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>