(NY-MILBERG-WEISS) Milberg Weiss Announces the Filing of a Class Action Suit on behalf of Purchasers of the Securities of the PI

(NY-MILBERG-WEISS) Milberg Weiss Announces the Filing of a Class Action Suit on
behalf of Purchasers of the Securities of the PIMCO Family of Mutual Funds 


NEW YORK, Feb. 27  /PRNewswire/ -- The law firm of Milberg Weiss Bershad Hynes &
Lerach LLP announces that a class action lawsuit was filed on February 27, 2004
on behalf of purchasers of the securities of the PIMCO family of funds (the
"Funds") between February 28, 1999 and February 15, 2004, inclusive, (the "Class
Period"), seeking to pursue remedies under the Securities Exchange Act of 1934,
the Securities Act of 1933 and the Investment Advisers Act of 1940. A copy of
the complaint filed in this action is available from the Court, or can be viewed
on Milberg Weiss' website at: http://www.milberg.com/cases/pimcoinvestorfunds/
The Funds, and the symbols for the respective Funds named below, are as
follows:

  PIMCO All Asset Fund (Sym: PASAX, PASBX, PASCX, PAAIX, PAALX
  PIMCO Asset Allocation Fund (Sym: PALAX, PALBX, PALCX)
  PIMCO CA Intermediate Muni Bond Fund (Sym: PCMBX, PCIMX)
  PIMCO CA Muni Bond Fund (Sym: PCAAX, PICMX)
  PIMCO CCM Capital Appreciation Fund (Sym: PCFAX, PFCBX, PFCCX, PAPIX)
  PIMCO CCM Mid-Cap Fund (Sym: PFMAX, PFMBX, PFMCX, PGMIX)
  PIMCO CommodityRealReturn Strategy Fund (Sym: PCRAX, PCRBX, PCRCX, PCRIX)
  PIMCO Diversified Income Fund (Sym: PDVAX, PDVBX, PDICX, PDIIX)
  PIMCO Emerging Markets Bond Fund (Sym: PAEMX, PBEMX, PEBCX, PEBIX)
  PIMCO Foreign Bond Fund (Sym: PFOAX, PFOBX, PFOCX, PFORX)
  PIMCO GNMA Fund (Sym: PAGNX, PGGNX, PCGNX, PDMIX)
  PIMCO Global Bond II Fund (Sym: PAIIX, PBIIX, PCIIX, PGBIX)
  PIMCO High Yield Fund (Sym: PHDAX, PHDBX, PHDCX, PHIYX)
  PIMCO International StocksPlus TR Strategy Fund (Sym: PIPAX, PIPBX, PIPCX)
  PIMCO Investment Grade Corporate Bond Fund (Sym: PIGIX)
  PIMCO Long-Term U.S.Govt. Fund (Sym: PFGAX, PGGBX, PFGCX, PGOVX)
  PIMCO Low Duration Fund (Sym: PTLAX, PTLBX, PTLCX, PLDTX)
  PIMCO Low Duration II Fund (Sym: PLDTX)
  PIMCO Low Duration III Fund (Sym: PLDIX)
  PIMCO Moderate Duration Fund (Sym: PMDRX)
  PIMCO Money Market Fund (Sym: PYAXX, PYCXX, PKCXX, PMIXX)
  PIMCO Municipal Bond Fund (Sym: PMLAX, PNFBX, PMLCX, PFMIX)
  PIMCO NACM Flex-Cap Fund (Sym: PNFAX, PNFBX, PNFCX)
  PIMCO NACM Global Fund (Sym: NGBAX, NGBBX, NGBCX)
  PIMCO NACM Growth Fund (Sym: NGWAX, NGWBX, NGWCX
  PIMCO NACM International Fund (Sym: PILAX, PILBX, PILCX)
  PIMCO NACM Pacific Rim Fund (Sym: PPRAX, PPRBX, PPRCX, NAPRX)
  PIMCO NACM Value Fund (Sym: PVUAX, PVUBX, PVUCX)
  PIMCO NFJDividend Value Fund (Sym: PNEAX, PNEBX, PNECX, NFJEX)
  PIMCO NFJ Large-Cap Value Fund (Sym: PNBAX, PNBBX, PNBCX)
  PIMCO NFJ Small-Cap Value Fund (Sym: PCVAX, PCVBX, PCVCX, PSVIX)
  PIMCO NY Muni Bond Fund (Sym: PNYAX)
  PIMCO PEA Growth Fund (Sym: PGWAX, PGFBX, PGWCX, PGFIX)
  PIMCO PEA Growth and Income Fund (Sym: PGRAX, PGRBX, PGNCX, PMEIX)
  PIMCO PEA Innovation Fund (Sym: PIVAX, PIVBX, PIVCX, PIFIX)
  PIMCO PEA Opportunity Fund (Sym: POPAX, PQNBX, POPCX, POFIX)
  PIMCO PEA Renaissance Fund (Sym: PQNAX, PGNBX, PQNCX, PRNIX)
  PIMCO PEA Target Fund (Sym: PTAAX, PTABX, PTACX, PFTIX)
  PIMCO PEA Value Fund (Sym: PDLAX, PDLBX, PDLCX, PDLIX)
  PIMCO RCM Biotechnology Fund (Sym: RABTX, RBBTX, RCBTX)
  PIMCO RCM Global Healthcare Fund (Sym: RAGHX, RBGHX, RCGHX)
  PIMCO RCM Global Small-Cap Fund (Sym: RGSAX, RGSBX, RGSCX, DGSCX)
  PIMCO RCM Global Technology Fund (Sym: RAGTX, RBGTX, RCGTX, DRGTX)
  PIMCO RCM International Growth Equity Fund (Sym: RAIGX, RBIGX, RCIGX,
  DRIEX)
  PIMCO RCM Large-Cap Growth Fund (Sym: RALGX, RBLGX, RCLGX, DRLCX)
  PIMCO RCM Mid-Cap Fund (Sym: RMDAX, RMDBX, RMDCX, DRMCX)
  PIMCO RCM Tax-Managed Growth Fund (Sym: PMWAX, PMWBX, PMWCX, DRTIX)
  PIMCO Real Return Fund (Sym: PRTNX, PRRBX, PRTCX, PRRIX, PARRX, PRRRX)
  PIMCO Real Return Fund (Sym: PRRIX)
  PIMCO Real Return II Fund (Sym: PIRRX)
  PIMCO Real Estate Real Return Strategy Fund (Sym: PETAX, PETBX, PETCX)
  PIMCO Short Duration Municipal Income Fund (Sym: PSDAX, PSDCX, PSDIX)
  PIMCO Short-Term Fund (Sym: PSHAX, PTSBX, PFTCX, PTSHX)
  PIMCO Stocks PLUS Fund (Sym: PSPAX, PSPBX, PSPCX, PSTKX)
  PIMCO Stocks PLUS Total Return Fund (Sym: PTOAX, PTOBX, PSOCX, PSPTX
  PIMCO Total Return Fund (Sym: PTTAX, PTTBX, PTTCX, PTTRX)
  PIMCO Total Return II Fund (Sym: PMBIX
  PIMCO Total Return III Fund (Sym: PTSAX)
  PIMCO Total Return Mortgage Fund (Sym: PMRAX, PMRBX, PMRCX, PTRIX)



