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<SEC-DOCUMENT>0000930413-05-007206.txt : 20051021
<SEC-HEADER>0000930413-05-007206.hdr.sgml : 20051021
<ACCEPTANCE-DATETIME>20051021104658
ACCESSION NUMBER:		0000930413-05-007206
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050831
FILED AS OF DATE:		20051021
DATE AS OF CHANGE:		20051021
EFFECTIVENESS DATE:		20051021

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIMCO NEW YORK MUNICIPAL INCOME FUND II
		CENTRAL INDEX KEY:			0001170311
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21078
		FILM NUMBER:		051148681

	BUSINESS ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS, 47TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>c39376_nq.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
</HEAD>

<BODY bgcolor="#ffffff">


<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=32% align=center>&nbsp;</TD>
	<TD width=42% align=center nowrap>
<B><FONT size=2 face="serif">UNITED STATES</FONT></B>&nbsp;
	</TD>
	<TD width=13%>&nbsp;
	</TD>
	<TD width=13% align=center><hr size="1" noshade>    </TD>
</TR>
<TR valign="bottom">
  <TD width=32% align=center>&nbsp;</TD>
  <TD width="42%" align=center nowrap> <B><FONT size=2 face="serif">SECURITIES AND EXCHANGE COMMISSION</FONT></B>&nbsp; </TD>
  <TD width=13%>&nbsp;</TD>
  <TD align=center nowrap> <U><FONT size=1 face="serif">OMB APPROVAL</FONT></U>&nbsp; </TD>
</TR>
<TR valign="bottom">
  <TD width=32% align=center>&nbsp;</TD>
	<TD width="42%" align=center nowrap> <B><FONT size=2 face="serif">Washington, DC 20549</FONT></B>&nbsp; </TD>
	<TD width=13%>&nbsp;
	</TD>
	<TD align=left nowrap>
<FONT size=1 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OMB Number: 3235-0578</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
  <TD width=32% align=center>&nbsp;</TD>
	<TD width=42% align=center nowrap>&nbsp;</TD>
	<TD width=13%>&nbsp;
	</TD>
	<TD align=left nowrap>
<FONT size=1 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expires: February 28, 2006</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
  <TD width=32% align=left>&nbsp;</TD>
	<TD width=42% align=left nowrap> <center>
    <B><FONT size=2 face="serif">FORM N-Q</FONT></B>&nbsp;	</center></TD>
	<TD width=13%>&nbsp;
	</TD>
	<TD align=left nowrap>
<FONT size=1 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Estimated average burden</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
  <TD width=32% align=left>&nbsp;</TD>
	<TD width=42% align=left nowrap> <center></center></TD>
	<TD width=13%>&nbsp;
	</TD>
	<TD align=left nowrap>
<FONT size=1 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;hours per response: 20.0</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
  <TD width=32% align=center>&nbsp;</TD>
	<TD width=42% align=center nowrap>&nbsp;</TD>
	<TD width=13%>&nbsp;
	</TD>
	<TD align=left nowrap><hr size="1" noshade>

	</TD>
</TR>
</TABLE>
<center>
  <BR>
  <B><FONT size=2 face="serif">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED </FONT></B><BR>
  <B><FONT size=2 face="serif">MANAGEMENT INVESTMENT COMPANY </FONT></B><BR>
</center>
<P>
<FONT size=2 face="serif">Investment Company Act File Number: 811-21078  </FONT></P>
<P>
<FONT size=2 face="serif">Registrant Name: PIMCO New York Municipal Income Fund
II</FONT></P>
<P>
<FONT size=2 face="serif">Address of Principal Executive Offices: 1345 Avenue of the Americas New York, New York 10105 </FONT></P>
<P>
<FONT size=2 face="serif">Name and Address of Agent for Service: Lawrence G. Altadonna &#150; 1345 Avenue of the Americas New York, New York 10105 </FONT></P>
<P>
<FONT size=2 face="serif">Registrant&#146;s telephone number, including area
code: 212-739-3371 </FONT></P>
<P><FONT size=2 face="serif">Date of Fiscal Year End: 5/31/06</FONT></P>
<P><FONT size=2 face="serif"> Date of Reporting
      Period: 8/31/05 </FONT></P>
<P align="justify">
<FONT size=2 face="serif">Form N-Q is to be used by the registered management investment company, other than a small business investment company registered on Form N-5 (</FONT><FONT size=2 face="sans-serif">&sect;&sect;</FONT><FONT size=2
face="serif"> 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b 1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1
- -5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. </FONT></P>
<P align="justify">
<FONT size=2 face="serif">A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to the collection of information contained in Form N-Q unless
the Form displays a currently valid Office of Management and Budget (&#147;OMB&#148;) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. </FONT><FONT size=2 face="sans-serif">&sect;
</FONT><FONT size=2 face="serif">3507. </FONT></P>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<B><FONT size=2 face="serif">Item 1. Schedule of Investments</FONT><br>
<br>
<br>
<br>
<FONT size=2 face="sans-serif">PIMCO New York Municipal Income Fund II Schedule of Investments</FONT></B><BR>
<FONT size=1 face="sans-serif">August 31, 2005 (unaudited)</FONT>
<hr size="1" noshade>
<BR>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD colspan="2" align=center>
<FONT size=1 face="sans-serif">Principal</FONT>
	</TD>
	<TD width=60% align=left>&nbsp;

	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=center>
<FONT size=1 face="sans-serif">Amount</FONT>
	</TD>
	<TD width=60% align=left>&nbsp;

