<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>c29840_ncsr.txt
<TEXT>
                                EXPLANATORY NOTE
                                ----------------


The Form N-CSR, accession number 0000930413-04-000005, which was filed on
January 2, 2004, does not pertain to PIMCO Municipal Income Fund II. It was
submitted in error and is to be disregarded.

--------------------------------------------------------------------------------

</TEXT>
</DOCUMENT>
