United States
Securities and Exchange Commission
Washington , D. C. 20549
Form 13F
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: December 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 January 10, 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: 261
Form 13F Information Table Value Total: $2,739,536,995
<PAGE>
<TABLE>
FORM 13F 12/31/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
AT&T CORP COMMON 001957109 31701919 623900 623900 623900
AT&T CORP COMMON 001957208 54967344 967522 967522 967522
ATMI INC COMMON 00207R101 2691783 81415 81415 81415
AVT CORP COMMON 002420107 15604000 332000 332000 332000
ABBOTT LABS COMMON 002824100 11342209 312350 312350 312350
ACNIELSEN CORP COMMON 004833109 7990788 324499 324499 324499
ADAPTEC INC BND CV 00651FAC2 1090000 1000000 1000000 1000000
ADOBE SYS INC COMMON 00724F101 44296903 658690 658690 658690
AETNA INC COMMON 008117103 18945553 339450 339450 339450
AIRBORNE FGHT CORP COMMON 009266107 8058952 366316 366316 366316
ALASKA AIR GROUP INC COMMON 011659109 5546940 157920 157920 157920
ALBERTSONS INC COMMON 013104104 11835105 366980 366980 366980
ALLSTATE CORP COMMON 020002101 10416656 432900 432900 432900
ALLTEL CORP COMMON 020039103 2184273 26416 26416 26416
ALZA CORP DEL COMMON 022615108 3254750 94000 94000 94000
AMERICAN CAPITAL STRATEG COMMON 024937104 5610719 246625 246625 246625
AMERICAN HOME PRODS CORP COMMON 026609107 13074175 333100 333100 333100
AMERICAN INTL GROUP INC COMMON 026874107 34711477 321031 321031 321031
AMERICAN STD COS INC DEL COMMON 029712106 1768481 38550 38550 38550
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 285092027 7023664 7023664 7023664
</TABLE>
<PAGE>
<TABLE>
FORM 13F 12/31/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
APEX INC COMMON 037548104 19728776 611745 611745 611745
ARBOR SOFTWARE CORP BND CV 038918AC2 1206250 1250000 1250000 1250000
ARDEN RLTY GROUP INC COMMON 039793104 1223813 61000 61000 61000
ARIS CORP COMMON 04040A101 15727669 1338525 1338525 1338525
ASHLAND INC COMMON 044204105 1786859 54250 54250 54250
AT HOME CORP BND CV 045919AC1 5220000 7200000 7200000 7200000
AUTODESK INC COMMON 052769106 1358438 40250 40250 40250
AVON PRODS INC COMMON 054303102 20120100 609700 609700 609700
BP AMOCO P L C COMMON 055622104 7983107 134594 134594 134594
BMC SOFTWARE INC COMMON 055921100 43725813 547000 547000 547000
BANK OF AMERICA CORP COMMON 060505104 32887869 655300 655300 655300
BANK ONE CORP COMMON 06423A103 992000 31000 31000 31000
BANK UNITED 8% 'PIES' PFD CV 065412306 2079465 52980 52980 52980
BAXTER INTL INC COMMON 071813109 2308359 36750 36750 36750
BECTON DICKINSON & CO COMMON 075887109 2495759 92650 92650 92650
BERINGER WINE ESTATES HO COMMON 084102102 2910875 73000 73000 73000
BLOCKBUSTER INC COMMON 093679108 2701750 202000 202000 202000
BOEING CO COMMON 097023105 27844923 671974 671974 671974
BOISE CASCADE CORP COMMON 097383103 1462374 36108 36108 36108
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 193764198 13698826 13698826 13698826
</TABLE>
<PAGE>
<TABLE>
FORM 13F 12/31/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
BOWNE & CO INC COMMON 103043105 2625075 194450 194450 194450
BRISTOL MYERS SQUIBB CO COMMON 110122108 12324000 192000 192000 192000
BSQUARE CORP COMMON 11776U102 1488781 35500 35500 35500