	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Credit Rating</FONT>
	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=right>
      <center>
        <FONT size=1 face="sans-serif">(000)</FONT>
      </center>	</TD>
	<TD width=60% align=left>&nbsp;

	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">(Moody's/S&amp;P)</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">Value*</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>
      <hr noshade size=3>  	</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan=3 align=left>
<B><FONT size=2 face="sans-serif">NEW YORK MUNICIPAL BONDS &amp; NOTES&#151;82.5%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=center>
      <div align="left"><FONT size=1 face="sans-serif">Buffalo Municipal Water Finance Auth., Water System Rev. Ser. B (FSA),</FONT>&nbsp;
      </div></TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">&#36;250</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 7/1/27</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">&#36;265,393</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">1,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.125%, 7/1/32</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,062,830</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">5,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">City of New York, GO, 5.00%, 6/1/33, Ser. O</FONT>&nbsp;
	</TD>
	<TD width=15% align=right>
      <center>
        <FONT size=1 face="sans-serif">A1</FONT><FONT size=1 face="sans-serif">/A+</FONT>
      </center></TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">5,267,550</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">2,130</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">City of Yonkers, GO, 5.00%, 8/1/35, Ser. B (MBIA)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">2,282,870</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">10,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Erie Cnty. Tobacco Asset Securitization Corp. Rev.,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">6.50%, 7/15/32 (Pre-refunded
 @ %101, 7/15/10) (a)</FONT>&nbsp;
	</TD>
	<TD width=15% align=right>
      <center>
        <FONT size=1 face="sans-serif">Ba1</FONT><FONT size=1 face="sans-serif">/AAA</FONT>
      </center></TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">11,568,900</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Metropolitan Transportation Auth. Rev.,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">1,850</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 11/15/30, Ser. A (FSA)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,951,510</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">10,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.25%, 11/15/31, Ser. E</FONT>&nbsp;
	</TD>
	<TD width=15% align=right>
      <center>
        <FONT size=1 face="sans-serif">A2</FONT><FONT size=1 face="sans-serif">/A</FONT>
      </center></TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">10,773,900</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">7,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Metropolitan Transportation Auth. Service</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	  <center>
    </center></TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Contract Rev., 5.35%, 7/1/31, Ser. B</FONT>&nbsp;
	</TD>
	<TD width=15% align=right>
      <center>
        <FONT size=1 face="sans-serif">A2</FONT><FONT size=1 face="sans-serif">/AAA</FONT>
      </center></TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">7,580,440</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right> <FONT size=1 face="sans-serif">4,000</FONT> </TD>
  <TD>&nbsp; </TD>
  <TD align=left> <FONT size=1 face="sans-serif">New York City, GO, 5.00%, 3/1/33,
      Ser. I</FONT>&nbsp; </TD>
  <TD align=right>
    <center>
      <FONT size=1 face="sans-serif">A1</FONT><FONT size=1 face="sans-serif">/A+</FONT>
  </center></TD>
  <TD align=right> <FONT size=1 face="sans-serif">4,185,400</FONT>&nbsp; </TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">New York City Health &amp; Hospital Corp. Rev.,
Ser. A,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">1,100</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.375%, 2/15/26</FONT>&nbsp;
	</TD>
	<TD width=15% align=right>
      <center>
        <FONT size=1 face="sans-serif">A2/BBB+</FONT>
      </center></TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,157,673</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">2,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.45%, 2/15/26</FONT>&nbsp;
	</TD>
	<TD width=15% align=right>
      <center>
        <FONT size=1 face="sans-serif">A2/BBB+</FONT>
      </center></TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">2,123,540</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left> </TD>
  <TD>&nbsp; </TD>
  <TD align=left> <FONT size=1 face="sans-serif">New York City Industrial Dev.
      Agcy., Civic Fac. Rev.,</FONT>&nbsp; </TD>
  <TD align=left> </TD>
  <TD align=left>&nbsp; </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right> <FONT size=1 face="sans-serif">1,500</FONT> </TD>
  <TD>&nbsp; </TD>
  <TD align=left> &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Staten Island
      Univ. Hospital, 5.00%, 7/1/27</FONT>&nbsp; </TD>
  <TD align=right>
    <center>
      <FONT size=1 face="sans-serif">Aa2</FONT><FONT size=1 face="sans-serif">/NR</FONT>
  </center></TD>
  <TD align=right> <FONT size=1 face="sans-serif">1,617,405</FONT>&nbsp; </TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right> <FONT size=1 face="sans-serif">1,235</FONT> </TD>
  <TD>&nbsp; </TD>
  <TD align=left> &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">United Jewish
      Appeal Fed., 6.45%, 7/1/32</FONT>&nbsp; </TD>
  <TD align=right>
    <center>
      <FONT size=1 face="sans-serif">B2</FONT><FONT size=1 face="sans-serif">/NR</FONT>
  </center></TD>
  <TD align=right> <FONT size=1 face="sans-serif">1,263,170</FONT>&nbsp; </TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">1,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">New York City Industrial Dev. Agcy. Rev., Eger Harbor,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">4.95%, 11/20/32 (GNMA)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">NR/AA+</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,051,650</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">3,055</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">New York City Municipal Water Finance Auth.,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Water &amp; Sewer System Rev., 4.75%, 6/15/25, Ser. D (MBIA-IBC)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">3,122,546</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">10,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">New York City Transitional Finance Auth. Rev.,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 11/1/27, Ser. B</FONT>&nbsp;
	</TD>
	<TD width=15% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aa1</FONT><FONT size=1 face="sans-serif">/AAA</FONT>
      </center></TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">10,622,600</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">3,600</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Port Auth. of New York &amp; New Jersey Rev.,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 4/15/32, Ser. 125 (FSA)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">3,826,188</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Sachem Central School Dist. of Holbrook, GO (MBIA),</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">3,445</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 6/15/28</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">3,692,075</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">2,895</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 6/15/29</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">3,098,634</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">7,500</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">State Dormitory Auth. Lease Rev., State Univ.</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Dormitory Facs., 5.00%, 7/1/32
 (Pre-refunded @ &#36;100, 7/1/12) (a)</FONT>&nbsp;
	</TD>
	<TD width=15% align=right>
      <center>
        <FONT size=1 face="sans-serif">A1</FONT><FONT size=1 face="sans-serif">/AA-</FONT>
      </center></TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">8,272,575</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">State Dormitory Auth. Rev.,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">2,600</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Catholic Health of Long Island, 5.10%, 7/1/34</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Baa1/BBB</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">2,697,032</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">4,315</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Court Facs. Lease, 5.50%,
 5/15/32 (AMBAC)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">5,241,517</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">2,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Kaleida Health Hospital, 5.05%, 2/15/25 (FHA)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">NR/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">2,146,180</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">5,300</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Lenox Hill Hospital, 5.50%, 7/1/30</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Baa2/NR</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">5,550,849</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">1,400</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Long Island Univ., 5.25%, 9/1/28 (Radian)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Baa3/AA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,481,396</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">8,850</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">North General Hospital, 5.00%, 2/15/25</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">NR/AA-</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">9,275,154</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">3,225</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">NY &amp; Presbyterian Hospital Rev., 4.75%, 8/1/27 (AMBAC-FHA)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">3,295,692</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">3,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">NYSARC, 5.00%, 7/1/34, Ser. A (FSA)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">NR/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">3,203,760</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">5,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Saint Barnabas Hospital, 5.00%, 2/1/31, Ser. A (FHA-AMBAC)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">5,243,450</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">1,500</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Sloan-Kettering Center Memorial, 5.00%, 7/1/34, Ser. 1</FONT>&nbsp;
	</TD>
	<TD width=15% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aa2</FONT><FONT size=1 face="sans-serif">/AA</FONT>
      </center></TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,564,965</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">8,600</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">State Personal Income Tax</FONT>,&nbsp;
	</TD>
	<TD width=15% align=left>

