Exhibit 14(a)
                                                                   -------------


                        CONSENT OF INDEPENDENT AUDITORS



THE BOARD OF DIRECTORS 
THE GRIFFIN FUNDS, INC.


We consent to use of our report dated November 7, 1997, on the financial 
statements and Financial highlights of the Griffin Money Market Fund, Griffin
Tax-Free Money Market Fund, Griffin Short-Term Bond Fund, Griffin U.S.
Government Income Fund, Griffin Bond Fund, Griffin Municipal Bond Fund, Griffin
California Tax-Free Fund, Griffin Growth & Income Fund, and the Griffin Growth
Fund, constituting The Griffin Funds, Inc. as of September 30, 1997 and for the
periods indicated therein, which has been incorporated by reference into the
Registration Statements on Form N-14 filed by WM Trust I and WM Trust II.

We also consent to the reference to our firm under the heading "Financial 
Highlights" in the Griffin Funds Prospectus dated January 31, 1998 and under the
headings "Independent Auditors" and "Financial Statements" in the Griffin Funds 
Statement of Additional Information dated January 31, 1998 which are also 
incorporated by reference into the Registration Statements on Form N-14 filed by
WM Trust I and WM Trust II.


                                                  KPMG Peat Marwick LLP

Los Angeles, California
October 30, 1998