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, 2000
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 April 19, 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: 291
Form 13F Information Table Value Total: $3,272,415,369
<PAGE>
<TABLE>
FORM 13F 3/31/00
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 35713388 634200 634200 634200
AT&T CORP COMMON 001957208 43410582 731896 731896 731896
ATMI INC COMMON 00207R101 3983066 83415 83415 83415
AVT CORP COMMON 002420107 4984875 422000 422000 422000
ABBOTT LABS COMMON 002824100 10990816 312350 312350 312350
ACNIELSEN CORP COMMON 004833109 2384235 105966 105966 105966
ACXIOM CORP COMMON 005125109 1995000 60000 60000 60000
ADAPTEC INC BND CV 00651FAC2 1025000 1000000 1000000 1000000
ADOBE SYS INC COMMON 00724F101 53773956 483090 483090 483090
AETNA INC COMMON 008117103 37098975 668450 668450 668450
AIRBORNE FGHT CORP COMMON 009266107 13602384 566766 566766 566766
ALASKA AIR GROUP INC COMMON 011659109 9082483 302120 302120 302120
ALBERTSONS INC COMMON 013104104 14905833 482780 482780 482780
ALLSTATE CORP COMMON 020002101 16787813 705000 705000 705000
ALLTEL CORP COMMON 020039103 1768850 27966 27966 27966
ALZA CORP DEL COMMON 022615108 2291313 61000 61000 61000
AMBAC FINL GROUP INC COMMON 023139108 1964625 39000 39000 39000
AMERICAN CAPITAL STRATEG COMMON 024937104 10280047 405125 405125 405125
AMERICAN HOME PRODS CORP COMMON 026609107 18602875 346100 346100 346100
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 284646112 7437224 7437224 7437224
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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 INTL GROUP INC COMMON 026874107 39420000 360000 360000 360000
AMERICAN STD COS INC DEL COMMON 029712106 1426350 38550 38550 38550
AMERISOURCE HEALTH CORP COMMON 03071P102 1785000 119000 119000 119000
APEX INC COMMON 037548104 20012046 539045 539045 539045
ARBOR SOFTWARE CORP BND CV 038918AC2 1389063 1750000 1750000 1750000
ARDEN RLTY GROUP INC COMMON 039793104 1315125 63000 63000 63000
ARIS CORP COMMON 04040A101 10460755 1564225 1564225 1564225
ARROW ELECTRS INC COMMON 042735100 2432250 69000 69000 69000
ASHLAND INC COMMON 044204105 1827088 54950 54950 54950
AT HOME CORP BND CV 045919AC1 5220000 7200000 7200000 7200000
AT HOME CORP BND CV 045919AD9 1471500 1800000 1800000 1800000
AUTODESK INC COMMON 052769106 1831375 40250 40250 40250
AVON PRODS INC COMMON 054303102 27759713 949050 949050 949050
BP AMOCO P L C COMMON 055622104 7167131 134594 134594 134594
BMC SOFTWARE INC COMMON 055921100 46595188 943700 943700 943700
BAKER HUGHES INC COMMON 057224107 2026750 67000 67000 67000
BANK OF AMERICA CORP COMMON 060505104 71489355 1363325 1363325 1363325
BANK ONE CORP COMMON 06423A103 1069500 31000 31000 31000
BANK UTD CORP COMMON 065412108 2083125 66000 66000 66000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 246781311 17152689 17152689 17152689
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
BANK UNITED 8% 'PIES' PFD CV 065412306 2264895 52980 52980 52980
BAXTER INTL INC COMMON 071813109 2353916 37550 37550 37550
BECTON DICKINSON & CO COMMON 075887109 2437853 92650 92650 92650
BEMIS INC COMMON 081437105 1847438 50100 50100 50100
BERINGER WINE ESTATES HO COMMON 084102102 6888000 192000 192000 192000
BLOCKBUSTER INC COMMON 093679108 2047500 204750 204750 204750
BOEING CO COMMON 097023105 43230048 1143274 1143274 1143274
BOISE CASCADE CORP COMMON 097383103 4750603 136708 136708 136708
BOWNE & CO INC COMMON 103043105 19534594 1517250 1517250 1517250
BRISTOL MYERS SQUIBB CO COMMON 110122108 11136000 192000 192000 192000
