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<SEC-DOCUMENT>0000930413-06-007334.txt : 20061017
<SEC-HEADER>0000930413-06-007334.hdr.sgml : 20061017
<ACCEPTANCE-DATETIME>20061017143600
ACCESSION NUMBER:		0000930413-06-007334
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060831
FILED AS OF DATE:		20061017
DATE AS OF CHANGE:		20061017
EFFECTIVENESS DATE:		20061017

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:		061148400

	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>c44719_nq.htm
<TEXT>

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

<BODY bgcolor="#ffffff">

<table width="100%" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="83%">&nbsp;</td>
<td width="17%" nowrap style="border:1px solid #000000; padding:5px">
<center><U><FONT size=1 face="serif">OMB APPROVAL</FONT></U><br>
<FONT size=1 face="serif">OMB Number: 3235-0578<br>
Expires: February 28, 2006<br>
Estimated average burden<br>
hours per response: 20.0</FONT></center></td>
</tr>
</table>
<p align="center"><B><FONT size=2 face="serif">UNITED STATES<br>
</FONT></B><B><FONT size=2 face="serif">SECURITIES
      AND EXCHANGE COMMISSION <br>
  Washington, DC 20549</FONT></B></p>
<p align="center"><B><FONT size=2 face="serif">FORM N-Q</FONT></B>

</p>
<P align="center">
<B><FONT size=2 face="serif">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED <br>
MANAGEMENT INVESTMENT COMPANY </FONT></B></P>
<P align="left">
<p> <FONT size=2 face="serif">Investment Company Act File Number: 811-21078</FONT></P>
<P align="left">
<FONT size=2 face="serif">Registrant Name: PIMCO New York Municipal Income Fund II</FONT></P>
<P align="left">
<FONT size=2 face="serif">Address of Principal Executive Offices: 1345 Avenue of the Americas New York, New York 10105 </FONT></P>
<P align="left">
<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 align="left">
<FONT size=2 face="serif">Registrant&#146;s telephone number, including area code: 212-739-3371 </FONT></P>
<P align="left">

<FONT size=2 face="serif">Date of Fiscal Year End: May 31, 2007</FONT><BR>
<BR>
<FONT size=2 face="serif">Date of Reporting Period: August 31, 2006 </FONT>
<p></P>
<P align="left">
<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">&#167;&#167;</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="left">
<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">&#167;
</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>
&nbsp;
<p><B><FONT size=2 face="serif">Item 1. Schedule of Investments</FONT></B>
</p>
<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, 2006 (unaudited)</FONT>
<hr noshade size=1>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD colspan="2" align=right>
      <center>
        <FONT size=1 face="sans-serif">Principal</FONT>
      </center>

	  <center>
      </center></TD>
	<TD align=left width=56%>

	  <center>
    </center></TD>
	<TD align=left width=11%>      <center>
    </center></TD>
	<TD  width=6%>
	  <center>
    </center></TD>
	<TD align=left width=2%>

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

	  <center>
    </center></TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=right>
      <center>
        <FONT size=1 face="sans-serif">Amount</FONT>
      </center>

	  <center>
      </center></TD>
	<TD align=left width=56%>

	  <center>
    </center></TD>
	<TD align=left width=11%>      <center>
      <FONT size=1 face="sans-serif">Credit Rating</FONT>        </center></TD>
	<TD  width=6%>
	  <center>
    </center></TD>
	<TD align=left width=2%>

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

	  <center>
    </center></TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=right style="border-bottom:3px solid #000000;">
      <center>
        <FONT size=1 face="sans-serif">(000</FONT><FONT size=1 face="sans-serif">)</FONT>
    </center>
      <center>
      </center></TD>
	<TD align=left width=56% style="border-bottom:3px solid #000000;">

	  <center>
&nbsp;
    </center></TD>
	<TD align=left width=11% style="border-bottom:3px solid #000000;">      <center>
      <FONT size=1 face="sans-serif">(Moody's/S&amp;P)</FONT>        </center></TD>
	<TD  width=6% style="border-bottom:3px solid #000000;">
	  <center>
&nbsp;
    </center></TD>
	<TD colspan="2" align=left style="border-bottom:3px solid #000000;">

	  <center>
    </center>
      <center>
        <FONT size=1 face="sans-serif">Value*</FONT>
      </center></TD>
  </TR>
<TR>
	<TD colspan=7>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<B><FONT size=2 face="sans-serif">NEW YORK MUNICIPAL BONDS &amp; NOTES&#151;82.0%</FONT></B>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

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

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">Buffalo Municipal Water Finance Auth., Water System Rev.,</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

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

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Ser. B, (Pre-refunded @ &#36;100, 7/1/12) (FSA)(a),</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">&#36;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 7/1/27</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=right width=2%>
<FONT size=1 face="sans-serif">&#36;</FONT>
	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">267,945</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">1,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=center width=56%>
      <div align="left"> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.125%, 7/1/32</FONT>
      </div></TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">1,078,280</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">2,400</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">Erie Cnty. Industrial Dev. Agcy., Orchard Park Rev., 6.00%, 11/15/36</FONT>
	</TD>
	<TD width=11% align=center>
      <center>
        <FONT size=1 face="sans-serif">NR/NR</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">2,532,696</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">10,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">Erie Cnty. Tobacco Asset Securitization Corp. Rev.,</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