	  <center>
    </center></TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 3/15/32 (Pre-refunded
 @ &#36;100, 3/15/13)(a)</FONT>&nbsp;
	</TD>
	<TD width=15% align=right>
      <center>
        <FONT size=1 face="sans-serif">A1</FONT><FONT size=1 face="sans-serif">/AA</FONT>
      </center></TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">9,500,764</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">1,250</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Student Housing Corp., 5.125%, 7/1/34 (FGIC)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,346,825</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">4,270</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Teachers College, 5.00%, 7/1/32 (MBIA)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/NR</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">4,498,957</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">2,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Yeshiva Univ., 5.125%, 7/1/34 (AMBAC)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/NR</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">2,154,920</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
</TABLE>
<BR>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<B><FONT size=2 face="sans-serif">PIMCO New York Municipal Income Fund II Schedule of Investments</FONT></B><BR>
<FONT size=1 face="sans-serif">August 31, 2005 (unaudited)</FONT>
<hr size="1" noshade>
<BR>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD colspan="2" align=center>
<FONT size=1 face="sans-serif">Principal</FONT>
	</TD>
	<TD width=60% align=left>&nbsp;

	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=center>
<FONT size=1 face="sans-serif">Amount</FONT>
	</TD>
	<TD width=60% align=left>&nbsp;

	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Credit Rating</FONT>
	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=right>
      <center>
        <FONT size=1 face="sans-serif">(0000)</FONT>
    </center>	</TD>
	<TD width=60% align=left>&nbsp;

	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">(Moody's/S&amp;P)</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">Value*</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>
      <hr noshade size=3>  	</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">&#36;2,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">State Environmental Facs. Corp., State Clean</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Water &amp; Drinking Rev., 5.125%, 6/15/31</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">$2,132,260</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">5,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">State Municipal Board Bank Agcy. Special School</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Purpose Rev., 5.00%, 6/1/23, Ser. C</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">NR/A+</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">5,271,700</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">6,100</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">State Urban Dev. Corp. Personal Income Tax Rev.,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 3/15/33, Ser. C-1 (Pre-refunded @ &#36;100, 3/15/13)(a)</FONT>&nbsp;
	</TD>
	<TD width=15% align=right>
      <center>
        <FONT size=1 face="sans-serif">A1</FONT><FONT size=1 face="sans-serif">/AA</FONT>
      </center></TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">6,738,914</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Tobacco Settlement Asset Backed, Inc. Rev., Ser.
1,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">25,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.75%, 7/15/32</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Baa3/BBB</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">26,477,000</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">10,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">6.375%, 7/15/39</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Baa3/BBB</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">10,627,600</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">4,700</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Triborough Bridge &amp; Tunnel Auth. Rev., 5.00%,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">1/1/32, Ser. A (FGIC-TCRS)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">4,935,799</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">2,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Warren &amp; Washington Cnty. Industrial Dev. Agcy.</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Fac. Rev., Glens Falls Hospital, 5.00%, 12/1/35, Ser. A (FSA)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">2,110,300</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">750</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Westchester Cnty. Industrial Dev. Agcy.</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=center>
      <div align="left"> &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Continuing Care Retirement Rev., Kendal on Hudson, 6.50%, 1/1/34</FONT>&nbsp;
      </div></TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">NR/NR</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">787,710</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD width="9%">
<HR noshade size=1>
	</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Total New York Municipal Bonds &amp; Notes (cost&#151;&#36;187,157,656)</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">201,069,593</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD width="9%">
<HR noshade size=1>
	</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan=3 align=left>
<B><FONT size=2 face="sans-serif">OTHER MUNICIPAL BONDS &amp; NOTES&#151;5.1%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<B><FONT size=1 face="sans-serif">California&#151;1.6%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Alameda Unified School Dist., Alameda Cnty., GO, Ser. A (FSA),</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">3,500</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">zero coupon, 8/1/24</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,500,835</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">3,000</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">zero coupon, 8/1/25</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,220,550</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">3,130</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Covina Valley Unified School Dist., GO,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">zero coupon, 6/1/25, Ser. B (FGIC)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,283,050</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD width="9%">
<HR noshade size=1>
	</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>&nbsp;

