Re: Smith victory model?
Well, VAM didn't manufacture that gun; they are probably the importer that brought the gun back from some foreign country. You should be able to ask them with the info Alpo has provided. The other markings are standard S&W markings of the period; the letters inside the grips are S&W inspection marks.
A bit on the "Victory Model." That gun is indeed in .38 S&W, aka .38/200, and was made on the contract for Lend Lease for England. Technically, it was U.S. property, on the legal basis that the nation could not lend or lease what it did not own. WB was Col. Waldemar S. Broberg, head of the Hartford/Springfield Ordnance District from July 1, 1941 to June 16, 1942.
Your gun is sometimes called a "pre-Victory Model." The Victory model came about in a somewhat prosaic way. As you see by the serial number on your gun, S&W was fast approaching the million mark on those guns. But their numbering machine only went to six digits so they planned to add a prefix letter that would be stamped on all frames before they even went to be serial numbered. Supposedly, they planned to use "A", then someone suggested "V", "V for Victory" being a common slogan at the time. "V" it became, and the Victory Model was born. There is some discrepancy as to when the first Victory Model, V1, was made. One source says November 1941, another says April 1942, but regardless it followed 999999. Lend Lease, incidentally, took effect PRIOR to US entry into the war; the law was passed in March 1941.
The government never used the term "Victory Model", calling it the Military & Police Model (to S&W, it was the .38 Hand Ejector, Model 1905, Fourth Change), and S&W called it the same thing in official correspondence. The term "Victory Model" was used in S&W advertising, though. The .38 S&W for the British and the .38 Special for the U.S. were intermixed throughout production.