Pimco Funds 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 811-5028

PIMCO Funds: Pacific Investment Management Series

(Exact name of registrant as specified in charter)

840 Newport Center Drive, Newport Beach, CA 92660

(Address of principal executive offices) (Zip code)

R. Wesley Burns,

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: (800) 927-4648

Date of fiscal year end: March 31

Date of reporting period: July 1, 2003 - June 30, 2004

Item 1. Proxy Voting Record

The Proxy Voting Record, stated below, encompasses all Funds and Portfolios in the Pacific Investment Management Series (“PIMS”) except the following Funds and Portfolios: All Asset All Authority Fund, All Asset Fund, CommodityRealReturn Strategy Fund, Convertible Fund, Emerging Markets Bond Fund, European Convertible Fund, European StocksPLUS TR Strategy Fund, Far East (ex-Japan) StocksPLUS TR Strategy Fund, Foreign Bond Fund (Unhedged), GNMA Fund, International StocksPLUS TR Strategy Fund, Japanese StocksPLUS TR Strategy Fund, Long-Term U.S. Government Fund, Low Duration Fund II, Money Market Fund, Real Return Asset Fund, Real Return Fund, Real Return Fund II, RealEstateRealReturn Strategy Fund, StocksPLUS TR Short Strategy Fund, Emerging Markets Portfolio, International Portfolio, Mortgage Portfolio, Municipal Sector Portfolio, Real Return Portfolio, Short-Term Portfolio II, and U.S. Government Sector Portfolio, in which there were no proxy votes to report.

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

Fund

Name

Security Issuer

Name

Exchange

Ticker
Symbol

Cusip or Isin

Security
Holder
Meting
Date

Matter Voted On

Proposal
by
Issuer
or

Security
Holder

Vote
Cast
(Y/N?)

Voting
Result:
For,
Against,

Abstain

Vote Cast
"For" or
"Against"

Management
or "Abstain"

California Intermediate Municipal Bond Fund

Virgin Islands

N/A

92765TAA6

10/27/03

Consent to notice of completion

Issuer

For

California Municipal Bond Fund

Virgin Islands

N/A

92765TAA6

10/27/03

Consent to notice of completion

Issuer

For

Diversified Income Fund

Valentia

N/A

XS0178927389

02/04/04

Consent to the proposed amendments in the Indenture

Issuer

For

Nextel Communications

N/A

65332VBA0

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Station Casinos, Inc.

N/A

857689AM5

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Cadmus Communications

N/A

127587AB9

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Extended Stay America

N/A

30224PAE1

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Triad Hospital

N/A

89579KAB5

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Merisant Co.

N/A

58984WAA5

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Williams Co.

N/A

968905AD1

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Williams Co.

N/A

969457AV2

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Hollinger Participation

N/A

435573AA8

10/17/03

Consent to implement call schedule

Issuer

For

Garden States Newspapers

N/A

365438AD2

N/A

Consent to the amendments in the Indenture

Issuer

For

QWEST

N/A

74913EAE0

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

QWEST

N/A

74913EAH3

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

Beverly Enterprises, Inc.

N/A

087851AQ4

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Hollinger International

N/A

435572AE2

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Foreign Bond Fund (U.S. Dollar-Hedged)

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

Global Bond Fund (Unhedged)

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

Global Bond Fund (U.S. Dollar-Hedged)

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

High Yield Fund

Eircom

N/A

28257PAC9

02/04/04

Consent to the proposed amendments in the Indenture

Issuer

For

Eircom

N/A

XS0178927629

02/04/04

Consent to the proposed amendments in the Indenture

Issuer

For

Valentia

N/A

XS0178927389

02/04/04

Consent to the proposed amendments in the Indenture

Issuer

For

Hollinger International

N/A

43556CAE1

N/A

Consent to the proposed amendment in the Indenture

Issuer

Abstain

Nextel Communications

N/A

65332VBA0

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Healthsouth Corp.

N/A

421924AR2

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Healthsouth Corp.

