Exhibit 9.32 Nicholas-Applegate Mutual Funds 600 West Broadway, 30th Floor San Diego, CA 92101 PFPC Inc. 103 Bellevue Parkway Wilmington, Delaware 19809 Ladies and Gentlemen: Reference is made to the Accounting Services Agreement between us dated as...

                                                                    Exhibit 9.32


                         Xxxxxxxx-Xxxxxxxxx Mutual Funds
                          000 Xxxx Xxxxxxxx, 00xx Xxxxx
                              Xxx Xxxxx, XX  00000

____________, 1997

PFPC Inc.
000 Xxxxxxxx Xxxxxxx
Xxxxxxxxxx, Xxxxxxxx  00000

Ladies and Gentlemen:

     Reference is made to the Accounting Services Agreement between us dated as
of April 1, 1993 (the "Agreement").

     Pursuant to Section 2 of the Agreement, we wish to add the following series
to the Agreement:

Xxxxxxxx-Xxxxxxxxx Global Blue Chip Fund
Xxxxxxxx-Xxxxxxxxx Emerging Markets Bond Fund

     Please indicate your acceptance of this addition by signing the letter
below and returning a copy to us.  Thank you for your assistance regarding this
matter.

Sincerely,



E. Xxxxx Xxxxx, Jr.
Secretary

APPOINTMENT ACCEPTED:

PFPC INC.


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