	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">4,004,435</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD width="9%">
<HR noshade size=1>
	</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<B><FONT size=1 face="sans-serif">Colorado&#151;0.1%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">210</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Dawson Ridge Dist. No. 1, GO, zero coupon, 10/1/22, Ser. A</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/NR</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">99,238</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD width="9%">
<HR noshade size=1>
	</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<B><FONT size=1 face="sans-serif">Puerto Rico&#151;3.4%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">5,675</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Children's Trust Fund Tobacco Settlement Rev.,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.625%, 5/15/43</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Baa3/BBB</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">5,933,212</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">1,500</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Commonwealth Highway &amp; Transportation Auth. Rev.,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.25%, 7/1/38, Ser. D</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Baa2/A</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,590,630</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">750</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Electric Power Auth. Power Rev., 5.125%, 7/1/29, Ser. NN</FONT>&nbsp;
	</TD>
	<TD width=15% align=right>
      <center>
        <FONT size=1 face="sans-serif">A3</FONT><FONT size=1 face="sans-serif">/A-</FONT>
      </center></TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">796,815</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD width="9%">
<HR noshade size=1>
	</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>&nbsp;

	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">8,320,657</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD width="9%">
<HR noshade size=1>
	</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Total Other Municipal Bonds &amp; Notes (cost&#151;&#36;11,315,410)</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">12,424,330</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD width="9%">
<HR noshade size=1>
	</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan=3 align=left>
<B><FONT size=2 face="sans-serif">NEW YORK VARIABLE RATE NOTES </FONT></B><FONT size=2 face="sans-serif">(b)(c)(d)</FONT><B><FONT size=2 face="sans-serif">&#151;9.3%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">6,994</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Long Island Power Auth. Electric System Rev.,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">12.84%, 12/1/26, Ser. 339 (MBIA-IBC)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aaa/NR</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">8,566,181</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">New York City Municipal Water Finance Auth., Water &amp; Sewer Syst. Rev.,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>

	</TD>
	<TD width=9% align=left>&nbsp;

	</TD>
    <TD width=1% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">1,250</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">10.599%, 6/15/32</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">NR/NR</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,479,000</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">3,750</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">11.099%, 6/15/34</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">NR/NR</FONT>
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">4,687,050</FONT>&nbsp;
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
</TABLE>
<BR>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<B><FONT size=2 face="sans-serif">PIMCO New York Municipal Income Fund II Schedule of Investments</FONT></B><BR>
<FONT size=1 face="sans-serif">August 31, 2005 (unaudited)</FONT>
<hr size="1" noshade>
<BR>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD colspan="2" align=center>
<FONT size=1 face="sans-serif">Principal</FONT>
	</TD>
	<TD width=60% align=left>&nbsp;

	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=center>
<FONT size=1 face="sans-serif">Amount</FONT>
	</TD>
	<TD width=60% align=left>&nbsp;

	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Credit Rating</FONT>&nbsp;
	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=right>
      <center>
        <FONT size=1 face="sans-serif">(000)</FONT>
      </center>	</TD>
	<TD width=60% align=left>&nbsp;

	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">(Moody's/S&amp;P)</FONT>&nbsp;
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">Value*</FONT>
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=6>
      <hr noshade size=3>  	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">&#36;1,950</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">New York City Trust for Cultural Resources Rev.,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">10.585%, 2/1/34, (FGIC)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">NR/NR</FONT>&nbsp;
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">&#36;2,415,075</FONT>
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">2,475</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">State Dormitory Authority Rev., 10.291%, 5/15/31 (AMBAC)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">NR/AAA</FONT>&nbsp;
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">4,062,911</FONT>
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">1,250</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">State Dormitory Authority Rev., Drivers,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">11.697%, 6/1/13, Ser. 931 (Radian)</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Aa3/NR</FONT>&nbsp;
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,515,850</FONT>
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Total New York Variable Rate Notes (cost&#151;&#36;20,871,131)</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">22,726,067</FONT>
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan=3 align=left>
<B><FONT size=2 face="sans-serif">OTHER VARIABLE RATE NOTES </FONT></B><FONT size=2 face="sans-serif">(b)(c)(d)</FONT><B><FONT size=2 face="sans-serif">&#151;1.9%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<B><FONT size=1 face="sans-serif">California&#151;1.0%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">1,800</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">State Economic Recovery, GO, 15.495%, 1/1/10,</FONT> <FONT size=1 face="sans-serif">Ser.
935</FONT></TD>
	<TD width=15% align=center><font size=1 face="sans-serif">Aa3/NR</font>

