PIMCO Funds:
                      Pacific Investment Management Series
                              Retail Share Classes


                       Supplement dated January 7, 1998 to
                       Prospectus dated July 15, 1997, as
                          Supplemented November 1, 1997

     The following  information  supplements the information appearing under the
heading "Management of the Trust" in the accompanying prospectus:

     Effective immediately,  the Short-Term and StocksPLUS Funds will be managed
by a team led by William H. Gross, Managing Director, PIMCO.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission