Edgar Filing: PIMCO Floating Rate Strategy Fund

	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549	OMB APPROVAL
		OMB Number: 3235-0578 Expires: May 31, 2007 Estimated average burden hours per response........20.00


	FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number		811-21601

PIMCO Floating Rate Strategy Fund
(Exact name of registrant as specified in charter)

1345 Avenue of the Americas New York, New York			10105
(Address of principal executive offices)			(Zip code)

Lawrence G. Altadonna – 1345 Avenue of the Americas New York, New York 10105
(Name and address of agent for service)

Registrant's telephone number, including area code:		212-739-3371

Date of fiscal year end:	7/31/07

Date of reporting period:	10/31/06

Form N-Q is to be used by the registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b 1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

PIMCO Floating Rate Strategy Fund Schedule of Investments
October 31, 2006 (unaudited)

Principal
Amount
(000)			Value*

SENIOR LOANS (a)(b)(c)—74.9%
Aerospace—1.1%
$	6,253	K & F Industries, Inc., 7.32%, 11/18/12, Term B	$	6,283,189
		Standard Aero Holdings, Inc., Term B,
315		7.57%, 8/24/12	315,405
1,574		7.58%, 8/30/12	1,577,025
3,148		7.63%, 8/24/12	3,154,051
3,000		Transdigm Group, Inc., 7.389%, 6/23/13, Term B	3,022,125
			14,351,795
Airlines—1.1%
8,000		Northwest Airlines Corp., 7.90%, 8/22/08 (e)	7,980,000
		United Airlines, Inc.,
746		9.125%, 1/9/11, Term DD	759,309
5,224		9.25%, 2/1/12, Term B (f)	5,319,084
			14,058,393
Apparel & Textiles—0.3%
1,000		Hanesbrands, Inc., 7.688%, 10/15/13, Term B	1,009,750
		Simmons Co., Term C,
915		7.125%, 12/19/11	921,792
931		7.375%, 12/19/11	938,058
538		7.625%, 12/19/11	542,230
199		7.813%, 12/19/11	200,625
			3,612,455
Automotive—0.9%
		Dura Operating Corp.,
1,333		9.07%, 4/28/11	1,150,000
667		9.109%, 4/30/11	575,000
		Hertz Corp.,
556		5.39%, 12/21/12	560,347
284		7.61%, 12/21/12, Term B	286,205
3,773		7.62%, 12/21/12, Term B	3,805,410
462		7.70%, 12/21/12, Term B	466,362
1,901		7.73%, 12/21/12, Term B	1,917,426
		Lear Corp.,
2,100		7.867%, 3/23/12	2,095,844
900		7.904%, 3/23/12	898,219
			11,754,813
Automotive Products—4.8%
8,722		Affinia Group, 8.376%, 11/30/11, Term B	8,768,447
		Cooper Standard Automotive, Inc.,
3,419		7.875%, 12/31/11, Term B	3,426,117
6,341		7.875%, 12/31/11, Term C	6,355,297
		Delphi Corp.,
1,500		8.125%, 10/8/07, Term A	1,515,000
6,743		13.75%, 6/14/11	6,994,573
6,000		Fed Mogul Corp., 7.375%, 11/23/06, Term B	6,015,936
		Goodyear Tire & Rubber Co.,
10,500		8.14%, 4/30/10	10,597,503
2,000		8.89%, 4/1/11	2,006,428
6,175		Polypore, Inc., 8.32%, 11/12/11, Term B	6,223,641

Principal
Amount
(000)				Value*

Automotive Products—(continued)
			Tenneco Automotive, Inc.,
$	1,141		7.311%, 12/12/10, Term B1	$	1,147,733
2,610			7.40%, 12/12/10, Term B	2,625,153
5,895			TRW Automotive, Inc., 6.75%, 10/31/10, Term E	5,890,703
				61,566,531
Banking—0.6%
			Aster Co., Ltd.,
€		2,800	6.060%, 9/19/13, Term B	3,597,235
$	2,137		7.872%, 9/19/13, Term B1	2,151,416
2,214			8.372%, 9/19/14, Term C1	2,239,689
				7,988,340
Building/Construction—2.0%
			Masonite International Corp., Term B,
63			7.367%, 4/6/13	61,457
9,787			7.38%, 4/6/13	9,583,082
9,310			Nortek, Inc., 7.32%, 8/27/11	9,298,362
6,967			UGS Corp., 7.126%, 3/31/12, Term B	6,968,932
				25,911,833
Chemicals—5.8%
			Basell NV,
€		39	4.559%, 9/15/13, Term B1-2	49,746
€		57	5.00%, 9/15/13, Term B4-2	73,566
€		149	5.558%, 9/15/13, Term B	192,041
€		861	5.558%, 9/15/13, Term B1	1,110,034
€		129	5.558%, 9/15/13, Term B4	166,660
€		230	5.558%, 9/15/13, Term B5	296,048
€		406	5.704%, 9/15/13, Term B6	524,009
€		1,199	5.804%, 9/15/13, Term B	1,546,602
€		937	5.804%, 9/15/13, Term B4	1,208,122
€		1,174	6.308%, 9/15/14, Term C	1,520,698
€		449	6.308%, 9/15/14, Term C4	581,448
€		236	6.308%, 9/15/14, Term C5	306,032
€		185	6.454%, 9/15/14, Term C6	239,537
€		673	6.554%, 9/15/14, Term C	871,695
€		1,819	6.554%, 9/15/14, Term C4	2,357,179
€		2,000	Brenntag AG, 6.029%, 12/23/13, Term B5	2,473,734
$	9,606		Celanese AG, 7.367%, 4/6/11, Term B	9,670,846
4,000			Chart Industries, 7.438%, 10/14/12, Term B	4,012,500
4,000			Cognis BV, 8.17%, 5/12/12, Term B1 (e)	4,027,500
€		2,794	Cognis Deutschland GMBH, 5.346%, 5/12/11, Term A	3,565,400
$	3,000		Georgia Gulf Corp., 7.32%, 11/30/13	3,018,126
			Hercules, Inc., Term B,
52			6.867%, 10/8/10	52,516
1,311			6.87%, 10/8/10	1,312,893
4,713			Huntsman International LLC, 7.07%, 8/10/12	4,715,597
5,000			INEOS Group Ltd., 7.611%, 10/7/12, Term A4	5,040,625
			INEOS Holdings Ltd.,
2,000			7.611%, 10/7/13, Term B1	2,019,766
2,000			8.111%, 10/7/14, Term C1	2,028,516

