UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: June 30, 2000
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: PACIFIC LIFE INSURANCE COMPANY
Address: 700 Newport Center Drive
Newport Beach, CA 92660
13F File Number: 28-351
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: John Torell
Title: AVP, Securities Administration
Phone: 949-219-1753
Signature, Place, and Date of Signing
____________________ ____________________ ____________________
Report Type (Check only one.):
[X] 13F Holdings Report.
[ ] 13F Notice.
[ ] 13F Combination Report.
List of Other Managers Reporting for this Manager:
None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total:112
Form 13F Information Table Value Total:$254,165,260
List of Other Included Managers:
None
<PAGE>
PACIFIC LIFE INSURANCE COMPANY
PER SEC 13F
AS OF : 09/30/2000
<TABLE>
NAME OF CLASS CUSIP FAIR MKT SHARES SH/ INVEST VOTING
VALUE PRINCIPA PRN DISCRETIAUTHORITY
<S> <C> <C> <C> <S> <C>
AETHER SDEB 00808VAA 1,140 1500000PRN SOLE 0
AFFYMETRDEB 00826TAC 298 500000PRN SOLE 0
AKAMAI TDEB 00971TAA 1,081 1500000PRN SOLE 0
ALPHARMADEB 020813AC 1,021 500000PRN SOLE 0
ALZA CORCOM 02261510 1,399 16184SH SOLE 16184
AMERICANCOM 02493710 1,776 75000SH SOLE 75000
AMERICANCOM 02635110 1,006 12902SH SOLE 12902
AMERICANDEB 029912AE 1,419 1500000PRN SOLE 0
ANIXTER DEB 035290AA 975 3500000PRN SOLE 0
AT&T CORCOM 00195720 1,147 63732SH SOLE 63732
AUTOMATIDEB 053015AC 3,525 2000000PRN SOLE 0
AUTONATICOM 05329W10 120 20000SH SOLE 20000
BEA SYSTDEB 073325AD 2,371 1000000PRN SOLE 0
BELL ATLDEB 07785GAB 26,102.26000000PRN SOLE 0
BOYD GAMCOM 1.03E+08 246 50000SH SOLE 50000
BURR-BRODEB 122574AD 1,325 1000000PRN SOLE 0
CHECKFREDEB 162816AA 435 500000PRN SOLE 0
CISCO SYCOM 17275R10 1,105 20000SH SOLE 20000
CKE RESTDEB 12561EAB 1,353 3000000PRN SOLE 0
CLEAR CHCOM 1.85E+08 67011873.14SH SOLE 11873.14
COMMSCOPDEB 203372AB 850 1000000PRN SOLE 0
COMMSCOPDEB 203372AA 1,275 1500000PRN SOLE 0
COMPUTERCOM 2.05E+08 503 20000SH SOLE 20000
CONEXANTDEB 207142AB 1,920 1000000PRN SOLE 0
CONEXANTDEB 207142AF 715 1000000PRN SOLE 0
CORNERSTCOM 2.19E+08 33,389. 2244690SH SOLE 2244690
CRITICALDEB 22674VAB 440 500000PRN SOLE 0
CYMER INDEB 232572AC 480 500000PRN SOLE 0
CYPRESS DEB 232806AE 1,132 1000000PRN SOLE 0
CYPRESS DEB 232806AF 941 1000000PRN SOLE 0
DEVON ENCOM 25179M10 1,069 17786SH SOLE 17786
DIAMOND DEB 25271CAB 10,008.20016000PRN SOLE 0
DIAMOND DEB 25271CAA 2,806 2500000PRN SOLE 0
E TRADE DEB 269246AA 896 1000000PRN SOLE 0
ECHOSTARDEB 278762AB 1,985 1500000PRN SOLE 0
EFFICIENCOM 2.82E+08 345 9255SH SOLE 9255
EFFICIENDEB 282056AA 952 1500000PRN SOLE 0
EMC CORPCOM 2.69E+08 1,373 13860SH SOLE 13860
EXCITE@HDEB 045919AC 430 1000000PRN SOLE 0
EXCITE@HDEB 045919AD 3,009 4500000PRN SOLE 0
GETTY IMDEB 374276AD 1,179 1500000PRN SOLE 0
HEALTHSODEB 421924AF 416 500000PRN SOLE 0
