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| January 21, 2010 | Jacob E. Comer (617) 951-7913 Jacob.comer@ropesgray.com |
Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, DC 20549
Attn: Brion Thompson
| Re: | PIMCO Floating Rate Strategy Fund |
(File Nos. 333-164388, 811-21601)
Mr. Thompson:
On Friday, January 15, 2010, PIMCO Floating Rate Strategy Fund (the “Fund”) filed via EDGAR a registration statement on Form N-2 pursuant to the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended. The registration statement relates to an offering of transferable rights to subscribe for common shares of beneficial interest of the Fund.
Please direct any questions or comments regarding the filing to me at (617) 951-7913 or, in my absence, to David Sullivan at (617) 951-7362. Thank you for your attention in this matter.
Sincerely,
/s/ Jacob E. Comer
Jacob E. Comer