BUILDING MATLS HLDG CORP COMMON 120113105 12909609 1259474 1259474 1259474
CII FINL INC BND CV 12551LAB7 1019250 1359000 1359000 1359000
CAMPBELL SOUP CO COMMON 134429109 6890244 178100 178100 178100
CARDINAL HEALTH INC COMMON 14149Y108 11422975 238600 238600 238600
CARRAMERICA RLTY CORP COMMON 144418100 1702519 79650 79650 79650
CARREKER ANTINORI INC COMMON 144433109 4780496 527503 527503 527503
CAVANAUGHS HOSPITALITY C COMMON 149564106 12271801 1487491 1487491 1487491
CENDANT CORP COMMON 151313103 206178 7762 7762 7762
CHASE MANHATTAN CORP NEW COMMON 16161A108 22647848 291525 291525 291525
CHIQUITA BRANDS INTL INC BND CV 170032AH9 1278750 1650000 1650000 1650000
CHIREX INC COMMON 170038103 3363750 230000 230000 230000
CISCO SYS INC COMMON 17275R102 27782869 259350 259350 259350
CITIGROUP INC COMMON 172967101 42604112 765057 765057 765057
CLEAR CHANNEL COMM BND CV 184502AE2 2045000 2000000 2000000 2000000
CLICK2LEARN COM INC COMMON 18681S106 7925862 712437 712437 712437
COGNIZANT TECHNOLOGY SOL COMMON 192446102 10286306 94100 94100 94100
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 185575424 11561999 11561999 11561999
</TABLE>
<PAGE>
<TABLE>
FORM 13F 12/31/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
COLUMBIA/HCA HEALTHCARE COMMON 197677107 1836428 62650 62650 62650
COLUMBIA SPORTSWEAR CO COMMON 198516106 4194629 195099 195099 195099
COMCAST CORP COMMON 200300200 17585638 347800 347800 347800
COMPAQ COMPUTER CORP COMMON 204493100 17658281 652500 652500 652500
COMPUTER ASSOC INTL INC COMMON 204912109 29083509 415850 415850 415850
CONSECO INC COMMON 208464107 14989546 841518 841518 841518
CORIXA CORP COMMON 21887F100 16735735 984455 984455 984455
COSTCO WHSL CORP NEW COMMON 22160K105 9264613 101530 101530 101530
CRANE CO COMMON 224399105 5669841 285275 285275 285275
CREDENCE SYS CORP COMMON 225302108 16347635 188990 188990 188990
CREDENCE SYS CORP BND CV 225302AC2 2120000 2000000 2000000 2000000
CUTTER & BUCK INC COMMON 232217109 10031581 663245 663245 663245
DAYTON HUDSON CORP COMMON 239753106 18304297 249250 249250 249250
METROMEDIA FIBER NETWORK PFD CV 24366Q209 3255000 70000 70000 70000
DENTSPLY INTL INC NEW COMMON 249030107 1902994 80550 80550 80550
DIEBOLD INC COMMON 253651103 3742375 159250 159250 159250
DISNEY WALT CO COMMON 254687106 17111250 585000 585000 585000
DONALDSON INC COMMON 257651109 11127655 462448 462448 462448
DUN & BRADSTREET CORP DE COMMON 26483B106 13167325 446350 446350 446350
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 214128330 8791760 8791760 8791760
</TABLE>
<PAGE>
<TABLE>
FORM 13F 12/31/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
DURA PHARMACEUTICALS INC BND CV 26632SAA7 2159500 2800000 2800000 2800000
E M C CORP MASS COMMON 268648102 38303050 350600 350600 350600
ELECTRO SCIENTIFIC INDS COMMON 285229100 12511470 171390 171390 171390
EMERSON ELEC CO COMMON 291011104 6686483 116540 116540 116540
EMISPHERE TECHNOLOGIES I COMMON 291345106 4359063 145000 145000 145000
ENGELHARD CORP COMMON 292845104 1347675 71400 71400 71400
ENRON CORP COMMON 293561106 17452688 393300 393300 393300
ESSEX PPTY TR INC COMMON 297178105 1876800 55200 55200 55200
EXPEDITORS INTL WASH INC COMMON 302130109 32703797 746449 746449 746449
EXXON MOBIL CORP COMMON 30231G102 29498930 366162 366162 366162