	</TD>
	<TD width=9% align=right><font size=1 face="sans-serif">2,576,250</font>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<B><FONT size=1 face="sans-serif">Puerto Rico&#151;0.9%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">1,900</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Public Finance Corp. Rev., 5.75%, 8/1/27, Ser. A</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">Baa3/BBB</FONT>&nbsp;
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">2,107,594</FONT>
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Total Other Variable Rate Notes (cost&#151;&#36;4,412,748)</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">4,683,844</FONT>
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan=3 align=left>
<B><FONT size=2 face="sans-serif">NEW YORK VARIABLE RATE DEMAND NOTES </FONT></B><FONT size=2 face="sans-serif">(d)(e)</FONT><B><FONT size=2 face="sans-serif">&#151;0.3%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">700</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">City of New York, GO, 2.30%, 9/1/05</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">VMIG1/A-1+</FONT>&nbsp;
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">700,000</FONT>
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right><FONT size=1 face="sans-serif">100</FONT>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left> <FONT size=1 face="sans-serif">New York City Transitional
	    Finance Auth., GO,</FONT> <FONT size=1 face="sans-serif">2.25%, 9/1/05</FONT>&nbsp;
	</TD>
	<TD width=15% align=center>
<FONT size=1 face="sans-serif">VMIG1/A-1</FONT>&nbsp;
	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">100,000</FONT>
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Total New York Variable Rate Demand Notes (cost&#151;&#36;800,000)</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">800,000</FONT>
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan=3 align=left>
<B><FONT size=2 face="sans-serif">U.S. TREASURY BILLS </FONT></B><FONT size=2 face="sans-serif">(f)</FONT><B><FONT size=2 face="sans-serif">&#151;1.0%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">2,505</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">2.92%-3.28%,9/1/05-9/15/05 (cost&#151;&#36;2,502,347)</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">2,502,119</FONT>
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif"><B><FONT size=1 face="sans-serif">Total Investments
before options written</FONT></B> (cost&#151;&#36;227,059,292</FONT><B><FONT size=1 face="sans-serif">)&#151;100.1%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">244,205,953</FONT>
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan=3 align=left>
<B><FONT size=2 face="sans-serif">OPTIONS WRITTEN </FONT></B><FONT size=2 face="sans-serif">(g)</FONT><FONT size=2 face="serif">&#151;</FONT><B><FONT size=2 face="sans-serif">(0.1)%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<U><FONT size=1 face="sans-serif">Contracts</FONT></U>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>&nbsp;

	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<B><FONT size=2 face="sans-serif">CALL OPTIONS&#151;(0.1)%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">U.S. Treasury Notes 10 yr. Futures, Chicago Board of Trade,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">157</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">strike price &#36;112, expires 11/22/05</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">(176,625</FONT>
	</TD>
	<TD width=1% align=left>
<FONT size=1 face="sans-serif">)</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">199</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">strike price &#36;113, expires 11/22/05</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">(136,812</FONT>
	</TD>
	<TD width=1% align=left>
<FONT size=1 face="sans-serif">)</FONT>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left><FONT size=1 face="sans-serif"><B></B></FONT></TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">(313,437</FONT>
	</TD>
	<TD width=1% align=left>
<FONT size=1 face="sans-serif">)</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
  <TD align=left></TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left><HR noshade size=1></TD>
  <TD align=left><HR noshade size=1></TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<B><FONT size=2 face="sans-serif">PUT OPTIONS&#151;(0.0)%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">U.S. Treasury Notes 5 yr. Futures, Chicago Board of Trade,</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=left>

	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">263</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">strike price &#36;105.50, expires 11/22/05</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">(16,437</FONT>
	</TD>
	<TD width=1% align=left>
<FONT size=1 face="sans-serif">)</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=right>
<FONT size=1 face="sans-serif">233</FONT>
	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">strike price &#36;106, expires 11/22/05</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">(21,844</FONT>
	</TD>
	<TD width=1% align=left>
<FONT size=1 face="sans-serif">)</FONT>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>&nbsp;</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">(38,281</FONT>
	</TD>
	<TD width=1% align=left>
<FONT size=1 face="sans-serif">)</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
  <TD align=left></TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right><HR noshade size=1></TD>
  <TD align=left><HR noshade size=1></TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<FONT size=1 face="sans-serif">Total Options Written (premiums received&#151;&#36;239,950)</FONT>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">(351,718</FONT>
	</TD>
	<TD width=1% align=left>
<FONT size=1 face="sans-serif">)</FONT>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=10% align=left>

	</TD>
	<TD width=5%>&nbsp;
	</TD>
	<TD width=60% align=left>
<B><FONT size=1 face="sans-serif">Total Investments net of options written </FONT></B><FONT size=1 face="sans-serif">(cost-&#36;226,819,342)</FONT><FONT size=1 face="serif">&#151;</FONT><B><FONT size=1 face="sans-serif">100.0%</FONT></B>&nbsp;
	</TD>
	<TD width=15% align=left>&nbsp;

