Editor's Advisory/Photo Opportunity

PIMCO Employees Donate $50,000 To Favorite Charities In Lieu of Holiday Party, Employees Selected Favorite Charities


NEWPORT BEACH, Calif., Dec.17, 1999 (PRIMEZONE) --


     Who:    Employees of PIMCO (NYSE:PA) (Pacific Investment
             Management Company)
  
     What:   $50,000 In Holiday Donations To Employees'
             Favorite Charities 
  
     When:   3:30 p.m., Today, Dec. 17, 1999
  
     Where:  Outside Plaza between 1200 -1400 Newport Center
             Drive, Newport Beach 
  
     Why:    Instead Of A Holiday Party, Employees Will Donate
             The Costs Of A Party To Charities. Employees
             Nominated 42 Charities, Voted To Select 10
             Recipients of $5,000 Each From A List Of 15
             Charities.
  
     How:    10 Charities Receiving $5,000 Each Will Be
             Announced Today; Charity Representatives To
             Receive Checks During Ceremony   
  
CONTACT:     Mark Porterfield,
             PIMCO
             (949) 720-6397 
             or at the ceremony 
             Steve Hawkins/Sitrick And Company
             (310) 788-2850

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