BSQUARE CORP COMMON 11776U102 6316688 285500 285500 285500
BUILDING MATLS HLDG CORP COMMON 120113105 13434921 1482474 1482474 1482474
CII FINL INC BND CV 12551LAB7 856170 1359000 1359000 1359000
CV THERAPEUTICS INC COMMON 126667104 4818000 96000 96000 96000
CARDINAL HEALTH INC COMMON 14149Y108 35589825 775800 775800 775800
CARRAMERICA RLTY CORP COMMON 144418100 1708500 80400 80400 80400
CARREKER ANTINORI INC COMMON 144433109 10623975 841503 841503 841503
CHARTER ONE FINL INC COMMON 160903100 2310000 110000 110000 110000
CHASE MANHATTAN CORP NEW COMMON 16161A108 25853273 296525 296525 296525
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 198002198 8946464 8946464 8946464
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
CHIQUITA BRANDS INTL INC BND CV 170032AH9 1221000 1650000 1650000 1650000
CHIREX INC COMMON 170038103 8720250 453000 453000 453000
CISCO SYS INC COMMON 17275R102 40101994 518700 518700 518700
CITIGROUP INC COMMON 172967101 46961879 784332 784332 784332
CLICK2LEARN COM INC COMMON 18681S106 12309677 863837 863837 863837
COGNIZANT TECHNOLOGY SOL COMMON 192446102 11450000 183200 183200 183200
COLUMBIA/HCA HEALTHCARE COMMON 197677107 1585828 62650 62650 62650
COLUMBIA SPORTSWEAR CO COMMON 198516106 4836276 197399 197399 197399
COMCAST CORP COMMON 200300200 15085825 347800 347800 347800
COMERICA INC COMMON 200340107 2261250 54000 54000 54000
COMMSCOPE INC COMMON 203372107 2010250 44000 44000 44000
COMPAQ COMPUTER CORP COMMON 204493100 24705000 915000 915000 915000
COMPUTER ASSOC INTL INC COMMON 204912109 25116216 424350 424350 424350
COMSAT CORP COMMON 20564D107 2124375 103000 103000 103000
CONSECO INC COMMON 208464107 9636304 842518 842518 842518
CORIXA CORP COMMON 21887F100 34008769 824455 824455 824455
COSTCO WHSL CORP NEW COMMON 22160K105 10825773 205960 205960 205960
COVANCE INC COMMON 222816100 2193000 204000 204000 204000
CRANE CO COMMON 224399105 2502338 106200 106200 106200
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 257656001 8784401 8784401 8784401
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
CREDENCE SYS CORP COMMON 225302108 16302536 130290 130290 130290
CREDENCE SYS CORP BND CV 225302AC2 3100000 2000000 2000000 2000000
CUTTER & BUCK INC COMMON 232217109 18487917 1375845 1375845 1375845
METROMEDIA FIBER NETWORK PFD CV 24366Q209 3680500 43300 43300 43300
DENTSPLY INTL INC NEW COMMON 249030107 2285606 80550 80550 80550
DIEBOLD INC COMMON 253651103 4415125 160550 160550 160550
DISNEY WALT CO COMMON 254687106 23842500 578000 578000 578000
DUN & BRADSTREET CORP DE COMMON 26483B106 12808256 447450 447450 447450
DURA PHARMACEUTICALS INC BND CV 26632SAA7 2250500 2800000 2800000 2800000
DUSA PHARMACEUTICALS INC COMMON 266898105 6487063 271000 271000 271000
E M C CORP MASS COMMON 268648102 37371600 296600 296600 296600
EDWARDS AG INC COMMON 281760108 2200000 55000 55000 55000
ELECTRO SCIENTIFIC INDS COMMON 285229100 15073040 259880 259880 259880
ELECTRONICS FOR IMAGING COMMON 286082102 2340000 39000 39000 39000
EMERSON ELEC CO COMMON 291011104 4945672 93095 93095 93095
EMISPHERE TECHNOLOGIES I COMMON 291345106 6225000 120000 120000 120000
ENGELHARD CORP COMMON 292845104 1079925 71400 71400 71400
ENRON CORP COMMON 293561106 29448338 393300 393300 393300
EPITOPE INC COMMON 294261102 4218750 450000 450000 450000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 196562328 9665260 9665260 9665260
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
ESSEX PPTY TR INC COMMON 297178105 1512000 42000 42000 42000
EXPEDITORS INTL WASH INC COMMON 302130109 32056348 806449 806449 806449
