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WM VARIABLE TRUST
1201 THIRD AVENUE, 22ND FLOOR
SEATTLE, WASHINGTON 98101
SUPPLEMENT DATED DECEMBER 31, 1999, TO THE
PROSPECTUS DATED APRIL 30, 1999, AS SUPPLEMENTED JUNE 22, 1999
The following modifies information presented under the heading "Individual
Fund Managers" beginning on page 36 of the Prospectus:
1. Short Term High Quality Bond Fund
Craig V. Sosey is primarily responsible for the day-to-day management of
the Short Term High Quality Bond Fund.
2. Growth & Income Fund
Randall L. Yoakum, CFA and Stephen Q. Spencer, CFA co-manage the Growth &
Income Fund. Mr. Spencer has been employed by the Advisor since September
1999. Prior to that, Mr. Spencer was a portfolio manager and senior equity
analyst for Smoot, Miller, Cheney & Co. since 1985.
3. Emerging Growth Fund
Linda C. Walk, CFA is primarily responsible for the day-to-day management
of the Emerging Growth Fund.
4. Strategic Growth Portfolio, Conservative Growth Portfolio, Balanced
Portfolio, Flexible Income Portfolio, Income Portfolio
(the "Portfolios")
Randall L. Yoakum, CFA leads a team of investment professionals
responsible for the day-to-day management of the Portfolios.
PLEASE RETAIN THIS SUPPLEMENT WITH THE
PROSPECTUS FOR FUTURE REFERENCE.
