CERTIFICATION PURSUANT TO RULE 30A-2(B) UNDER THE 1940 ACT AND SECTION 906 OF
                             THE SARBANES-OXLEY ACT

I,  James  D.  Dondero,  Chief  Executive  Officer  of  Highland  Floating  Rate
Advantage Fund (the "Registrant"), certify that:

        1.    The Form N-CSR of the  Registrant  (the  "Report")  fully complies
              with the  requirements of Section 13(a) or 15(d) of the Securities
              Exchange Act of 1934, as amended; and

        2.    The information  contained in the Report fairly  presents,  in all
              material  respects,   the  financial   condition  and  results  of
              operations of the Registrant.


Date:    APRIL 26, 2006                       /S/ JAMES D. DONDERO
     -------------------------       -------------------------------------------
                                     James D. Dondero, Chief Executive Officer
                                     (principal executive officer)


I, M. Jason  Blackburn,  Chief  Financial  Officer  of  Highland  Floating  Rate
Advantage Fund (the "Registrant"), certify that:

        1.    The Form N-CSR of the  Registrant  (the  "Report")  fully complies
              with the  requirements of Section 13(a) or 15(d) of the Securities
              Exchange Act of 1934, as amended; and

        2.    The information  contained in the Report fairly  presents,  in all
              material  respects,   the  financial   condition  and  results  of
              operations of the Registrant.


Date:    APRIL 26, 2006                       /S/ M. JASON BLACKBURN
     -------------------------       -------------------------------------------
                                     M. Jason Blackburn, Chief Financial Officer
                                     (principal financial officer)