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WM Advisors Adds Richard Helm to Portfolio Management Team

SEATTLE--(BUSINESS WIRE)--June 11, 2001--Richard Helm has joined WM Advisors, Inc., the advisor to WM Group of Funds, as manager of the mutual fund family's Equity Income fund.

Helm, who is a Chartered Financial Analyst with more than 15 years of investment management experience, began managing the fund in March.

"We are pleased to have Rick join our outstanding team," said Bill Papesh, president of WM Advisors. "His depth of experience and excellent track record will add to one of the finest mutual fund teams anywhere."

Before Helm joined WM Advisors as a vice president and senior portfolio manager, he spent two years in the same capacity with Northwestern Trust and Investors Advisory Company in Seattle, where he managed the firm's value fund and was a member of the company's investment strategy committee.

He was vice president, director, and portfolio manager with TD Asset Management Inc. from 1997 to 1999 in Vancouver, British Columbia, and before that was director of international investments at Parametric Portfolio Associates in Seattle. Before that, he spent several years working for Morgan Stanley Asset Management and its affiliates, in Chicago, London and Tokyo as portfolio manager and analyst.

Helm earned a bachelor's degree from the University of Colorado, Boulder, and a master's of business administration (MBA) degree in finance from the University of Denver.

He is a member of the Association for Investment Research, the Seattle Society of Financial Analysts, the International Society of Financial Analysts, and the Bainbridge Island Parks Foundation.

WM Advisors, Inc. is a subsidiary of Washington Mutual, Inc. With a history dating back to 1889, Washington Mutual, Inc. (NYSE:WM) is a national financial services company that provides a diversified line of products and services to consumers and small- to mid-sized businesses. At March 31, 2001, Washington Mutual and its subsidiaries had assets of $219.93 billion. Washington Mutual currently operates more than 2,300 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation. Washington Mutual's news releases are available at www.wamu.com.

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CONTACT: Washington Mutual, Inc.
Alan Gulick, 206/377-3637