EXHIBIT 99.2
     
                                   AMENDMENT TO THE 
                         THOMSON ADVISORY GROUP L.P.
                             1993 UNIT OPTION PLAN
                         ----------------------------


        WHEREAS, PIMCO Advisors L.P. (formerly called Thomson Advisory Group 
L.P.) sponsors the Thomson Advisory Group L.P. 1993 Unit Option Plan (the 
"Plan"); and      

        WHEREAS, Section 10 of the Plan provides that the Board of Directors of 
the general partner of PIMCO Advisors L.P. may amend the Plan; and

        WHEREAS, the Operating Board and the Equity Board of PIMCO Advisors L.P.
have delegated to the Unit Incentive Committee of the Equity Board of PIMCO 
Advisors L.P. the administration of the incentive plans of PIMCO Advisors L.P.; 
and

        WHEREAS, the PIMCO Advisors L.P. desires to amend the Plan in various 
ways;

        Now, therefore, be it resolved by the Equity Board of PIMCO Advisors 
L.P. that effective as of November 16, 1994, the Plan be and it hereby is 
amended as follows:

        1. The name of the Plan shall be changed to PIMCO Advisors L.P. 1993 
Class A LP Unit Option Plan wherever it appears.

        2. The term "Units" as defined in the Plan shall refer to Class A Units 
of limited partner interest in PIMCO Advisors L.P.

        3. The term "Committee" as defined in the Plan shall refer to the Unit 
Incentive Committee of the Equity Board of PIMCO Advisors L.P.

        4. The term "Board" as defined in the Plan shall refer to the Equity 
Board of PIMCO Advisors L.P.

      and further resolved that, for any options outstanding on the date hereof 
for which the optionee does not execute an amending agreement in the form 
previously approved, it is hereby determined, pursuant to Section 8 of the Plan,
that such options shall be exercisable for Class A Units of Limited Partner 
Interest in PIMCO Advisors L.P.