP COMMON 90331S109 634670 37061 37061 37061
UNILEVER N V COMMON 904784501 6929431 104300 104300 104300
UNION PAC CORP COMMON 907818108 11181797 209250 209250 209250
UNITED STATES FILTER COR COMMON 911843209 3984313 130100 130100 130100
U S INDS INC NEW COMMON 912080108 12834647 780815 780815 780815
UNOCAL CORP COMMON 915289102 5015000 136000 136000 136000
VETERINARY CTRS AMER INC BND CV 925514AB7 1208400 1590000 1590000 1590000
VIACOM INC COMMON 925524100 13446638 161400 161400 161400
VISIO CORP COMMON 927914101 12994875 462040 462040 462040
WAL MART STORES INC COMMON 931142103 8333750 90400 90400 90400
WALL DATA INC COMMON 932045107 7956491 553495 553495 553495
WARNACO GROUP INC COMMON 934390105 2867453 116150 116150 116150
WARNER LAMBERT CO COMMON 934488107 13283125 200500 200500 200500
WASHINGTON FED INC COMMON 938824109 4338896 206614 206614 206614
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 141800875 5548999 5548999 5548999
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/99
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)
- --------------------------------------------------------------------------------------------------------------------------------
WASTE MGMT INC DEL COMMON 94106L109 27600229 621977 621977 621977
WELLS FARGO & CO NEW COMMON 949746101 22947354 654470 654470 654470
WESTERN WIRELESS CORP COMMON 95988E204 2195300 60560 60560 60560
WEYERHAEUSER CO COMMON 962166104 9621203 173355 173355 173355
WILLAMETTE INDS INC COMMON 969133107 4926753 130510 130510 130510
XEROX CORP COMMON 984121103 3503843 67220 67220 67220
YPF SOCIEDAD ANONIMA COMMON 984245100 6787516 215050 215050 215050
LORAL SPACE & COMMUNICAT COMMON G56462107 423741 29350 29350 29350
LORAL SPACE & COMMUNICAT PFD CV G56462149 5153750 108500 108500 108500
CHECK POINT SOFTW TECH COMMON M22465104 4226900 98300 98300 98300
ESC MEDICAL SYS LTD COMMON M40868107 1483625 215800 215800 215800
GILAT SATELLITE NETWKS COMMON M51474100 3000000 50000 50000 50000
SSANGYONG OIL BND CV Y8147HAA0 796050 915000 915000 915000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 92666263 3340092 3340092 3340092
--------- --------- --------- --------- --------- --------- --------- ---------
REPORT TOTALS 2176455462 100050214 100050214 100050214
========= ========= ========= ========= ========= ========= ========= =========
</TABLE>