Principal
Amount
(000)				Value*

Chemicals—(continued)
			Innophos, Inc., Term B,
$	1,359		7.57%, 8/13/10	$	1,365,352
1,521			7.58%, 8/15/11	1,528,149
5,472			KRATON Polymers Group LLC, 7.375%, 5/11/13	5,496,442
			Nalco Co., Term B,
2,467			7.08%, 11/1/10	2,476,541
2,881			7.23%, 11/4/10	2,892,935
2,442			7.30%, 11/1/10	2,452,020
2,955			Niagara Holdings, Inc., 7.375%, 2/11/12, Term B	2,967,928
2,220			VWR International, Inc., 7.63%, 4/7/11, Term B	2,225,841
				74,386,644
Commercial Products—1.6%
3,385			Alliance Laundry Holdings LLC, 7.57%, 1/27/12, Term B	3,409,520
			iPayment, Inc.,
388			7.32%, 12/27/12	388,350
1,602			7.62%, 12/27/12	1,601,650
			Rexel S.A.,
3,500			7.862%, 11/3/13, Term B1	3,526,058
3,500			8.591%, 4/18/14, Term C1	3,539,511
			Sigmakalon,
€		985	5.491%, 6/30/12, Term A	1,256,011
€		2,500	5.991%, 9/19/12, Term B1	3,216,125
€		1,829	6.491%, 9/19/13, Term C	2,362,532
€		671	6.491%, 9/19/13, Term C1	867,314
				20,167,071
Computer Services—1.4%
$	5,603		PanAmSat Corp., 7.497%, 6/30/11, Term A	5,618,427
11,850			SunGard Data Systems, Inc., 7.999%, 2/11/13	11,975,409
				17,593,836
Computer Software—0.7%
			Infor Global Solutions,
3,943			9.08%, 8/1/12	3,978,177
2,057			9.08%, 8/1/12, Term DD	2,089,286
			Spectrum Brands Corp., Term B,
328			8.39%, 2/6/12	329,574
711			8.39%, 2/7/12	713,697
1,298			8.40%, 2/6/12	1,303,808
				8,414,542
Consumer Products—2.5%
			Eastman Kodak Co., Term B,
1,911			7.439%, 10/18/12	1,916,344
676			7.57%, 10/18/12	677,365
2,851			7.60%, 10/18/12	2,858,151
1,380			7.639%, 10/18/12	1,383,642
690			7.64%, 10/18/12	691,821
6,742			Education Management Corp., 7.875%, 5/23/13, Term B	6,796,094
9,462			Jarden Corp., 7.367%, 1/24/12, Term B1	9,491,123
3,000			National Mentor, Inc., 5.00%, 6/30/12 (e)	3,015,000

Principal
Amount
(000)				Value*

Consumer Products—(continued)
			Rayovac Corp., Term B,
$	566		7.61%, 2/6/12	$	568,539
3,571			8.37%, 2/6/12	3,585,472
470			8.39%, 2/7/12	472,027
909			8.44%, 2/7/12	912,666
				32,368,244
Containers & Packaging—3.0%
			Graham Packaging Co., Term B,
5,889			7.625%, 10/7/11	5,923,988
3,939			7.875%, 10/7/11	3,962,626
7,303			Horizon Lines LLC, 7.62%, 7/7/11	7,337,183
			Intertape Polymer Group, Inc., Term B,
436			7.62%, 7/28/11	436,790
2,984			7.64%, 7/28/11	2,987,642
			JSG Packaging,
€		274	5.741%, 11/29/13, Term B	352,590
€		75	5.754%, 1/12/13, Term B	96,517
€		154	5.835%, 1/12/13, Term B	198,672
€		89	5.85%, 1/12/13, Term B	114,257
€		408	5.964%, 1/12/13, Term B	524,285
€		274	6.241%, 11/29/14, Term C	353,676
€		154	6.335%, 1/12/14, Term C	199,284
€		88	6.35%, 1/12/14, Term C	114,257
€		408	6.464%, 1/12/14, Term C	524,285
€		75	6.494%, 1/12/14, Term C	96,517
$	2,250		7.745%, 11/29/13, Term B	2,266,747
2,250			8.245%, 11/29/14, Term C	2,266,747
			Smurfit-Stone Container,
1,528			5.234%, 11/1/10	1,539,399
2,573			7.625%, 11/1/11, Term B	2,592,558
1,187			7.625%, 11/1/10, Term C	1,195,770
844			7.625%, 11/1/11, Term C1	849,888
2,792			7.688%, 11/1/11, Term B	2,812,507
2,506			7.688%, 11/1/11, Term C	2,524,056
3			Solo Cup Co., 5.42%, 2/27/11, Term B	2,541
				39,272,782
Diversified Manufacturing—0.3%
			Invensys PLC,
959			5.446%, 7/17/13, Term Y1	963,099
1,041			7.398%, 7/17/13, Term Z1	1,045,651
			Linpac Mouldings Ltd.,
1,016			8.249%, 4/16/12, Term B1	1,023,744
1,277			8.749%, 4/16/12, Term C1	1,293,642
				4,326,136

Principal
Amount
(000)				Value*

Drugs & Medical Products—0.5%
			Warner Chilcott PLC,
$	697		7.867%, 1/4/12	$	701,832
985			7.867%, 1/18/12	988,436
1,527			7.867%, 1/18/12, Term B	1,536,824
1,018			7.867%, 1/18/12, Term C	1,024,706
2,182			7.968%, 1/18/12, Term B	2,195,492
				6,447,290
Electronics—1.4%
8,000			Sanmina-SCI Corp., 7.88%, 1/31/08	8,028,000
			Sensata Technologies, Inc.,
11			7.117%, 4/21/13	10,475
987			7.13%, 4/21/13	982,193
9,000			Spansion, Inc., 5.00%, 10/30/12, Term B	9,053,442
				18,074,110
Energy—3.3%
			Alon USA Energy, Inc.,
665			7.824%, 6/8/13, Term DD	672,066
5,320			7.931%, 6/8/13	5,376,525
			Covanta Energy Corp.,
1,041			5.371%, 6/24/12	1,050,623
81			7.57%, 6/30/12, Term B	82,079
998			7.621%, 6/30/12	1,007,059
665			7.621%, 6/30/12, Term B	670,799
1,950			10.871%, 5/12/13, Term DHC	1,984,312
			Edison Midwest, Term B,
2,359			6.87%, 4/27/11	2,363,710
1,747			7.24%, 4/27/11	1,750,531
1,908			7.31%, 4/27/11	1,911,981
			Headwaters, Inc., Term B,
1,336			7.33%, 4/30/11	1,334,561
9,760			7.38%, 4/30/11	9,750,805
			NRG Energy, Inc.,
557			7.367%, 2/1/13	560,586
2,431			7.367%, 2/1/13, Term B	2,446,494
			Targa Resources, Inc.,
774			5.242%, 10/31/11	778,930
3,000			7.617%, 10/31/07	3,018,750
24			7.617%, 10/31/12, Term B	24,332
2,193			7.626%, 10/31/12, Term B	2,206,970
976			7.65%, 10/31/12, Term B	981,787
			Weather Investments SARL (e),
€		1,000	5.505%, 6/17/12, Term A	1,275,712
€		1,000	6.298%, 6/17/13, Term B	1,279,541
€		1,000	6.798%, 6/17/14, Term C	1,285,923
				41,814,076
Entertainment—1.9%
$	2,481		AMC Entertainment, Inc., 7.445%, 1/5/13	2,504,060
13,933			MGM Studios, 8.617%, 4/8/12, Term B	13,776,993

Principal
Amount
(000)			Value*

Entertainment—(continued)
		Warner Music Group, Inc., Term B,
$	351	7.309%, 2/28/11	$	352,343
2,166		7.32%, 2/28/11	2,176,897
555		7.374%, 2/28/11	558,111
1,094		7.376%, 2/28/11	1,099,478
3,332		7.40%, 2/28/11	3,348,665
347		7.409%, 2/28/11	348,819
			24,165,366
Financial Services—1.3%
5,126		Global Cash Access LLC, 9.00%, 3/10/10, Term B	5,125,906
12,000		Nielson Finance, 8.19%, 8/8/13, Term B	12,057,192
			17,183,098
Food Services—1.6%
		Arby’s Restaurant Group, Inc., Term B,
7,511		7.617%, 7/25/12	7,545,593
2,690		7.626%, 7/25/12	2,701,842
210		7.735%, 7/25/12	210,557
5,736		Dominos, Inc., 6.875%, 6/25/10, Term B	5,740,687
		Michael Foods, Inc., Term B,
10		7.370%, 11/21/10	9,687
286		7.387%, 11/21/10	287,010
10		7.511%, 11/21/10	9,687
3,560		7.553%, 11/21/10	3,568,247
			20,073,310
Funeral Services—0.4%
		Alderwoods Group, Inc., Term B,
1,866		7.32%, 9/17/08	1,868,605
1,834		7.33%, 9/17/08	1,836,286
1,497		7.33%, 9/17/09	1,499,085
			5,203,976
Healthcare & Hospitals—3.4%
		DaVita, Inc., Term B,
384		7.11%, 5/16/12	386,471
2,497		7.37%, 10/5/12	2,512,061
886		7.38%, 10/5/12	891,856
1,440		7.40%, 10/5/12	1,449,266
8,547		7.51%, 10/5/12	8,598,979
1,617		7.69%, 5/16/12	1,626,708
739		7.69%, 10/5/12	743,213
10,972		HealthSouth Corp., 8.62%, 2/2/13	11,030,413
3,000		MultiPlan, Inc., 7.85%, 4/12/13, Term B	3,007,500
		Psychiatric Solutions, Inc., Term B,
2,096		7.07%, 7/7/12	2,100,084
2,096		7.249%, 7/7/12	2,100,084
9,903		Renal Advantage, Inc., 7.89%, 10/6/12, Term B	9,983,532
			44,430,167

Principal
Amount
(000)			Value*

Hotels/Gaming—2.1%
		Aladdin Gaming, Inc.,
$	4,560	8.372%, 8/31/10, Term A	$	4,461,159
107		9.537%, 8/31/10, Term B	104,804
		MotorCity Casino, Term B,
6,496		7.367%, 7/21/12	6,499,261
670		7.39%, 7/21/12	670,724
1,732		7.40%, 7/21/12	1,733,136
		Penn National Gaming, Inc., Term B,
1,238		7.02%, 5/26/12	1,246,230
120		7.12%, 5/26/12	120,780
2,629		7.13%, 5/26/12	2,646,180
862		7.24%, 5/26/12	867,420
1,091		7.25%, 5/26/12	1,098,000
4,266		Resorts International, Inc., 9.33%, 3/22/12, Term B	4,291,327
3,393		Venetian Casino, 7.12%, 2/22/12, Term B	3,405,358
			27,144,379
Machinery—0.7%
5,554		Agco Corp., 7.117%, 6/15/09, Term B	5,582,040
		Mueller Industries, Inc., Term B,
1,524		7.32%, 9/28/12	1,534,127
254		7.367%, 9/28/12	255,974
476		7.376%, 9/28/12	479,415
503		7.477%, 9/28/12	506,262
267		7.618%, 9/28/12	268,472
			8,626,290
Manufacturing—1.5%
7,000		Bombardier, Inc., 8.13%, 6/26/13, Term B	7,000,000
2,216		Lucite International, 8.07%, 5/26/13, Term B	2,234,544
		NACCO Materials Handling Group, Inc., Term B,
622		7.28%, 3/24/13	621,445
222		7.323%, 3/24/13	221,944
1,156		7.405%, 3/24/13	1,154,111
7,771		Xerium Technologies, Inc., 7.617%, 5/18/12, Term B	7,761,421
			18,993,465
Measuring Instruments—0.1%
		Dresser Rand, Term B,
136		7.367%, 10/29/11	136,390
872		7.40%, 10/29/11	877,241
678		7.618%, 10/29/11	681,949
			1,695,580
Metals & Mining—0.5%
		Novelis, Inc.,
3,731		7.718%, 1/7/12, Term B	3,747,746
2,148		7.718%, 1/7/12, Term B2	2,157,793
			5,905,539
Multi-Media—7.5%
6,470		American Media Operations, Inc., 8.31%, 1/30/13	6,517,852
1,244		Atlantic Broadband, Inc., 8.14%, 8/4/12, Term B	1,260,852