EXPRESS SCRIPTS INC COMMON 302182100 2226000 53000 53000 53000
EXXON MOBIL CORP COMMON 30231G102 29234200 375098 375098 375098
FEI CO COMMON 30241L109 46423500 1547450 1547450 1547450
FLIR SYS INC COMMON 302445101 4994876 543660 543660 543660
FEDERAL HOME LN MTG CORP COMMON 313400301 33494125 758000 758000 758000
FEDERAL MOGUL CORP COMMON 313549107 16787625 1006000 1006000 1006000
FEDERAL NATL MTG ASSN COMMON 313586109 2983672 52750 52750 52750
FEDERAL SIGNAL CORP COMMON 313855108 2095250 116000 116000 116000
FINOVA GROUP INC COMMON 317928109 1517328 90250 90250 90250
FIRST CONSULTING GROUP I COMMON 31986R103 11881545 731172 731172 731172
FIRST DATA CORP COMMON 319963104 15049781 339150 339150 339150
FIRST ST BANCORPORATION COMMON 336453105 985066 89551 89551 89551
FIRST UN CORP COMMON 337358105 31252750 839000 839000 839000
FIRST WASH BANCORP INC W COMMON 33748T104 8873880 486240 486240 486240
FORT JAMES CORP COMMON 347471104 2341900 106450 106450 106450
FOUNDATION HEALTH SYS IN COMMON 350404109 16822960 2102870 2102870 2102870
FRANCHISE FIN CORP AMER COMMON 351807102 1863488 80150 80150 80150
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 262396295 10165240 10165240 10165240
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
FRANKLIN RES INC COMMON 354613101 2170094 64900 64900 64900
GST TELECOMMUNICATIONS I COMMON 361942105 719075 117400 117400 117400
GENERAL COMMUNICATION IN COMMON 369385109 1192793 221915 221915 221915
GENERAL DYNAMICS CORP COMMON 369550108 2432775 48900 48900 48900
GENERAL ELEC CO COMMON 369604103 30129000 193600 193600 193600
GETTY IMAGES INC COMMON 374276103 15190781 422700 422700 422700
GLOBAL CROSSING 144A PFD CV 37932J301 1573813 6500 6500 6500
GRAINGER W W INC COMMON 384802104 1508150 27800 27800 27800
GRANDETEL TECHNOLOGIES COMMON 386560205 0 16498 16498 16498
GREENBRIER COS INC COMMON 393657101 8345078 1068170 1068170 1068170
HMT TECHNOLOGY CORP BND CV 403917AD9 740000 2000000 2000000 2000000
HIH CAP LTD BND CV 404193AA2 780000 1300000 1300000 1300000
HNC SOFTWARE INC COMMON 40425P107 3761663 52200 52200 52200
HALLIBURTON CO COMMON 406216101 32974025 801800 801800 801800
HANCOCK JOHN FINL SVCS I COMMON 41014S106 408213 22600 22600 22600
HANOVER COMPRESSOR CO COMMON 410768105 7990653 140495 140495 140495
HARBINGER CORP COMMON 41145C103 12551739 430961 430961 430961
HARCOURT GEN INC COMMON 41163G101 2410075 64700 64700 64700
HEALTH CARE PPTY INVS IN COMMON 421915109 5934569 233300 233300 233300
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 130812495 7234439 7234439 7234439
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP COMMON 421924101 1240159 218050 218050 218050
HEALTHSOUTH CORP BND CV 421924AF8 186000 240000 240000 240000
HELLER FINANCIAL INC COMMON 423328103 7416028 322436 322436 322436
HERSHEY FOODS CORP COMMON 427866108 1901250 39000 39000 39000
HEWLETT PACKARD CO COMMON 428236103 36846238 277300 277300 277300
HOLLYWOOD ENTMT CORP COMMON 436141105 7265119 901100 901100 901100
HONEYWELL INTL INC COMMON 438516106 15488808 293975 293975 293975
HORIZON BANK COMMON 44041F105 254574 28090 28090 28090
HOSPITALITY PPTYS TR COMMON 44106M102 1734413 85650 85650 85650
HOUGHTON MIFFLIN CO COMMON 441560109 1824813 43000 43000 43000
HUNTINGDON LIFE SCIENCES COMMON 445891203 680063 604500 604500 604500
ICN PHARMACEUTICALS INC COMMON 448924100 2370750 87000 87000 87000
ICOS CORP COMMON 449295104 15374439 425590 425590 425590
IMS HEALTH INC COMMON 449934108 1480338 87400 87400 87400
IMMUNEX CORP NEW COMMON 452528102 8108581 127820 127820 127820
IN FOCUS SYS INC COMMON 452919103 24380326 680777 680777 680777
