WM ADVISORS INC/WA
13F-HR, 2001-01-08
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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, 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    January 8, 2001


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:     246

Form 13F Information Table Value Total:     $3,494,235,160

<PAGE>
<TABLE>

FORM 13F                                                      12/31/00
                                                          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)
------------------------------------------------------------------------------------------------------------------------------


 AMB PROPERTY CORP         COMMON  00163T109    3871875     150000      150000                            150000

 AT&T CORP                 COMMON  001957109   25443750    1475000     1475000                           1475000

 AT&T CORP                 COMMON  001957208   19692750    1452000     1452000                           1452000

 ABBOTT LABS               COMMON  002824100    2760938      57000       57000                             57000

 ACNIELSEN CORP            COMMON  004833109    4857500     134000      134000                            134000

 ACXIOM CORP               COMMON  005125109    5256563     135000      135000                            135000

 ADAPTEC INC               BND CV  00651FAC2    3752500    4750000     4750000                           4750000

 ADVANCED DIGITAL INFORMA  COMMON  007525108   25334500    1101500     1101500                           1101500

 AETNA INC NEW             COMMON  00817Y108    2422688      59000       59000                             59000

 AIRBORNE INC              COMMON  009269101    3884693     398430      398430                            398430

 ALASKA AIR GROUP INC      COMMON  011659109    6323958     212570      212570                            212570

 ALBERTSONS INC            COMMON  013104104    9205835     347390      347390                            347390

 ALCOA INC                 COMMON  013817101    3852500     115000      115000                            115000

 ALLSTATE CORP             COMMON  020002101   44085250    1012000     1012000                           1012000

 ALLTEL CORP               COMMON  020039103    3746250      60000       60000                             60000

 ALZA CORP DEL             COMMON  022615108    5695000     134000      134000                            134000

 AMBAC FINL GROUP INC      COMMON  023139108    5335594      91500       91500                             91500

 AMERICAN CAPITAL STRATEG  COMMON  024937104   11748080     466425      466425                            466425

 AMERICAN HOME PRODS CORP  COMMON  026609107   21289250     335000      335000                            335000
                                              ---------  ---------  --------- --------- ---------     --------- --------- ---------

       COLUMN TOTALS                          208559471   12485815   12485815                          12485815
</TABLE>







<PAGE>
<TABLE>

                                                               FORM 13F                                               12/31/00
                                                          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   37453750     380000      380000                            380000

 AMERISOURCE HEALTH CORP   COMMON  03071P102    8029500     159000      159000                            159000

 ARDEN RLTY INC            COMMON  039793104    1683375      67000       67000                             67000

 ARIS CORP                 COMMON  04040A101    2450288    1375600     1375600                           1375600

 ARROW ELECTRS INC         COMMON  042735100    4064750     142000      142000                            142000

 ASHLAND INC               COMMON  044204105    2584080      72000       72000                             72000

 AUTODESK INC              COMMON  052769106     929344      34500       34500                             34500

 AVOCENT CORP              COMMON  053893103    9097138     336931      336931                            336931

 AVON PRODS INC            COMMON  054303102   47683500     996000      996000                            996000

 BMC SOFTWARE INC          COMMON  055921100   32550000    2325000     2325000                           2325000

 BAKER HUGHES INC          COMMON  057224107    4904375     118000      118000                            118000

 BANK OF AMERICA CORP      COMMON  060505104   78946288    1720900     1720900                           1720900

 BANK ONE CORP             COMMON  06423A103    5127500     140000      140000                            140000

 BANK UTD CORP             COMMON  065412108    4500375      66000       66000                             66000

 BANNER CORP               COMMON  06652V109    8192788     537232      537232                            537232

 BECTON DICKINSON & CO     COMMON  075887109    4709000     136000      136000                            136000

 BEMIS INC                 COMMON  081437105    3356250     100000      100000                            100000

 BOEING CO                 COMMON  097023105   78309264    1186504     1186504                           1186504

 BOISE CASCADE CORP        COMMON  097383103    4600169     136808      136808                            136808
                                              ---------  ---------  --------- --------- ---------     --------- --------- ---------

