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The individual providing the information herein is an employee of Pacific Investment Management Company LLC ("PIMCO"), an SEC-registered investment adviser.  To the extent such individual advises you regarding a PIMCO investment strategy, he or she does so as an associated person of PIMCO.  To the extent that any information is provided to you related to a PIMCO-sponsored investment fund ("PIMCO Fund"), it is being provided to you in the individual's capacity as a registered representative of PIMCO Investments LLC ("PI"), an SEC-registered broker-dealer.  PI is not registered, and does not intend to register, as a municipal advisor and therefore does not provide advice with respect to the investment of the proceeds of municipal securities or municipal escrow investments.  In addition, unless otherwise agreed by PIMCO, this communication and any related attachments are being provided on the express basis that they will not cause PIMCO LLC, or its affiliates, to become an investment advice fiduciary under ERISA or the Internal Revenue Code.