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, 2000
Check here if Amendment [ x ]; Amendment Number: 1
This Amendment (Check only one.): [ x ] 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 31, 2000
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: 270
Form 13F Information Table Value Total: $3,653,965,243
PAGE>
<TABLE>
FORM 13F 9/30/00
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 41418750 1410000 1410000 1410000
AT&T CORP COMMON 001957208 26136000 1452000 1452000 1452000
ATMI INC COMMON 00207R101 1496000 64000 64000 64000
ABBOTT LABS COMMON 002824100 2615938 55000 55000 55000
ACNIELSEN CORP COMMON 004833109 4071938 171000 171000 171000
ACXIOM CORP COMMON 005125109 3460750 109000 109000 109000
ADAPTEC INC BND CV 00651FAC2 11921550 14250000 14250000 14250000
ADOBE SYS INC COMMON 00724F101 21548700 138800 138800 138800
ADVANCED DIGITAL INFORMA COMMON 007525108 21986944 1447700 1447700 1447700
AETNA INC COMMON 008117103 39749588 684600 684600 684600
AIRBORNE FGHT CORP COMMON 009266107 4023349 394930 394930 394930
ALASKA AIR GROUP INC COMMON 011659109 2322480 96770 96770 96770
ALBERTSONS INC COMMON 013104104 8687490 413690 413690 413690
ALCOA INC COMMON 013817101 2910938 115000 115000 115000
ALLSTATE CORP COMMON 020002101 40831250 1175000 1175000 1175000
ALLTEL CORP COMMON 020039103 3131250 60000 60000 60000
ALZA CORP DEL COMMON 022615108 5795500 67000 67000 67000
AMBAC FINL GROUP INC COMMON 023139108 4468250 61000 61000 61000
AMERICAN CAPITAL STRATEG COMMON 024937104 11048442 466425 466425 466425
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 257625105 22631915 22631915 22631915
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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 HOME PRODS CORP COMMON 026609107 18948438 335000 335000 335000
AMERICAN INTL GROUP INC COMMON 026874107 50235938 525000 525000 525000
AMERISOURCE HEALTH CORP COMMON 03071P102 8789000 187000 187000 187000
ARBOR SOFTWARE CORP BND CV 038918AC2 3298455 3975000 3975000 3975000
ARDEN RLTY INC COMMON 039793104 1796438 67000 67000 67000
ARIS CORP COMMON 04040A101 3610950 1375600 1375600 1375600
ARROW ELECTRS INC COMMON 042735100 4325938 127000 127000 127000
ASHLAND INC COMMON 044204105 2425500 72000 72000 72000
AUTODESK INC COMMON 052769106 875438 34500 34500 34500
AVOCENT CORP COMMON 053893103 30375603 551031 551031 551031
AVON PRODS INC COMMON 054303102 39648750 970000 970000 970000
BMC SOFTWARE INC COMMON 055921100 21133125 1105000 1105000 1105000
BAKER HUGHES INC COMMON 057224107 3972375 107000 107000 107000
BANK OF AMERICA CORP COMMON 060505104 76106113 1453100 1453100 1453100
BANK ONE CORP COMMON 06423A103 5407500 140000 140000 140000
BANK UTD CORP COMMON 065412108 5879750 116000 116000 116000
BAXTER INTL INC COMMON 071813109 3112688 39000 39000 39000
BECTON DICKINSON & CO COMMON 075887109 2659613 100600 100600 100600
BOEING CO COMMON 097023105 97202952 1542904 1542904 1542904
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 379804560 12822735 12822735 12822735
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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)
------------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP COMMON 097383103 3607400 135808 135808 135808
BOWNE & CO INC COMMON 103043105 14626463 1500150 1500150 1500150
BRISTOL MYERS SQUIBB CO COMMON 110122108 20165125 353000 353000 353000
BSQUARE CORP COMMON 11776U102 10969350 707700 707700 707700
BUILDING MATLS HLDG CORP COMMON 120113105 17011414 1916779 1916779 1916779
CUC INTL INC BND CV 126545AD4 3578250 3900000 3900000 3900000
CARDINAL HEALTH INC COMMON 14149Y108 54676250 620000 620000 620000
