PIMCO's Bill Gross' March Podcast Available on iTunes, Titled "Hairy Lips Sink Ships"

NEWPORT BEACH, CA--(Marketwire - March 3, 2009) - PIMCO today announced that co-Chief Investment Officer and Founder Bill Gross' March "Investment Outlook" is available as a free podcast on iTunes.com and pimco.com. This month's podcast covers topics such as recession vs. depression, inflation vs. deflation, nationalization, and "shaking hands with Uncle Sam."

Gross, the first major money manager to podcast, offers provocative views for investing, the economy and life. Gross' monthly investment forecast can be subscribed to at www.iTunes.com by searching podcasts for "PIMCO" or "Bill Gross." The audio can also be downloaded at www.pimco.com by clicking on the "Investment Outlook" link.

Gross has been making his "Investment Outlook" podcasts available since 2005. A Japanese version of his podcasts is also available on iTunes.

About PIMCO

PIMCO is a global investment management firm that was founded in Southern California in 1971. We invest the retirement and investment assets of approximately 8 million people, including individual investors and the members of numerous institutions, such as public pension funds, unions, and corporate pension plans. We currently manage $747 billion of assets on behalf of its clients.

PIMCO has more than 1,200 employees, which includes 800 people at its headquarters in Newport Beach California. The firm also has offices in New York City, Toronto, London, Munich, Amsterdam, Tokyo, Hong Kong, Singapore and Sydney.

Contact Information: CONTACT Mark Porterfield PIMCO (949) 720-6397