       COLUMN TOTALS                          339171733   10029475   10029475                          10029475
</TABLE>







<PAGE>
<TABLE>

                                                               FORM 13F                                               12/31/00
                                                          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)
------------------------------------------------------------------------------------------------------------------------------


 BOWNE & CO INC            COMMON  103043105   13307166    1259850     1259850                           1259850

 BRISTOL MYERS SQUIBB CO   COMMON  110122108   26099938     353000      353000                            353000

 BSQUARE CORP              COMMON  11776U102    6277200    1046200     1046200                           1046200

 BUILDING MATLS HLDG CORP  COMMON  120113105   16326622    1920779     1920779                           1920779

 CARDINAL HEALTH INC       COMMON  14149Y108   47321875     475000      475000                            475000

 CARNIVAL CORP             COMMON  143658102   57619375    1870000     1870000                           1870000

 CARRAMERICA RLTY CORP     COMMON  144418100    2592675      82800       82800                             82800

 CARREKER CORP             COMMON  144433109   15967729     459503      459503                            459503

 CHARTER ONE FINL INC      COMMON  160903100    6294750     218000      218000                            218000

 CHASE MANHATTAN CORP NEW  COMMON  16161A108   40325781     887500      887500                            887500

 CISCO SYS INC             COMMON  17275R102   13081500     342000      342000                            342000

 CITIGROUP INC             COMMON  172967101   52086967    1020063     1020063                           1020063

 CLICK2LEARN COM INC       COMMON  18681S106   14366352    1473472     1473472                           1473472

 CLOROX CO DEL             COMMON  189054109    5254000     148000      148000                            148000

 COGNIZANT TECHNOLOGY SOL  COMMON  192446102    9194325     253200      253200                            253200

 COLUMBIA SPORTSWEAR CO    COMMON  198516106    3290913      66149       66149                             66149

 COMCAST CORP              COMMON  200300200   36948750     885000      885000                            885000

 COMERICA INC              COMMON  200340107    5403125      91000       91000                             91000

 COMMSCOPE INC             COMMON  203372107    3064063     185000      185000                            185000
                                              ---------  ---------  --------- --------- ---------     --------- --------- ---------

       COLUMN TOTALS                          374823104   13036516   13036516                          13036516
</TABLE>







<PAGE>
<TABLE>

                                                               FORM 13F                                               12/31/00
                                                          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)
------------------------------------------------------------------------------------------------------------------------------


 COMPAQ COMPUTER CORP      COMMON  204493100   22650250    1505000     1505000                           1505000

 COMPUTER ASSOC INTL INC   COMMON  204912109   37635000    1930000     1930000                           1930000

 CONAGRA FOODS INC         COMMON  205887102    4940000     190000      190000                            190000

 CORIXA CORP               COMMON  21887F100   26903696     965155      965155                            965155

 COSTCO WHSL CORP NEW      COMMON  22160K105   29775803     745560      745560                            745560

 COVANCE INC               COMMON  222816100    5665250     527000      527000                            527000

 CRANE CO                  COMMON  224399105    3305859     116250      116250                            116250

 CREDENCE SYS CORP         COMMON  225302108   27359420    1189540     1189540                           1189540

 CUTTER & BUCK INC         COMMON  232217109   10897993    1429245     1429245                           1429245

 DENDREON CORP             COMMON  24823Q107    9942000     662800      662800                            662800

 DIEBOLD INC               COMMON  253651103    7175625     215000      215000                            215000

 DIGIMARC CORP             COMMON  253807101   17952000    1088000     1088000                           1088000

 DIME BANCORP INC NEW      COMMON  25429Q102    3044938     103000      103000                            103000

 DISNEY WALT CO            COMMON  254687106   23728750     820000      820000                            820000

 DOW CHEM CO               COMMON  260543103    7141875     195000      195000                            195000

 DU PONT E I DE NEMOURS &  COMMON  263534109    5555938     115000      115000                            115000

 DUKE ENERGY CORP          COMMON  264399106    5882250      69000       69000                             69000

 DUKE WEEKS REALTY CORP    COMMON  264411505    3866125     157000      157000                            157000

 DUSA PHARMACEUTICALS INC  COMMON  266898105    3715563     221000      221000                            221000
                                              ---------  ---------  --------- --------- ---------     --------- --------- ---------

       COLUMN TOTALS                          257138333   12243550   12243550                          12243550
</TABLE>







<PAGE>
<TABLE>

                                                               FORM 13F                                               12/31/00
                                                          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)
------------------------------------------------------------------------------------------------------------------------------


 EDEN BIOSCIENCE CORP      COMMON  279445100    1077750      36000       36000                             36000

 EDISON SCHOOLS INC        COMMON  281033100    8977500     285000      285000                            285000

 EDWARDS AG INC            COMMON  281760108    3225750      68000       68000                             68000

 ELECTRO SCIENTIFIC INDS   COMMON  285229100   18507440     660980      660980                            660980

 ELECTRONICS FOR IMAGING   COMMON  286082102    3916438     281000      281000                            281000

 EMISPHERE TECHNOLOGIES I  COMMON  291345106    2437500      97500       97500                             97500

 ENRON CORP                COMMON  293561106   19002375     228600      228600                            228600

 EQUITY OFFICE PROPERTIES  COMMON  294741103    3686625     113000      113000                            113000

 EQUITY RESIDENTIAL PPTYS  COMMON  29476L107    4037813      73000       73000                             73000

 EXPEDITORS INTL WASH INC  COMMON  302130109   20346435     378979      378979                            378979

 EXPRESS SCRIPTS INC       COMMON  302182100    6850750      67000       67000                             67000

 EXXON MOBIL CORP          COMMON  30231G102   31521451     362576      362576                            362576

 FEI CO                    COMMON  30241L109   38359571    1686135     1686135                           1686135

 FPL GROUP INC             COMMON  302571104    6457500      90000       90000                             90000

 FEDERAL HOME LN MTG CORP  COMMON  313400301   51311875     745000      745000                            745000

 FEDERAL NATL MTG ASSN     COMMON  313586109    7807500      90000       90000                             90000

 FEDERAL SIGNAL CORP       COMMON  313855108    5200625     265000      265000                            265000

 FIRST CONSULTING GROUP I  COMMON  31986R103    6636567    1397172     1397172                           1397172

 FIRST DATA CORP           COMMON  319963104   22655625     430000      430000                            430000
                                              ---------  ---------  --------- --------- ---------     --------- --------- ---------

       COLUMN TOTALS                          262017089    7354942    7354942                           7354942
</TABLE>







<PAGE>
<TABLE>

                                                               FORM 13F                                               12/31/00
                                                          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)
------------------------------------------------------------------------------------------------------------------------------


