Pimco Variable Insurance Trust NPX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT

INVESTMENT COMPANY

Investment Company Act file number 811-8399

PIMCO Variable Insurance Trust

(Exact name of registrant as specified in charter)

840 Newport Center Drive, Newport Beach, CA 92660

(Address of principal executive offices) (Zip code)

Ernest L. Schmider

840 Newport Center Drive

Newport Beach, CA 92660

(Name and address of agent for service)

Copies to:

Brendan Fox

Dechert LLP

1775 I Street, N.W.

Washington, D.C. 20006

Registrant’s telephone number, including area code: (866) 746-2606

Date of fiscal year end: December 31

Date of reporting period: July 1, 2005 – June 30, 2006

Item 1. Proxy Voting Record

The Proxy Voting Record, stated below, encompasses all Portfolios in the PIMCO Variable Insurance Trust except the following Portfolios: All Asset Portfolio, CommodityRealReturn Strategy Portfolio, Emerging Markets Bond Portfolio, Foreign Bond Portfolio (U.S. Dollar-Hedged), Global Bond Portfolio (Unhedged), Long-Term U.S. Government Portfolio, Low Duration Portfolio, Money Market Portfolio, RealEstateRealReturn Strategy Portfolio, StocksPLUS^® Total Return Portfolio, and Total Return Portfolio II, in which there were no proxy votes to report.

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

Fund
Name

Issuer Name

Exchange
Ticker
Symbol

CUSIP or ISIN

Security
Holder
Meeting
Date

Matter Voted On

Issuer or
Security
Holder
Proposal

Vote
Cast

(Y/N?)

Vote
Cast:
For,
Against,
Abstain

Vote Cast
“For” or
“Against”
Management
or “Abstain”

PIMCO High Yield Portfolio

Aearo Co.

N/A

007594AC8

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

AmerisourceBergen Corp.

N/A

03073EAB1

N/A

Consent to
the proposed
amendments
to Indenture

Issuer

For

Cenveo Corp.

N/A

56032EAD5

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

Commonwealth Brands, Inc.

N/A

202740AE6

N/A

Consent to
the proposed
amendments
to Indenture

Issuer

For

Commonwealth Brands, Inc.

202740AA4

Consent to
the proposed
amendments

Issuer

For

Commonwealth Brands, Inc.

202740AE6

Consent to
the proposed
amendments

Issuer

For

Crown Euro Holdings S.A.

228344AC1

Consent to
the proposed
amendments

Issuer

For

Crown Euro Holdings S.A.

228344AD9

Consent to
the proposed
amendments

Issuer

For

Dresser, Inc.

N/A

26157VAB3

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

Dresser, Inc.

26157VAB3

Consent to
the proposed
amendments

Issuer

For

El Paso CGP Co.

190441AK1

Consent to
the proposed
amendments

Issuer

For

El Paso CGP Co.

190441BC8

Consent to
the proposed
amendments

Issuer

For

El Paso CGP Co.

190441BF1

Consent to
the proposed
amendments

Issuer

For

El Paso CGP Co.

N/A

190441AP0

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

El Paso CGP Co.

N/A

190441AR6

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

Fisher Scientific International, Inc.

N/A

338032AS4

Consent to
the proposed
amendments

Issuer

For

HealthSouth Corp.

N/A

421924AX9

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

HealthSouth Corp.

N/A

421924AZ4

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

ISP Holdings, Inc.

N/A

450295AE0

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

John Q. Hammons Hotels LP

N/A

40862PAC1

N/A

Consent to
the proposed
amendments
to Indenture

Issuer

For

Kerr-McGee Corp.

N/A

492386AU1

N/A

Consent to
the proposed
amendments
to Indenture

Issuer

Abstain

Nextel Communications, Inc.

N/A

65332VBE2

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

Nextel Communications, Inc.

N/A

65332VBD4

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

NRG Energy, Inc.

629377AS1

Consent to
the proposed
amendments

Issuer

For

NRG Energy, Inc.

N/A

629377AS1

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

Premier Entertainment Biloxi LLC

N/A

74051CAB2

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

Abstain

Qwest Services Corp.

N/A

74913RAH4

N/A

Consent to
the proposed
amendments
to Indenture

Issuer

For

RJ Reynolds Tobacco Holdings, Inc.

N/A

76182KAN5

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

Roundy’s, Inc.

N/A

779268AE1

N/A

Consent to
the proposed
amendments
to Indenture

Issuer

For

SESI LLC

N/A

78412FAC8

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

Superior Essex Communications LLC

N/A

86815WAD5

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

Targeted Return Index Securities Trust

N/A

87613YAJ0

N/A

Consent to
the proposed
amendments
to Indenture

Issuer

For

PIMCO Real Return Portfolio

Asset-Backed Securities Corp. Home Equity Loan Trust

04541GDF6

Consent to
the proposed
amendments

Issuer

Against

PIMCO Short-Term Portfolio

AmeriGas Partners LP

N/A

03073XAC7

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

Caesars Entertainment, Inc.

N/A

700690AB6

Consent to
the proposed
amendments

Issuer

For

PIMCO StocksPLUS^® Growth & Income Portfolio

La Quinta Corp.

N/A

58501TAJ7

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

PIMCO Total Return Portfolio

Torrens Trust

N/A

89140VAA3

N/A

Consent to
the proposed
amendments
in the
Indenture

Issuer

For

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


PIMCO VARIABLE INSURANCE TRUST

By:		/s/ Ernest L. Schmider
		Ernest L. Schmider, Principal Executive Officer

Date: August 25, 2006

Pimco Variable Insurance Trust N-PXAnnual report of proxy voting record