FEI CO COMMON 30241L109 23666175 1526850 1526850 1526850
FLIR SYS INC COMMON 302445101 8714225 536260 536260 536260
FEDERAL HOME LN MTG CORP COMMON 313400301 22439400 476800 476800 476800
FEDERAL MOGUL CORP COMMON 313549107 17086125 849000 849000 849000
FEDERAL NATL MTG ASSN COMMON 313586109 3243628 51950 51950 51950
FINOVA GROUP INC COMMON 317928109 3150625 88750 88750 88750
FIRST CONSULTING GROUP I COMMON 31986R103 6140666 396172 396172 396172
FIRST DATA CORP COMMON 319963104 20743303 420650 420650 420650
FIRST ST BANCORPORATION COMMON 336453105 1231333 89551 89551 89551
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 253314934 9652024 9652024 9652024
</TABLE>
<PAGE>
<TABLE>
FORM 13F 12/31/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
FIRST UN CORP COMMON 337358105 17094563 519000 519000 519000
FIRST WASH BANCORP INC W COMMON 33748T104 2741730 185880 185880 185880
FORT JAMES CORP COMMON 347471104 2886694 105450 105450 105450
FOUNDATION HEALTH SYS IN COMMON 350404109 11656389 1172970 1172970 1172970
FRANCHISE FIN CORP AMER COMMON 351807102 2290819 95700 95700 95700
FRANKLIN RES INC COMMON 354613101 2048794 63900 63900 63900
GST TELECOMMUNICATIONS I COMMON 361942105 1064844 117500 117500 117500
GENERAL COMMUNICATION IN COMMON 369385109 963003 220115 220115 220115
GENERAL DYNAMICS CORP COMMON 369550108 2220775 42100 42100 42100
GENERAL ELEC CO COMMON 369604103 28566850 184600 184600 184600
GENERAL SEMICONDUCTOR IN COMMON 370787103 8745530 616425 616425 616425
GILLETTE CO COMMON 375766102 4036375 98000 98000 98000
GLOBAL CROSSING 144A PFD CV 37932J301 1829750 6500 6500 6500
GRAINGER W W INC COMMON 384802104 1329188 27800 27800 27800
GREENBRIER COS INC COMMON 393657101 4388141 508770 508770 508770
HIH CAP LTD BND CV 404193AA2 224000 350000 350000 350000
HNC SOFTWARE INC COMMON 40425P107 5625900 53200 53200 53200
HALLIBURTON CO COMMON 406216101 32272450 801800 801800 801800
HANOVER COMPRESSOR CO COMMON 410768105 3151936 83495 83495 83495
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 133137730 5253205 5253205 5253205
</TABLE>
<PAGE>
<TABLE>
FORM 13F 12/31/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
HARBINGER CORP COMMON 41145C103 7761009 243961 243961 243961
HARCOURT GEN INC COMMON 41163G101 2576000 64000 64000 64000
HEALTH CARE PPTY INVS IN COMMON 421915109 4159025 174200 174200 174200
HEALTHSOUTH CORP COMMON 421924101 1172019 218050 218050 218050
HEALTHSOUTH CORP BND CV 421924AF8 184800 240000 240000 240000
HELLER FINANCIAL INC COMMON 423328103 1794310 89436 89436 89436
HEWLETT PACKARD CO COMMON 428236103 37008563 325350 325350 325350
HOLLYWOOD ENTMT CORP COMMON 436141105 4606650 317700 317700 317700
HONEYWELL INTL INC COMMON 438516106 7966644 138100 138100 138100
HORIZON BANK COMMON 44041F105 266864 28090 28090 28090
HOSPITALITY PPTYS TR COMMON 44106M102 1606016 84250 84250 84250
HUNTINGDON LIFE SCIENCES COMMON 445891203 339844 362500 362500 362500
ICOS CORP COMMON 449295104 13761833 470490 470490 470490
IMS HEALTH INC COMMON 449934108 7068750 260000 260000 260000
IMMUNEX CORP NEW COMMON 452528102 13571430 123940 123940 123940
IN FOCUS SYS INC COMMON 452919103 16775623 723477 723477 723477
INCYTE PHARMACEUTICALS I COMMON 45337C102 9810000 163500 163500 163500
INTEGRATED DEVICE TECHNO BND CV 458118AA4 1841060 1898000 1898000 1898000