N/A

421924AX9

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Cadmus Communications

N/A

127587AB9

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Extendicare Health

N/A

302244AC2

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Extended Stay America

N/A

30224PAC5

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Extended Stay America

N/A

30224PAE1

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Triad Hospital

N/A

89579KAB5

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Messer Griesheim

N/A

XS0136262275

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Merisant Co.

N/A

58984WAA5

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Williams Co.

N/A

969457AQ3

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Williams Co.

N/A

969457BC3

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

CMS Panhandle Holding Co.

N/A

12589YAB5

N/A

Consent to the amendments in the Indenture

Issuer

For

CMS Panhandle Holding Co.

N/A

12589YAD1

N/A

Consent to the amendments in the Indenture

Issuer

For

CMS Panhandle Holding Co.

N/A

12589YAF6

N/A

Consent to the amendments in the Indenture

Issuer

For

Jet Equipment Trust

N/A

477122AM7

07/25/03

Consent to the amendments in the Indenture

Issuer

For

Jet Equipment Trust

N/A

477122AN5

07/25/03

Consent to the amendments in the Indenture

Issuer

For

WorldCOM

N/A

98155KAJ1

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

WorldCOM

N/A

98157DAJ5

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

WorldCOM

N/A

98157DAK2

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

Hollinger Participation

N/A

435573AA8

10/17/03

Consent to implement call schedule

Issuer

For

Crown Castle

N/A

228227AF1

N/A

Consent to the amendments in the Indenture

Issuer

For

Crown Castle

N/A

228227AD6

N/A

Consent to the amendments in the Indenture

Issuer

For

Garden States Newspapers

N/A

365438AD2

N/A

Consent to the amendments in the Indenture

Issuer

For

QWEST

N/A

74913EAJ9

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

QWEST

N/A

74913EAE0

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

QWEST

N/A

74913EAH3

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

Beverly Enterprises, Inc.

N/A

087851AQ4

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Tom Brown, Inc.

N/A

115758AA2

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Healthsouth Corporation

N/A

421924AX9

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Hollinger International

N/A

435572AE2

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Investment Grade Corporate Bond Fund

CMS Panhandle Holding Co.

N/A

12589YAB5

N/A

Consent to the amendments in the Indenture

Issuer

For

Low Duration Fund

Enron

N/A

293561AR7

N/A

Consent to the proposed bankruptcy amendments

Issuer

For

Enron

N/A

293561BL9

N/A

Consent to the proposed bankruptcy amendments

Issuer

For

Enron

N/A

293561BM7

N/A

Consent to the proposed bankruptcy amendments

Issuer

For

Enron

N/A

29357WAA5

N/A

Consent to the proposed bankruptcy amendments

Issuer

For

Enron

N/A

29357YAA1

N/A

Consent to the proposed bankruptcy amendments

Issuer

For

Williams Co.

N/A

968905AA7

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Pacific Gas & Electric

N/A

694308FT9

09/29/03

Consent to proposed settlement agreement

Issuer

For

Low Duration Fund III

Pacific Gas & Electric

N/A

694308FT9

09/23/03

Consent to proposed settlement agreement

Issuer

For

Moderate Duration Fund

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

QWEST

N/A

74913EAH3

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

Municipal Bond Fund

Virgin Islands

N/A

92765TAA6

10/27/03

Consent to notice of completion

Issuer

For

New York Municipal Bond Fund

Virgin Islands

N/A

92765TAA6

10/27/03

Consent to notice of completion

Issuer

For

Short Duration Municipal Income Fund

Virgin Islands

N/A

92765TAA6

10/27/03

Consent to notice of completion

Issuer

For

Short-Term Fund

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

WorldCOM

N/A

98157DAF3

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

Pacific Gas & Electric

N/A

694308FT9

09/23/03

Consent to proposed settlement agreement

Issuer

For

France Telecom

N/A

35177Q8H0

09/19/03

Consent to the amendments in the Indenture

Issuer

For

StocksPLUS Fund

Enron

N/A

29357YAA1

N/A

Consent to the proposed bankruptcy amendments

Issuer

For

StocksPLUS Total Return Fund

France Telecom

N/A

35177Q8H0

09/19/03

Consent to the amendments in the Indenture

Issuer

For

Total Return Fund

Enron

N/A

293561CC8

N/A

Consent to the proposed bankruptcy amendments

Issuer

For

Enron

N/A

29357YAA1

N/A

Consent to the proposed bankruptcy amendments

Issuer

For

Williams Co.