 FIRST ST BANCORPORATION   COMMON  336453105    1252322      89551       89551                             89551

 FIRST UN CORP             COMMON  337358105   47420313    1705000     1705000                           1705000

 FIRSTAR CORP NEW WIS      COMMON  33763V109    4650000     200000      200000                            200000

 FRANCHISE FIN CORP AMER   COMMON  351807102    1934938      83000       83000                             83000

 FRANKLIN RES INC          COMMON  354613101    2628900      69000       69000                             69000

 GENERAL DYNAMICS CORP     COMMON  369550108    4368000      56000       56000                             56000

 GENERAL ELEC CO           COMMON  369604103   24400188     509000      509000                            509000

 GENUINE PARTS CO          COMMON  372460105    6808750     260000      260000                            260000

 GETTY IMAGES INC          COMMON  374276103   19299200     603100      603100                            603100

 GLOBAL CROSSING LTD       PFD CV  37932J301     759281       6230        6230                              6230

 GRANDETEL TECHNOLOGIES    COMMON  386560205          0      16498       16498                             16498

 GREENBRIER COS INC        COMMON  393657101    9014528    1092670     1092670                           1092670

 HALLIBURTON CO            COMMON  406216101   28818750     795000      795000                            795000

 HANOVER COMPRESSOR CO     COMMON  410768105   11550154     259190      259190                            259190

 HEALTH CARE PPTY INVS IN  COMMON  421915109    3734375     125000      125000                            125000

 HEALTH NET INC            COMMON  42222G108   26840616    1024940     1024940                           1024940

 HELLER FINANCIAL INC      COMMON  423328103    9323967     303836      303836                            303836

 HERSHEY FOODS CORP        COMMON  427866108    8175625     127000      127000                            127000

 HEWLETT PACKARD CO        COMMON  428236103   27333125     866000      866000                            866000
                                              ---------  ---------  --------- --------- ---------     --------- --------- ---------

       COLUMN TOTALS                          238313031    8191015    8191015                           8191015
</TABLE>







<PAGE>
<TABLE>

                                                               FORM 13F                                               12/31/00
                                                          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)
------------------------------------------------------------------------------------------------------------------------------


 HOLLYWOOD ENTMT CORP      COMMON  436141105    4799738    4517400     4517400                           4517400

 HONEYWELL INTL INC        COMMON  438516106   41398438     875000      875000                            875000

 HOSPITALITY PPTYS TR      COMMON  44106M102    3574750     158000      158000                            158000

 HOUGHTON MIFFLIN CO       COMMON  441560109    4359250      94000       94000                             94000

 ICN PHARMACEUTICALS INC   COMMON  448924100    4603125     150000      150000                            150000

 ICOS CORP                 COMMON  449295104   15512952     298685      298685                            298685

 IMS HEALTH INC            COMMON  449934108    4860000     180000      180000                            180000

 IMMUNEX CORP NEW          COMMON  452528102    4597531     113170      113170                            113170

 INCYTE GENOMICS INC       COMMON  45337C102    8059500     324000      324000                            324000

 INFOCUS CORP              COMMON  45665B106    7443366     504635      504635                            504635

 INTEL CORP                COMMON  458140100   24459752     813630      813630                            813630

 INTERNATIONAL BUSINESS M  COMMON  459200101   35275000     415000      415000                            415000

 INTRAWEST CORPORATION     COMMON  460915200    9972738     500200      500200                            500200

 INTIMATE BRANDS INC       COMMON  461156101   32700000    2180000     2180000                           2180000

 INTRAWARE INC             COMMON  46118M103    2975981    2026200     2026200                           2026200

 J JILL GROUP INC          COMMON  466189107    6981200     450400      450400                            450400

 JOHNSON & JOHNSON         COMMON  478160104   26780431     254900      254900                            254900

 JONES APPAREL GROUP INC   COMMON  480074103    2735938      85000       85000                             85000

 K2 INC                    COMMON  482732104   16481968    2060246     2060246                           2060246
                                              ---------  ---------  --------- --------- ---------     --------- --------- ---------

       COLUMN TOTALS                          257571657   16000466   16000466                          16000466
</TABLE>







<PAGE>
<TABLE>

                                                               FORM 13F                                               12/31/00
                                                          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)
------------------------------------------------------------------------------------------------------------------------------