	</TD>
	<TD width=9% align=right>
<B><FONT size=1 face="sans-serif">&#36;243,854,235</FONT></B>
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=4>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>
<BR>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<B><FONT size=2 face="sans-serif">Other Investments:</FONT></B><BR>
<FONT size=2 face="sans-serif">Futures contracts outstanding at August 31, 2005:</FONT><BR>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD colspan="2" align=left>&nbsp;

	</TD>
	<TD colspan="2" align=right>
      <center>
        <FONT size=1 face="sans-serif">Notional</FONT>
      </center>	</TD>
	<TD width="12%" align=left>&nbsp;

	</TD>
	<TD width="1%">&nbsp;
	</TD>
	<TD width="10%" align=right>
      <center>
        <FONT size=1 face="sans-serif">Unrealized</FONT>
      </center></TD>
	<TD width="2%" align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>&nbsp;

	</TD>
	<TD colspan="2" align=right>
      <center>
        <FONT size=1 face="sans-serif">Amount</FONT>
      </center>	</TD>
	<TD align=center>
<FONT size=1 face="sans-serif">Expiration</FONT>&nbsp;
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
      <center>
        <FONT size=1 face="sans-serif">Appreciation</FONT>
      </center></TD>
	<TD align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=right>
      <div align="left">
        <p><FONT size=1 face="sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Type</FONT>&nbsp;
        </p>
    </div></TD>
	<TD colspan="2" align=right>
      <center>
        <FONT size=2 face="sans-serif">(000)</FONT>
      </center>	</TD>
	<TD align=center>
<FONT size=1 face="sans-serif">Date</FONT>&nbsp;
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
      <center>
        <FONT size=1 face="sans-serif">(Depreciation)</FONT>
      </center></TD>
	<TD align=left>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=8>
      <hr noshade size=3>  	</TD>
</TR>
<TR valign="bottom">
	<TD width="4%" align=right>
      <div align="left"><FONT size=1 face="sans-serif">Long:</FONT>
      </div></TD>
	<TD width="57%" align=right><div align="left"><font size=1 face="sans-serif">U.S.
    Treasury 5 Year Note</font></div></TD>
	<TD width="9%" align=right>
<FONT size=1 face="sans-serif">&#36;(23,300</FONT>
	</TD>
	<TD width="5%"><FONT size=1 face="sans-serif">)</FONT>
	</TD>
	<TD align=center>
<FONT size=1 face="sans-serif">12/20/05</FONT>&nbsp;
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
<FONT size=1 face="sans-serif">&#36;269,406</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
      <div align="left"><FONT size=1 face="sans-serif">Short:</FONT></div></TD>
	<TD align=right><div align="left"><font size=1 face="sans-serif">U.S. Treasury 20 Year Bond</font>&nbsp; </div></TD>
	<TD align=right>
<FONT size=1 face="sans-serif">(18,600</FONT>
	</TD>
	<TD><FONT size=1 face="sans-serif">)</FONT>
	</TD>
	<TD align=center>
<FONT size=1 face="sans-serif">9/21/05</FONT>&nbsp;
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
<FONT size=1 face="sans-serif">(326,203</FONT>
	</TD>
	<TD align=left>
<FONT size=1 face="sans-serif">)</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
      <div align="left"></div></TD>
	<TD align=right><div align="left"><font size=1 face="sans-serif">U.S. Treasury 20 Year Bond</font>&nbsp; </div></TD>
	<TD align=right>
<FONT size=1 face="sans-serif">(5,400</FONT>
	</TD>
	<TD><FONT size=1 face="sans-serif">)</FONT>
	</TD>
	<TD align=center>
<FONT size=1 face="sans-serif">12/20/05</FONT>&nbsp;
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
<FONT size=1 face="sans-serif">(18,563</FONT>
	</TD>
	<TD align=left>
<FONT size=1 face="sans-serif">)</FONT>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=5>
	</TD>
	<TD>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>&nbsp;

