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 Advisors Institutional Funds
(File No. 33-36528)
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. 33-36528 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 NOVEMBER 1, 1995 OF
PIMCO ADVISORS INSTITUTIONAL FUNDS
1. Non-fundamental restriction (I) on page 20 of the
Prospectus and page 21 of the
Statement of Additional Information has been amended to
read as follows:
[A Fund may not]
(I) borrow money (excluding reverse repurchase agreements
which are subject to the Fund's fundamental borrowing
restriction), except for temporary administrative purposes;
2. Price Waterhouse LLP, 1055 Broadway, Kansas City,
Missouri 64105, has been
retained to serve as the accountants for the Funds for
the current fiscal year. Price Waterhouse LLP succeeds
Deloitte & Touche LLP as accountants for the Funds.
3. The name of PIMCO Advisors Institutional Trust has been
changed to "PIMCO Funds: Equity Advisors Series".
The Prospectus and Statement of Additional Information
is incorporated by reference from File No. 33-36528
filed pursuant to Rule 497(e) under the Securities Act
of 1933 on November 27, 1995.