 KEYCORP NEW               COMMON  493267108   12639200     451400      451400                            451400

 KIMBERLY CLARK CORP       COMMON  494368103   27498410     389000      389000                            389000

 KROGER CO                 COMMON  501044101   99548459    3678465     3678465                           3678465

 LSI LOGIC CORP            BND CV  502161AE2    3606408    5200000     5200000                           5200000

 LATITUDE COMMUNICATIONS   COMMON  518292107    5485760    1415680     1415680                           1415680

 LATTICE SEMICONDUCTOR CO  COMMON  518415104   14579828     793460      793460                            793460

 LIONBRIDGE TECHNOLOGIES   COMMON  536252109    2521016     701500      701500                            701500

 LITTON INDS INC           COMMON  538021106    6767125      86000       86000                             86000

 LOCKHEED MARTIN CORP      COMMON  539830109    5058550     149000      149000                            149000

 LOUISIANA PAC CORP        COMMON  546347105   27078300    2674400     2674400                           2674400

 LUCENT TECHNOLOGIES INC   COMMON  549463107    8640000     640000      640000                            640000

 MADE2MANAGE SYS INC       COMMON  556466100     925152     477498      477498                            477498

 MATTEL INC                COMMON  577081102   51666320    3578000     3578000                           3578000

 MAY DEPT STORES CO        COMMON  577778103    8351250     255000      255000                            255000

 MELLON FINL CORP          COMMON  58551A108    2803688      57000       57000                             57000

 MENTOR GRAPHICS CORP      COMMON  587200106    9077011     330825      330825                            330825

 MERCK & CO INC            COMMON  589331107   20354075     217400      217400                            217400

 METRO ONE TELECOMMUNICAT  COMMON  59163F105   13965375     558615      558615                            558615

 MICROSOFT CORP            COMMON  594918104   38447795     886404      886404                            886404
                                              ---------  ---------  --------- --------- ---------     --------- --------- ---------

       COLUMN TOTALS                          359013721   22539647   22539647                          22539647
</TABLE>







<PAGE>
<TABLE>

                                                               FORM 13F                                               12/31/00
                                                          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)
------------------------------------------------------------------------------------------------------------------------------


 MICROVISION INC WASH      COMMON  594960106    9846725     562670      562670                            562670

 MICROCHIP TECHNOLOGY INC  COMMON  595017104    3137063     143000      143000                            143000

 MICRON TECHNOLOGY INC     COMMON  595112103    7795090     219580      219580                            219580

 MONACO COACH CORP         COMMON  60886R103   21083712    1192012     1192012                           1192012

 MOTOROLA INC              COMMON  620076109   25818750    1275000     1275000                           1275000

 MYLAN LABS INC            COMMON  628530107   49795688    1977000     1977000                           1977000

 NETWORKS ASSOCS INC       BND CV  640938AB2    3899610   11000000    11000000                          11000000

 NETIQ CORP                COMMON  64115P102   13109002     150031      150031                            150031

 NEWS CORP LTD             COMMON  652487703     967500      30000       30000                             30000

 NEWS CORP LTD             COMMON  652487802   15693750     540000      540000                            540000

 NIKE INC                  COMMON  654106103   18604260     333335      333335                            333335

 NISOURCE INC              COMMON  65473P105    6918750     225000      225000                            225000

 NVIDIA CORP               COMMON  67066G104    3145500      96000       96000                             96000

 OCEAN ENERGY INC TEX      COMMON  67481E106    4256875     245000      245000                            245000

 ONYX SOFTWARE CORP        COMMON  683402101   19742800    1794800     1794800                           1794800

 ORACLE CORP               COMMON  68389X105   13950000     480000      480000                            480000

 ORASURE TECHNOLOGIES INC  COMMON  68554V108   15368100    1862800     1862800                           1862800

 OREGON STL MLS INC        COMMON  686079104    2635829    2480780     2480780                           2480780

 PMI GROUP INC             COMMON  69344M101    5550375      82000       82000                             82000
                                              ---------  ---------  --------- --------- ---------     --------- --------- ---------

       COLUMN TOTALS                          241319378   24689008   24689008                          24689008
</TABLE>







<PAGE>
<TABLE>

                                                               FORM 13F                                               12/31/00
                                                          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)
------------------------------------------------------------------------------------------------------------------------------


 PNC FINL SVCS GROUP INC   COMMON  693475105   28275188     387000      387000                            387000

 PPG INDS INC              COMMON  693506107    4492313      97000       97000                             97000

 PACCAR INC                COMMON  693718108   19980479     405695      405695                            405695

 PACIFIC NORTHWEST BANCOR  COMMON  69466M103    7874852     570125      570125                            570125

 PAIN THERATEUTICS INC     COMMON  69562K100    4623150     310800      310800                            310800

 PAPA JOHNS INTL INC       COMMON  698813102    2158250      97000       97000                             97000

 PENNEY J C INC            COMMON  708160106    6601125     607000      607000                            607000

 PEOPLEPC INC              COMMON  709776108    2328750    3105000     3105000                           3105000

 PEOPLESOFT INC            COMMON  712713106    6545000     176000      176000                            176000

 PEPSICO INC               COMMON  713448108   21311875     430000      430000                            430000

 PEREGRINE SYSTEMS INC     COMMON  71366Q101   13765162     696970      696970                            696970

 PHARMACYCLICS INC         COMMON  716933106    5435475     158700      158700                            158700

 PFIZER INC                COMMON  717081103   15226000     331000      331000                            331000

 PINNACLE WEST CAP CORP    COMMON  723484101    2667000      56000       56000                             56000

 PIXELWORKS INC            COMMON  72581M107    7383750     330000      330000                            330000

 PRECISION CASTPARTS CORP  COMMON  740189105   13941616     331450      331450                            331450

 PRICE T ROWE & ASSOCIATE  COMMON  741477103    3005813      69000       69000                             69000

 PRIMUS KNOWLEDGE SOLUTIO  COMMON  74163Q100   16750500    2577000     2577000                           2577000

 PROCTER & GAMBLE CO       COMMON  742718109   26904063     343000      343000                            343000
                                              ---------  ---------  --------- --------- ---------     --------- --------- ---------

       COLUMN TOTALS                          209270358   11078740   11078740                          11078740
</TABLE>







<PAGE>
<TABLE>

                                                               FORM 13F                                               12/31/00
                                                          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)
------------------------------------------------------------------------------------------------------------------------------

 PROVIDIAN FINL CORP       COMMON  74406A102   44447500     773000      773000                            773000

 QUIKSILVER INC            COMMON  74838C106    6606875     341000      341000                            341000

 RADISYS CORP              COMMON  750459109   21384264     826445      826445                            826445

 RADISYS CORP              BND CV  750459AB5    4214813    6350000     6350000                           6350000

 RAYTHEON CO               COMMON  755111408   41685875    1342000     1342000                           1342000

 REALNETWORKS INC          COMMON  75605L104    3314281     381500      381500                            381500

 REPSOL YPF S A            COMMON  76026T205    2741250     170000      170000                            170000

 REPUBLIC SVCS INC         COMMON  760759100    5534375     322000      322000                            322000

 ROSETTA INPHARMATICS INC  COMMON  777777103    4448000     278000      278000                            278000

 ROYAL DUTCH PETE CO       COMMON  780257804   32522063     537000      537000                            537000

 SBC COMMUNICATIONS INC    COMMON  78387G103   35478252     743000      743000                            743000

 S3 INC                    BND CV  784849AC5    3560850    4500000     4500000                           4500000

 SARA LEE CORP             COMMON  803111103    2161500      88000       88000                             88000

 SCHNITZER STL INDS        COMMON  806882106    6594770     507290      507290                            507290

 SEMITOOL INC              COMMON  816909105    4910594     506900      506900                            506900

 SENSORMATIC ELECTRS CORP  COMMON  817265101    5898375     294000      294000                            294000

 SHIRE PHARMACEUTICALS GR  COMMON  82481R106    9886717     214637      214637                            214637

 SHURGARD STORAGE CTRS IN  COMMON  82567D104    5305381     217100      217100                            217100

 SIMON PPTY GROUP INC NEW  COMMON  828806109    2280000      95000       95000                             95000
                                              ---------  ---------  --------- --------- ---------     --------- --------- ---------

       COLUMN TOTALS                          242975734   18486872   18486872                          18486872
</TABLE>







<PAGE>
<TABLE>

                                                               FORM 13F                                               12/31/00
                                                          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)
------------------------------------------------------------------------------------------------------------------------------