CARNIVAL CORP COMMON 143658102 41739375 1695000 1695000 1695000
CARRAMERICA RLTY CORP COMMON 144418100 2504700 82800 82800 82800
CARREKER CORP COMMON 144433109 17540309 899503 899503 899503
CHARTER ONE FINL INC COMMON 160903100 4857938 199300 199300 199300
CHASE MANHATTAN CORP NEW COMMON 16161A108 26673281 577500 577500 577500
CISCO SYS INC COMMON 17275R102 20553000 372000 372000 372000
CITIGROUP INC COMMON 172967101 55147156 1020063 1020063 1020063
CLICK2LEARN COM INC COMMON 18681S106 15959026 1086572 1086572 1086572
CLOROX CO DEL COMMON 189054109 2967188 75000 75000 75000
COGNIZANT TECHNOLOGY SOL COMMON 192446102 9874800 253200 253200 253200
COLUMBIA SPORTSWEAR CO COMMON 198516106 3718123 81049 81049 81049
COMCAST CORP COMMON 200300200 36229688 885000 885000 885000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 362398833 16360424 16360424 16360424
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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)
------------------------------------------------------------------------------------------------------------------------------
COMERICA INC COMMON 200340107 4850313 83000 83000 83000
COMMSCOPE INC COMMON 203372107 4532500 185000 185000 185000
COMPAQ COMPUTER CORP COMMON 204493100 36543500 1325000 1325000 1325000
COMPUTER ASSOC INTL INC COMMON 204912109 48611875 1930000 1930000 1930000
CONAGRA FOODS INC COMMON 205887102 2407500 120000 120000 120000
CONEXANT SYSTEMS INC BND CV 207142AF7 3610450 5000000 5000000 5000000
CORIXA CORP COMMON 21887F100 45760414 910655 910655 910655
COSTCO WHSL CORP NEW COMMON 22160K105 19885028 569160 569160 569160
COVANCE INC COMMON 222816100 3864500 472000 472000 472000
CRANE CO COMMON 224399105 2659219 116250 116250 116250
CREDENCE SYS CORP COMMON 225302108 13393200 446440 446440 446440
CUTTER & BUCK INC COMMON 232217109 17682953 1421745 1421745 1421745
DENDREON CORP COMMON 24823Q107 12402094 526000 526000 526000
DIEBOLD INC COMMON 253651103 4489063 169000 169000 169000
DIGIMARC CORP COMMON 253807101 10988750 590000 590000 590000
DISNEY WALT CO COMMON 254687106 21611250 565000 565000 565000
DOW CHEM CO COMMON 260543103 4862813 195000 195000 195000
DU PONT E I DE NEMOURS & COMMON 263534109 4765313 115000 115000 115000
DUKE ENERGY CORP COMMON 264399106 5916750 69000 69000 69000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 268837482 14808250 14808250 14808250
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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)
------------------------------------------------------------------------------------------------------------------------------
DUKE WEEKS REALTY CORP COMMON 264411505 3787625 157000 157000 157000
DURA PHARMACEUTICALS INC BND CV 26632SAA7 2744000 2800000 2800000 2800000
DUSA PHARMACEUTICALS INC COMMON 266898105 6809563 221000 221000 221000
E M C CORP MASS COMMON 268648102 31918250 322000 322000 322000
EDEN BIOSCIENCE CORP COMMON 279445100 1188000 36000 36000 36000
EDISON SCHOOLS INC COMMON 281033100 5556250 175000 175000 175000
EDWARDS AG INC COMMON 281760108 3557250 68000 68000 68000
ELECTRO SCIENTIFIC INDS COMMON 285229100 12577560 358080 358080 358080
ELECTRONICS FOR IMAGING COMMON 286082102 4494500 178000 178000 178000
EMISPHERE TECHNOLOGIES I COMMON 291345106 2918906 97500 97500 97500
ENGELHARD CORP COMMON 292845104 1160250 71400 71400 71400
ENRON CORP COMMON 293561106 33367600 380800 380800 380800
EQUITY OFFICE PROPERTIES COMMON 294741103 3510063 113000 113000 113000
EQUITY RESIDENTIAL PPTYS COMMON 29476L107 3504000 73000 73000 73000
ESSEX PPTY TR INC COMMON 297178105 2491875 45000 45000 45000