INTEL CORP COMMON 458140100 37421320 454625 454625 454625
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 169691758 6379669 6379669 6379669
</TABLE>
<PAGE>
<TABLE>
FORM 13F 12/31/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS M COMMON 459200101 26941781 249750 249750 249750
INTERWEST BANCORP INC COMMON 460931108 2197869 114175 114175 114175
INTIMATE BRANDS INC COMMON 461156101 18291253 424145 424145 424145
IVAX CORP BND CV 465823AA0 950000 1000000 1000000 1000000
J JILL GROUP INC COMMON 466189107 3068588 743900 743900 743900
JOHNSON & JOHNSON COMMON 478160104 23146981 248225 248225 248225
K2 INC COMMON 482732104 9591800 1257941 1257941 1257941
KIMBERLY CLARK CORP COMMON 494368103 18368306 280700 280700 280700
KROGER CO COMMON 501044101 51984411 2754141 2754141 2754141
LATITUDE COMMUNICATIONS COMMON 518292107 3918750 150000 150000 150000
LATTICE SEMICONDUCTOR CO COMMON 518415104 17871685 379240 379240 379240
LEVEL 3 COMMUNICATIONS BND CV 52729NAG5 1860725 1415000 1415000 1415000
LIBBEY INC COMMON 529898108 7207625 250700 250700 250700
LIBERTY FINL COS INC COMMON 530512102 6604853 287950 287950 287950
LIMITED INC COMMON 532716107 16029047 370079 370079 370079
LIZ CLAIBORNE INC COMMON 539320101 2372256 63050 63050 63050
LOUISIANA PAC CORP COMMON 546347105 11003906 782500 782500 782500
MCI WORLDCOM INC COMMON 55268B106 24355688 459000 459000 459000
MGIC INVT CORP WIS COMMON 552848103 5546278 92150 92150 92150
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 251311803 11322646 11322646 11322646
</TABLE>
<PAGE>
<TABLE>
FORM 13F 12/31/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
MMC NETWORKS INC COMMON 55308N102 1890625 55000 55000 55000
MADE2MANAGE SYS INC COMMON 556466100 3547984 443498 443498 443498
MARSH & MCLENNAN COS INC COMMON 571748102 12214509 127650 127650 127650
MATTEL INC COMMON 577081102 17747953 1352225 1352225 1352225
MAY DEPT STORES CO COMMON 577778103 7514637 233012 233012 233012
MCLEODUSA INC PFD CV 582266201 2747525 5335 5335 5335
MEDICAL CARE INTL INC BND CV 584505AC5 1129455 1321000 1321000 1321000
MELLON FINL CORP COMMON 58551A108 24502110 719328 719328 719328
MENTOR GRAPHICS CORP COMMON 587200106 14622300 1108800 1108800 1108800
MERCK & CO INC COMMON 589331107 15587500 232000 232000 232000
MERRILL LYNCH & CO INC COMMON 590188108 9897525 118800 118800 118800
METRO ONE TELECOMMUNICAT COMMON 59163F105 7171385 551645 551645 551645
MICROSOFT CORP COMMON 594918104 65311701 559415 559415 559415
MICROVISION INC WASH COMMON 594960106 15710791 519365 519365 519365
MICRON TECHNOLOGY INC COMMON 595112103 6825284 87785 87785 87785
MILLER INDS INC TENN COMMON 600551105 2701781 939750 939750 939750
MONACO COACH CORP COMMON 60886R103 14704240 575227 575227 575227
MYLAN LABS INC COMMON 628530107 41293647 1639450 1639450 1639450
NATIONWIDE HEALTH PPTYS COMMON 638620104 3031875 220500 220500 220500
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 268152828 10809785 10809785 10809785
</TABLE>
<PAGE>
<TABLE>
FORM 13F 12/31/99
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 4853469 1194700 1194700 1194700
NETWORKS ASSOCS INC BND CV 640938AB2 4842500 13000000 13000000 13000000
NEWS CORP LTD COMMON 652487802 12325063 368600 368600 368600
NIKE INC COMMON 654106103 2522483 50895 50895 50895
NORDSTROM INC COMMON 655664100 3161842 120165 120165 120165
