Exhibit 11

November 8, 2002


Nicholas-Applegate Institutional Funds
600 West Broadway
San Diego, California 92101

Ladies and Gentlemen:

     You have requested our opinion as to certain matters regarding the
issuance by Nicholas-Applegate Institutional Funds, a business trust
organized under the laws of the State of Delaware ("Trust"), of Institutional
class shares of beneficial interest in Nicholas-Applegate Global Select Fund
("Global Select Fund") ("Class I Shares"), a series of the Trust, pursuant to
a Plan of Reorganization and Termination ("Plan") adopted by the Trust on
behalf of Global Select Fund and on behalf of Nicholas-Applegate Global
Technology Fund and Nicholas-Applegate Global Health Care Fund, other series
of the Trust (each a "Target").   Under the Plan, Global Select Fund would
acquire the assets of a Target in exchange for Class I Shares and the
assumption by Global Select Fund of the Target's liabilities.  In connection
with the Plan, the Trust is about to file a Registration Statement on Form
N-14 ("Registration Statement") for the purpose of registering under the
Securities Act of 1933, as amended ("1933 Act"), the Class I Shares to be
issued pursuant to the Plan.

     We have examined originals or copies believed by us to be genuine of
the Trust's Amended and Restated Declaration of Trust dated February 19,
1999, and By-Laws (collectively, "Declaration of Trust"), minutes of meetings
of the Trust's board of trustees, the form of Plan included in the
Registration Statement, and other documents relating to the authorization and
issuance of the Class I Shares we have deemed relevant.  Based upon that
examination, we are of the opinion that the Class I Shares being registered
by the Registration Statement may be issued in accordance with the Plan and
the Declaration of Trust, subject to compliance with the 1933 Act, the
Investment Company Act of 1940, as amended, and applicable state laws
regulating the distribution of securities, and when so issued those Class I
Shares will be legally issued, fully paid, and non-assessable by the Trust.

     We hereby consent to this opinion's accompanying the Registration
Statement and to the reference to our firm under the caption "Miscellaneous -
Legal Matters" in the Prospectus/Proxy Statement included as part of the
Registration Statement.

                                           Sincerely yours,

                                           KIRKPATRICK & LOCKHART LLP

                                           KIRKPATRICK & LOCKHART LLP