Principal
Amount
(000)				Value*

Multi-Media—(continued)
			Cablevision Systems Corp., Term B,
$	2,000		7.122%, 3/29/13	$	2,000,804
2,000			7.218%, 3/29/13	2,000,804
12,500			Cebridge Connections, Inc., 7.62%, 11/6/13	12,492,187
25,000			Charter Communications Holdings LLC, 8.005%, 4/25/13, Term B	25,243,750
			CMP Susquehanna Corp., Term B,
1,526			7.375%, 5/5/13	1,529,839
1,424			7.438%, 5/5/13	1,428,046
2,965			CSC Holdings, Inc., 7.126%, 2/24/13, Term B	2,966,192
8,500			NTL Investment, 7.32%, 1/6/13, Term B (e)	8,553,125
9,405			Primedia, 7.57%, 9/30/13, Term B	9,379,136
2,040			Source Media, Inc., 7.61%, 11/8/11, Term B	2,051,859
10,840			Telecordia Technologies, Inc., 7.90%, 9/9/12, Term B	10,453,765
1,734			Thomas Media, 7.61%, 11/8/11	1,744,080
			Young Broadcasting, Inc., Term B,
71			7.875%, 11/3/12	71,260
2,250			8.00%, 5/2/12	2,248,646
7,068			8.00%, 11/3/12	7,062,648
				97,004,845
Oil & Gas—1.6%
12,000			El Paso Corp., 5.65%, 6/15/09	11,820,000
			E.ON Ruhrgas AG,
11			7.806%, 7/15/13, Term B	11,666
857			7.806%, 7/15/13, Term B (e)	869,437
11			8.306%, 7/15/14, Term C	11,666
857			8.306%, 7/15/14, Term C (e)	869,437
2,653			Kinetic Concepts, Inc., 7.12%, 8/11/10, Term B	2,660,164
3,000			Newpark Resources, Inc., 8.637%, 8/17/11	3,016,875
			Vetco International,
625			8.25%, 1/16/12, Term B	629,297
625			8.75%, 1/16/13, Term C	630,781
				20,519,323
Paper/Paper Products—1.6%
			Appleton Papers, Inc.,
808			7.64%, 6/9/10	811,809
809			7.65%, 6/11/10	812,732
			Boise Cascade Holdings LLC, Term D,
415			7.094%, 10/28/11	416,959
359			7.125%, 10/28/11	360,816
			Georgia-Pacific Corp.,
1,162			7.367%, 12/20/12, Term B	1,173,765
302			7.376%, 12/20/12, Term B	304,352
4,839			7.39%, 12/20/12, Term B	4,869,628
11,650			8.39%, 12/23/13, Term C	11,813,368
				20,563,429
Printing/Publishing—1.3%
			RH Donnelly Corp., Term D,
2,543			6.83%, 6/30/11	2,536,942
2,665			6.87%, 6/30/11	2,658,898
424			6.88%, 6/30/11	423,061
4,238			6.89%, 6/30/11	4,228,237
1,695			6.90%, 6/30/11	1,691,295
424			6.92%, 6/30/11	422,824
€		4,267	Seat Pagine Gialle SpA, 3.531%, 5/25/12, Term A	5,458,316
				17,419,573

Principal
Amount
(000)				Value*

Real Estate—0.0%
$	156		Gables Residential Trust, 7.07%, 3/30/07	$	156,098

Recreation—2.8%
			Amadeus Global Travel,
4,786			8.117%, 4/8/13, Term B	4,825,381
414			8.117%, 4/8/13, Term B2	417,461
4,786			8.617%, 4/8/14, Term C	4,843,870
414			8.617%, 4/8/14, Term C2	419,061
7,980			Cedar Fair L.P., 7.867%, 6/13/12	8,076,630
			Six Flags Theme Parks, Inc., Term B,
1,473			8.48%, 6/30/09	1,490,842
2,452			8.62%, 6/30/09	2,482,022
			Travelport (e),
595			8.367%, 8/1/13	597,363
6,072			8.367%, 8/22/13, Term CD	6,097,877
			Worldspan L.P., Term B,
210			8.11%, 2/11/10	210,327
867			8.125%, 2/11/10	867,599
394			8.15%, 2/11/10	394,363
5,122			8.188%, 2/11/10	5,126,724
131			8.25%, 2/11/10	131,455
263			8.375%, 2/11/10	262,909
				36,243,884
Retail—1.3%
8,108			Jean Coutu Group, Inc., 7.938%, 7/30/11	8,144,714
6,000			Michaels Stores, Inc., 5.00%, 10/11/13, Term 10	6,030,000
3,133			Neiman Marcus Group, Inc., 7.891%, 4/6/13	3,161,305
				17,336,019
Semi-Conductors—0.3%
4,448			On Semiconductor Corp., 7.62%, 12/3/11, Term G	4,464,007