HILTON HDEB 432848AL 5,871 7000000PRN SOLE 0
HUANENG DEB 443304AA 566 500000PRN SOLE 0
HUMAN GEDEB 444903AE 1,667 1000000PRN SOLE 0
INTERIM DEB 45868PAA 1,487 2250000PRN SOLE 0
INTERMEDCOM 4.59E+08 156 5300.75SH SOLE 5300.75
INTERNETDEB 46059CAA 257 500000PRN SOLE 0
INTERPUBDEB 460690AG 2,218 2500000PRN SOLE 0
INTL RECDEB 460254AD 922 1000000PRN SOLE 0
ITC DELTDEB 45031TAJ 605 1000000PRN SOLE 0
IVAX CORDEB 465823AB 1,453 1000000PRN SOLE 0
JUNIPER DEB 48203RAA 2,304 1500000PRN SOLE 0
KERR-MCGDEB 492386AP 1,863 1500000PRN SOLE 0
LATTICE DEB 518415AA 2,165 1500000PRN SOLE 0
LERNOUT COM B5628B10 100 7680SH SOLE 7680
LSI LOGIDEB 502161AE 1,610 2000000PRN SOLE 0
MAGNA INDEB 559222AF 442 500000PRN SOLE 0
MASCOTECDEB 574670AB 4,865 7000000PRN SOLE 0
MCN ENERCOM 55267J10 441 17241SH SOLE 17241
MERCURY DEB 589405AA 771 500000PRN SOLE 0
MILLENNIDEB 599902AA 943 500000PRN SOLE 0
MITSUBISDEB 55262XAA 1,028 1000000PRN SOLE 0
NETWORK DEB 640938AA 946 2500000PRN SOLE 0
NOKIA COCOM 6.55E+08 796 20000SH SOLE 20000
OMNICOM DEB 681919AC 1,160 500000PRN SOLE 0
P G & E COM 69331C10 190 7880SH SOLE 7880
PEGASUS COM 7.06E+08 1 325SH SOLE 325
PENNEY JCOM 7.08E+08 4 3712SH SOLE 3712
QUANTA SDEB 74762EAA 1,587 2000000PRN SOLE 0
RATIONALDEB 75409PAA 3,052 1500000PRN SOLE 0
REDBACK DEB 757209AA 557 500000PRN SOLE 0
ROGERS CDEB 775109AE 1,720 2000000PRN SOLE 0
SAFEGUARDEB 786449AE 498 500000PRN SOLE 0
SAFEGUARDEB 786449AD 498 500000PRN SOLE 0
SAVE MARCOM 8051172# 7,520 90829SH SOLE 90829
SCI SYSTDEB 783890AF 1,494 1500000PRN SOLE 0
SEACOR HDEB 811904AE 550 500000PRN SOLE 0
SEMTECH DEB 816850AB 604 500000PRN SOLE 0
SEPRACORDEB 817315AF 2,056 1000000PRN SOLE 0
SEPRACORDEB 817315AH 2,056 1000000PRN SOLE 0
SOLECTRODEB 834182AK 25,393.37901000PRN SOLE 0
ST PAUL COM 7.93E+08 835 16950SH SOLE 16950
STANDARDDEB 853666AB 255 500000PRN SOLE 0
STATION COM 8.58E+08 342 24000SH SOLE 24000
STMICROEDEB 861012AB 2,607 2000000PRN SOLE 0
TELEFONODEB 879403AD 1,253 1000000PRN SOLE 0
TERAYON DEB 880775AA 1,320 2000000PRN SOLE 0
THERMO EDEB 883556AH 875 1000000PRN SOLE 0
THERMO EDEB 883556AJ 2,227 3000000PRN SOLE 0
THERMO FDEB 88355WAA 1,675 2000000PRN SOLE 0
THERMO IDEB 883559AC 4,668 5000000PRN SOLE 0
THERMOLADEB 883624AA 10,125.12000000PRN SOLE 0
TOTAL REDEB 89151AAC 1,435 2000000PRN SOLE 0
TOTAL REDEB 89151AAA 2,130 3000000PRN SOLE 0
TRANSWITDEB 894065AA 1,230 1000000PRN SOLE 0
TRIQUINTDEB 89674KAA 1,186 1500000PRN SOLE 0
U S RESTCOM 9.03E+08 16,479. 1734661SH SOLE 1734661
VALERO ECOM 91913Y10 500 14225SH SOLE 14225
VANGUARDCOM 9.23E+08 1,46811072.26SH SOLE 11072.26
VERITAS DEB 92343RAA 4,105 1000000PRN SOLE 0
VITESSE DEB 928497AA 1,037 1000000PRN SOLE 0
VODAFONECOM 92857W10 739 19990SH SOLE 19990
WASTE MGDEB 94106LAA 930 1000000PRN SOLE 0
WIND RIVDEB 973149AC 747 500000PRN SOLE 0
254,165.26
</TABLE>
