<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>auditletterncv.txt
<DESCRIPTION>AUDIT LETTER
<TEXT>


Report of Independent Registered Public Accounting Firm




To the Board of Trustees and Shareholders
of Nicholas-Applegate Convertible & Income Fund


In planning and performing our audit of the financial statements of
Nicholas-Applegate Convertible & Income Fund ("the Company") as of and
for the year ended February 28, 2007, in accordance with the standards
of the Public Company Accounting Oversight Board (United States), we
considered the Company's internal control over financial reporting,
including control activities for safeguarding securities, as a basis
for designing our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements
of Form N-SAR, but not for the purpose of expressing an opinion on the
effectiveness of the Company's internal control over financial
reporting.  Accordingly, we do not express an opinion on the
effectiveness of the Company's internal control over financial
reporting.

The management of the Company is responsible for establishing and
maintaining effective internal control over financial reporting.  In
fulfilling this responsibility, estimates and judgments by management
are required to assess the expected benefits and related costs of
controls.  A company's internal control over financial reporting is a
process designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted
accounting principles.  Such internal control over financial reporting
includes policies and procedures that provide reasonable assurance
regarding prevention or timely detection of unauthorized acquisition,
use or disposition of a company's assets that could have a material
effect on the financial statements.

Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements.  Also, projections
of any evaluation of effectiveness to future periods are subject to the
risk that controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or
procedures may deteriorate.

A control deficiency exists when the design or operation of a control
does not allow management or employees, in the normal course of
performing their assigned functions, to prevent or detect misstatements
on a timely basis.  A significant deficiency is a control deficiency,
or combination of control deficiencies, that adversely affects the
company's ability to initiate, authorize, record, process or report
external financial data reliably in accordance with generally accepted
accounting principles such that there is more than a remote likelihood
that a misstatement of the company's annual or interim financial
statements that is more than inconsequential will not be prevented or
detected.  A material weakness is a control deficiency, or combination
of control deficiencies, that results in more than a remote likelihood
that a material misstatement of the annual or interim financial
statements will not be prevented or detected.

Our consideration of the Company's internal control over financial
reporting was for the limited purpose described in the first paragraph
and would not necessarily disclose all deficiencies in internal control
over financial reporting that might be significant deficiencies or
material weaknesses under standards established by the Public Company
Accounting Oversight Board (United States).  However, we noted no
deficiencies in the Company's internal control over financial reporting
and its operation, including controls for safeguarding securities, that
we consider to be material weaknesses as defined above as of February
28, 2007.

This report is intended solely for the information and use of
management and the Board of Trustees of Nicholas-Applegate Convertible
& Income Fund and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than these
specified parties.



PricewaterhouseCoopers LLP
New York, New York
April 25, 2007







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