Telecommunications—6.4%
2,290			Alliance Atlantis Communications, Inc., 6.999%, 10/19/11	2,291,916
			Centennial Cellular Communications Corp., Term B,
534			7.318%, 1/20/11	538,360
376			7.57%, 1/20/11	379,127
376			7.57%, 2/9/11	379,127
4,007			7.617%, 2/9/11 (e)	4,041,763
218			7.65%, 1/20/11	219,893
3,758			7.749%, 1/20/11	3,791,266
			Consolidated Communications, Inc., Term B,
5,166			7.367%, 10/14/11	5,182,492
1,605			7.41%, 9/18/11	1,610,379
8,978			Crown Castle International, 7.65%, 6/1/14, Term B	9,022,387
			Eircom Group PLC (e),
€		4,700	5.933%, 7/17/14, Term B	5,997,682
€		4,700	6.308%, 7/17/15, Term C	6,040,430
			Hawaiian Telcom Communications, Inc.,
$	4,900		7.62%, 4/30/12, Term A	4,890,048
4,982			7.62%, 10/31/12, Term B	4,997,782
			Mediacom Broadband LLC, Term D,
2,182			7.002%, 2/28/14	2,175,683
2,909			7.12%, 2/28/14	2,900,911
2,909			7.27%, 2/28/14	2,900,911

Principal
Amount
(000)				Value*

Telecommunications—(continued)
			Mediacomm Communications Corp., Term A,
$	604		6.33%, 3/31/10	$	594,080
968			6.62%, 3/31/10	951,793
			Nordic Telephone Co. Holdings ApS (e),
€		6,050	5.536%, 11/30/14, Term B	7,797,532
€		6,050	6.036%, 11/30/14, Term C	7,830,350
$	8,500		Qwest Corp., 6.95%, 6/30/10, Term B	8,636,000
				83,169,912
Transportation—0.5%
			Fleetpride Corp., Term B,
38			8.32%, 6/6/13	37,664
5,962			8.586%, 6/6/13	5,988,586
				6,026,250
Utilities—2.3%
			AES Corp., Term B,
3,720			6.75%, 4/30/08	3,731,725
3,720			7.50%, 8/10/11	3,731,726
5,925			Midwest Generation LLC, 7.57%, 12/31/11, Term B	5,977,768
			Reliant Energy, Inc.,
12,870			7.655%, 4/30/10, Term B2	12,908,880
3,691			7.705%, 4/30/10	3,695,631
				30,045,730
Waste Disposal—1.2%
			Allied Waste North America, Inc.,
4,499			5.323%, 1/15/12	4,507,051
1,928			7.07%, 1/15/12	1,931,011
1,836			7.13%, 1/15/12	1,839,059
5,647			7.17%, 1/15/12	5,655,104
1,928			7.21%, 1/15/12	1,930,719
				15,862,944
Wholesale—0.8%
			Roundy’s, Inc., Term B,
4,925			8.39%, 10/27/11	4,969,941
5,000			8.44%, 10/27/11	5,045,625
				10,015,566
Wire & Cable Products—2.5%
			Pirelli Cable S.A.,
€		4,000	5.566%, 6/23/13, Term B	5,124,546
€		2,500	6.066%, 6/23/14, Term C	3,210,819
			UPC Broadband Holding BV,
€		6,758	5.507%, 3/31/13, Term J1	8,634,994
€		6,758	5.509%, 12/31/13, Term K1	8,636,288
$	3,250		7.64%, 3/31/13, Term J2	3,253,916
3,250			7.64%, 12/31/13, Term K2	3,253,338
				32,113,901

			Total Senior Loans (cost—$964,283,932)	966,471,542

Principal
Amount			Credit Rating
(000)			(Moody’s/S&P)	Value*

CORPORATE BONDS & NOTES—20.7%
Airlines—0.3%
		JetBlue Airways Corp., FRN,
$	2,861	8.505%, 5/15/10, Ser. 04-2	Ba3/BB-	$	2,866,267
1,440		9.64%, 3/15/08, Ser. 04-1	Ba3/BB-	1,458,657
				4,324,924

Banking—0.5%
£	3,000	Royal Bank of Scotland PLC, 6.00%, 4/6/11 (b)(d)(f)	NR/NR	5,669,574

Chemicals—0.2%
€	2,000	Rhodia S.A., 6.242%, 10/15/13, FRN (d)(f)	B2/B-	2,551,859

Computer Services—0.5%
		SunGard Data Systems, Inc.,
$	2,000	9.125%, 8/15/13	Caa1/B-	2,085,000
4,000		9.973%, 8/15/13, FRN	Caa1/B-	4,180,000
				6,265,000

Energy—0.0%
250		Transcontinental Gas Pipe Line Corp., 6.654%, 4/15/08, FRN (d)	Ba1/BB-	250,313

Financial Services—5.8%
3,500		Chukchansi Economic Dev. Auth., 8.78%, 11/15/12, FRN (d)	B2/BB-	3,640,000
		Ford Motor Credit Co., FRN,
37,375		6.944%, 1/15/10	B1/B	35,583,542
14,000		8.466%, 11/2/07	B1/B	14,197,904
5,000		General Motors Acceptance Corp., 7.60%, 12/1/14, FRN	Ba1/BB	5,123,525
€ 6,000		Hellas Telecommunications Luxembourg V, 6.994%, 10/15/12, FRN	B1/B	7,849,554
		Universal City Florida Holding Co.,
$	2,000	8.375%, 5/1/10	B3/B-	2,025,000
6,500		10.239%, 5/1/10, FRN	B3/B-	6,719,375
				75,138,900

Healthcare & Hospitals—0.2%
4,000		Rotech Healthcare, Inc., 9.50%, 4/1/12	Caa3/CC	2,620,000

Multi-Media—3.0%
16,000		Cablevision Systems Corp., 9.87%, 4/1/09, Ser. B, FRN	B3/B+	16,840,000
		CCO Holdings LLC,
2,000		8.75%, 11/15/13	Caa1/CCC-	2,045,000
6,000		9.515%, 12/15/10, FRN	Caa1/CCC-	6,172,500
8,000		Charter Communications Holdings II LLC, 10.25%, 9/15/10	Caa2/CCC-	8,300,000
3,200		DirecTV Holdings LLC, 8.375%, 3/15/13	Ba3/BB-	3,336,000
2,000		Paxson Communications Corp., 11.624%, 1/15/13, FRN (d)	Caa2/CCC-	2,012,500
				38,706,000

Oil & Gas—1.2%
		El Paso Corp.,
5,865		6.375%, 2/1/09	B2/B	5,894,325
9,500		7.375%, 12/15/12	B2/B	9,808,750
				15,703,075

