EX-99.906CERT


Pursuant to 18 U.S.C ss. 1350, the undersigned officer of Municipal Advantage
Fund Inc. (the "Registrant"), hereby certifies, to the best of his knowledge,
that the Registrant's report on Form N-CSR for the period ended October 31, 2003
(the "Report") fully complies with the requirements of Section 13(a) or 15(d),
as applicable, of the Securities Exchange Act of 1934, as amended, and that the
information contained in the Report fairly presents, in all material respects,
the financial condition and results of operations of the Registrant.

Dated: January 2, 2004

By /s/ Brian S. Shlissel
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Brian S. Shlissel
President and Chief Executive Officer

A signed original of this written statement required by Section 906, or other
document authenticating, acknowledging, or otherwise adopting the signature that
appears in typed form within the version of this written statement required by
Section 906, has been provided to Municipal Advantage Fund Income and will be
retained by Municipal Advantage Fund Inc. and furnished to the Securities and
Exchange Commission or its staff upon request.

This certification is being furnished solely pursuant to 18 U.S.C. ss 1350 and
is not being filed as part of the Report or as a separate disclosure document.


Pursuant to 18 U.S.C ss. 1350, the undersigned officer of Municipal Advantage
Fund Inc. (the "Registrant"), hereby certifies, to the best of his knowledge,
that the Registrant's report on Form N-CSR for the period ended October 31, 2003
(the "Report") fully complies with the requirements of Section 13(a) or 15(d),
as applicable, of the Securities Exchange Act of 1934, as amended, and that the
information contained in the Report fairly presents, in all material respects,
the financial condition and results of operations of the Registrant.

Dated: January 2, 2004

By /s/ Lawrence G. Altadonna
- ----------------------------
Lawrence G. Altadonna
Treasurer

A signed original of this written statement required by Section 906, or other
document authenticating, acknowledging, or otherwise adopting the signature that
appears in typed form within the version of this written statement required by
Section 906, has been provided to Municipal Advantage Fund Inc. and will be
retained by Municipal Advantage Fund Inc. and furnished to the Securities and
Exchange Commission or its staff upon request.

This certification is being furnished solely pursuant to 18 U.S.C. ss 1350 and
is not being filed as part of the Report or as a separate disclosure document.