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<SEC-DOCUMENT>0000930413-07-008248.txt : 20071030
<SEC-HEADER>0000930413-07-008248.hdr.sgml : 20071030
<ACCEPTANCE-DATETIME>20071030113846
ACCESSION NUMBER:		0000930413-07-008248
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070831
FILED AS OF DATE:		20071030
DATE AS OF CHANGE:		20071030
EFFECTIVENESS DATE:		20071030

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:		071198454

	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>c50687_nq.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>c50687_nq.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">





<table width="100%"  border="0" cellpadding="0" cellspacing="0">
  <tr>
    <td width="15%" nowrap>&nbsp;</td>
    <td width="70%" nowrap><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></td>
    <td width="1%" style="border-bottom:1px solid #000000; border-top:1px solid #000000; border-left:1px solid #000000">&nbsp;</td>
    <td width="14%" nowrap style="border-bottom:1px solid #000000; border-top:1px solid #000000; border-right:1px solid #000000">&nbsp; &nbsp; <u><font size=1 face="serif">OMB APPROVAL</font></u><font size=1 face="serif"> <br>
      OMB
        Number: 3235-0578 &nbsp;&nbsp;<br>
      Expires: April 30, 2010 <br>
      Estimated average burden <br>
      hours
  per response: 10.5 </font></td>
  </tr>
</table>
<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">
<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, 2008 </FONT></P>
<P align="left">
<FONT size=2 face="serif">Date of Reporting Period: August 31, 2007</FONT></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 align="center" width="100%" size=4>




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

<P align="left">
<B><FONT size=2 face="serif">Item 1. Schedule of Investments </FONT></B></P><br>

<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR align="left" valign="bottom">
  <TD colspan="8" nowrap><b><font size=2 face="sans-serif">PIMCO New York Municipal
    Income Fund II Schedule of Investments</font></b></TD>
</TR>
<TR align="left" valign="bottom">
  <TD colspan="8" nowrap style="border-bottom:1px solid #000000;"><font size=1 face="sans-serif">August 31, 2007 (unaudited)</font> </TD>
  </TR>
<TR valign="bottom">
	<TD width="8%" align=center nowrap>
<FONT size=1 face="sans-serif">Principal</FONT>
	</TD>
	<TD width="3%" align=left nowrap>&nbsp;

	</TD>
	<TD width="63%" align=left nowrap>&nbsp;

	</TD>
	<TD width="12%" align=center nowrap>&nbsp;

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

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

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

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

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

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center nowrap style="border-bottom:3px solid #000000;">
<FONT size=1 face="sans-serif">(000</FONT><font size=1 face="sans-serif">)</font>
	</TD>
	<TD align=left nowrap style="border-bottom:3px solid #000000;">&nbsp;
</TD>
	<TD align=left nowrap style="border-bottom:3px solid #000000;">&nbsp;

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

	</TD>
	<TD align=right nowrap style="border-bottom:3px solid #000000;">&nbsp;

	</TD>
	<TD align=right nowrap style="border-bottom:3px solid #000000;">
<FONT size=1 face="sans-serif">Value*</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:3px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<B><FONT size=2 face="sans-serif">NEW YORK MUNICIPAL BONDS &amp; NOTES&#151;89.4%</FONT></B>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Buffalo Municipal Water Finance Auth., Water System Rev.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

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

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 7/1/27</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>&nbsp;
	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">&#36;265,128</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.125%, 7/1/32</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,065,990</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">2,400</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">2,364,000</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Erie Cnty. Tobacco Asset Securitization Corp. Rev.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

	</TD>
	<TD align=left nowrap>
 &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 align=center nowrap>
<FONT size=1 face="sans-serif">NR/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">10,845,900</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Liberty Dev. Corp. Rev.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">2,500</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.25%, 10/1/35 (g)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aa3/AA-</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;
</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">2,582,125</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,700</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.50%, 10/1/37</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aa3/AA-</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;
	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,820,360</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Metropolitan Transportation Auth. Rev.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,882,005</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">10,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">10,264,100</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">7,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.35%, 7/1/31, Ser. B</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">A1</FONT><font size=1 face="sans-serif">/AAA</font>
	</TD>
	<TD align=left nowrap>&nbsp;
</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">7,233,450</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">4,130</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Mortgage Agcy. Rev., 4.75%, 10/1/27, Ser. 128 (g)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aa1</FONT><font size=1 face="sans-serif">/NR</font>
	</TD>
	<TD align=left nowrap>&nbsp;
	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">3,984,748</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">4,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">New York City, GO, 5.00%, 3/1/33, Ser. I</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aa3/AA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;
</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">4,032,400</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.375%, 2/15/26</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">A1</FONT><font size=1 face="sans-serif">/A</font>
	</TD>
	<TD align=left nowrap>&nbsp;
</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,111,858</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">2,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.45%, 2/15/26</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">A1/A</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;
	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">2,037,000</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">New York City Industrial Dev. Agcy. Rev.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">975</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">943,556</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,415</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Liberty Interactive Corp., 5.00%, 9/1/35</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Baa3/BBB-</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,326,025</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,220</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Staten Island Univ. Hospital, 6.45%, 7/1/32</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">B2</FONT><font size=1 face="sans-serif">/NR</font>
	</TD>
	<TD align=left nowrap>&nbsp;
</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,250,171</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,500</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">United Jewish Appeal Fed., 5.00%, 7/1/27</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aa1</FONT><font size=1 face="sans-serif">/NR</font>
	</TD>
	<TD align=left nowrap>&nbsp;
	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,531,170</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">7,500</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">4.50%, 6/15/33, Ser. C (g)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">NR/NR</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">7,052,550</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">3,055</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">3,067,189</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">5,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 6/15/32, Ser. A (g)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aa2</FONT><font size=1 face="sans-serif">/AA+</font>
	</TD>
	<TD align=left nowrap>&nbsp;
	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">5,051,000</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">15,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.125%, 6/15/34, Ser. A (g)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aa2/AA+</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;
	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">15,288,150</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">10,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">10,208,700</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">7,785</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">New York City Trust for Cultural Res. Rev., 5.00%, 2/1/34 (FGIC)(g)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">7,929,801</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">3,600</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<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 align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">3,691,440</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">7,500</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">State Dormitory Auth. Lease Rev., State Univ. Dormitory Facs.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=left nowrap>
 &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 align=center nowrap>
<FONT size=1 face="sans-serif">Aa3/AA-</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;
	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">7,936,800</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">State Dormitory Auth. Rev.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">2,461,784</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">7,490</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Court Facs., 5.50%, 5/15/31, Ser. A (AMBAC)(g)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">NR/NR</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">8,351,725</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">2,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">2,017,440</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">5,300</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">5,304,876</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Long Island Univ. (Radian),</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,320</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.25%, 9/1/28</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aa3/AA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;
	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,310,034</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">80</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.25%, 9/1/28, (Pre-refunded @ &#36;102, 9/1/09) (a)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aa3/AA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;
	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">83,891</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">8,850</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">8,929,473</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">5,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Rochester Hospital, 5.00%, 12/1/35 (Radian)(g)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">NR/NR</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">4,571,100</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,500</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,504,395</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">5,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">5,095,500</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">8,600</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &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 align=center nowrap>
<FONT size=1 face="sans-serif">Aa3/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;
</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">9,140,940</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,250</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Student Housing Corp., 5.125%, 7/1/34, (Pre-refunded @ &#36;100, 7/1/14) (FGIC)(a)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,350,200</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">4,270</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">4,350,233</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">2,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">2,061,940</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
</TABLE>
<BR>

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



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


<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR align="left" valign="bottom">
    <TD colspan="8" nowrap><b><font size=2 face="sans-serif">PIMCO New York Municipal
          Income Fund II Schedule of Investments</font></b></TD>
  </TR>
  <TR align="left" valign="bottom">
    <TD colspan="8" nowrap style="border-bottom:1px solid #000000;"><font size=1 face="sans-serif">August
        31, 2007 (unaudited)</font> </TD>
  </TR>
  <TR valign="bottom">
    <TD width="8%" align=center nowrap><FONT size=1 face="sans-serif">Principal</FONT> </TD>
    <TD width="3%" align=left nowrap>&nbsp;</TD>
    <TD width="63%" align=left nowrap>&nbsp;</TD>
    <TD width="12%" align=center nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap>&nbsp;</TD>
    <TD width="1%" align=right nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap>&nbsp;</TD>
    <TD width="1%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=1 face="sans-serif">Amount</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=center nowrap><FONT size=1 face="sans-serif">Credit Rating</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:3px solid #000000;"><FONT size=1 face="sans-serif">(000</FONT><font size=1 face="sans-serif">)</font> </TD>
    <TD align=left nowrap style="border-bottom:3px solid #000000;">&nbsp;</TD>
    <TD align=left nowrap style="border-bottom:3px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:3px solid #000000;"><FONT size=1 face="sans-serif">(Moody's/S&amp;P)</FONT> </TD>
    <TD align=left nowrap style="border-bottom:3px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:3px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:3px solid #000000;"><FONT size=1 face="sans-serif">Value*</FONT> </TD>
    <TD align=right nowrap style="border-bottom:3px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">&#36;2,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">State Environmental Facs. Corp., State Clean Water &amp; Drinking Rev.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.125%, 6/15/31</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>&nbsp;
</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">&#36;2,049,600</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">6,100</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">State Urban Dev. Corp., Personal Income Tax Rev.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=left nowrap>
 &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 align=center nowrap>
<FONT size=1 face="sans-serif">Aa3/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;
</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">6,483,690</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Tobacco Settlement Asset Backed, Inc. Rev., Ser.1,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">23,591,500</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">25,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &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 align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">27,236,500</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">10,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &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 align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">10,575,200</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.00%, 1/1/32</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">722,084</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">3,990</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &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 align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">4,208,293</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">2,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Warren &amp; Washington Cntys. Industrial Dev. Agcy. Fac. Rev., GlensFalls Hospital,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

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

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">2,028,740</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">750</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Westchester Cnty. Industrial Dev. Agcy. Continuing Care Retirement Rev.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

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

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

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

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">Kendal on Hudson, 6.50%, 1/1/34</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">NR/NR</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">775,402</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

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

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

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Total New York Municipal Bonds &amp; Notes (cost&#151;&#36;242,436,512)</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>&nbsp;</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">248,970,156</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<B><FONT size=2 face="sans-serif">OTHER MUNICIPAL BONDS &amp; NOTES&#151;6.6%</FONT></B>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=left nowrap>
<B><FONT size=1 face="sans-serif">California&#151;2.9%</FONT></B>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

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

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">3,500</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">zero coupon, 8/1/24</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,543,990</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">3,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">zero coupon, 8/1/25</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,254,300</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">3,130</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Covina Valley Unified School Dist., GO, zero coupon, 6/1/25, Ser. B (FGIC)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,319,326</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">5,000</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Tobacco Securitization Agcy. Rev., Los Angeles Cnty., zero coupon, 6/1/28</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Baa3/NR</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">3,884,750</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

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

	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">8,002,366</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

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

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

	</TD>
	<TD align=left nowrap>
<B><FONT size=1 face="sans-serif">Colorado&#151;0.0%</FONT></B>
	</TD>
	<TD align=center nowrap>&nbsp;

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

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

	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">210</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Dawson Ridge Dist. No. 1, GO, zero coupon, 10/1/22, Ser. A</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/NR</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">103,496</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

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

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

	</TD>
	<TD align=left nowrap>
<B><FONT size=1 face="sans-serif">Puerto Rico&#151;3.7%</FONT></B>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">5,517,178</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,500</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Commonwealth Highway &amp; Transportation Auth. Rev.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=left nowrap>
 &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 align=center nowrap>
<FONT size=1 face="sans-serif">Baa3/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,603,800</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">750</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Electric Power Auth. Power Rev.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">5.125%, 7/1/29, Ser. NN, (Pre-refunded @ &#36;100, 7/1/13) (a)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">A3</FONT><font size=1 face="sans-serif">/BBB+</font>
	</TD>
	<TD align=left nowrap>&nbsp;
</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">802,238</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Puerto Rico Sales Tax Financing Corp. Rev.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">14,250</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">zero coupon, 8/1/54, Ser. A (AMBAC)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,265,115</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">12,900</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">zero coupon, 8/1/56, Ser. A</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">A1/A+</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;
</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">943,506</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

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

	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">10,131,837</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

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

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

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Total Other Municipal Bonds &amp; Notes (cost&#151;&#36;18,210,624)</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">18,237,699</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap 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;2.7%</FONT></B>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">5,595</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Long Island Power Auth. Electric System Rev.,</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

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

	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">9.22%, 12/1/26, Ser. 339 (MBIA-IBC)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Aaa/NR</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">6,209,891</FONT>
	</TD>
    <TD align=right nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">1,300</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">State Urban Dev. Corp. Rev., 8.417%, 3/15/35</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">NR/AAA</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">1,389,440</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

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

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

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Total New York Variable Rate Notes (cost&#151;&#36;6,759,180)</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>&nbsp;</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">7,599,331</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<BR>

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



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



<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR align="left" valign="bottom">
    <TD colspan="8" nowrap><b><font size=2 face="sans-serif">PIMCO New York Municipal
          Income Fund II Schedule of Investments</font></b></TD>
  </TR>
  <TR align="left" valign="bottom">
    <TD colspan="8" nowrap style="border-bottom:1px solid #000000;"><font size=1 face="sans-serif">August
        31, 2007 (unaudited)</font> </TD>
  </TR>
  <TR valign="bottom">
    <TD width="8%" align=center nowrap><FONT size=1 face="sans-serif">Principal</FONT> </TD>
    <TD width="3%" align=left nowrap>&nbsp;</TD>
    <TD width="63%" align=left nowrap>&nbsp;</TD>
    <TD width="12%" align=center nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap>&nbsp;</TD>
    <TD width="1%" align=right nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap>&nbsp;</TD>
    <TD width="1%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=1 face="sans-serif">Amount</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=center nowrap><FONT size=1 face="sans-serif">Credit Rating</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:3px solid #000000;"><FONT size=1 face="sans-serif">(000</FONT><font size=1 face="sans-serif">)</font> </TD>
    <TD align=left nowrap style="border-bottom:3px solid #000000;">&nbsp;</TD>
    <TD align=left nowrap style="border-bottom:3px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:3px solid #000000;"><FONT size=1 face="sans-serif">(Moody's/S&amp;P)</FONT> </TD>
    <TD align=left nowrap style="border-bottom:3px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:3px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:3px solid #000000;"><FONT size=1 face="sans-serif">Value*</FONT> </TD>
    <TD align=right nowrap style="border-bottom:3px solid #000000;">&nbsp;</TD>
  </TR>

<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap 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;0.7%</FONT></B>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=left nowrap>
<B><FONT size=1 face="sans-serif">Puerto Rico&#151;0.7%</FONT></B>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right nowrap>&nbsp;

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

	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">&#36;1,900</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Public Finance Corp. Rev., 5.75%, 8/1/27, Ser. A (cost&#151;&#36;1,995,608)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Ba1/BBB-</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">&#36;2,010,979</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

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

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

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

	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">915</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">New York City Transitional Finance Auth. Rev.,</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

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

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

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

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

	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=1 face="sans-serif">3.93%, 9/4/07, Ser. 1 (cost&#151;&#36;915,000)</FONT>
	</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">VMIG1/A-1+</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">915,000</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3> <b><font size=2 face="sans-serif">U</font></b><B><FONT size=2 face="sans-serif">.S. TREASURY BILLS </FONT></B><FONT size=2 face="sans-serif">(f)</FONT><B><FONT size=2 face="sans-serif">&#151;0.3%</FONT></B>
	</TD>
	<TD align=left nowrap>&nbsp;

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

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

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

	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">1.70%-4.77%, 9/13/07 (cost&#151;&#36;708,931)</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>&nbsp;</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">708,931</FONT>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=8>&nbsp;

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

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

	</TD>
	<TD align=left nowrap>
<B><FONT size=1 face="sans-serif">Total Investments </FONT></B><FONT size=1 face="sans-serif">(cost&#151;&#36;271,025,855)</FONT><B><FONT size=1 face="sans-serif">&#151;100.0%</FONT></B>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>&nbsp;</TD>
	<TD align=right nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=1 face="sans-serif">&#36;278,442,096</FONT></B>
	</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<p><BR>
</p>
<HR noshade align="center" width="100%" size=4>



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


<P align="left">
<B><FONT size=2 face="sans-serif">Notes to Schedule of Investments:</FONT></B></P>

<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
  <TD valign=top nowrap><font size=1 face="sans-serif">*</font></TD>
  <TD><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 are valued at 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 investments 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>
  <TD valign=top nowrap>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
	<TD width="3%" valign=top nowrap>
<FONT size=1 face="sans-serif">(a)</FONT></TD>
	<TD width=97%>
<P align="left"><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></P>
	</TD>
</TR>
<TR>
  <TD colspan=2><p><font size=1>&nbsp;</font></p></TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=1 face="sans-serif">(b)</FONT></TD>
	<TD width=97%>
<P align="left"><FONT size=1 face="sans-serif">144A Security&#151;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></P>
	</TD>
</TR>
<TR>
  <TD colspan=2><p><font size=1>&nbsp;</font></p></TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=1 face="sans-serif">(c)</FONT></TD>
	<TD width=97%>
<P align="left"><FONT size=1 face="sans-serif">Inverse Floater&#151;The interest rate shown bears an inverse relationship to the interest rate on another security or the value of an index.</FONT></P>
	</TD>
</TR>
<TR>
  <TD colspan=2><p><font size=1>&nbsp;</font></p></TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=1 face="sans-serif">(d)</FONT></TD>
	<TD width=97%>
<P align="left"><FONT size=1 face="sans-serif">Variable Rate Notes&#151;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, 2007.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2><p><font size=1>&nbsp;</font></p>
    </TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=1 face="sans-serif">(e)</FONT></TD>
	<TD width=97%>
<P align="left"><FONT size=1 face="sans-serif">Maturity date shown is date of next put.</FONT></P>
	</TD>
</TR>
    <TR>
      <TD colspan=2><p><font size=1>&nbsp;</font></p></TD>
    </TR>
<TR>
	<TD nowrap valign=top>
<FONT size=1 face="sans-serif">(f)</FONT></TD>
	<TD width=97%>
<P align="left"><FONT size=1 face="sans-serif">All or partial amount segregated as collateral for futures contracts.</FONT></P>
	</TD>
</TR>
<TR>
  <TD colspan=2><p><font size=1>&nbsp;</font></p></TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=1 face="sans-serif">(g)</FONT></TD>
	<TD width=97%>
<P align="left"><FONT size=1 face="sans-serif">Residual Interest Bonds held in
    trust&#151;Securities
    represent underlying bonds transferred to a separate securitization trust
    established in a tender option bond transaction in which the Fund acquired
    the residual interest certificates. These securities serve as collateral
    in a financing transaction.</FONT></P>
	</TD>
</TR>
</TABLE>
<P align="left">
<B><FONT size=1 face="sans-serif">Glossary:</FONT></B></P>
<P align="left">
<FONT size=1 face="sans-serif">AMBAC&#151;insured by American Municipal Bond Assurance Corp. <br>
FGIC&#151;insured by Financial Guaranty Insurance Co. <br>
FHA&#151;insured by Federal Housing Administration <br>
FSA&#151;insured by Financial Security Assurance,
Inc. <br>
GNMA&#151;insured by Government National Mortgage Association <br>
GO&#151;General Obligation Bond <br>
IBC&#151;Insurance Bond Certificate <br>
MBIA&#151;insured by Municipal Bond Investors Assurance <br>
NR&#151;Not Rated <br>
Radian&#151;insured by Radian Guaranty,
Inc.<br>
</FONT><FONT size=1 face="sans-serif">TCRS&#151;Temporary Custodian Receipts</FONT></P>
<P align="left">
<B><FONT size=1 face="sans-serif">Other Investments:</FONT></B></P>
<P align="left">
<FONT size=1 face="sans-serif">(1) Futures contracts outstanding at August 31, 2007:</FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD width="46%" align=left nowrap>&nbsp;

	</TD>
	<TD width="7%" align=center nowrap>&nbsp;

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

	</TD>
	<TD colspan="2" align=center nowrap>
<FONT size=1 face="sans-serif">Market</FONT>
	</TD>
	<TD width="4%" align=center nowrap>&nbsp;</TD>
	<TD width="12%" align=center nowrap>&nbsp;

	</TD>
	<TD width="3%" align=center nowrap>&nbsp;</TD>
	<TD colspan="2" align=center nowrap>
<FONT size=1 face="sans-serif">Unrealized</FONT>
	</TD>
  </TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=center nowrap>&nbsp;

	</TD>
	<TD align=center nowrap>&nbsp;

	</TD>
	<TD colspan="2" align=center nowrap>
<FONT size=1 face="sans-serif">Value</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="sans-serif">Expiration</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;</TD>
	<TD colspan="2" align=center nowrap>
<FONT size=1 face="sans-serif">Appreciation</FONT>
	</TD>
  </TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:3px solid #000000;">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <FONT size=1 face="sans-serif">Type</FONT>
	</TD>
	<TD colspan="2" align=center nowrap style="border-bottom:3px solid #000000;">
<FONT size=1 face="sans-serif">Contracts</FONT>
	</TD>
	<TD colspan="2" align=center nowrap style="border-bottom:3px solid #000000;">
<FONT size=1 face="sans-serif">(000)</FONT>
</TD>
	<TD align=center nowrap style="border-bottom:3px solid #000000;">&nbsp;</TD>
	<TD align=center nowrap style="border-bottom:3px solid #000000;"> <FONT size=1 face="sans-serif">Date</FONT>
	</TD>
	<TD align=center nowrap style="border-bottom:3px solid #000000;">&nbsp;</TD>
	<TD colspan="2" align=center nowrap style="border-bottom:3px solid #000000;">
<FONT size=1 face="sans-serif">(Depreciation)</FONT>
	</TD>
  </TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Long: U.S. Treasury Notes 5 yr. Futures</FONT>
	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">137</FONT>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD width="6%" align=right nowrap>
<FONT size=1 face="sans-serif">&#36;14,618</FONT>
	</TD>
	<TD width="3%" align=left nowrap>&nbsp;

	</TD>
	<TD align=center nowrap>&nbsp;</TD>
	<TD align=center nowrap> <FONT size=1 face="sans-serif">12/31/07</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;</TD>
	<TD width="8%" align=right nowrap>
<FONT size=1 face="sans-serif">&#36;61,008</FONT>
	</TD>
	<TD width="5%" align=left nowrap>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">Short: U.S. Treasury Bond Futures</FONT>
	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">(476</FONT>
	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
	<TD align=right nowrap>
<FONT size=1 face="sans-serif">(53,104</FONT>
	</TD>
	<TD align=left nowrap>
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;</TD>
	<TD align=center nowrap> <FONT size=1 face="sans-serif">12/19/07</FONT>
	</TD>
	<TD align=center nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">(128,610</FONT>
	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;

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

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

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

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

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

	</TD>
	<TD align=left nowrap>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:3px solid #000000;">
<FONT size=1 face="sans-serif">&#36;(67,602</FONT>
	</TD>
	<TD align=left nowrap style="border-bottom:3px solid #000000;">
<FONT size=1 face="sans-serif">)</FONT>
	</TD>
</TR>
</TABLE>
<BR>

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<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&#146;s President and Chief Executive Officer
and Principal Financial Officer have concluded that the registrant&#146;s
disclosure controls and procedures (as defined in Rule 30a-2(c) under the Act
(17CFR270.30a-3(c)), 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&#146;s
internal controls over financial reporting (as defined in Rule 30a-3(d)) under
the Act (17CFR270.30a-3(d)) that occurred during the registrant&#146;s last fiscal
quarter that has materially affected, or is reasonably likely to materially affect,
the registrant&#146;s internal control over financial reporting. </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">
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Exhibit 99.302 Cert. &#150; Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</FONT></P>

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


<P align="center">
<B><FONT size=2 face="serif">SIGNATURES</FONT></B></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 <br>
</FONT><FONT size=2 face="serif">President &amp; Chief
Executive Officer</FONT></P>
<P align="left">
<FONT size=2 face="serif">Date: October 30, 2007 </FONT></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 30, 2007</FONT></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 <br>
</FONT><FONT size=2 face="serif">President &amp; Chief
Executive Officer</FONT></P>
<P align="left">
<FONT size=2 face="serif">Date: October 30, 2007 </FONT></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 30, 2007</FONT></P>

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<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>c50687_ex99cert.htm
<TEXT>

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   <TITLE>c50687_ex99cert.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
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<P align="right">
<B><FONT size=2 face="serif">Exhibit 99.CERT</FONT></B></P>
<P align="center">
<B><FONT size=2 face="serif">CERTIFICATIONS</FONT></B></P>
<P align="left">
<FONT size=2 face="serif">I, Brian S. Shlissel, certify that:</FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR>
	<TD width="3%" valign=top nowrap>
<FONT size=2 face="serif">1.</FONT></TD>
	<TD colspan=2>
<P align="left"><FONT size=2 face="serif">I have reviewed this report Form N-Q of PIMCO New York Municipal Income Fund II;</FONT></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">2.</FONT></TD>
	<TD colspan=2>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">3.</FONT></TD>
	<TD colspan=2>
<P align="left"><FONT size=2 face="serif">Based on my knowledge, the schedules
    of investments included in this report fairly present in all material respects
    the investments of the registrant as of the end of the fiscal quarter for
    which the report is filed;</FONT></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">4.</FONT></TD>
	<TD colspan=2>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD width="3%" valign=top nowrap>
<FONT size=2 face="serif">a.</FONT></TD>
	<TD width=94%>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">b.</FONT></TD>
	<TD>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">c.</FONT></TD>
	<TD>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">d.</FONT></TD>
	<TD>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">5.</FONT></TD>
	<TD colspan=2>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">a.</FONT></TD>
	<TD>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">b.</FONT></TD>
	<TD>
<P align="left"><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 internal control over financial reporting.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>
<P align="left">
<FONT size=2 face="serif">Date: October 30, 2007 </FONT> </P>
<P align="left">
<FONT size=2 face="serif">Signature &amp; Title: /s/ Brian S. Shlissel </FONT><FONT face="serif"> <br>
</FONT><FONT size=2 face="serif">Brian
S. Shlissel, President &amp; Chief Executive Officer </FONT></P>
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<P align="left" style="page-break-before:always"></P><PAGE>


<P align="left">
<FONT size=2 face="serif">I, Lawrence G. Altadonna, certify that:</FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR>
	<TD width="3%" valign=top nowrap>
<FONT size=2 face="serif">1.</FONT></TD>
	<TD colspan=2>
<P align="left"><FONT size=2 face="serif">I have reviewed this report Form N-Q of PIMCO New York Municipal Income Fund II;</FONT></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">2.</FONT></TD>
	<TD colspan=2>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">3.</FONT></TD>
	<TD colspan=2>
<P align="left"><FONT size=2 face="serif">Based on my knowledge, the schedules
    of investments included in this report fairly present in all material respects
    the investments of the registrant as of the end of the fiscal quarter for
    which the report is filed;</FONT></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">4.</FONT></TD>
	<TD colspan=2>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD width="3%" valign=top nowrap>
<FONT size=2 face="serif">a.</FONT></TD>
	<TD width=94%>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">b.</FONT></TD>
	<TD width=94%>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">c.</FONT></TD>
	<TD width=94%>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">d.</FONT></TD>
	<TD width=94%>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">5.</FONT></TD>
	<TD colspan=2>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">a.</FONT></TD>
	<TD width=94%>
<P align="left"><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></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">b.</FONT></TD>
	<TD width=94%>
<P align="left"><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 internal control over financial reporting.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>
<P align="left">
<FONT size=2 face="serif">Date: October 30, 2007 </FONT> </P>
<P align="left">
<FONT size=2 face="serif">Signature &amp; Title: /s/ Lawrence G. Altadonna </FONT><FONT face="serif"> <br>
</FONT><FONT size=2 face="serif">Lawrence
G. Altadonna, Treasurer, Principal Financial &amp; Accounting Officer</FONT></P>
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