Paper/Paper Products—1.8%
2,000		Abitibi-Consolidated Finance L.P., 7.875%, 8/1/09	B2/B+	1,970,000

Principal
Amount			Credit Rating
(000)			(Moody’s/S&P)	Value*

Paper/Paper Products—(continued)
		Abitibi-Consolidated, Inc.,
$	3,000	7.75%, 6/15/11	B2/B+	$	2,692,500
8,000		8.89%, 6/15/11, FRN	B2/B+	7,760,000
4,000		Bowater, Inc., 8.39%, 3/15/10, FRN	B2/B+	4,060,000
7,000		Verso Paper Holdings LLC, 9.239%, 8/1/14, FRN (d)	B2/B+	7,105,000
				23,587,500

Telecommunications—7.2%
2,000		Cincinnati Bell, Inc., 8.375%, 1/15/14	B2/B-	2,050,000
8,750		Hawaiian Telcom Communications, Inc., 10.789%, 5/1/13, Ser. B, FRN	B3/CCC+	9,012,500
		Intelsat Subsidiary Holding Co., Ltd., FRN,
5,425		10.484%, 1/15/12	B2/B+	5,526,719
6,000		11.64%, 6/15/13 (d)	Caa1/B	6,390,000
€	6,350	Nordic Telephone Co. Holdings ApS, 8.649%, 5/1/16, FRN (d)	B2/B	8,469,541
$	9,150	Nortel Networks Ltd., 9.624%, 7/15/11, FRN (d)	B3/B-	9,493,125
5,000		Qwest Capital Funding, Inc., 7.90%, 8/15/10	B3/B	5,200,000
25,650		Qwest Communications International, Inc., 8.905%, 2/15/09, FRN	B2/B	26,195,063
6,000		Qwest Corp., 8.64%, 6/15/13, FRN	Ba2/BB	6,495,000
7,750		Rogers Wireless, Inc., 8.515%, 12/15/10, FRN	Ba2/BB+	7,934,062
5,820		Time Warner Telecom Holdings, Inc., 9.405%, 2/15/11, FRN	NR/CCC+	5,936,406
				92,702,416

		Total Corporate Bonds & Notes (cost—$264,000,222)		267,519,561

ASSET-BACKED SECURITIES—0.4%
1,092		Bear Stearns Asset Backed Securities, Inc., 5.555%, 12/25/42, FRN	Aaa/AAA	1,092,712
2,056		CIT Group Home Equity Loan Trust, 5.655%, 6/25/33, FRN	Aaa/AAA	2,061,769
1,695		Salomon Brothers Mortgage Securities VII, 5.685%, 3/25/32, FRN	NR/AAA	1,700,884

		Total Asset-Backed Securities (cost—$4,839,859)		4,855,365

MORTGAGE-BACKED SECURITIES—0.0%
209		MASTR Adjustable Rate Mortgage Trust,	Aaa/AAA
		3.786%, 11/21/34, CMO, FRN (cost—$209,463)		208,689

SHORT-TERM INVESTMENTS—4.0%
U.S. Treasury Bills (g)—1.0%
12,565		4.71%-4.96%, 11/30/06-12/14/06 (cost—$12,495,756)		12,495,756

Commercial Paper—0.8%
Banking—0.8%
3,900		Danske Corp., 5.27%, 12/27/06	NR/NR	3,868,029
5,700		Total Finance, 5.29%, 11/1/06	NR/NR	5,700,000

		Total Commercial Paper (cost—$9,568,029)		9,568,029

Corporate Notes—0.2%
Oil & Gas—0.2%
2,500		Gazprom AG, 9.125%, 4/25/07	Baa1/BBB-	2,552,750

Telecommunications—0.0%
612		Calpoint Receivable Structured Trust, 7.44%, 12/10/06 (d)	B3/NR	616,695

		Total Corporate Notes (cost—$3,167,505)		3,169,445

Principal
Amount
(000)			Value*

Repurchase Agreements—2.0%
$	20,000	Credit Suisse First Boston,
		dated 10/31/06, 5.25%, due 11/1/06,
		proceeds $20,002,917; collateralized by
		U.S. Treasury Inflation Indexed Bond, 3.375%,
		4/15/32, valued at 20,555,289 including
		accrued interest	$	20,000,000
5,937		State Street Bank & Trust Co.,
		dated 10/31/06, 4.90%, due 11/1/06,
		proceeds $5,937,808; collateralized by
		Federal Home Loan Bank, 3.875%, 9/14/07,
		valued at $6,058,422 including accrued
		interest	5,937,000

		Total Repurchase Agreements (cost—$25,937,000)	25,937,000

		Total Short-Term Investments (cost—$51,168,290)	51,170,230

Contracts/
Notional
Amount

OPTIONS PURCHASED (h)—0.0%
	Call Options—0.0%
	U.S. Treasury Notes 10 yr. Futures, Chicago Board of Trade,
3,637	strike price $113, expires 11/21/06	56,828
	U.S. Treasury Notes 5 yr. Futures, Chicago Board of Trade,
550	strike price $108.50, expires 11/21/06	8,594
		65,422

	Put Options—0.0%
	Eurodollar Futures, Chicago Mercantile Exchange,
460	strike price $91.75, expires 3/19/07	1
508	strike price $92.50, expires 12/18/06	1
1,063	strike price $92.75, expires 12/18/06	2
1,472	strike price $93, expires 12/18/06	4
256	strike price $94.25, expires 12/18/06	1
	U.S. Treasury Notes 10 yr. Futures, Chicago Board of Trade,
1,515	strike price $101 expires 11/21/06	23,672
		23,681

	Total Options Purchased (cost—$159,179)	89,103

	Total Investments before options written (cost—$1,284,660,945)—100.0%	1,290,314,490

OPTIONS WRITTEN (h)—(0.0)%
	Call Options—(0.0)%
	Swap Option 3 month LIBOR, Over the Counter,
8,600,000	strike rate 4.60%, expires 1/2/07	(1,006	)
	U.S. Treasury Notes 10 yr. Futures, Chicago Board of Trade,
1,624	strike price $111, expires 2/23/07	(329,875	)
		(330,881	)