NORTEK INC COMMON 656559101 2324028 83001 83001 83001
NVIDIA CORP COMMON 67066G104 4459063 95000 95000 95000
ONYX SOFTWARE CORP COMMON 683402101 6826500 184500 184500 184500
ORACLE CORP COMMON 68389X105 48052400 428800 428800 428800
OREGON STL MLS INC COMMON 686079104 2046684 257850 257850 257850
PACCAR INC COMMON 693718108 7051227 159125 159125 159125
PACIFIC GULF PPTYS INC COMMON 694396102 5400068 266670 266670 266670
PACIFICARE HEALTH SYS DE COMMON 695112102 37393143 705531 705531 705531
PEPSICO INC COMMON 713448108 23744400 673600 673600 673600
PHARMACYCLICS INC COMMON 716933106 3947625 95700 95700 95700
PFIZER INC COMMON 717081103 5400844 166500 166500 166500
PHILIP MORRIS COS INC COMMON 718154107 1539850 66950 66950 66950
PRECISION CASTPARTS CORP COMMON 740189105 5137781 195725 195725 195725
PRICE T ROWE & ASSOCIATE COMMON 741477103 8395894 227300 227300 227300
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 189424862 18340612 18340612 18340612
</TABLE>
<PAGE>
<TABLE>
FORM 13F 12/31/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
PRIME BANCSHARES INC TEX COMMON 74157H108 6847200 285300 285300 285300
PRIMUS KNOWLEDGE SOLUTIO COMMON 74163Q100 5025156 110900 110900 110900
PROCTER & GAMBLE CO COMMON 742718109 10468697 95550 95550 95550
PROFIT RECOVERY GROUP IN COMMON 743168106 834036 31399 31399 31399
PROVIDIAN FINL CORP COMMON 74406A102 13072022 143550 143550 143550
PSINET INC PFD CV 74437C309 2656063 45500 45500 45500
QUALCOMM FINL TR I PFD CV 74752R402 3931500 4000 4000 4000
QWEST COMM TRENDS PFD CV 74912L105 2540538 36100 36100 36100
RADISYS CORP COMMON 750459109 25405650 498150 498150 498150
RALSTON PURINA CO COMMON 751277302 11768825 422200 422200 422200
RAYTHEON CO COMMON 755111408 26325031 991060 991060 991060
REPSOL S A COMMON 76026T205 3742088 160950 160950 160950
REPUBLIC SVCS INC COMMON 760759100 791588 55550 55550 55550
ROCKEFELLER CTR PPTYS IN BND CV 773102AA6 1500313 2075000 2075000 2075000
ROSS STORES INC COMMON 778296103 1818863 101400 101400 101400
ROYAL DUTCH PETE CO COMMON 780257804 16170188 267000 267000 267000
SBC COMMUNICATIONS INC COMMON 78387G103 17618252 361400 361400 361400
S3 INC BND CV 784849AC5 2182563 2350000 2350000 2350000
SAFECO CORP COMMON 786429100 2446829 98365 98365 98365
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 155145399 8133374 8133374 8133374
</TABLE>
<PAGE>
<TABLE>
FORM 13F 12/31/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
SARA LEE CORP COMMON 803111103 18194944 824700 824700 824700
SCHNITZER STL INDS COMMON 806882106 9226875 485625 485625 485625
SHIRE PHARMACEUTICALS GR COMMON 82481R106 5639678 193637 193637 193637
SHURGARD STORAGE CTRS IN COMMON 82567D104 4519360 194905 194905 194905
SIMON PPTY GROUP INC NEW COMMON 828806109 1586128 69150 69150 69150
SONOCO PRODS CO COMMON 835495102 1690325 74300 74300 74300
SONOSITE INC COMMON 83568G104 25129984 794624 794624 794624
SPRINT CORP COMMON 852061100 36607903 543850 543850 543850
STANCORP FINL GROUP INC COMMON 852891100 4692431 186300 186300 186300
STARBUCKS CORP COMMON 855244109 4448905 183460 183460 183460
STARWOOD HOTELS&RESORTS COMMON 85590A203 1527500 65000 65000 65000
STERLING COMM INC COMMON 859205106 4080000 120000 120000 120000
STERLING FINL CORP WASH COMMON 859319105 1532835 133290 133290 133290