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

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">6.50%, 7/15/32, (Pre-refunded @ &#36;101, 7/15/10) (a)</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Ba1</FONT>
        <FONT size=1 face="sans-serif">/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">11,107,300</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=10%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">Met. Transportation Auth. Rev.,</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">1,850</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 11/15/30, Ser. A (FSA)</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">1,923,704</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">10,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.25%, 11/15/31, Ser. E</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">A2</FONT>
        <FONT size=1 face="sans-serif">/A</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">10,549,900</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">7,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">Met. Transportation Auth. Service Contract Rev., 5.35%, 7/1/31, Ser. B</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">A1</FONT>
        <FONT size=1 face="sans-serif">/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">7,437,360</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">4,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">New York City, GO, 5.00%, 3/1/33, Ser. I</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">A1</FONT>
        <FONT size=1 face="sans-serif">/AA-</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">4,125,000</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=10%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">New York City Health &amp; Hospital Corp. Rev.,</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">1,100</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.375%, 2/15/26, Ser. A</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">A2</FONT>
        <FONT size=1 face="sans-serif">/A-</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">1,141,668</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">2,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.45%, 2/15/26, Ser. A</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">A2</FONT>
        <FONT size=1 face="sans-serif">/A-</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">2,091,720</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=10%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">New York City Industrial Dev. Agcy. Rev.,</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">1,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Eger Harbor, 4.95%, 11/20/32 (GNMA)</FONT>
	</TD>
	<TD align=center>
      <center>
        <FONT size=1 face="sans-serif">NR/AA+</FONT>
      </center></TD>
	<TD align=center>&nbsp;</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">1,025,000</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">1,500</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Staten Island Univ. Hospital, 5.00%, 7/1/27</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aa2</FONT>
        <FONT size=1 face="sans-serif">/NR</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">1,572,060</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">1,230</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">United Jewish Appeal Fed., 6.45%, 7/1/32</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">B2</FONT>
        <FONT size=1 face="sans-serif">/NR</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">1,267,650</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">3,055</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">New York City Municipal Water Finance Auth., Water &amp; Sewer System Rev.,</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

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

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">4.75%, 6/15/25, Ser. D (MBIA-IBC)</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">3,096,792</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">10,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">New York City Transitional Finance Auth. Rev., 5.00%, 11/1/27, Ser. B</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aa1</FONT>
        <FONT size=1 face="sans-serif">/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">10,418,300</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">3,600</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">Port Auth. New York &amp; New Jersey Rev., 5.00%, 4/15/32, Ser. 125 (FSA)</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">3,783,852</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">7,500</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">State Dormitory Auth. Lease Rev., State Univ. Dormitory Facs.,</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

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

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 7/1/32, (Pre-refunded @ &#36;100, 7/1/12) (a)</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aa3</FONT>
        <FONT size=1 face="sans-serif">/AA-</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">8,018,025</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=10%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">State Dormitory Auth. Rev.,</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">2,600</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Catholic Health of Long Island, 5.10%, 7/1/34</FONT>
	</TD>
	<TD width=11% align=center>
      <center>
        <FONT size=1 face="sans-serif">Baa1/BBB</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">2,662,088</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">2,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Kaleida Health Hospital, 5.05%, 2/15/25 (FHA)</FONT>
	</TD>
	<TD width=11% align=center>
      <center>
        <FONT size=1 face="sans-serif">NR/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">2,094,620</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">5,300</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Lenox Hill Hospital, 5.50%, 7/1/30</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Ba2</FONT>
        <FONT size=1 face="sans-serif">/NR</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">5,397,149</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">1,400</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Long Island Univ., 5.25%, 9/1/28 (Radian)</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aa3</FONT>
        <FONT size=1 face="sans-serif">/AA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">1,466,780</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">8,850</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">North General Hospital, 5.00%, 2/15/25</FONT>
	</TD>
	<TD width=11% align=center>
      <center>
        <FONT size=1 face="sans-serif">NR/AA-</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">9,159,839</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">5,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Saint Barnabas Hospital, 5.00%, 2/1/31, Ser. A (AMBAC-FHA)</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">5,185,850</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">1,500</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Sloan-Kettering Center Memorial, 5.00%, 7/1/34, Ser. 1</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aa2</FONT>
        <FONT size=1 face="sans-serif">/AA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">1,551,540</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">8,600</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">State Personal Income Tax, 5.00%, 3/15/32, (Pre-refunded @ &#36;100, 3/15/13) (a)</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aa3</FONT>
        <FONT size=1 face="sans-serif">/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">9,258,244</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">1,250</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Student Housing Corp., 5.125%, 7/1/34 (FGIC)</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">1,327,175</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">4,270</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Teachers College, 5.00%, 7/1/32 (MBIA)</FONT>
	</TD>
	<TD width=11% align=center>
      <center>
        <FONT size=1 face="sans-serif">Aaa/NR</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">4,451,219</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">2,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Yeshiva Univ., 5.125%, 7/1/34 (AMBAC)</FONT>
	</TD>
	<TD width=11% align=center>
      <center>
        <FONT size=1 face="sans-serif">Aaa/NR</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">2,123,480</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=10%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">State Environmental Facs. Corp. Rev.,</FONT>
	</TD>
	<TD width=11% align=left>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">7,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 10/15/35</FONT>
	</TD>
	<TD width=11% align=center>
      <center>
        <FONT size=1 face="sans-serif">AAA/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">7,403,900</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">2,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">State Clean Water &amp; Drinking Rev., 5.125%, 6/15/31</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">2,111,700</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">6,100</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">State Urban Dev. Corp. Personal Income Tax Rev.,</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

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

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &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>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aa3</FONT>
        <FONT size=1 face="sans-serif">/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">6,566,894</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=10%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">Tobacco Settlement Asset Backed, Inc. Rev., Ser.1,</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">25,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 6/1/34</FONT>
	</TD>
	<TD width=11% align=center>
      <center>
        <FONT size=1 face="sans-serif">NR/BBB</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">25,036,250</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">25,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.75%, 7/15/32, (Pre-refunded @ &#36;100, 7/15/12) (a)</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">27,717,500</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">10,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">6.375%, 7/15/39, (Pre-refunded @ &#36;101, 7/15/09) (a)</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">10,845,600</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=10%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">Triborough Bridge &amp; Tunnel Auth. Rev. (FGIC-TCRS),</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">710</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 1/1/32</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">737,811</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">3,990</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 1/1/32, (Pre-refunded @ &#36;100, 1/1/12) (a)</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">4,254,058</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">2,000</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">Warren &amp; Washington Cntys. Industrial Dev. Agcy. Fac. Rev., Glens Falls Hospital,</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

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

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 12/1/35, Ser. A (FSA)</FONT>
	</TD>
	<TD width=11% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD align=right width=9%>
<FONT size=1 face="sans-serif">2,081,100</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=10%>
<FONT size=1 face="sans-serif">750</FONT>
	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">Westchester Cnty. Industrial Dev. Agcy. Continuing Care Retirement Rev.,</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2%>&nbsp;

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

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

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Kendal on Hudson, 6.50%, 1/1/34</FONT>
	</TD>
	<TD width=11% align=center>
      <center>
        <FONT size=1 face="sans-serif">NR/NR</FONT>
      </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2% style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right width=9% style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">796,035</FONT>
	</TD>
</TR>
<TR>
	<TD colspan=7>&nbsp;

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

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=56%>
<FONT size=1 face="sans-serif">Total New York Municipal Bonds &amp; Notes (cost&#151;&#36;190,295,615)</FONT>
	</TD>
	<TD align=left width=11%>

	  <center>
    </center></TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=2% style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right width=9% style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">203,666,084</FONT>
	</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, 2006 (unaudited)</FONT>
<hr noshade size=1>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD colspan="2" align=right>
      <center>
        <FONT size=1 face="sans-serif">Principal</FONT>
      </center>	</TD>
	<TD width=60% align=left>&nbsp;

	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width=1% align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

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

	</TD>
	<TD width=10% align=left>

	  <center>
        <FONT size=1 face="sans-serif">Credit Rating</FONT>          </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD colspan="2" align=right style="border-bottom:3px solid #000000;">      <center>
        <FONT size=1 face="sans-serif">(000</FONT><FONT size=1 face="sans-serif">)</FONT>
      </center>    <center>
      </center></TD>
  <TD width="60%" align=left style="border-bottom:3px solid #000000;"><center>
&nbsp;
  </center></TD>
  <TD width=10% align=left style="border-bottom:3px solid #000000;"><center>
      <FONT size=1 face="sans-serif">(Moody's/S&amp;P)</FONT>
  </center></TD>
  <TD  width=5% style="border-bottom:3px solid #000000;"><center>
&nbsp;
  </center></TD>
  <TD colspan="3" align=center style="border-bottom:3px solid #000000;"><center>
    </center>
      <center>
    </center>      <FONT size=1 face="sans-serif">Value*</FONT> </TD>
  </TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<B><FONT size=2 face="sans-serif">OTHER MUNICIPAL BONDS &amp; NOTES&#151;6.7%</FONT></B>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<B><FONT size=1 face="sans-serif">California&#151;3.3%</FONT></B>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">Alameda Unified School Dist., Alameda Cnty., GO, Ser. A (FSA),</FONT>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">&#36;&nbsp;&nbsp;3,500</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">zero coupon, 8/1/24</FONT>
	</TD>
	<TD width=10% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=right>
      <div align="left"><FONT size=1 face="sans-serif">&#36;</FONT>
      </div></TD>
	<TD width=8% align=right>
      <FONT size=1 face="sans-serif">1,558,655</FONT>
    </TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">3,000</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">zero coupon, 8/1/25</FONT>
	</TD>
	<TD width=10% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>
<FONT size=1 face="sans-serif">1,272,240</FONT>
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">5,000</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">California Cnty., Tobacco Settlement Agcy. Rev., zero coupon, 6/1/28</FONT>
	</TD>
	<TD width=10% align=right>
      <center>
        <FONT size=1 face="sans-serif">Baa3/NR</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>
<FONT size=1 face="sans-serif">4,113,950</FONT>
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">3,130</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">Covina Valley Unified School Dist., GO, zero coupon, 6/1/25, Ser. B (FGIC)</FONT>
	</TD>
	<TD width=10% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aaa/AAA</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD width=8% align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">1,337,449</FONT>
	</TD>
    <TD width=1% align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

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

	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD width=8% align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">8,282,294</FONT>
	</TD>
    <TD width=1% align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<B><FONT size=1 face="sans-serif">Colorado&#151;0.1%</FONT></B>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">210</FONT>
	</TD>
	<TD width="6%" align=left>&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>
	</TD>
	<TD width=10% align=center>
      <center>
        <FONT size=1 face="sans-serif">Aaa/NR</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD width=8% align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">102,557</FONT>
	</TD>
    <TD width=1% align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<B><FONT size=1 face="sans-serif">Puerto Rico&#151;3.3%</FONT></B>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">5,675</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">Children's Trust Fund, Tobacco Settlement Rev., 5.625%, 5/15/43</FONT>
	</TD>
	<TD width=10% align=center>
      <center>
        <FONT size=1 face="sans-serif">Baa3/BBB</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>
<FONT size=1 face="sans-serif">5,871,071</FONT>
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,500</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">Commonwealth Highway &amp; Transportation Auth. Rev.,</FONT>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.25%, 7/1/38, Ser. D, (Pre-refunded @ &#36;100, 7/1/12) (a)</FONT>
	</TD>
	<TD width=10% align=center>
      <center>
        <FONT size=1 face="sans-serif">Baa3/AAA</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>
<FONT size=1 face="sans-serif">1,627,185</FONT>
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">750</FONT>
	</TD>
	<TD width="6%" align=left>&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>
	</TD>
	<TD width=10% align=right>
      <center>
        <FONT size=1 face="sans-serif">A3/BBB+</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD width=8% align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">781,238</FONT>
	</TD>
    <TD width=1% align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

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

	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD width=8% align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">8,279,494</FONT>
	</TD>
    <TD width=1% align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">Total Other Municipal Bonds &amp; Notes (cost&#151;&#36;15,488,525)</FONT>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD width=8% align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">16,664,345</FONT>
	</TD>
    <TD width=1% align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<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;10.1%</FONT></B>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">561</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">Liberty Dev. Corp. Rev., 14.36%, 10/1/35, Ser. 1251</FONT>
	</TD>
	<TD width=10% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aa3</FONT>
        <FONT size=1 face="sans-serif">/NR</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>
<FONT size=1 face="sans-serif">1,052,812</FONT>
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">5,595</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">Long Island Power Auth. Electric System Rev.,</FONT>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">11.66%, 12/1/26, Ser. 339 (MBIA-IBC)(b)</FONT>
	</TD>
	<TD width=10% align=center>
      <center>
        <FONT size=1 face="sans-serif">Aaa/NR</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>
<FONT size=1 face="sans-serif">6,674,555</FONT>
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">715</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">Mortgage Agcy. Rev., 9.176%, 10/1/27, Ser. 1199</FONT>
	</TD>
	<TD width=10% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aa1</FONT>
        <FONT size=1 face="sans-serif">/NR</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>
<FONT size=1 face="sans-serif">783,905</FONT>
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">New York City Municipal Water Finance Auth., Water &amp; Sewer System Rev. </FONT>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,250</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">7.423%, 6/15/32</FONT>
	</TD>
	<TD width=10% align=center>
      <center>
        <FONT size=1 face="sans-serif">NR/NR</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>
<FONT size=1 face="sans-serif">1,394,950</FONT>
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">3,750</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">7.923%, 6/15/34</FONT>
	</TD>
	<TD width=10% align=center>
      <center>
        <FONT size=1 face="sans-serif">NR/NR</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>
<FONT size=1 face="sans-serif">4,430,550</FONT>
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,500</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">7.93%, 6/15/33, Ser. 1249</FONT>
	</TD>
	<TD width=10% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aa2</FONT>
        <FONT size=1 face="sans-serif">/NR</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>
<FONT size=1 face="sans-serif">1,540,800</FONT>
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,950</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">New York City Trust for Cultural Res. Rev., 7.417%, 2/1/34 (FGIC)</FONT>
	</TD>
	<TD width=10% align=center>
      <center>
        <FONT size=1 face="sans-serif">NR/NR</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>
<FONT size=1 face="sans-serif">2,297,061</FONT>
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">State Dormitory Auth. Rev.,</FONT>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">2,475</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">8.146%, 5/15/31 (AMBAC)</FONT>
	</TD>
	<TD width=10% align=center>
      <center>
        <FONT size=1 face="sans-serif">NR/AAA</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>
<FONT size=1 face="sans-serif">3,936,240</FONT>
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,250</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Drivers, 8.885%, 6/1/13, Ser. 931 (Radian)</FONT>
	</TD>
	<TD width=10% align=right>
      <center>
        <FONT size=1 face="sans-serif">Aa3</FONT>
        <FONT size=1 face="sans-serif">/NR</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>
<FONT size=1 face="sans-serif">1,459,900</FONT>
	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,300</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">State Urban Dev. Corp. Rev., 10.697%, 3/15/35</FONT>
	</TD>
	<TD width=10% align=center>
      <center>
        <FONT size=1 face="sans-serif">NR/AAA</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD width=8% align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">1,612,325</FONT>
	</TD>
    <TD width=1% align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">Total New York Variable Rate Notes (cost&#151;&#36;23,904,591)</FONT>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD width=8% align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">25,183,098</FONT>
	</TD>
    <TD width=1% align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<B><FONT size=2 face="sans-serif">OTHER VARIABLE RATE NOTES </FONT></B><FONT size=2 face="sans-serif">(d)</FONT><B><FONT size=2 face="sans-serif">&#151;0.8%</FONT></B>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<B><FONT size=1 face="sans-serif">Puerto Rico&#151;0.8%</FONT></B>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,900</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">Public Finance Corp. Rev., 5.75%, 8/1/27, Ser. A (cost&#151;&#36;2,014,785)</FONT>
	</TD>
	<TD width=10% align=right>
      <center>
        <FONT size=1 face="sans-serif">Ba1</FONT>
        <FONT size=1 face="sans-serif">/BBB-</FONT>
      </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD width=8% align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">2,044,742</FONT>
	</TD>
    <TD width=1% align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<B><FONT size=2 face="sans-serif">U.S. TREASURY BILLS </FONT></B><FONT size=2 face="sans-serif">(e)</FONT><B><FONT size=2 face="sans-serif">&#151;0.5%</FONT></B>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">1,095</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<FONT size=1 face="sans-serif">4.72%-4.93%, 9/14/06 (cost&#151;&#36;1,093,097)</FONT>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD width=8% align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">1,093,097</FONT>
	</TD>
    <TD width=1% align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<B><FONT size=1 face="sans-serif">Total Investments before options written </FONT></B><FONT size=1 face="sans-serif">(cost&#151;&#36;232,796,613)&#151;<b>100.1%</b></FONT>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD width=8% align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">248,651,366</FONT>
	</TD>
    <TD width=1% align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<B><FONT size=2 face="sans-serif">OPTIONS WRITTEN </FONT></B><FONT size=2 face="sans-serif">(f)</FONT><B><FONT size=2 face="sans-serif">&#151;(0.1)%</FONT></B>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<U><FONT size=1 face="sans-serif">Contracts</FONT></U>
	</TD>
	<TD width="6%" align=left>&nbsp;

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

	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
<B><FONT size=1 face="sans-serif">Call Options&#151;(0.1)%</FONT></B>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&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>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left>&nbsp;

	</TD>
	<TD width=8% align=right>&nbsp;

	</TD>
    <TD width=1% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=right>
<FONT size=1 face="sans-serif">341</FONT>
	</TD>
	<TD width="6%" align=left>&nbsp;

	</TD>
	<TD width="60%" align=left>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">strike price &#36;108, expires 11/21/06 (premiums received&#151;&#36;62,829)</FONT>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD width=8% align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">(181,156</FONT>
	</TD>
    <TD width=1% align=left style="border-bottom:1px solid #000000;"><font size="1" face="sans-serif">)</font></TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=9% align=left>&nbsp;

	</TD>
	<TD width="6%" align=left>&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&#151;&#36;232,733,784)&#151;</FONT><B><FONT size=1 face="sans-serif">100.0%</FONT></B>
	</TD>
	<TD width=10% align=left>

	  <center>
    </center></TD>
	<TD  width=5%>&nbsp;
	</TD>
	<TD width="1%" align=right style="border-bottom:1px solid #000000;">
<B><FONT size=1 face="sans-serif">&#36;</FONT></B>
	</TD>
	<TD width=8% align=right style="border-bottom:1px solid #000000;">
<B><FONT size=1 face="sans-serif">248,470,210</FONT></B>
	</TD>
    <TD width=1% align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<BR>

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

<P align="left" style="page-break-before:always"></P><PAGE>
<P align="left">
<TABLE><TR><TD nowrap>
<B><FONT size=1 face="sans-serif">Notes to Schedule of Investments:</FONT></B></TD></TR></TABLE>
<p></P>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR valign="top">
	<TD width="2%" nowrap>
<FONT size=1 face="sans-serif">*</FONT></TD>
	<TD colspan=2>
<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 are fair-valued, in good faith, pursuant to guidelines established by the Board of Trustees. The Fund&#146;s investments are valued daily
using prices supplied by an independent pricing service or dealer quotations, or using the last sale price on the exchange that is the primary market for such securities, or the last quoted mean price for those securities for which the
over-the-counter market is the primary market or for listed securities in which there were no sales. Independent pricing services use 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 securities maturing in 60 days or less are valued at amortized cost, if
their original term to maturity was 60 days or less, or by amortizing their value on the 61st 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 as of the close of regular trading (normally, 4:00 p.m. Eastern time) on the New York Stock Exchange ("NYSE") on each day the NYSE is open for
business.</FONT></TD>
</TR>
<TR valign="top">
<TD width="2%">&nbsp;</TD>
<TD width="6%" nowrap>
<FONT size=1 face="sans-serif">(a)</FONT></TD>
	<TD width=92%>
<FONT size=1 face="sans-serif">Pre-refunded bonds are 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 (payment date)
and/or whose interest rates vary with changes in a designated base rate (such as the prime interest rate).</FONT></TD>
</TR>
<TR valign="top">
<TD width="2%">&nbsp;</TD>
<TD width="6%" nowrap>
<FONT size=1 face="sans-serif">(b)</FONT></TD>
	<TD width=92%>
<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></TD>
</TR>
  <TR valign="top">
    <TD width="2%" nowrap>&nbsp;</TD>
    <TD width="6%" valign="middle" nowrap><FONT size=1 face="sans-serif">(c)</FONT></TD>
    <TD width=92% valign="middle"><FONT size=1 face="sans-serif">Residual Interest Municipal
        Bonds ("RIBS")/Residual Interest Tax Exempt Bonds ("RITES") - The interest
        rate shown bears an inverse relationship to the interest rate on another
        security or the value of an index.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD width="2%" nowrap>&nbsp;</TD>
    <TD width="6%" nowrap><FONT size=1 face="sans-serif">(d)</FONT></TD>
    <TD width=92%><FONT size=1 face="sans-serif">Variable Rate Notes - Instruments
        whose interest rates change on 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 interest
        rate disclosed reflects the rate in effect on August 31, 2006.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD width="2%" nowrap>&nbsp;</TD>
    <TD width="6%" valign="middle" nowrap><FONT size=1 face="sans-serif">(e)</FONT></TD>
    <TD width=92% valign="middle"><FONT size=1 face="sans-serif">All or partial amount segregated
        as collateral for options written and futures contracts.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD width="2%" nowrap>&nbsp;</TD>
    <TD width="6%" nowrap><FONT size=1 face="sans-serif">(f)</FONT></TD>
    <TD width=92%><FONT size=1 face="sans-serif">Non-income producing.<br>
</FONT> </TD>
  </TR>
</TABLE>
<p>&nbsp;</p>
<P align="left">
<B><U><FONT size=1 face="sans-serif">Glossary</FONT></U></B></P>
<P align="left">
<FONT size=1 face="sans-serif">AMBAC - insured by American Municipal Bond Assurance
Corp. <br>
FGIC - insured by Financial Guaranty Insurance Co.<br>
</FONT><FONT size=1 face="sans-serif">FHA
- - insured by Federal Housing Administration <br>
FSA - insured by Financial Security
Assurance, Inc.<br>
</FONT><FONT size=1 face="sans-serif">GNMA - insured by Government
National Mortgage Association <br>
GO - General Obligation Bond <br>
IBC - Insurance Bond
Certificate <br>
MBIA - insured by Municipal Bond Investors Assurance <br>
NR - Not Rated
<br>
Radian - insured by Radian  Guaranty, Inc.<br>
</FONT><FONT size=1 face="sans-serif">TCRS
- - Temporary Custodian Receipts</FONT></P>
<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left colspan=3>
<B><FONT size=1 face="sans-serif">Other Investments:</FONT></B>
	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=left>&nbsp;

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

	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD align=left width=1%>

	  <div align="left"></div></TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=3%>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=15>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<FONT size=1 face="sans-serif">(1) Futures contracts outstanding at August 31, 2006:</FONT>
	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=left>&nbsp;

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

	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD align=left width=1%>

	  <div align="left"></div></TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=3%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=4%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD align=left width=39%>&nbsp;

	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=left>&nbsp;

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

	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD align=right width=1%>

	  <div align="left"></div></TD>
	<TD align=right width=6%>&nbsp;
	</TD>
	<TD align=left width=3%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=4%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD align=left width=39%>&nbsp;

	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD colspan="2" align=left>
      <center>
      </center></TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>	  <center>
      </center></TD>
	<TD align=right><center>
	  <font size=1 face="sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
    </center></TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD colspan="2" align=right>

	  <div align="left"></div>      	</TD>
	<TD align=left width=3%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=4% style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD  width=1% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=left width=39% style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">Type<br>
</FONT>
	</TD>
	<TD  width=6% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD colspan="2" align=left style="border-bottom:1px solid #000000;">
      <center>
        <FONT size=1 face="sans-serif">Notional<br>
Amount<br>
(000)<br>
</FONT>
      </center></TD>
	<TD align=left width=2% style="border-bottom:1px solid #000000;">&nbsp;
</TD>
	<TD  width=1% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD width=8% align=left style="border-bottom:1px solid #000000;"> <center>
    &nbsp;    </center></TD>
	<TD width=6% align=left style="border-bottom:1px solid #000000;"><center>
	  <font size=1 face="sans-serif">Expiration<br>
Date<br>
</font>
    </center></TD>
	<TD align=left width=1% style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD  width=15% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD colspan="2" align=right style="border-bottom:1px solid #000000;">


      <center>
        <FONT size=1 face="sans-serif">Unrealized<br>
  Appreciation<br>
  (Depreciation)<br>
</FONT>      </center></TD>
	<TD align=left width=3% style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=4%>
<FONT size=1 face="sans-serif">Long:</FONT>
	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD align=left width=39%>
<FONT size=1 face="sans-serif">U.S. Treasury Notes 5 yr. Futures December 2006</FONT>
	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=right width=1%>
<FONT size=1 face="sans-serif">&#36;</FONT>
	</TD>
	<TD align=right width=6%>
<FONT size=1 face="sans-serif">2,330</FONT>
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=right>
<FONT size=1 face="sans-serif">12/31/06</FONT>
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD align=right width=1%>
      <div align="left"><FONT size=1 face="sans-serif">&#36;</FONT>
      </div></TD>
	<TD align=right width=6%>
<FONT size=1 face="sans-serif">54,609</FONT>
	</TD>
	<TD align=left width=3%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=4%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD align=left width=39%>
<FONT size=1 face="sans-serif">U.S. Treasury Notes 10 yr. Futures December 2006</FONT>
	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=right width=6%>
<FONT size=1 face="sans-serif">390</FONT>
	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=right>
<FONT size=1 face="sans-serif">12/19/06</FONT>
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD align=left width=1%>

	  <div align="left"></div></TD>
	<TD align=right width=6%>
<FONT size=1 face="sans-serif">17,063</FONT>
	</TD>
	<TD align=left width=3%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=4%>
<FONT size=1 face="sans-serif">Short:</FONT>
	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD align=left width=39%>
<FONT size=1 face="sans-serif">U.S. Treasury Bond Futures September 2006</FONT>
	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=right width=6%>
<FONT size=1 face="sans-serif">(680</FONT>
	</TD>
	<TD align=left width=2%>
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=right>
<FONT size=1 face="sans-serif">9/20/06</FONT>
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD align=left width=1%>

	  <div align="left"></div></TD>
	<TD align=right width=6%>
<FONT size=1 face="sans-serif">(251,125</FONT>
	</TD>
	<TD align=left width=3%>
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=4%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD align=left width=39%>
<FONT size=1 face="sans-serif">U.S. Treasury Bond Futures December 2006</FONT>
	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=right width=6%>
<FONT size=1 face="sans-serif">(3,030</FONT>
	</TD>
	<TD align=left width=2%>
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=right>
<FONT size=1 face="sans-serif">12/19/06</FONT>
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD align=left width=1%>

	  <div align="left"></div></TD>
	<TD align=right width=6%>
<FONT size=1 face="sans-serif">(52,078</FONT>
	</TD>
	<TD align=left width=3%>
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=4%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD align=left width=39%>
<FONT size=1 face="sans-serif">U.S. Treasury Notes 10 yr. Futures September 2006</FONT>
	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=right width=6%>
<FONT size=1 face="sans-serif">(820</FONT>
	</TD>
	<TD align=left width=2%>
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=right>
<FONT size=1 face="sans-serif">9/20/06</FONT>
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD align=left width=1% style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=right width=6% style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">(34,594</FONT>
	</TD>
	<TD align=left width=3% style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=4%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD align=left width=39%>&nbsp;

	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=left>&nbsp;

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

	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD align=right width=1% style="border-bottom:3px solid #000000;">
      <div align="left"><FONT size=1 face="sans-serif">&#36;</FONT>
      </div></TD>
	<TD align=right width=6% style="border-bottom:3px solid #000000;">
<FONT size=1 face="sans-serif">(266,125</FONT>
	</TD>
	<TD align=left width=3% style="border-bottom:3px solid #000000;">
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
</TR>
<TR>
	<TD colspan=15>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<FONT size=1 face="sans-serif">(2) Transactions in options written for the three months ended August 31, 2006:</FONT>
	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=left>&nbsp;

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

	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD align=left width=1%>

	  <div align="left"></div></TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=3%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=4% style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD  width=1% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=left width=39% style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD  width=6% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=left width=1% style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=left width=6% style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=left width=2% style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD  width=1% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD colspan="2" align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">Contracts</FONT>
	</TD>
	<TD align=left width=1% style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD  width=15% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=left width=1% style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=right width=6% style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">Premiums</FONT>
	</TD>
	<TD align=left width=3% style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<FONT size=1 face="sans-serif">Options outstanding, May 31, 2006</FONT>
	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=right>
<FONT size=1 face="sans-serif">0</FONT>
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD align=right width=1%>
      <div align="left"><FONT size=1 face="sans-serif">&#36;</FONT>
      </div></TD>
	<TD align=right width=6%>
<FONT size=1 face="sans-serif">0</FONT>
	</TD>
	<TD align=left width=3%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<FONT size=1 face="sans-serif">Options written</FONT>
	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=right>
<FONT size=1 face="sans-serif">1,187</FONT>
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD align=left width=1%>

	  <div align="left"></div></TD>
	<TD align=right width=6%>
<FONT size=1 face="sans-serif">168,798</FONT>
	</TD>
	<TD align=left width=3%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<FONT size=1 face="sans-serif">Options expired</FONT>
	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=right>
<FONT size=1 face="sans-serif">(505</FONT>
	</TD>
	<TD align=left width=1%>
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
	<TD  width=15%>&nbsp;
	</TD>
	<TD align=left width=1%>

	  <div align="left"></div></TD>
	<TD align=right width=6%>
<FONT size=1 face="sans-serif">(59,124</FONT>
	</TD>
	<TD align=left width=3%>
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<FONT size=1 face="sans-serif">Options terminated in closing transactions</FONT>
	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=right style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">(341</FONT>
	</TD>
	<TD align=left width=1% style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
	<TD  width=15% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=left width=1% style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=right width=6% style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">(46,845</FONT>
	</TD>
	<TD align=left width=3% style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<FONT size=1 face="sans-serif">Options outstanding, August 31, 2006</FONT>
	</TD>
	<TD  width=6%>&nbsp;
	</TD>
	<TD align=left width=1%>&nbsp;

	</TD>
	<TD align=left width=6%>&nbsp;

