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<PAGE> WM GROUP OF FUNDS 1201 THIRD AVENUE, 22ND FLOOR SEATTLE, WASHINGTON 98101 SUPPLEMENT DATED APRIL 3, 2000 TO THE PROSPECTUS DATED MARCH 1, 2000 Information presented on page 60 is modified by the following: The Bond & Stock Fund is managed by an equity team of Portfolio Managers of WM Advisors, Inc. PLEASE RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS FOR FUTURE REFERENCE. B & S Supp
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