Nicholas-Applegate Mutual Funds 600 West Broadway 30th Floor San Diego, CA 92101 December 27, 1996 PFPC Inc. 103 Bellevue Parkway Wilmington, Delaware 19809 Ladies and Gentlemen: Reference is made to the Accounting Services Agreement between us dated...

                                                                    Exhibit 9.26


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

December 27, 1996

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
Portfolios to the Agreement:

XXXXXXXX-XXXXXXXXX LARGE CAP GROWTH INSTITUTIONAL PORTFOLIO
XXXXXXXX-XXXXXXXXX INTERNATIONAL CORE GROWTH INSTITUTIONAL PORTFOLIO
XXXXXXXX-XXXXXXXXX INTERNATIONAL CORE GROWTH QUALIFIED PORTFOLIO
XXXXXXXX-XXXXXXXXX INTERNATIONAL CORE GROWTH PORTFOLIO A
XXXXXXXX-XXXXXXXXX INTERNATIONAL CORE GROWTH PORTFOLIO B

          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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