EXPEDITORS INTL WASH INC COMMON 302130109 19227222 426679 426679 426679
EXPRESS SCRIPTS INC COMMON 302182100 4840750 67000 67000 67000
EXXON MOBIL CORP COMMON 30231G102 32314586 362576 362576 362576
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 175968250 5952035 5952035 5952035
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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)
------------------------------------------------------------------------------------------------------------------------------
FEI CO COMMON 30241L109 32414897 1494635 1494635 1494635
FPL GROUP INC COMMON 302571104 5917500 90000 90000 90000
FEDERAL HOME LN MTG CORP COMMON 313400301 40276563 745000 745000 745000
FEDERAL NATL MTG ASSN COMMON 313586109 6435000 90000 90000 90000
FEDERAL SIGNAL CORP COMMON 313855108 4432125 223000 223000 223000
F5 NETWORKS INC COMMON 315616102 6426000 189000 189000 189000
FIRST CONSULTING GROUP I COMMON 31986R103 7465832 1342172 1342172 1342172
FIRST DATA CORP COMMON 319963104 13710938 351000 351000 351000
FIRST ST BANCORPORATION COMMON 336453105 1097006 89551 89551 89551
FIRST UN CORP COMMON 337358105 32992188 1025000 1025000 1025000
FIRST WASH BANCORP INC W COMMON 33748T104 7593221 484030 484030 484030
FOUNDATION HEALTH SYS IN COMMON 350404109 21279003 1279940 1279940 1279940
FRANCHISE FIN CORP AMER COMMON 351807102 1867500 83000 83000 83000
FRANKLIN RES INC COMMON 354613101 3065670 69000 69000 69000
GENERAL DYNAMICS CORP COMMON 369550108 3517500 56000 56000 56000
GENERAL ELEC CO COMMON 369604103 32172319 557700 557700 557700
GENUINE PARTS CO COMMON 372460105 4289063 225000 225000 225000
GETTY IMAGES INC COMMON 374276103 16764975 550800 550800 550800
GLOBAL CROSSING LTD PFD CV 37932J301 1204726 6230 6230 6230
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 242922022 8951058 8951058 8951058
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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)
------------------------------------------------------------------------------------------------------------------------------
GRANDETEL TECHNOLOGIES COMMON 386560205 0 16498 16498 16498
GREENBRIER COS INC COMMON 393657101 9202695 1082670 1082670 1082670
HMT TECHNOLOGY CORP BND CV 403917AD9 1237500 2750000 2750000 2750000
HIH CAP LTD BND CV 404193AA2 487500 1300000 1300000 1300000
HALLIBURTON CO COMMON 406216101 32445563 663000 663000 663000
HANOVER COMPRESSOR CO COMMON 410768105 8866446 269190 269190 269190
HARCOURT GEN INC COMMON 41163G101 2513400 42600 42600 42600
HEALTH CARE PPTY INVS IN COMMON 421915109 9545175 322200 322200 322200
HELLER FINANCIAL INC COMMON 423328103 9249566 323836 323836 323836
HERSHEY FOODS CORP COMMON 427866108 7631625 141000 141000 141000
HEWLETT PACKARD CO COMMON 428236103 24861100 256300 256300 256300
HOLLYWOOD ENTMT CORP COMMON 436141105 23524069 3162900 3162900 3162900
HONEYWELL INTL INC COMMON 438516106 35625000 1000000 1000000 1000000
HOSPITALITY PPTYS TR COMMON 44106M102 2220625 95000 95000 95000
HOUGHTON MIFFLIN CO COMMON 441560109 3689500 94000 94000 94000
HUNTINGDON LIFE SCIENCES COMMON 445891302 425363 226860 226860 226860
ICN PHARMACEUTICALS INC COMMON 448924100 4455500 134000 134000 134000
ICOS CORP COMMON 449295104 19321813 356985 356985 356985
IMS HEALTH INC COMMON 449934108 3735000 180000 180000 180000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 199037438 12417039 12417039 12417039
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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)
------------------------------------------------------------------------------------------------------------------------------