	</TD>
	<TD align=left>

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
<FONT size=1 face="sans-serif">&#36;(75,360</FONT>
	</TD>
	<TD align=left>
<FONT size=1 face="sans-serif">)</FONT>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=5>
	</TD>
	<TD>
	</TD>
	<TD colspan=2>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>
<BR>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD width="36" valign=top nowrap>
<FONT size=1 face="sans-serif">*</FONT></TD>
	<TD align="justify"><div align="justify"><FONT size=1 face="sans-serif">Portfolio
	      securities and other financial instruments for which market quotations
	      are readily available are stated at market value. Portfolio securities
	      and other financial instruments for which market quotations are not
	      readily available or if a development/event occurs that may significantly
	      impact the value of a security, maybe fair-valued, in good faith, pursuant
    to guidelines established by the Board of Trustees. The Fund&#146;s investments
    are valued  daily by an independent pricing service. The independent pricing
    service uses information provided by market makers or estimates of market
    values obtained from yield data relating to investments or securities with
    similar characteristics. Exchange traded options and futures, are valued
    at the settlement price determined by the relevant exchange. Short-term investments
    maturing in 60 days or less are valued at amortized cost, if their original
    maturity was 60 days or less, or by amortizing their value on the 61</FONT><SUP><FONT size=1 face="sans-serif">st </FONT></SUP><FONT size=1 face="sans-serif">day
    prior to maturity, if the original term to maturity exceeded 60 days. The
    prices used by the Fund to value securities may differ from the value that
    would be realized if the securities were sold. The Fund&#146;s net asset
    value is determined daily at the close of regular trading (normally 4:00
    p.m. Eastern time) on the New York Stock Exchange.</FONT></div></TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR>
<TR>
	<TD width="36" valign=top nowrap>
<FONT size=1 face="sans-serif">(a)</FONT></TD>
	<TD width="1065">
      <div align="justify"><FONT size=1 face="sans-serif">Pre-refunded bonds &#151;        collateralized
          by U.S. Government or other eligible securities which are held in escrow
          and used to pay principal and interest and retire the bonds at the
          earliest refunding date.</FONT></div></TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=1 face="sans-serif">(b)</FONT></TD>
	<TD>
      <div align="justify"><FONT size=1 face="sans-serif">144A Security - Security exempt from registration,
  under Rule 144A of the Securities Act of 1933. These securities may be resold
  in transactions exempt from registration, typically only to qualified institutional
   buyers. Unless otherwise indicated, these securities are not considered to be illiquid.</FONT></div></TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=1 face="sans-serif">(c)</FONT></TD>
	<TD>
      <div align="justify"><FONT size=1 face="sans-serif">Residual Interest Municipal Bonds. The interest
  rate shown bears an inverse relationship to the interest rate on another security
  or the value of an index.</FONT></div></TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=1 face="sans-serif">(d)</FONT></TD>
	<TD>
      <div align="justify"><FONT size=1 face="sans-serif">Variable Rate Notes &#151; Instruments
          whose interest rates change on a specified date (such as a coupon date
          or interest payment date) and/or whose interest rates vary with changes
    in a designated base rate (such as the prime interest rate). The rate shown is the rate in effect of August 31, 2005.</FONT></div></TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=1 face="sans-serif">(e)</FONT></TD>
	<TD>
      <div align="justify"><FONT size=1 face="sans-serif">Maturity date shown
          is date of next call.</FONT></div></TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=1 face="sans-serif">(f)</FONT></TD>
	<TD>
      <div align="justify"><FONT size=1 face="sans-serif">All or partial amount segregated as initial margin
  on futures contracts.</FONT></div></TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=1 face="sans-serif">(g)</FONT></TD>
	<TD>
      <div align="justify"><FONT size=1 face="sans-serif">Non-income producing.</FONT></div></TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR>
<TR>
  <TD colspan=2><B><U><FONT size=1 face="sans-serif">Glossary:</FONT></U></B><BR>
    <FONT size=1 face="sans-serif">AMBAC &#151; insured by American Municipal
    Bond Assurance Corp.</FONT><BR>
    <FONT size=1 face="sans-serif">FGIC &#151; insured by Financial Guaranty
    Insurance Co.</FONT><BR>
    <FONT size=1 face="sans-serif">FHA &#151; insured by Federal Housing Administration</FONT><BR>
    <FONT size=1 face="sans-serif">FSA &#151; insured by Financial Security Assurance,
    Inc.</FONT><BR>
    <FONT size=1 face="sans-serif">GNMA &#151; insured by Government National
    Mortgage Association</FONT><BR>
    <FONT size=1 face="sans-serif">GO &#151; General Obligation Bond</FONT><BR>
    <FONT size=1 face="sans-serif">IBC &#151; Insurance Bond Certificate</FONT><BR>
    <FONT size=1 face="sans-serif">MBIA &#151; insured by Municipal Bond Investors
    Assurance</FONT><BR>
    <FONT size=1 face="sans-serif">NR &#151; Not Rated</FONT><BR>
    <FONT size=1 face="sans-serif">Radian &#151; insured by Radian Guaranty,
    Inc.</FONT><BR>
    <FONT size=1 face="sans-serif">TCRS &#151; insured by Temporary Custodian
    Receipts</FONT></TD>
</TR>
</TABLE>
<BR>

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<P align="left" style="page-break-before:always"><PAGE>
<P>
<B><FONT size=2 face="serif">Item 2. Controls and Procedures</FONT></B></P>
<P>
<FONT size="2" face="serif">(a) The registrant's President and Chief Executive Officer and Principal Financial Officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-2(c) under the Investment Company Act of
1940, as amended are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document. </FONT></P>
<P>
<FONT size="2" face="serif">(b) There were no significant changes in the registrant's internal controls or in factors that could affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant
deficiencies and material weaknesses. </FONT></P><P>
<B><FONT size=2 face="serif">Item 3. Exhibits</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif"> (a) Exhibit 99.302 Cert. &#150; Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</FONT></P>
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<page>
<P align="center">
<B><FONT size=2 face="serif">SIGNATURES </FONT></B></P>
<P>
<FONT size=2 face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized. </FONT></P>
<P>
<FONT size=2 face="serif">Registrant: New York Municipal Income Fund II </FONT></P>
<FONT size=2 face="serif">By /s/ Brian S. Shlissel </FONT><BR>
<FONT size=2 face="serif">President &amp; Chief Executive Officer </FONT><BR>
<P>
<FONT size=2 face="serif">Date: October 21, 2005</FONT></P>
<FONT size=2 face="serif">By /s/ Lawrence G. Altadonna </FONT><BR>
<FONT size=2 face="serif">Treasurer, Principal Financial &amp; Accounting Officer </FONT><BR>
<P>
<FONT size=2 face="serif">Date: October 21, 2005</FONT></P>
<P>
<FONT size=2 face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on
the dated indicated. </FONT></P>
<FONT size=2 face="serif">By /s/ Brian S. Shlissel </FONT><BR>
<FONT size=2 face="serif">President &amp; Chief Executive Officer </FONT><BR>
<P>
<FONT size=2 face="serif">Date: October 21, 2005</FONT></P>
<FONT size=2 face="serif">By /s/ Lawrence G. Altadonna </FONT><BR>
<FONT size=2 face="serif">Treasurer, Principal Financial &amp; Accounting Officer </FONT><BR>
<P>
<FONT size=2 face="serif">Date: October 21, 2005</FONT></P>