Contracts/
Notional
Amount		Value*

	Put Options—(0.0%)
	Swap Option 3 month LIBOR, Over the Counter,
8,600,000	strike rate 5.90%, expires 1/2/07	$	(198	)
	U.S. Treasury Notes 10 yr. Futures, Chicago Board of Trade,
402	strike price $104, expires 11/21/06	(6,281		)
1,624	strike price $106, expires 2/23/07	(380,625		)
		(387,104		)

	Total Options Written (premiums received—$1,396,399)	(717,985		)

	Total Investments net of options written (cost—$1,283,264,546)—100.0%	$	1,289,596,505

Notes to the Schedule of Investments:

Portfolio securities and other financial instruments for which market quotations are readily available are stated at market value. Portfolio securities and other financial instruments for which market quotations are not readily available or if a development/event occurs that may significantly impact the value of a security, are fair-valued, in good faith, pursuant to guidelines established by the Board of Trustees, including certain fixed income securities which may be valued with reference to securities whose prices are more readily available. The Fund’s investments are valued daily using prices supplied by an independent pricing service or dealer quotations, using the last sale price on the exchange that is the primary market for such securities, or the last quoted mean price for those securities for which the over-the-counter market is the primary market or for listed securities in which there were no sales. Independent pricing services use information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. The Fund’s investments in senior floating rate loans (“Senior Loans”), for which a secondary market exists will be valued at the mean of the last available bid and asked prices in the market for such Senior Loans, as provided by an independent pricing service. Senior Loans, for which a secondary market does not exist are valued at fair-value pursuant to procedures approved by the Fund’s Board of Trustees. Such procedures include consideration and evaluation of: (1) the creditworthiness of the borrower and any intermediate participants; (2) the term of the Senior Loan; (3) recent prices in the market for similar loans, if any, (4) recent prices in the market for loans of similar quality, coupon rate, and period until next interest rate reset and maturity; and (5) general economic and market conditions affecting the fair value of the Senior Loan. Exchange traded options and futures are valued at the settlement price determined by the relevant exchange. Securities purchased on a when issued or delayed-delivery basis are marked to market daily until settlement at the forward settlement value. Short-term securities maturing in 60 days or less are valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days. The prices used by the Fund to value securities may differ from the value that would be realized if the securities were sold. The Fund’s net asset value is determined on the last business day of each week as of the close of regular trading (normally, 4:00 p.m. Eastern time) on the New York Stock Exchange (“NYSE”) on each day the NYSE is open for business.

(a)		Private Placement. Restricted as to resale and may not have a readily available market.
(b)		Illiquid security. Securities with an aggregate value of $972,141,117, which represent 75.38% of total investments are deemed illiquid.
(c)		These securities generally pay interest at rates which are periodically pre-determined by reference to a base lending rate plus a premium. These base lending rates are generally either the lending rate offered by one or more major European banks, such as the “LIBOR” or the prime rate offered by one or more major United States banks, or the certificate of deposit rate. These securities are generally considered to be restricted as the Fund is ordinarily contractually obligated to receive approval from the Agent bank and/or borrower prior to disposition. Remaining maturities of senior loans may be less than the stated maturities shown as a result of contractual or optional payments by the borrower. Such prepayments cannot be predicted with certainty.
(d)		144A Security - Security exempt from registration, under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, typically only to qualified institutional buyers. Unless otherwise indicated, these securities are not considered to be illiquid.
(e)		When-issued or delayed-delivery security. To be settled/delivered after October 31, 2006.
(f)		Fair-valued security. Securities with an aggregate value of $13,540,517 which represents 1.05% of total investments.
(g)		All or partial amount segregated as collateral for futures contracts and/or options written.
(h)		Non-income producing.

Glossary

£ - British Pound

€ - Euros

¥ - Japanese Yen

CMO - Collateralized Mortgage Obligation

FRN - Floating Rate Note. The interest rate disclosed reflects the rate in effect on October 31, 2006.

LIBOR - London Inter-Bank Offered Rate

NR - Not Rated

Other Investments:

(1) Futures contracts outstanding at October 31, 2006:

									Unrealized
								Expiration	Appreciation
Type		Contracts			Market Value			Date	(Depreciation)
Long:	Financial Future Euro – 90 day		1,189		$	283,116		12/17/07	$	595,384
	Financial Future Euro – 90 day	980			233,448			3/17/08	440,057
	Financial Future Euro – 90 day	576			137,182			6/16/08	110,700
	Financial Future Euro – 90 day	620			147,622			9/15/08	268,410
	Financial Future Euro – 90 day	306			72.836			12/15/08	288,487
	Financial Future Euro – 90 day	44			10.469			3/16/09	42,350
	Financial Future Euro – 90 day	44			10.455			6/15/09	42,900
Short:	U.S. Treasury Notes 5 yr. Futures	(550		)	(58.059		)	12/29/06	(335,156		)
	U.S. Treasury Notes 10 yr. Futures	(1,011		)	(109,409		)	12/19/06	(1,012,279		)
									$	440,853

(2) Transactions in options written for the three months ended October 31, 2006:

	Contracts/Notional		Premiums
Options outstanding, July 31, 2006	17,204,999		$	1,637,161
Options written	9,400		1,999,700
Options terminated in closing transactions	(10,749	)	(2,240,462		)
Options outstanding, October 31, 2006	17,203,650		$	1,396,399

(3) Credit default swap contracts outstanding at October 31, 2006:

					Fixed
	Notional Amount				Payments		Unrealized
Swap Counterparty/	Payable on Default			Termination	Received		Appreciation
Referenced Debt Issuer	(000)			Date	by Fund		(Depreciation)

