WM TRUST I
N-14, EX-99.(16), 2000-08-11
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<PAGE>   1


                                                                  EXHIBIT 99-16


                                   WM TRUST I
                                   WM TRUST II
                  WM STRATEGIC ASSET MANAGEMENT PORTFOLIOS, LLC
                                WM VARIABLE TRUST

                                POWER OF ATTORNEY


        Each of the undersigned does hereby constitute and appoint Monte D.
Calvin, Sandra A. Cavanaugh, William G. Papesh and John T. West, and each of
them acting alone, as his/her true and lawful attorney and agent, with power of
substitution or resubstitution, to do any and all acts and things and to execute
any and all instruments which said attorney and agent may deem necessary or
advisable or which may be required to enable any of WM Trust I, WM Trust II, WM
Strategic Asset Management Portfolios, LLC, or WM Variable Trust (collectively,
the "Registrants") to comply with the Securities Act of 1933, as amended (the
"1933 Act") and the Investment Company Act of 1940, as amended (the "1940 Act"),
and any rules, regulations or requirements of the Securities and Exchange
Commission in respect thereof, in connection with each Registrant's Registration
Statement(s) on Forms N-1A and N-14 pursuant to the 1933 Act and/or the 1940
Act, together with any and all amendments thereto, including specifically, but
without limiting the generality of the foregoing, the power and authority to
sign in the name and on behalf of the undersigned as trustee of each Registrant
each such Registration Statement and any and all such amendments filed with the
Securities and Exchange Commission under the 1933 Act and/or the 1940 Act, and
any other instruments or documents related thereto, and the undersigned does
hereby ratify and confirm all that said attorney and agent shall do or cause to
be done by virtue hereof.



<TABLE>
<S>                                           <C>

/s/ David E. Anderson                          /s/ Wayne L. Attwood, M.D.
--------------------------------               --------------------------------
David E. Anderson                              Wayne L. Attwood, M.D.

/s/ Arthur H. Bernstein, Esq.                  /s/ Kristianne Blake
--------------------------------               --------------------------------
Arthur H. Bernstein, Esq.                      Kristianne Blake

/s/ Edmond R. Davis, Esq.                      /s/ John W. English
--------------------------------               --------------------------------
Edmond R. Davis, Esq.                          John W. English

/s/ Anne V. Farrell                            /s/ Carrol R. McGinnis
--------------------------------               --------------------------------
Anne V. Farrell                                Carrol R. McGinnis
</TABLE>



<PAGE>   2


<TABLE>
<S>                                           <C>

/s/ Alfred E. Osborne, Jr. Ph.D.               /s/ Michael K. Murphy
--------------------------------               --------------------------------
Alfred E. Osborne, Jr. Ph.D.                   Michael K. Murphy

/s/ Daniel L. Pavelich                         /s/ William G. Papesh
--------------------------------               --------------------------------
Daniel L. Pavelich                             William G. Papesh

/s/ Morton O. Schapiro                         /s/ Jay Rockey
--------------------------------               --------------------------------
Morton O. Schapiro                             Jay Rockey

/s/ Richard C. Yancey
--------------------------------
Richard C. Yancey
</TABLE>



Date:  June 6, 2000



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