IMMUNEX CORP NEW COMMON 452528102 4888095 112370 112370 112370
INCYTE GENOMICS INC COMMON 45337C102 13324500 324000 324000 324000
INFOCUS CORP COMMON 45665B106 25138801 474317 474317 474317
INTEL CORP COMMON 458140100 31705122 762830 762830 762830
INTERNATIONAL BUSINESS M COMMON 459200101 39712500 353000 353000 353000
INTIMATE BRANDS INC COMMON 461156101 27508000 1472000 1472000 1472000
INTRAWARE INC COMMON 46118M103 8477031 1135000 1135000 1135000
J JILL GROUP INC COMMON 466189107 9532650 740400 740400 740400
JOHNSON & JOHNSON COMMON 478160104 23944669 254900 254900 254900
JONES APPAREL GROUP INC COMMON 480074103 2226000 84000 84000 84000
K2 INC COMMON 482732104 17962105 2009746 2009746 2009746
KEYCORP NEW COMMON 493267108 11332406 447700 447700 447700
KIMBERLY CLARK CORP COMMON 494368103 21711063 389000 389000 389000
KROGER CO COMMON 501044101 82848710 3671965 3671965 3671965
LATITUDE COMMUNICATIONS COMMON 518292107 9266520 1195680 1195680 1195680
LATTICE SEMICONDUCTOR CO COMMON 518415104 16954363 315430 315430 315430
LITTON INDS INC COMMON 538021106 3843125 86000 86000 86000
LOCKHEED MARTIN CORP COMMON 539830109 4218880 128000 128000 128000
LOUISIANA PAC CORP COMMON 546347105 17257800 1878400 1878400 1878400
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 371852339 15834738 15834738 15834738
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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)
------------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES INC COMMON 549463107 14517188 475000 475000 475000
MADE2MANAGE SYS INC COMMON 556466100 1551869 477498 477498 477498
MARCHFIRST INC COMMON 566244109 4000313 255000 255000 255000
MATTEL INC COMMON 577081102 40028875 3578000 3578000 3578000
MAY DEPT STORES CO COMMON 577778103 3792500 185000 185000 185000
MEDICAL CARE INTL INC BND CV 584505AC5 3932110 4321000 4321000 4321000
MELLON FINL CORP COMMON 58551A108 30004625 647000 647000 647000
MENTOR GRAPHICS CORP COMMON 587200106 8690439 368825 368825 368825
MERCK & CO INC COMMON 589331107 19606838 263400 263400 263400
METRO ONE TELECOMMUNICAT COMMON 59163F105 6989389 553615 553615 553615
MICROSOFT CORP COMMON 594918104 38630428 640504 640504 640504
MICROVISION INC WASH COMMON 594960106 13612698 356470 356470 356470
MICROCHIP TECHNOLOGY INC COMMON 595017104 3322781 100500 100500 100500
MICRON TECHNOLOGY INC COMMON 595112103 5500680 119580 119580 119580
MONACO COACH CORP COMMON 60886R103 22060698 1337012 1337012 1337012
MYLAN LABS INC COMMON 628530107 53201563 1975000 1975000 1975000
NATIONWIDE HEALTH PPTYS COMMON 638620104 8239688 517000 517000 517000
NEORX CORP COMMON 640520300 11267550 459900 459900 459900
NETWORKS ASSOCS INC BND CV 640938AB2 11771680 31341000 31341000 31341000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 300721909 47971304 47971304 47971304
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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)
------------------------------------------------------------------------------------------------------------------------------
NETIQ CORP COMMON 64115P102 16423944 250031 250031 250031
NEWS CORP LTD COMMON 652487703 1681875 30000 30000 30000
NEWS CORP LTD COMMON 652487802 25312500 540000 540000 540000
NIKE INC COMMON 654106103 12653140 315835 315835 315835
NISOURCE INC COMMON 65473P105 5484375 225000 225000 225000
NOVOSTE CORP COMMON 67010C100 2193000 51600 51600 51600
NVIDIA CORP COMMON 67066G104 7860000 96000 96000 96000
OCEAN ENERGY INC TEX COMMON 67481E106 2361938 153000 153000 153000
OMNICARE INC BND CV 681904AD0 3339306 4445000 4445000 4445000
ONYX SOFTWARE CORP COMMON 683402101 23683688 1148300 1148300 1148300
