Power Of Attorney


KNOWN ALL PERSONS BY THESE PRESENTS, that the undersigned constitutes and
appoints Horacio A. Valeiras, Charles H. Field, Jr. and Deborah A. Wussow and
each of them his true and lawful attorney-in-fact as agent with full power of
substitution and resubstitution of him in his name, place and stead, to sign
any and all  registration statements applicable to Nicholas-Applegate
Institutional Funds, and any amendment to supplement thereto, and to file the
same with all exhibits thereto and other documents in connection therewith,
with the U.S. Securities and Exchange Commission, granting unto said
attorney-in-fact and agent full power and authority to do and perform each
and every act and thing requisite and necessary to be done, as fully to all
intents and purposes as he might or could do in person, hereby ratifying and
confirming all that said attorney-in fact and agent, or his substitutes, may
lawfully do or cause to be done by virtue hereof.

Dated: February 24, 2005




                                                       /s/
                                                       ------------------------
                                                       Walter E. Auch



                          Power Of Attorney


KNOWN ALL PERSONS BY THESE PRESENTS, that the undersigned constitutes and
appoints Horacio A. Valeiras, Charles H. Field, Jr. and Deborah A. Wussow and
each of them his true and lawful attorney-in-fact as agent with full power of
substitution and resubstitution of him in his name, place and stead, to sign
any and all  registration statements applicable to Nicholas-Applegate
Institutional Funds, and any amendment to supplement thereto, and to file the
same with all exhibits thereto and other documents in connection therewith,
with the U.S. Securities and Exchange Commission, granting unto said
attorney-in-fact and agent full power and authority to do and perform each
and every act and thing requisite and necessary to be done, as fully to all
intents and purposes as he might or could do in person, hereby ratifying and
confirming all that said attorney-in fact and agent, or his substitutes, may
lawfully do or cause to be done by virtue hereof.

Dated: February 24, 2005



                                                  /s/
                                                  -----------------------------
                                                  George F. Keane





                        Power Of Attorney


KNOWN ALL PERSONS BY THESE PRESENTS, that the undersigned constitutes and
appoints Horacio A. Valeiras, Charles H. Field, Jr. and Deborah A. Wussow and
each of them his true and lawful attorney-in-fact as agent with full power of
substitution and resubstitution of she in her name, place and stead, to sign
any and all  registration statements applicable to Nicholas-Applegate
Institutional Funds, and any amendment to supplement thereto, and to file the
same with all exhibits thereto and other documents in connection therewith,
with the U.S. Securities and Exchange Commission, granting unto said
attorney-in-fact and agent full power and authority to do and perform each
and every act and thing requisite and necessary to be done, as fully to all
intents and purposes as he might or could do in person, hereby ratifying and
confirming all that said attorney-in fact and agent, or his substitutes, may
lawfully do or cause to be done by virtue hereof.

Dated: February 24, 2005



                                                  /s/
                                                  -----------------------------
                                                  Darlene T. DeRemer