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<P align="right">
<B><FONT size=2 face="serif">Exhibit 99.302 Cert. </FONT></B></P>
<P align="center">
<B><FONT size=2 face="serif">CERTIFICATIONS </FONT></B></P>
<P>
<FONT size=2 face="serif">I, Brian S. Shlissel, certify that: </FONT></P>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">1.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD colspan=2>
<FONT size=2 face="serif">I have reviewed this report Form N-Q of New York Municipal
Income Fund II;</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">2.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD colspan=2>
<FONT size=2 face="serif">Based on my knowledge, this report does not contain
any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements
 were made, not misleading with respect to the period covered by the report;</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">3.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD colspan=2>
<FONT size=2 face="serif">Based on my knowledge, the schedules on investments
included in this report fairly present in all material respects the investments
of the registrant as of the end of the fiscal quarter for which the report is
 filed;</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">4.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD colspan=2>
<FONT size=2 face="serif">The registrant&#146;s other certifying officer(s) and
I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal
 control over financial reporting (as defined in Rule 30a-3(d) under the Investment
Company Act of 1940) for the registrant and have:</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">a.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">Designed such disclosure controls and procedures, or
caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its
 consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">b.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">Designed such internal control over financial reporting,
or caused such internal control over financial reporting to be designed under
our supervision, 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:</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">c.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">Evaluated the effectiveness of the registrant&#146;s
disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of a date
within 90  days prior to the filing date of this report, based on such evaluation;
and</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">d.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">Disclosed in this report any change in the registrant&#146;s
internal control over financial reporting that occurred during the registrant&#146;s
most recent fiscal quarter that has materially affected, or is reasonably  likely
to materially affect, the registrant&#146;s internal control over financial reporting;
and</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">5.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD colspan=2>
<FONT size=2 face="serif">The registrant&#146;s other certifying officer(s) and
I have disclosed to the registrant&#146;s auditors and the audit committee of
the registrant&#146;s board of directors (or persons performing the equivalent
 functions):</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">a.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">All significant deficiencies and material weaknesses
in the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the registrant&#146;s ability to record,
process,  summarize, and report financial information; and</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">b.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">Any fraud, whether or not material, that involves management
or other employees who have a significant role in the registrant&#146;s control
over financial reporting.</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>
<P>
<FONT size=2 face="serif">Date: October 21, 2005 </FONT></P>
<FONT size=2 face="serif">Signature &amp; Title: /s/ Brian S. Shlissel </FONT><BR>
<FONT size=2 face="serif">Brian S. Shlissel, President &amp; Chief Executive Officer </FONT><BR>

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<P align="left" style="page-break-before:always"></P>
<PAGE>


<P>
<FONT size=2 face="serif">I, Lawrence G. Altadonna, certify that: </FONT></P>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">1.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD colspan=2>
<FONT size=2 face="serif">I have reviewed this report Form N-Q of New York Municipal
Income Fund II;</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">2.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD colspan=2>
<FONT size=2 face="serif">Based on my knowledge, this report does not contain
any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements
 were made, not misleading with respect to the period covered by the report;</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">3.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD colspan=2>
<FONT size=2 face="serif">Based on my knowledge, the schedules of investments
included in this report fairly present in all material respects the investments
of the registrant as of the end of the fiscal quarter for which the report is
 filed;</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">4.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD colspan=2>
<FONT size=2 face="serif">The registrant&#146;s other certifying officer(s) and
I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal
 control over financial reporting (as defined in Rule 30a-3(d) under the Investment
Company Act of 1940) for the registrant and have:</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">a.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">Designed such disclosure controls and procedures, or
caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its
 consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">b.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">Designed such internal control over financial reporting,
or caused such internal control over financial reporting to be designed under
our supervision, 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:</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">c.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">Evaluated the effectiveness of the registrant&#146;s
disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of a date
within 90  days prior to the filing date of this report, based on such evaluation;
and</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">d.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">Disclosed in this report any change in the registrant&#146;s
internal control over financial reporting that occurred during the registrant&#146;s
most recent fiscal quarter that has materially affected, or is reasonably  likely
to materially affect, the registrant&#146;s internal control over financial reporting;
and</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">5.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD colspan=2>
<FONT size=2 face="serif">The registrant&#146;s other certifying officer(s) and
I have disclosed to the registrant&#146;s auditors and the audit committee of
the registrant&#146;s board of directors (or persons performing the equivalent
 functions):</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">a.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">All significant deficiencies and material weaknesses
in the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the registrant&#146;s ability to record,
process,  summarize, and report financial information; and</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">b.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">Any fraud, whether or not material, that involves management
or other employees who have a significant role in the registrant&#146;s control
over financial reporting.</FONT></TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>
<P>
<FONT size=2 face="serif">Date: October 21, 2005 </FONT></P>
<FONT size=2 face="serif">Signature &amp; Title: /s/ Lawrence G. Altadonna </FONT><BR>
<FONT size=2 face="serif">Lawrence G. Altadonna, Treasurer, Principal Financial &amp; Accounting Officer </FONT><BR>

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