ORACLE CORP COMMON 68389X105 18900000 240000 240000 240000
ORASURE TECHNOLOGIES INC COMMON 68554V108 15519050 1176800 1176800 1176800
OREGON STL MLS INC COMMON 686079104 3863963 2060780 2060780 2060780
PMI GROUP INC COMMON 69344M101 5555500 82000 82000 82000
PNC FINL SVCS GROUP INC COMMON 693475105 5980000 92000 92000 92000
PPG INDS INC COMMON 693506107 2381250 60000 60000 60000
PACCAR INC COMMON 693718108 14216990 383595 383595 383595
PACIFIC NORTHWEST BANCOR COMMON 69466M103 5752336 444625 444625 444625
PACIFICARE HEALTH SYS DE COMMON 695112102 27924151 802130 802130 802130
PAIN THERATEUTICS INC COMMON 69562K100 6157725 310800 310800 310800
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 207244729 12907496 12907496 12907496
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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)
------------------------------------------------------------------------------------------------------------------------------
PAPA JOHNS INTL INC COMMON 698813102 2431063 97000 97000 97000
PENNEY J C INC COMMON 708160106 6426000 544000 544000 544000
PEOPLEPC INC COMMON 709776108 6638750 1130000 1130000 1130000
PEOPLESOFT INC COMMON 712713106 6928500 248000 248000 248000
PEPSICO INC COMMON 713448108 24610000 535000 535000 535000
PEREGRINE SYSTEMS INC COMMON 71366Q101 11021062 581970 581970 581970
PHARMACYCLICS INC COMMON 716933106 9364238 188700 188700 188700
PFIZER INC COMMON 717081103 14874313 331000 331000 331000
PHYCOR INC BND CV 71940FAB6 596050 5000000 5000000 5000000
PINNACLE WEST CAP CORP COMMON 723484101 2849000 56000 56000 56000
PIXELWORKS INC COMMON 72581M107 13829375 290000 290000 290000
PRECISION CASTPARTS CORP COMMON 740189105 13962744 363850 363850 363850
PRICE T ROWE & ASSOCIATE COMMON 741477103 3238688 69000 69000 69000
PRIMUS KNOWLEDGE SOLUTIO COMMON 74163Q100 15640519 1055900 1055900 1055900
PROCTER & GAMBLE CO COMMON 742718109 22981000 343000 343000 343000
PROVIDIAN FINL CORP COMMON 74406A102 23114000 182000 182000 182000
PSINET INC PFD CV 74437C309 915438 37750 37750 37750
QUIKSILVER INC COMMON 74838C106 4061750 211000 211000 211000
RADISYS CORP COMMON 750459109 30188088 597045 597045 597045
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 213670574 11861215 11861215 11861215
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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 45215625 1590000 1590000 1590000
REPSOL YPF S A COMMON 76026T205 3113125 170000 170000 170000
REPUBLIC SVCS INC COMMON 760759100 3675000 280000 280000 280000
ROCKEFELLER CENTER PROP BND CV 773102AA6 1478750 1750000 1750000 1750000
ROSETTA INPHARMATICS INC COMMON 777777103 4127813 148000 148000 148000
ROYAL DUTCH PETE CO COMMON 780257804 32186438 537000 537000 537000
SBC COMMUNICATIONS INC COMMON 78387G103 26150002 523000 523000 523000
S3 INC BND CV 784849AC5 11657375 13025000 13025000 13025000
SAFECO CORP COMMON 786429100 2680310 98360 98360 98360
SARA LEE CORP COMMON 803111103 1787500 88000 88000 88000
SCHNITZER STL INDS COMMON 806882106 7180433 503890 503890 503890
SEMITOOL INC COMMON 816909105 6445969 503100 503100 503100
SENSORMATIC ELECTRS CORP COMMON 817265101 4410000 294000 294000 294000
SHIRE PHARMACEUTICALS GR COMMON 82481R106 11080635 214637 214637 214637
SHURGARD STORAGE CTRS IN COMMON 82567D104 4864475 215600 215600 215600
SIMON PPTY GROUP INC NEW COMMON 828806109 2226563 95000 95000 95000
SIRIUS SATELLITE RADIO I COMMON 82966U103 7968263 150700 150700 150700
SONOSITE INC COMMON 83568G104 23211146 1242068 1242068 1242068
SOUTHERN CO COMMON 842587107 5092688 157000 157000 157000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 204552107 21585355 21585355 21585355
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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 COMMON 852061100 16159981 551300 551300 551300
STANCORP FINL GROUP INC COMMON 852891100 12680291 296615 296615 296615
STARBUCKS CORP COMMON 855244109 5375787 134185 134185 134185
STARWOOD HOTELS&RESORTS COMMON 85590A203 1965625 62900 62900 62900
STORAGE USA INC COMMON 861907103 1997750 65500 65500 65500
SUIZA FOODS CORP COMMON 865077101 3548125 70000 70000 70000
SUNBEAM CORP BND CV 867071AD4 1782000 9900000 9900000 9900000
SUPERVALU INC COMMON 868536103 2003313 133000 133000 133000
SYKES ENTERPRISES INC COMMON 871237103 1478125 275000 275000 275000
SYNOPSYS INC COMMON 871607107 3787500 100000 100000 100000
SYSTEMS & COMPUTER TECHN COMMON 871873105 3055875 174000 174000 174000
TCF FINL CORP COMMON 872275102 5267500 140000 140000 140000
TARGET CORP COMMON 87612E106 20243750 790000 790000 790000
TAUBMAN CTRS INC COMMON 876664103 1474219 127500 127500 127500
TEKTRONIX INC COMMON 879131100 8661378 112760 112760 112760
TELEFLEX INC COMMON 879369106 3162500 92000 92000 92000
TEXACO INC COMMON 881694103 4620000 88000 88000 88000
TOTAL ACCESS COMM BND CV 8904FAA71 1331678 1060000 1060000 1060000
TOSCO CORP COMMON 891490302 25576869 820100 820100 820100
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 124172265 14992860 14992860 14992860
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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)
------------------------------------------------------------------------------------------------------------------------------
TREDEGAR CORP COMMON 894650100 6654925 384400 384400 384400
TRICON GLOBAL RESTAURANT COMMON 895953107 4042500 132000 132000 132000
TRIQUINT SEMICONDUCTOR I COMMON 89674K103 606320 16640 16640 16640
TYCO INTL LTD NEW COMMON 902124106 61212500 1180000 1180000 1180000
US BANCORP DEL COMMON 902973106 16792753 738143 738143 738143
ULTRAMAR DIAMOND SHAMROC COMMON 904000106 2410625 95000 95000 95000
UNITED STATES CELLULAR C COMMON 911684108 4410000 63000 63000 63000
UNOCAL CORP COMMON 915289102 28350000 800000 800000 800000
VALERO ENERGY CORP NEW COMMON 91913Y100 2815000 80000 80000 80000
VERIZON COMMUNICATIONS COMMON 92343V104 16565625 342000 342000 342000
VETERINARY CTRS AMER INC BND CV 925514AB7 12315000 12315000 12315000 12315000
VIACOM INC COMMON 925524100 15385500 263000 263000 263000
WASHINGTON FED INC COMMON 938824109 19110867 840038 840038 840038
WASTE MGMT INC DEL COMMON 94106L109 2790000 160000 160000 160000
WASTE MGMT INC DEL BND CV 94106LAA7 9917000 10550000 10550000 10550000
WELLS FARGO & CO NEW COMMON 949746101 77476450 1686562 1686562 1686562
WESTCOAST HOSPITALITY CO COMMON 95750P106 10883616 1813936 1813936 1813936
WEYERHAEUSER CO COMMON 962166104 6917651 171335 171335 171335
WILLAMETTE INDS INC COMMON 969133107 6399540 228555 228555 228555
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 305055872 31859609 31859609 31859609
</TABLE>
<PAGE>
<TABLE>
FORM 13F 9/30/00
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 1065969 1925 1925 1925
WORLDCOM INC GA NEW COMMON 98157D106 21414375 705000 705000 705000
ZAPME CORP COMMON 98912E100 3284225 1876700 1876700 1876700
GILAT SATELLITE NETWORKS COMMON M51474100 14337188 186500 186500 186500
--------- --------- --------- --------- --------- --------- --------- -----
COLUMN TOTALS 40101756 2770125 2770125 2770125
--------- --------- --------- --------- --------- --------- --------- -----
REPORT TOTALS 3653965243 253726160 253726160 253726160
========= ========= ========= ========= ========= ========= ========= ==
</TABLE>
