<DOCUMENT>
<TYPE>EX-99. (S) (2)
<SEQUENCE>4
<FILENAME>dex99s2.txt
<DESCRIPTION>POWER OF ATTORNEY FOR STEPHEN TREADWAY
<TEXT>
<PAGE>

                                                                     Exhibit s.2


                                POWER OF ATTORNEY

     I, the undersigned Trustee of PIMCO Floating Rate Income Fund (the
"Trust"), hereby severally constitute and appoint each of Newton B. Schott, Jr.,
Brian S. Shlissel, Joseph B. Kittredge, Jr. and David C. Sullivan, and each of
them singly, with full powers of substitution and resubstitution, my true and
lawful attorney, with full power to him to sign for me, and in my name and in
the capacities indicated below, any Registration Statement of the Trust on Form
N-2, all Pre-Effective Amendments to any such Registration Statement of the
Trust, any and all subsequent Post-Effective Amendments to said Registration
Statement, any and all supplements or other instruments in connection therewith,
and any subsequent Registration Statements for the same offering which may be
filed under Rule 462(b), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission and the securities regulators of the appropriate states and
territories, and generally to do all such things in my name and on my behalf in
connection therewith as said attorney deems necessary or appropriate to comply
with the Securities Act of 1933, the Investment Company Act of 1940, all related
requirements of the Securities and Exchange Commission and of the appropriate
state and territorial regulators, granting unto said attorney full power and
authority to do and perform each and every act and thing requisite or necessary
to be done in connection therewith, as fully to all intents and purposes as he
might or could do in person, hereby ratifying and confirming all that said
attorney lawfully could do or cause to be done by virtue hereof.

Name                           Capacity                      Date
----                           --------                      ----

/s/ Stephen J. Treadway        Trustee                 September 3, 2003
------------------------
Stephen J. Treadway

</TEXT>
</DOCUMENT>