INCYTE PHARMACEUTICALS I COMMON 45337C102 8481438 97000 97000 97000
INTEGRATED DEVICE TECHNO BND CV 458118AA4 2479263 1898000 1898000 1898000
INTEL CORP COMMON 458140100 51887720 393275 393275 393275
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 189400318 6849963 6849963 6849963
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS M COMMON 459200101 29470500 249750 249750 249750
INTERWEST BANCORP INC COMMON 460931108 1602906 116575 116575 116575
INTIMATE BRANDS INC COMMON 461156101 19652410 477145 477145 477145
INTRAWARE INC COMMON 46118M103 3924688 95000 95000 95000
J JILL GROUP INC COMMON 466189107 4303294 1092900 1092900 1092900
JOHNSON & JOHNSON COMMON 478160104 18379156 261625 261625 261625
JONES APPAREL GROUP INC COMMON 480074103 1201750 38000 38000 38000
K2 INC COMMON 482732104 14395775 1813641 1813641 1813641
KEYCORP NEW COMMON 493267108 8582300 451700 451700 451700
KIMBERLY CLARK CORP COMMON 494368103 21931650 391200 391200 391200
KROGER CO COMMON 501044101 65795114 3746341 3746341 3746341
LATITUDE COMMUNICATIONS COMMON 518292107 12678750 483000 483000 483000
LATTICE SEMICONDUCTOR CO COMMON 518415104 23287208 344040 344040 344040
LIBERTY FINL COS INC COMMON 530512102 4587089 231525 231525 231525
LIMITED INC COMMON 532716107 17286752 410368 410368 410368
LITTON INDS INC COMMON 538021106 2562875 58000 58000 58000
LIZ CLAIBORNE INC COMMON 539320101 2906803 63450 63450 63450
LOUISIANA PAC CORP COMMON 546347105 15667650 1129200 1129200 1129200
LUCENT TECHNOLOGIES INC COMMON 549463107 21253750 347000 347000 347000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 289470419 11800460 11800460 11800460
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
MCI WORLDCOM INC COMMON 55268B106 21885938 483000 483000 483000
MGIC INVT CORP WIS COMMON 552848103 4098569 93950 93950 93950
MADE2MANAGE SYS INC COMMON 556466100 4118420 477498 477498 477498
MATTEL INC COMMON 577081102 19689863 1875225 1875225 1875225
MAY DEPT STORES CO COMMON 577778103 2315255 81237 81237 81237
MEDICAL CARE INTL INC BND CV 584505AC5 3651245 4321000 4321000 4321000
MELLON FINL CORP COMMON 58551A108 22170533 745228 745228 745228
MENTOR GRAPHICS CORP COMMON 587200106 10785638 713100 713100 713100
MERCK & CO INC COMMON 589331107 14413000 232000 232000 232000
MERRILL LYNCH & CO INC COMMON 590188108 12474000 118800 118800 118800
METRO ONE TELECOMMUNICAT COMMON 59163F105 7482577 559445 559445 559445
MICROSOFT CORP COMMON 594918104 63216917 594982 594982 594982
MICROVISION INC WASH COMMON 594960106 20746178 372965 372965 372965
MICROCHIP TECHNOLOGY INC COMMON 595017104 2235500 34000 34000 34000
MICRON TECHNOLOGY INC COMMON 595112103 9498510 75385 75385 75385
MISSION CRITICAL SOFTWAR COMMON 605047109 7335000 120000 120000 120000
MONACO COACH CORP COMMON 60886R103 17870013 940527 940527 940527
MYLAN LABS INC COMMON 628530107 47161125 1714950 1714950 1714950
NATIONWIDE HEALTH PPTYS COMMON 638620104 4071669 390100 390100 390100
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 295219948 13943392 13943392 13943392
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
NEORX CORP COMMON 640520300 15762825 824200 824200 824200
NETWORKS ASSOCS INC BND CV 640938AB2 5848756 15341000 15341000 15341000
NEWS CORP LTD COMMON 652487703 1687500 30000 30000 30000
NEWS CORP LTD COMMON 652487802 17600650 368600 368600 368600
NIKE INC COMMON 654106103 11590114 292495 292495 292495
NORDSTROM INC COMMON 655664100 3606818 122265 122265 122265
NOVOSTE CORP COMMON 67010C100 5880000 147000 147000 147000
NVIDIA CORP COMMON 67066G104 6167359 73000 73000 73000
OCEAN ENERGY INC TEX COMMON 67481E106 1164375 81000 81000 81000
OMNICARE INC BND CV 681904AD0 1367438 1870000 1870000 1870000
ONYX SOFTWARE CORP COMMON 683402101 11060625 347000 347000 347000
ORACLE CORP COMMON 68389X105 30623919 392300 392300 392300
ORBITAL SCIENCES CORP BND CV 685564AC0 1600000 2000000 2000000 2000000
OREGON STL MLS INC COMMON 686079104 1013894 261650 261650 261650
PMI GROUP INC COMMON 69344M101 2277000 48000 48000 48000
PACCAR INC COMMON 693718108 8061250 161225 161225 161225
PACIFIC GULF PPTYS INC COMMON 694396102 5300124 270070 270070 270070
PACIFICARE HEALTH SYS DE COMMON 695112102 43751896 877231 877231 877231
PAPA JOHNS INTL INC COMMON 698813102 1188000 36000 36000 36000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 175552542 23543036 23543036 23543036
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC COMMON 708160106 1115625 75000 75000 75000
PEOPLESOFT INC COMMON 712713106 1680000 84000 84000 84000
PEPSICO INC COMMON 713448108 24593850 705200 705200 705200
PHARMACYCLICS INC COMMON 716933106 7166981 128700 128700 128700
PFIZER INC COMMON 717081103 12321563 337000 337000 337000
PHILIP MORRIS COS INC COMMON 718154107 1426994 67550 67550 67550
PHYCOR INC BND CV 71940FAB6 2356250 5000000 5000000 5000000
PRECISION CASTPARTS CORP COMMON 740189105 7286313 199625 199625 199625
PRICE T ROWE & ASSOCIATE COMMON 741477103 2531950 64100 64100 64100
PRIMUS KNOWLEDGE SOLUTIO COMMON 74163Q100 9537400 110900 110900 110900
PROCTER & GAMBLE CO COMMON 742718109 5398575 95550 95550 95550
PROVIDIAN FINL CORP COMMON 74406A102 14799881 170850 170850 170850
PSINET INC PFD CV 74437C309 2528000 39500 39500 39500
QWEST COMM TRENDS PFD CV 74912L105 2824825 36100 36100 36100
RADISYS CORP COMMON 750459109 36114081 600650 600650 600650
RALSTON PURINA CO COMMON 751277302 2645500 96200 96200 96200
RAYTHEON CO COMMON 755111408 17609065 992060 992060 992060
REPSOL S A COMMON 76026T205 3451559 161950 161950 161950
REPUBLIC SVCS INC COMMON 760759100 4008594 366500 366500 366500
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 159397006 9331435 9331435 9331435
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
ROCKEFELLER CENTER PROP BND CV 773102AA6 1240313 1750000 1750000 1750000
ROSS STORES INC COMMON 778296103 2451969 101900 101900 101900
ROYAL DUTCH PETE CO COMMON 780257804 16123906 278900 278900 278900
SBC COMMUNICATIONS INC COMMON 78387G103 13193552 313200 313200 313200
S3 INC BND CV 784849AC5 3789688 3350000 3350000 3350000
SAFECO CORP COMMON 786429100 2639383 99365 99365 99365
SARA LEE CORP COMMON 803111103 14844600 824700 824700 824700
SCHNITZER STL INDS COMMON 806882106 9188845 508725 508725 508725
SEMITOOL INC COMMON 816909105 9421125 518000 518000 518000
SENSORMATIC ELECTRS CORP COMMON 817265101 2647625 118000 118000 118000
SHIRE PHARMACEUTICALS GR COMMON 82481R106 11256396 219637 219637 219637
SHURGARD STORAGE CTRS IN COMMON 82567D104 5161124 197555 197555 197555
SIMON PPTY GROUP INC NEW COMMON 828806109 1626047 69750 69750 69750
SIRIUS SATELLITE RADIO I COMMON 82966U103 7296000 128000 128000 128000
SONOSITE INC COMMON 83568G104 27102873 815124 815124 815124
SPRINT CORP COMMON 852061100 34107563 539250 539250 539250
STANCORP FINL GROUP INC COMMON 852891100 8198813 299500 299500 299500
STARBUCKS CORP COMMON 855244109 6061339 135260 135260 135260
STARWOOD HOTELS&RESORTS COMMON 85590A203 1702075 66100 66100 66100
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 178053234 10332966 10332966 10332966
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
STERLING FINL CORP WASH COMMON 859319105 1358900 135890 135890 135890
STORAGE USA INC COMMON 861907103 1903344 62150 62150 62150
SUIZA FOODS CORP COMMON 865077101 2254000 56000 56000 56000
SUNBURST HOSPITALITY COR COMMON 866948102 1194875 242000 242000 242000
SUNBEAM CORP BND CV 867071AA0 726000 4400000 4400000 4400000
SUNBEAM CORP BND CV 867071AD4 1256250 7500000 7500000 7500000
SUPERVALU INC COMMON 868536103 2297119 121300 121300 121300
SYKES ENTERPRISES INC COMMON 871237103 2020625 106000 106000 106000
SYNOPSYS INC COMMON 871607107 2096250 43000 43000 43000
SYSTEMS & COMPUTER TECHN COMMON 871873105 2127125 91000 91000 91000
TCF FINL CORP COMMON 872275102 2071688 87000 87000 87000
TARGET CORP COMMON 87612E106 22836125 305500 305500 305500
TAUBMAN CTRS INC COMMON 876664103 1296063 116500 116500 116500
TEKTRONIX INC COMMON 879131100 9482480 169330 169330 169330
TELEFLEX INC COMMON 879369106 2157875 61000 61000 61000
TOTAL ACCESS COMM BND CV 8904FAA71 1181900 1060000 1060000 1060000
TOSCO CORP COMMON 891490302 23913531 780850 780850 780850
TRICON GLOBAL RESTAURANT COMMON 895953107 19631500 632000 632000 632000
TRIQUINT SEMICONDUCTOR I COMMON 89674K103 612990 8340 8340 8340
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 100418639 15977860 15977860 15977860
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
TYCO INTL LTD NEW COMMON 902124106 73934375 1475000 1475000 1475000
US BANCORP DEL COMMON 902973106 14114275 645224 645224 645224
U S G CORP COMMON 903293405 2187041 52150 52150 52150
ULTRAMAR DIAMOND SHAMROC COMMON 904000106 1705200 67200 67200 67200
UNITED HEALTHCARE CORP COMMON 910581107 2796413 46900 46900 46900
UNITED STATES CELLULAR C COMMON 911684108 2343000 33000 33000 33000
UNOCAL CORP COMMON 915289102 14518000 488000 488000 488000
UNUMPROVIDENT CORP COMMON 91529Y106 177844 10500 10500 10500
VALERO ENERGY CORP NEW COMMON 91913Y100 3456947 112650 112650 112650
VETERINARY CTRS AMER INC BND CV 925514AB7 6101325 9315000 9315000 9315000
VIACOM INC COMMON 925524100 16517531 309100 309100 309100
WAL MART STORES INC COMMON 931142103 10215200 180800 180800 180800
WARNACO GROUP INC COMMON 934390105 2561541 216850 216850 216850
WASHINGTON FED INC COMMON 938824109 16122378 845764 845764 845764
WASTE MGMT INC DEL COMMON 94106L109 12582193 919247 919247 919247
WASTE MGMT INC DEL BND CV 94106LAA7 8944500 10050000 10050000 10050000
WELLS FARGO & CO NEW COMMON 949746101 67258025 1650503 1650503 1650503
WESTCOAST HOSPITALITY CO COMMON 95750P106 11132251 1696343 1696343 1696343
WEYERHAEUSER CO COMMON 962166104 6930345 121585 121585 121585
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 273598383 28235816 28235816 28235816
</TABLE>
<PAGE>
<TABLE>
FORM 13F 3/31/00
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)
- ------------------------------------------------------------------------------------------------------------------------------
WILLAMETTE INDS INC COMMON 969133107 5396010 134480 134480 134480
WINSTAR COMMUNICATIONS I PFD CV 975515867 2690000 2000 2000 2000
ZAPME CORP COMMON 98912E100 9201088 1206700 1206700 1206700
LORAL SPACE & COMMUNICAT PFD CV G56462149 1260800 39400 39400 39400
CHECK POINT SOFTWARE TEC COMMON M22465104 4139713 24200 24200 24200
GILAT SATELLITE NETWORKS COMMON M51474100 10142125 86500 86500 86500
SSANGYONG OIL BND CV Y8147HAA0 1618406 1415000 1415000 1415000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 34448141 2908280 2908280 2908280
--------- --------- --------- --------- --------- --------- --------- ---------
REPORT TOTALS 3272415369 192308928 192308928 192308928
========= ========= ========= ========= ========= ========= =========
</TABLE>
