DECHERT PRICE & RHOADS
1500 K Street, N.W.
Washington, D.C. 20005-1208
Telephone: (202) 626-3300
Fax: (202) 626-3334
February 5, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: PIMCO Funds
(File No. 33-12113)
Dear Sir or Madam:
Attached for electronic filing pursuant to Rule 497(e)
of the Securities Act of 1933 are the supplemented
Prospectus and Statement of Additional Information relating
to PIMCO Advisors Institutional Funds, each dated February
5, 1996. Please note that the Prospectus and Statement of
Additional Information are incorporated by reference from
File No. 33-12113 filed pursuant to Rule 497(e) under the
Securities Act of 1933 on November 27, 1995.
Sincerely,
/s/Keith T. Robinson
Attachment
SUPPLEMENT DATED FEBRUARY 5, 1996
TO PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
DATED OCTOBER 1, 1995 OF
PIMCO FUNDS
Non-fundamental restriction (I) on page 22 of the Prospectus
and page 38 of the Statement of Additional Information has
been amended to read as follows:
[A Fund may not]
(I) borrow money (excluding dollar rolls and reverse
repurchase agreements, which are subject to the Fund's
fundamental borrowing restriction), except for temporary
administrative purposes;
The Prospectus and Statement of Additional Information
is incorporated by reference from File No. 33-12113
filed pursuant to Rule 497(e) under the Securities Act
of 1933 on November 27, 1995