Bank of America
Abitibi-Consolidated	$	5,000		6/20/08	2.95	%	$	16,772
Bombardier	3,500			6/20/10	3.80	%	226,070
Royal Caribbean Cruises	5,000			12/20/09	1.12	%	74,668
Williams Cos.	5,000			12/20/09	1.65	%	122,920
Bear Stearns
Abitibi-Consolidated	2,500			6/20/07	1.65	%	359
Allied Waste North America	1,500			12/20/07	1.85	%	25,718
ArvinMeritor	1,500			12/20/07	1.14	%	(592		)
Dura Automotive Systems	4,500			12/20/09	4.15	%	(2,996,121		)
Dynergy Holdings	1,500			12/20/09	2.35	%	15,098
MGM Mirage	5,000			12/20/09	1.54	%	65,091
Stone Container	1,500			12/20/09	1.76	%	(17,666		)
Stone Container	5,000			12/20/09	1.87	%	(42,674		)
Citigroup
AES	10,000			6/20/08	1.17	%	94,447
Host Marriot	5,000			12/20/09	1.70	%	148,763
Reliant Energy	5,000			12/20/09	3.20	%	183,403
Credit Suisse First Boston
Equistar Chemicals	5,000			12/20/09	2.25	%	194,521
Intelsat Bermuda	7,000			3/20/10	3.21	%	121,065
ITRAXX Europe Crossover	€		7,400	6/20/11	2.90	%	319,484
Samis	$	1,400		9/20/08	2.45	%	8,693
Samis	3,600			12/20/09	2.15	%	3,092

	Notional Amount				Fixed Rate		Unrealized
Swap Counterparty/	Payable on Default			Termination	Received by		Appreciation
Referenced Debt Issuer	(000)			Date	Portfolio		(Depreciation)
Deutsche Bank
Dow Jones CDX High Yield	$	80,000		12/20/11	7.00	%	$		1,058,880
Russian Federation	7,000			6/20/07	0.44	%	19,790
Softbank	¥		1,000,000	9/20/07	2.30	%	37,142
J.P. Morgan Chase
Nortel Network	$	3,100		9/20/07	1.43	%	21,549
NRG Energy	5,000			12/20/09	2.20	%	160,834
Owens-Brock	5,000			12/20/11	2.09	%	2,186
Lehman Securities
Boyd Gaming	5,000			12/20/09	1.65	%	9,786
Hayes Lemmerz International	5,000			12/20/09	2.50	%	125,614
HCA	5,000			12/20/09	1.55	%	(121,879			)
PanAmSat	3,000			12/20/09	3.00	%	150,852
Six Flags Theme Parks	4,000			3/20/10	2.70	%	(180,194			)
Station Casinos	5,000			12/20/09	1.45	%	(5,633			)
Stone Container	3,000			12/20/09	1.85	%	(27,373			)
TRW Automotive	5,000			12/20/09	2.05	%	226,775
Merrill Lynch
AES	3,000			12/20/09	2.60	%	124,555
ArvinMeritor	4,500			12/20/09	2.25	%	(60,960			)
Chesapeake Energy	5,000			12/20/09	1.30	%	74,068
CMS Energy	1,500			12/20/09	1.85	%	60,558
Delhaize America	5,000			12/20/09	1.07	%	84,361
Naftogaz Ukrainy	3,000			4/20/09	3.30	%	(143,529			)
Toys “R” Us	5,000			12/20/09	3.20	%	(194,140			)
Wachovia Securities
Ford Motor Credit	5,000			12/20/09	2.14	%	(367,035			)
GMAC	5,000			12/20/09	2.26	%	(180,051			)
							$	(560,733		)

(4) Interest rate swap agreements outstanding at October 31, 2006:

				Rate Type
	Notional Amount			Payments	Payments	Unrealized
	Payable on Default		Termination	Made	Received	Appreciation
Swap Counterparty	(000)		Date	by Fund	by Fund	(Depreciation)
Barclays Bank	$	265,000	6/21/25	5.70%	3 Month LIBOR	$	(13,721,435	)
Barclays Bank	265,000		6/21/25	3 Month LIBOR	5.70%	13,453,176
Deutsche Bank	190,800		12/19/08	3 Month LIBOR	5.00%	66,834
Goldman Sachs	36,300		12/19/08	3 Month LIBOR	5.00%	6,037
Lehman Securities	30,300		12/20/16	5.00%	3 Month LIBOR	(975,527		)
Lehman Securities	630,000		12/18/24	5.77%	3 Month LIBOR	(40,753,566		)
Lehman Securities	613,000		12/18/24	3 Month LIBOR	5.70%	32,606,730
UBS Securities	8,000		12/19/08	3 Month LIBOR	5.00%	3,410
UBS Securities	261,700		6/21/25	5.70%	3 Month LIBOR	(16,799,570		)
UBS Securities	255,000		6/21/25	3 Month LIBOR	5.70%	13,987,095
						$	(12,126,816	)

LIBOR—London Inter-Bank Offered Rate

The Fund received $2,000,000 par value in U.S. Treasury Bills as collateral for swap contracts.

(5) Forward foreign currency contracts outstanding at October 31, 2006:

	U.S. $ Value		U.S. $ Value		Unrealized
	Origination Date		October 31, 2006		Depreciation
Purchased:
¥ 885,500,000 settling 11/15/06	$	7,784,800	$	7,574,967	$	(209,833	)

Sold:
£ 2,985,000 settling 11/30/06	5,588,980		5,694,695		(105,715		)
€ 701,000 settling 12/5/06	892,870		896,467		(3,597		)
€ 85,801,000 settling 12/8/06	109,442,608		109,740,705		(298,097		)
					$	(617,242	)

(6) At October 31, 2006, the Fund held the following unfunded loan commitments which could be extended at the option of the borrower:

Borrower	Unfunded Commitments
Eastman Kodak	$	5,013,340
Host Marriott L.P. Revolver A	3,314,348
Host Marriott L.P. Revolver B	1,635,652
Lucite International	785,205
	$	10,748,545

Item 2. Controls and Procedures

(a) The registrant’s President and Chief Executive Officer and Principal Financial Officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-2(c) under the Investment Company Act of 1940, as amended are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no significant changes in the registrant’s internal controls or in factors that could affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Item 3. Exhibits

(a) Exhibit 99.302 Cert. – Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and 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.

Registrant: PIMCO Floating Rate Strategy Fund

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

Date: December 27, 2006

By	/s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting Officer

Date: December 27, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dated indicated.

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

Date: December 27, 2006

By	/s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting Officer

Date: December 27, 2006