EXHIBIT 99.(e)(12)
SUPPLEMENT TO
DISTRIBUTION CONTRACT
PIMCO Funds: Pacific Investment Management Series
000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxxxx 00000
___________, 2003
PIMCO Advisors Distributors LLC
0000 Xxxxxxxx Xxxxxx
Xxxxxxxx, XX 00000
RE: PIMCO Diversified Income Fund
Dear Sirs:
This will confirm the agreement between the undersigned (the "Trust") and
PIMCO Advisors Distributors LLC (the "Distributor") as follows:
1. The Trust is an open-end management investment company organized as a
Massachusetts business trust and consisting of such separate investment
portfolios as have been or may be established by the Trustees of the Trust from
time to time. A separate series of shares of beneficial interest in the Trust is
offered to investors with respect to each investment portfolio. The PIMCO
Diversified Income Fund (the "Fund") is a separate investment portfolio of the
Trust.
2. The Trust and the Distributor have entered into an Distribution Contract
(the "Contract") dated May 5, 2000, pursuant to which the Distributor has agreed
to be the distributor of shares of the Trust.
3. As provided in paragraph 1 of the Contract, the Distributor hereby
adopts the Contract with respect to the Fund and the Distributor hereby
acknowledges that the Contract shall pertain to the Fund, the terms and
conditions of such Contract being hereby incorporated herein by reference.
4. This Supplement and the Contract shall become effective with respect to
the Fund on _______________, 2003 and shall continue in effect with respect to
the Fund for a period of more than two years from the effective date of this
Supplement only so long as such continuance is specifically approved at least
annually by (a) the Trust's Board of Trustees or by the vote of a majority of
the Trust's outstanding voting securities (as defined in the 1940 Act) and (b)
by the vote, cast in person at a meeting called for the purpose, of a majority
of the Trust's Trustees who are not parties to this Contract or "interested
persons" (as defined in the 1940 Act) of any such party. This Contract shall
terminate automatically in the event of its assignment (as defined in the 1940
Act). This Contract may, in any event, be terminated at any time without the
payment of
any penalty, by the Trust upon 60 days' written notice to the Distributor and by
the Distributor upon 60 days' written notice to the Trust.
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If the foregoing correctly sets forth the agreement between the Trust
and the Distributor, please so indicate by signing and returning to the Trust
the enclosed copy hereof.
Very truly yours,
PIMCO FUNDS: PACIFIC INVESTMENT
MANAGEMENT SERIES
By: _____________________________
Title: President and Trustee
ACCEPTED:
PIMCO ADVISORS DISTRIBUTORS LLC
By: _________________________________
Title: Managing Director
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