STORAGE USA INC COMMON 861907103 1861888 61550 61550 61550
SUNBURST HOSPITALITY COR COMMON 866948102 2080519 369870 369870 369870
SUNBEAM CORP BND CV 867071AD4 753375 4900000 4900000 4900000
SUPERVALU INC COMMON 868536103 2426000 121300 121300 121300
TAUBMAN CTRS INC COMMON 876664103 1212063 112750 112750 112750
TEKTRONIX INC COMMON 879131100 11051385 284280 284280 284280
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 138262096 9718591 9718591 9718591
</TABLE>
<PAGE>
<TABLE>
FORM 13F 12/31/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
TELIGENT INC COMMON 87959Y103 1933331 31309 31309 31309
TOTAL ACCESS COMM BND CV 8904FAA71 895700 1060000 1060000 1060000
TOSCO CORP COMMON 891490302 20359359 748850 748850 748850
TRICON GLOBAL RESTAURANT COMMON 895953107 13982250 362000 362000 362000
TRIQUINT SEMICONDUCTOR I COMMON 89674K103 2310663 20770 20770 20770
TYCO INTL LTD NEW COMMON 902124106 57525000 1475000 1475000 1475000
US BANCORP DEL COMMON 902973106 19381565 813924 813924 813924
U S G CORP COMMON 903293405 7478738 158700 158700 158700
ULTRAMAR DIAMOND SHAMROC COMMON 904000106 1524600 67200 67200 67200
UNION PAC CORP COMMON 907818108 9100106 208300 208300 208300
UNITED HEALTHCARE CORP COMMON 910581107 2491563 46900 46900 46900
U S INDS INC NEW COMMON 912080108 9606730 686195 686195 686195
UNOCAL CORP COMMON 915289102 12921563 385000 385000 385000
UNUMPROVIDENT CORP COMMON 91529Y106 575522 17950 17950 17950
VALERO ENERGY CORP NEW COMMON 91913Y100 2219044 111650 111650 111650
VETERINARY CTRS AMER INC BND CV 925514AB7 4454000 6800000 6800000 6800000
VIACOM INC COMMON 925524100 18687275 309200 309200 309200
VISIO CORP COMMON 927914101 11015013 231895 231895 231895
WAL MART STORES INC COMMON 931142103 12497800 180800 180800 180800
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 208959820 13715643 13715643 13715643
</TABLE>
<PAGE>
<TABLE>
FORM 13F 12/31/99
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)
- ------------------------------------------------------------------------------------------------------------------------------
WARNACO GROUP INC COMMON 934390105 2554228 207450 207450 207450
WASHINGTON FED INC COMMON 938824109 4298866 217664 217664 217664
WASTE MGMT INC DEL COMMON 94106L109 15039870 875047 875047 875047
WASTE MGMT INC DEL BND CV 94106LAA7 5527500 6600000 6600000 6600000
WELLS FARGO & CO NEW COMMON 949746101 26603184 657884 657884 657884
WEYERHAEUSER CO COMMON 962166104 6124529 85285 85285 85285
WILLAMETTE INDS INC COMMON 969133107 6147396 132380 132380 132380
WINSTAR COMMUNICATIONS I PFD CV 975515867 1857500 2000 2000 2000
ZAPME CORP COMMON 98912E100 3162788 366700 366700 366700
LORAL SPACE & COMMUNICAT PFD CV G56462149 2536375 39400 39400 39400
CHECK POINT SOFTWARE TEC COMMON M22465104 7969875 40100 40100 40100
GILAT SATELLITE NETWORKS COMMON M51474100 9084375 76500 76500 76500
MBI FIN LTD (METROBANK) BND CV VV3080460 1438250 2500000 2500000 2500000
SSANGYONG OIL BND CV Y8147HAA0 1231050 1415000 1415000 1415000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 93575787 13215410 13215410 13215410
--------- --------- --------- --------- --------- --------- --------- ---------
REPORT TOTALS 2739536995 147617210 147617210
147617210
========= ========= ========= ========= ========= ========= =========
</TABLE>