	</TD>
	<TD align=left width=2%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD colspan="2" align=right style="border-bottom:3px solid #000000;">
<FONT size=1 face="sans-serif">341</FONT>
	</TD>
	<TD align=left width=1% style="border-bottom:3px solid #000000;">&nbsp;

	</TD>
	<TD  width=15% style="border-bottom:3px solid #000000;">&nbsp;
	</TD>
	<TD align=right width=1% style="border-bottom:3px solid #000000;">
      <div align="left"><FONT size=1 face="sans-serif">&#36;</FONT>
      </div></TD>
	<TD align=right width=6% style="border-bottom:3px solid #000000;">
<FONT size=1 face="sans-serif">62,829</FONT>
	</TD>
	<TD align=left width=3% style="border-bottom:3px solid #000000;">&nbsp;

	</TD>
</TR>
</TABLE>
<BR>

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

<P align="left" style="page-break-before:always"></P><PAGE>
<P align="left">
<B><FONT size=2 face="serif">Item 2. Controls and Procedures</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P align="left">
<FONT 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 align="left">
<FONT 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 align="left">
<B><FONT size=2 face="serif">Item 3. Exhibits</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P align="left">
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<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>

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

<P align="left" style="page-break-before:always"></P><PAGE>
<P align="center">
<TABLE align="center">
  <TR><TD align="center" nowrap>
<B><FONT size=2 face="serif">SIGNATURES</FONT></B></TD></TR></TABLE>
<p></P>
<P align="left">
<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 align="left">
<FONT size=2 face="serif">Registrant: PIMCO New York Municipal Income Fund II </FONT></P>
<P align="left">

<FONT size=2 face="serif">By /s/ Brian S. Shlissel </FONT><BR>
<FONT size=2 face="serif">President &amp; Chief Executive Officer</FONT><BR>
<BR>
<FONT size=2 face="serif">Date: October 17, 2006 </FONT>
<p></P>
<P align="left">
<FONT size=2 face="serif">By /s/ Lawrence G. Altadonna<br>
</FONT><FONT size=2 face="serif">Treasurer,
Principal Financial &amp; Accounting Officer</FONT></P>
<P align="left">

<FONT size=2 face="serif">Date: October 17, 2006</FONT>
<p></P>
<P align="left">
<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>
<P align="left">

<FONT size=2 face="serif">By /s/ Brian S. Shlissel </FONT><BR>
<FONT size=2 face="serif">President &amp; Chief Executive Officer</FONT><BR>
<BR>
<FONT size=2 face="serif">Date: October 17, 2006 </FONT>
<p></P>
<P align="left">
<FONT size=2 face="serif">By /s/ Lawrence G. Altadonna </FONT><br>
<FONT size=2 face="serif">Treasurer, Principal Financial &amp; Accounting Officer</FONT></P>
<P align="left"><FONT size=2 face="serif">Date: October 17, 2006</FONT></P>
<P align="left">
<p></P>

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

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>c44719_ex99-cert.htm
<TEXT>

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

<BODY bgcolor="#ffffff">


<P align="right">
<TABLE align="right">
  <TR><TD align="right" nowrap>
<B><FONT size=2 face="serif">Exhibit 99.CERT</FONT></B></TD></TR></TABLE>
<p></P>
<P align="center">
<TABLE align="center">
  <TR><TD align="center" nowrap>
<B><FONT size=2 face="serif">CERTIFICATIONS</FONT></B></TD></TR></TABLE>
<p></P>
<P align="left">
<TABLE><TR><TD nowrap>
<FONT size=2 face="serif">I, Brian S. Shlissel, certify that:</FONT></TD></TR></TABLE>
<p></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 width=100% colspan=2>
<FONT size=2 face="serif">I have reviewed this report Form N-Q of PIMCO 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 width=100% 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 width=100% 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 width=100% 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 width=100%>
<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 width=100%>
<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 width=100%>
<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 width=100%>
<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 width=100% 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 width=100%>
<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 width=100%>
<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 align="left">

<FONT size=2 face="serif">Date: October 17, 2006</FONT>
<P align="left">
<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<br>
</FONT></P>
<P align="left">
<HR noshade  width="100%" size=4>

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

<TABLE><TR><TD nowrap>
<FONT size=2 face="serif">I, Lawrence G. Altadonna, certify that:</FONT></TD></TR></TABLE>
<p></P>
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<FONT size=2 face="serif">1.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<FONT size=2 face="serif">I have reviewed this report Form N-Q of PIMCO New York Municipal Income Fund II;</FONT>	</TD>
</TR>
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<FONT size=2 face="serif">2.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
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<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>
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<FONT size=2 face="serif">3.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
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<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>
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<FONT size=2 face="serif">4.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
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<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>
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<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">a.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
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<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>
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<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>
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<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">c.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
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<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>
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<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">d.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
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<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>
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<FONT size=2 face="serif">5.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
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<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>
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<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">a.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
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<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>
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<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>
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<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 align="left">
<FONT size=2 face="serif">Date: October 17, 2006</FONT></P>


<P align="left">
<FONT size=2 face="serif">Signature &amp; Title: /s/ Lawrence G. Altadonna </FONT><FONT face="serif"> </FONT><br>
<FONT size=2 face="serif">Lawrence G. Altadonna, Treasurer, Principal Financial &amp; Accounting Officer</FONT><br>
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