Exhibit (e)(2)
SUPPLEMENT TO DISTRIBUTION CONTRACT
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PIMCO Funds: Multi-Manager Series
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April 3, 2000
PIMCO Funds Distributors LLC
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Re: PIMCO Global Innovation Fund
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Ladies and Gentlemen:
This will confirm the agreement between the undersigned (the "Trust") and
PIMCO Funds 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. Up to six separate classes of shares of beneficial interest in
the Trust are offered to investors with respect to each investment portfolio.
PIMCO Global Innovation Fund (the "Fund") is a separate investment portfolio of
the Trust.
2. The Trust and the Distributor have entered into an Amended and
Restated Distribution Contract (the "Contract") dated April 8, 1998, pursuant to
which the Distributor has agreed to be the distributor of shares of beneficial
interest in the Trust.
3. In accordance with paragraph 1 of the Contract, the Trust and the
Distributor hereby designate the Fund as an additional investment portfolio to
which the Contract pertains and adopt the Contract with respect to the Fund, the
terms and conditions of the Contract being hereby incorporated herein by
reference.
4. This Supplement and the Contract shall become effective with
respect to the Fund on April 3, 2000 and shall remain in full force and effect
continuously as to the Fund and a class of shares thereof (unless terminated
automatically as set forth in Section 17 of the Contract) until terminated:
(a) Either by the Fund or such class or the Distributor by not more than
sixty (60) days' nor less than thirty (30) days' written notice delivered or
mailed by registered mail, postage prepaid, to the other party; or
(b) Automatically as to the Fund or class thereof at the close of
business one year from the date hereof, or upon the expiration of one year from
the effective date of the last continuance of the Contract, whichever is later,
if the continuance of the Contract is not specifically approved at least
annually by the Trustees of the Trust or the shareholders of the Fund or such
class by the affirmative vote of a majority of the outstanding shares of the
Fund or such class, and by a majority of the Trustees of the Trust who are not
interested persons of the Trust and who have no direct or indirect financial
interest in the operation of the Plans (as defined in the Contract) or the
Contract by vote cast in person at a meeting called for the purpose of voting on
such approval.
Action by the Fund or a class thereof under (a) above may be taken either
(i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a
majority of the outstanding shares of the Fund or such class. The requirement
under (b) above that the continuance of this Contract be "specifically approved
at least annually" shall be construed in a manner consistent with the 1940 Act
and the rules and regulations thereunder.
Termination of this Addendum and the Contract pursuant to this section
shall be without the payment of any penalty.
If the Contract is terminated or not renewed with respect to the Fund or
any other investment portfolio of the Trust or class of shares thereof, it may
continue in effect with respect to any Fund or any class thereof as to which it
has not been terminated (or has been renewed).
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: Multi-Manager Series
By:
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Title:
ACCEPTED:
PIMCO Funds Distributors LLC
By:
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Title: