================================================================================
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549

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                                   FORM N-PX

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         ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
                              INVESTMENT COMPANY

                 INVESTMENT COMPANY ACT FILE NUMBER 811-08399

                               -----------------

                        PIMCO VARIABLE INSURANCE TRUST
              (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

                               -----------------

               840 NEWPORT CENTER DRIVE, NEWPORT BEACH, CA 92660
              (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

                                BRENT R. HARRIS
                   PACIFIC INVESTMENT MANAGEMENT COMPANY LLC
                           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: 1-800-927-4648

                     DATE OF FISCAL YEAR END: DECEMBER 31

            DATE OF REPORTING PERIOD: JULY 1, 2011 - JUNE 30, 2012

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******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-08399
Reporting Period: 07/01/2011 - 06/30/2012
PIMCO Variable Insurance Trust









========================== PIMCO All Asset Portfolio ===========================


PIMCO EQS PATHFINDER INST

Ticker:                      Security ID:  72201T102
Meeting Date: OCT 24, 2011   Meeting Type: Special
Record Date:  SEP 15, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Allan B. Hubbard         For       For          Management
1.2   Elect Director Neel T. Kashkari         For       For          Management
1.3   Elect Director Peter B. McCarthy        For       For          Management


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PIMCO EQS PATHFINDER INST

Ticker:                      Security ID:  72201T102
Meeting Date: OCT 24, 2011   Meeting Type: Special
Record Date:  SEP 15, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Allan B. Hubbard         For       Withhold     Management
1.2   Elect Director Neel T. Kashkari         For       Withhold     Management
1.3   Elect Director Peter B. McCarthy        For       Withhold     Management




=============== PIMCO CommodityRealReturn(R) Strategy Portfolio ================

There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.



==================== PIMCO Emerging Markets Bond Portfolio =====================

There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.



============== PIMCO Foreign Bond Portfolio (U.S. Dollar-Hedged) ===============


DG FUNDING TRUST

Ticker:                      Security ID:  23324D201
Meeting Date: AUG 11, 2011   Meeting Type: Written Consent
Record Date:  JUL 29, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     To Provide Consent To The Proposed      For       For          Management
      Amendments


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JLOC 36 LLC

Ticker:                      Security ID:  466279AA4
Meeting Date: OCT 05, 2011   Meeting Type: Bondholder
Record Date:  SEP 15, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Bondholder Proposal:  Allow Borrower    For       For          Management
      of JCA IV Loan and Borrower of JCA VI
      Loan to Pay Fees to Asset Managers and
      to Replace Asset Managers, Each with
      Consent of Trustee Pursuant to Trust
      Deed




=================== PIMCO Foreign Bond Portfolio (Unhedged) ====================


RMAC SECURITIES NO.1 PLC

Ticker:                      Security ID:  G7604CBK6
Meeting Date: FEB 22, 2012   Meeting Type: Bondholder
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Authorise Series Note Trustee to Amend  For       For          Management
      Clause 24.1 and Waive Any Breach of
      Terms of the Series Liquidity Facility
      Agreement; Sanction Variation of
      Noteholders' Rights; Discharge Series
      Note Trustee from Any and All Liability


--------------------------------------------------------------------------------

RMAC SECURITIES NO.1 PLC

Ticker:                      Security ID:  G7604EAA5
Meeting Date: FEB 23, 2012   Meeting Type: Bondholder
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Sanction the Downgrade of the Credit    For       For          Management
      Rating of RBS by Fitch Ratings; Waive
      the Provisions of Clause 24.1 and Any
      Breach of Terms of the Sterling
      Liquidity Facility Agreement; Sanction
      Abrogation of Noteholders' Rights;
      Discharge Trustee from Any Liability




============== PIMCO Global Advantage(R) Strategy Bond Portfolio ===============

There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.



==================== PIMCO Global Bond Portfolio (Unhedged) ====================


DG FUNDING TRUST

Ticker:                      Security ID:  23324D201
Meeting Date: AUG 11, 2011   Meeting Type: Written Consent
Record Date:  JUL 29, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     To Provide Consent To The Proposed      For       For          Management
      Amendments




================ PIMCO Global Diversified Allocation Portfolio =================

There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.



============ PIMCO Global Multi-Asset Managed Volatility Portfolio =============

There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.