 SIRIUS SATELLITE RADIO I  COMMON  82966U103    6307831     210700      210700                            210700

 SONOSITE INC              COMMON  83568G104   18796917    1474268     1474268                           1474268

 SOUTHERN CO               COMMON  842587107    5220250     157000      157000                            157000

 STANCORP FINL GROUP INC   COMMON  852891100   14287516     299215      299215                            299215

 STARBUCKS CORP            COMMON  855244109    5973086     134985      134985                            134985

 STORAGE USA INC           COMMON  861907103    2079625      65500       65500                             65500

 SUIZA FOODS CORP          COMMON  865077101    3456000      72000       72000                             72000

 SUPERVALU INC             COMMON  868536103    2358750     170000      170000                            170000

 SYKES ENTERPRISES INC     COMMON  871237103    1220313     275000      275000                            275000

 SYNOPSYS INC              COMMON  871607107    6261750     132000      132000                            132000

 SYSTEMS & COMPUTER TECHN  COMMON  871873105    2142375     174000      174000                            174000

 TCF FINL CORP             COMMON  872275102    5748563     129000      129000                            129000

 TARGET CORP               COMMON  87612E106   30637500     950000      950000                            950000

 TAUBMAN CTRS INC          COMMON  876664103    1394531     127500      127500                            127500

 TEKTRONIX INC             COMMON  879131100    7654474     227220      227220                            227220

 TELEFLEX INC              COMMON  879369106    5169938     117000      117000                            117000

 TEXACO INC                COMMON  881694103    5467000      88000       88000                             88000

 TOSCO CORP                COMMON  891490302   28443019     838100      838100                            838100

 TREDEGAR CORP             COMMON  894650100    6767494     388100      388100                            388100
                                              ---------  ---------  --------- --------- ---------     --------- --------- ---------

       COLUMN TOTALS                          159386931    6029588    6029588                           6029588
</TABLE>







<PAGE>
<TABLE>

                                                               FORM 13F                                               12/31/00
                                                          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)
------------------------------------------------------------------------------------------------------------------------------

 TRICON GLOBAL RESTAURANT  COMMON  895953107    4356000     132000      132000                            132000

 TRIQUINT SEMICONDUCTOR I  COMMON  89674K103     726960      16640       16640                             16640

 TYCO INTL LTD NEW         COMMON  902124106   65490000    1180000     1180000                           1180000

 US BANCORP DEL            COMMON  902973106   19037343     652243      652243                            652243

 ULTRAMAR DIAMOND SHAMROC  COMMON  904000106    2933125      95000       95000                             95000

 UNITED STATES CELLULAR C  COMMON  911684108    4338000      72000       72000                             72000

 UNOCAL CORP               COMMON  915289102   30988688     801000      801000                            801000

 VALERO ENERGY CORP NEW    COMMON  91913Y100    2975000      80000       80000                             80000

 VERIZON COMMUNICATIONS    COMMON  92343V104   25463500     508000      508000                            508000

 VIACOM INC                COMMON  925524100   12361000     263000      263000                            263000

 WASHINGTON FED INC        COMMON  938824109   24067740     846338      846338                            846338

 WASTE MGMT INC DEL        COMMON  94106L109    4440000     160000      160000                            160000

 WASTE MGMT INC DEL        BND CV  94106LAA7    2005500    2100000     2100000                           2100000

 WELLS FARGO & CO NEW      COMMON  949746101   81410903    1461924     1461924                           1461924

 WESTCOAST HOSPITALITY CO  COMMON  95750P106    9352797    1824936     1824936                           1824936

 WEYERHAEUSER CO           COMMON  962166104    9786376     192835      192835                            192835

 WORLDCOM INC GA NEW       COMMON  98157D106   35085938    2495000     2495000                           2495000

 GILAT SATELLITE NETWORKS  COMMON  M51474100    9855750     386500      386500                            386500
                                              ---------  ---------  --------- --------- ---------     --------- --------- ---------

       COLUMN TOTALS                          344674618   13267416   13267416                          13267416
    ---------  ---------  --------- --------- ---------     --------- ---------
---------

 REPORT TOTALS                         3494235160  175433052  175433052                         175433052
                                              =========  =========  ========= ========= =========     =========  =========
</TABLE>





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