The action is pending in the United States District Court for the District of
Connecticut against defendants Allianz Dresdner Asset Management of America
L.P.; Allianz of America; Allianz Dresdner Asset Management of America Holding
Inc.; PIMCO Advisors Fund Management LLC; PEA Capital LLC; Cadence Capital
Management LLC; NFJ Investment Group L.P.; Nicholas-Applegate Capital Management
LLC; RCM Capital Management LLC; PIMCO Funds Multi Manager Series; PIMCO
Advisors VIT; Fixed Income Shares; PIMCO Funds; Canary Capital Partners, LLC;
Canary Investment Management, LLC; Edward J. Stern; Brean Murray, Inc.; each of
the Funds; and John Does 1-100.

The Complaint alleges that defendants violated Sections 11 and 15 of the
Securities Act of 1933; Sections 10(b) and 20(a) of the Securities Exchange Act
of 1934, and Rule 10b-5 promulgated thereunder; and Section 206 of the
Investment AdvisersAct of 1940. The Complaint charges that, throughout the
Class Period, the Fund prospectuses failed to disclose that the Canary
Defendants, as defined therein, and the John Doe defendants, were allowed to
engage in "timing" of the Funds' securities. Timing is excessive, arbitrage
trading undertaken to turn a quick profit and which ordinary investors are told
that the funds police. Timing injures ordinary mutual fund investors -- who are
not allowed to engage in such practices -- and are acknowledged as an improper
practice by the Funds. In return for receiving extra fees from the Canary
Defendants and the John Doe Defendants, the Funds allowed and facilitated the
privileged investors' timing activities, to the detriment of class members, who
paid, dollar for dollar, for the Canary Defendants and John Doe Defendants'
improper profits. These practices were undisclosed in the prospectuses of the
Funds, which falsely represented that the Funds actively police against.