====================== PIMCO Global Multi-Asset Portfolio ======================


PIMCO EQS PATHFINDER INST

Ticker:                      Security ID:  72201T102
Meeting Date: OCT 24, 2011   Meeting Type: Special
Record Date:  SEP 15, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Allan B. Hubbard         For       For          Management
1.2   Elect Director Neel T. Kashkari         For       For          Management
1.3   Elect Director Peter B. McCarthy        For       For          Management


--------------------------------------------------------------------------------

PIMCO EQS PATHFINDER INST

Ticker:                      Security ID:  72201T102
Meeting Date: OCT 24, 2011   Meeting Type: Special
Record Date:  SEP 15, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Allan B. Hubbard         For       Withhold     Management
1.2   Elect Director Neel T. Kashkari         For       Withhold     Management
1.3   Elect Director Peter B. McCarthy        For       Withhold     Management


--------------------------------------------------------------------------------

PIMCO EQS EMERGING MARKETS INST

Ticker:                      Security ID:  72201T839
Meeting Date: OCT 24, 2011   Meeting Type: Special
Record Date:  SEP 15, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Allan B. Hubbard         For       For          Management
1.2   Elect Director Neel T. Kashkari         For       For          Management
1.3   Elect Director Peter B. McCarthy        For       For          Management


--------------------------------------------------------------------------------

PIMCO EQS EMERGING MARKETS INST

Ticker:                      Security ID:  72201T839
Meeting Date: OCT 24, 2011   Meeting Type: Special
Record Date:  SEP 15, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Allan B. Hubbard         For       Withhold     Management
1.2   Elect Director Neel T. Kashkari         For       Withhold     Management
1.3   Elect Director Peter B. McCarthy        For       Withhold     Management




========================== PIMCO High Yield Portfolio ==========================


DEX ONE CORPORATION

Ticker:       DEXO           Security ID:  25212W100
Meeting Date: MAY 08, 2012   Meeting Type: Annual
Record Date:  MAR 15, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Jonathan B. Bulkeley     For       For          Management
2     Elect Director Eugene I. Davis          For       For          Management
3     Elect Director Richard L. Kuersteiner   For       For          Management
4     Elect Director W. Kirk Liddell          For       For          Management
5     Elect Director Mark A. McEachen         For       For          Management
6     Elect Director Alfred T. Mockett        For       For          Management
7     Elect Director Alan F. Schultz          For       For          Management
8     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
9     Ratify Auditors                         For       For          Management


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THE ROYAL BANK OF SCOTLAND GROUP PLC

Ticker:       RBS            Security ID:  780097AU5
Meeting Date: MAY 30, 2012   Meeting Type: Annual
Record Date:  APR 20, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports
2     Approve Remuneration Report             For       For          Management
3     Elect Alison Davis as Director          For       For          Management
4     Elect Tony Di Iorio as Director         For       For          Management
5     Elect Baroness Noakes as Director       For       For          Management
6     Re-elect Sandy Crombie as Director      For       For          Management
7     Re-elect Philip Hampton as Director     For       For          Management
8     Re-elect Stephen Hester as Director     For       For          Management
9     Re-elect Penny Hughes as Director       For       For          Management
10    Re-elect Joe MacHale as Director        For       For          Management
11    Re-elect Brendan Nelson as Director     For       For          Management
12    Re-elect Art Ryan as Director           For       For          Management
13    Re-elect Bruce Van Saun as Director     For       For          Management
14    Re-elect Philip Scott as Director       For       For          Management
15    Reappoint Deloitte LLP as Auditors      For       For          Management
16    Authorise the Group Audit Committee to  For       For          Management
      Fix Remuneration of Auditors
17    Authorise Issue of Equity with          For       For          Management
      Pre-emptive Rights
18    Authorise Issue of Equity without       For       For          Management
      Pre-emptive Rights
19    Approve Sub-division and Consolidation  For       For          Management
      of Ordinary Shares
20    Amend Articles of Association Re:       For       For          Management
      Deferred Shares
21    Authorise Issue of Equity with          For       For          Management
      Pre-emptive Rights to Convert B Shares
      Into Ordinary Shares
22    Authorise Issue of Equity without       For       For          Management
      Pre-emptive Rights to Convert B Shares
      Into Ordinary Shares
23    Amend 2007 Sharesave Plan and 2007      For       For          Management
      Irish Sharesave Plan
24    Authorise the Company to Call EGM with  For       For          Management
      Two Weeks' Notice
25    Approve EU Political Donations and      For       For          Management
      Expenditure




================== PIMCO Long-Term U.S. Government Portfolio ===================

There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.



========================= PIMCO Low Duration Portfolio =========================


DG FUNDING TRUST

Ticker:                      Security ID:  23324D201
Meeting Date: AUG 11, 2011   Meeting Type: Written Consent
Record Date:  JUL 29, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     To Provide Consent To The Proposed      For       For          Management
      Amendments




========================= PIMCO Money Market Portfolio =========================

There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.



========================= PIMCO Real Return Portfolio ==========================

There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.



========================== PIMCO Short-Term Portfolio ==========================

There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.



========================= PIMCO Total Return Portfolio =========================


DG FUNDING TRUST

Ticker:                      Security ID:  23324D201
Meeting Date: AUG 11, 2011   Meeting Type: Written Consent
Record Date:  JUL 29, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     To Provide Consent To The Proposed      For       For          Management
      Amendments




======================== PIMCO Unconstrained Bond Fund =========================

There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
========== END NPX REPORT



                                  SIGNATURES

   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 Variable Insurance Trust

By:  /s/ Brent R. Harris
     Brent R. Harris, President and Chairman of the Board,
     Principal Executive Officer

Date: August 16, 2012