N/A

969457AV2

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Orange plc

N/A

685211AE4

N/A

Consent to the amendments in the Indenture

Issuer

For

Merrill Lynch Mortgage Investors

N/A

589929VD7

07/25/03

Consent to waive the Servicing Termination Event

Issuer

For

Washington Mutual

N/A

929227SL1

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

Advantage Mortgage Loan Trust

N/A

00755WHN9

08/06/03

Consent to early termination of the Trust

Issuer

For

WorldCOM

N/A

98157DAG1

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

WorldCOM

N/A

98157DAD8

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

WorldCOM

N/A

98155KAH5

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

WorldCOM

N/A

98155KAG7

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

WorldCOM

N/A

98157DAB2

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

WorldCOM

N/A

98157DAF3

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

Pacific Gas & Electric

N/A

694308FT9

09/23/03

Consent to proposed settlement agreement

Issuer

For

QWEST

N/A

74913EAN0

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

QWEST

N/A

74913EAH3

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

Transamerica Fin Corp.

N/A

893502BQ6

12/17/03

Consent to the amendments in the Indenture

Issuer

For

Total Return Fund II

Merrill Lynch Mortgage Investors

N/A

589929VD7

07/25/03

Consent to waive the Servicing Termination Event

Issuer

For

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

QWEST

N/A

74913EAH3

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

Total Return Fund III

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

QWEST

N/A

74913EAH3

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

Total Return Mortgage Fund

Washington Mutual

N/A

929227SL1

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

Asset-Backed Securities Portfolio

Merrill Lynch Mortgage Investors

N/A

589929VD7

07/25/03

Consent to waive the Servicing Termination Event

Issuer

For

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

High Yield Portfolio

Valentia

N/A

XS0178927389

02/04/04

Consent to the proposed amendments in the Indenture

Issuer

For

Nextel Communications

N/A

65332VBA0

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Station Casinos, Inc.

N/A

857689AM5

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Cadmus Communications

N/A

127587AB9

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Extendicare Health

N/A

302244AC2

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Triad Hospital

N/A

89579KAB5

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Merisant Co.

N/A

58984WAA5

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Jet Equipment Trust

N/A

477122AN5

07/25/03

Consent to the amendments in the Indenture

Issuer

For

WorldCOM

N/A

98155KAJ1

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

WorldCOM

N/A

98157DAJ5

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

WorldCOM

N/A

98157DAK2

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

Hollinger Participation

N/A

435573AA8

10/17/03

Consent to implement call schedule

Issuer

For

QWEST

N/A

74913EAN0

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

QWEST

N/A

74913EAH3

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

Hollinger International

N/A

435572AE2

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Investment Grade Corporate Portfolio

Dynegy Holdings, Inc

N/A

26816LAC6

N/A

Consent to the amendments in the Indenture

Issuer

For

CMS Panhandle Holding Co.

N/A

12589YAB5

N/A

Consent to the amendments in the Indenture

Issuer

For

WorldCOM

N/A

98155KAH5

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

WorldCOM

N/A

98157DAB2

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

WorldCOM

N/A

98157DAJ5

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

QWEST

N/A

74913EAH3

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

Short-Term Portfolio

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

Pacific Gas & Electric

N/A

694308FT9

09/29/03

Consent to proposed settlement agreement

Issuer

For

SIGNATURES

[See General Instruction F]

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 FUNDS: PACIFIC INVESTMENT MANAGEMENT SERIES


By:		/s/ R. Wesley Burns
		R. Wesley Burns, Principal Executive Officer

Date: August 24, 2004

Pimco Funds N-PXAnnual report of proxy voting record