PIMCO FUNDS
485BXT, 1999-07-23
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      As filed with the Securities and Exchange Commission on July 23, 1999

                                                              File Nos. 33-12113
                                                                        811-5028

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM N-1A

            Registration Statement Under The Securities Act Of 1933         /X/

                        Post-Effective Amendment No. 47                     /X/

                                     and/or

        Registration Statement Under The Investment Company Act Of 1940     /X/

                                Amendment No. 51
                                                                            /X/

                                   PIMCO Funds
               (Exact Name of Registrant as Specified in Charter)

                            840 Newport Center Drive
                         Newport Beach, California 92660
               (Address of Principal Executive Offices) (Zip Code)
               Registrant's Telephone Number, including area code
                                 (714) 760-4867

      Robert W. Helm, Esq.              R. Wesley Burns
      Dechert Price & Rhoads            Pacific Investment Management Company
      1775 Eye Street, N.W.             840 Newport Center Drive
      Washington, D.C.  20006           Newport Beach, California 92660

                     (Name and Address of Agent for Service)

It is proposed that this filing will become effective (check appropriate box):

     o    Immediately upon filing pursuant to paragraph (b)

     /X/  on August 1, 1999 pursuant to paragraph (b)

     o    60 days after filing pursuant to paragraph (a)(1)

     o    on (date) pursuant to paragraph (a)(2)

     o    75 days after filing pursuant to paragraph (a)(2) of Rule 485

If appropriate, check the following box:

     /X/  This  post-effective  amendment  designated a new effective date for a
          previously filed post-effective amendment.


<PAGE>


     This Post-Effective  Amendment No. 47 to the Registration Statement on Form
N-1A for PIMCO Funds (the "Fund") incorporates by reference the Prospectuses and
Statement  of   Additional   Information   that  are  contained  in  the  Fund's
Post-Effective  Amendment  No.  45,  which was  filed  with the  Securities  and
Exchange Commission on May 26, 1999. This Post-Effective  Amendment is filed to
extend the effective date of Post-Effective  Amendment No. 45 to August 1, 1999.
This   Post-Effective   Amendment   does  not  change  the  effective   date  of
Post-Effective  Amendment  No.  46,  which was  filed  with the  Securities  and
Exchange Commission on June 17, 1999.

                                   SIGNATURES

     Pursuant  to  the  requirements  of the  Securities  Act of  1933  and  the
Investment  Company Act of 1940, the Registrant  certifies that it meets all the
requirements for effectiveness of this Registration  Statement  pursuant to Rule
485(b) under the Securities Act of 1933, and has duly caused this Post-Effective
Amendment No. 47 to its Registration Statement to be signed on its behalf by the
undersigned,  thereunto  duly  authorized,  in the  City  of  Washington  in the
District of Columbia on the 23rd day of July, 1999.

                                   PIMCO FUNDS
                                  (Registrant)

                    By:
                         ---------------------------------------
                                R. Wesley Burns*
                                    President

                   *By:
                         ----------------------------------------
                         /s/ Robert W. Helm
                         Robert W. Helm, as attorney-in-fact

     Pursuant  to  the   requirements  of  the  Securities  Act  of  1933,  this
Registration  Statement  has  been  signed  by  the  following  persons  in  the
capacities and on the dates indicated:

Signature                             Title                      Date


- ----------------------------          Trustee                    July 23, 1999
Guilford C. Babcock*


- ----------------------------           Trustee                   July 23, 1999
Thomas P. Kemp*


- ----------------------------           Trustee                   July 23, 1999
Brent R. Harris*


- ----------------------------           Trustee                   July 23, 1999
William J. Popejoy*


- ----------------------------           Trustee                   July 23, 1999
Vern O. Curtis*


- ----------------------------          President                  July 23, 1999
R. Wesley Burns*                       (Principal Executive
                                         Officer)

- ----------------------------           Treasurer                 July 23, 1999
John P. Hardaway*                      (Principal Financial
                                          and Accounting
                                          Officer)


*By: /s/ Robert W. Helm
     --------------------------------
     Robert W. Helm,
     as attorney-in-fact

- ---------------------------
  * Pursuant to power of attorney  filed with  Post-Effective Amendment No. 36
    to Registration Statement No. 33-12113 on July 11, 1997.



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