If you bought the securities of any of the Funds between February 28, 1999 and
February 15, 2004 and sustained damages, you may, no later than April 20, 2004,
request that the Court appoint you as lead plaintiff. A lead plaintiff is a
representative party that acts on behalf of other class members in directing the
litigation. In order to be appointed lead plaintiff, the Court must determine
that the class member's claim is typical of the claims of other class members,
and that the class member will adequately represent the class. Under certain
circumstances, one or more class members may together serve as "lead plaintiff."
Your ability to share in any recovery is not, however, affected by the decision
whether or not to serve as a lead plaintiff. You may retain Milberg Weiss
Bershad Hynes & Lerach LLP, or other counsel of your choice, to serve as your
counsel in this action.

Milberg Weiss Bershad Hynes & Lerach LLP (http://www.milberg.com/) is a
190-lawyer firm with offices in New York City, San Diego, San Francisco, Los
Angeles, Boca Raton, Philadelphia and Seattle, and is active in major
litigations pending in federal and state courts throughout the United States.
Milberg Weiss has taken a leading role in many important actions on behalf of
defrauded investors, consumers, and others, and has been responsible for more
than $20 billion in aggregate recoveries. Please contact the Milberg Weiss
website for more information about the firm. If you wish to discuss this action
with us, or have any questions concerning this notice or your rights and
interests with regard to the case, please contact the following attorneys:

  Steven G. Schulman
  Peter E. Seidman
  Andrei V. Rado
  One Pennsylvania Plaza, 49th fl.
  New York, NY, 10119-0165
  Phone number: [phone]
  Email:
  Website: http://www.milberg.com/

( PASAX PASBX PASCX PAAIX PAALX PALAX PALBX PALCX PCMBX PCIMX PCAAX PICMX

PCFAX PFCBX PFCCX PAPIX PFMAX PFMBX PFMCX PGMIX PCRAX PCRBX PCRCX PCRIX PDVAX

PDVBX PDICX PDIIX PAEMX PBEMX PEBCX PEBIX PFOAX PFOBX PFOCX PFORX PAGNX PGGNX

PCGNX PDMIX PAIIX PBIIX PCIIX PGBIX PHDAX PHDBX PHDCX PHIYX PIPAX PIPBX PIPCX

PIGIX PFGAX PGGBX PFGCX PGOVX PTLAX PTLBX PTLCX PLDTX PLDTX PLDIX PMDRX PYAXX

PYCXX PKCXX PMIXX PMLAX PNFBX PMLCX PFMIX PNFAX PNFBX PNFCX NGBAX NGBBX NGBCX

NGWAX NGWBX NGWCX PILAX PILBX PILCX PPRAX PPRBX PPRCX NAPRX PVUAX PVUBX PVUCX

PNEAX PNEBX PNECX NFJEX PNBAX PNBBX PNBCX PCVAX PCVBX PCVCX PSVIX PNYAX PGWAX

PGFBX PGWCX PGFIX PGRAX PGRBX PGNCX PMEIX PIVAX PIVBX PIVCX PIFIX POPAX PQNBX

POPCX POFIX PQNAX PGNBX PQNCX PRNIX PTAAX PTABX PTACX PFTIX PDLAX PDLBX PDLCX

DLIX  RABTX RBBTX RCBTX RAGHX RBGHX RCGHX RGSAX RGSBX RGSCX DGSCX RAGTX RBGTX

RCGTX DRGTX RAIGX RBIGX RCIGX DRIEX RALGX RBLGX RCLGX DRLCX RMDAX RMDBX RMDCX

DRMCX PMWAX PMWBX PMWCX DRTIX PRTNX PRRBX PRTCX PRRIX PARRX PRRRX PRRIX PIRRX

PETAX PETBX PETCX PSDAX PSDCX PSDIX PSHAX PTSBX PFTCX PTSHX PSPAX PSPBX PSPCX

PSTKX PTOAX PTOBX PSOCX PSPTX PTTAX PTTBX PTTCX PTTRX PMBIX PTSAX PMRAX PMRBX

PMRCX PTRIX )

DATASOURCE: Milberg Weiss Bershad Hayes & Lerach LLP



CONTACT:  Steven G. Schulman, Peter E. Seidman, Andrei V. Rado, all of

Milberg Weiss Bershad Hynes & Lerach LLP, [phone]



Web site:  http://www.milberg.com/ 

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