Analogues of the key results of Wiman-Valiron theory are proved for a class of functions meromorphic in the unit disc, based on an approach developed by Bergweiler, Rippon and Stallard for the plane setting. The results give local approximations for the function and its logarithmic derivative and, in the case of positive order of growth, for higher order logarithmic derivatives as well. MSC 2010: 30D20, 30D35, 30J99.Classical Wiman-Valiron theory describes the behaviour of an entire function f (z) by analyzing its power series ∞ n=0 a n z n (see [9] for the definitive reference). For r > 0 we define the maximum term µ(r) = max n≥0 |a n |r n , and the central index N(r) is then the largest integer n for which this maximum is attained. A seminal result of the theory states that if γ > 1/2 and M ∈ N and r ∈ [1, ∞) \ E, where E ⊆ [1, ∞) is a set of finite logarithmic measure, and if |f (z r )| = M(r, f ) = max |ζ|=r |f (ζ)|, then