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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Wm6p/O2tKzBZARgIppjKWPYa1o61V6Go6V80TNwBYwU+GnY9D6qfOmE/1C824xhJ
 NdKtdbU2FchkdITvLEGtHA==

<SEC-DOCUMENT>0001166019-07-000003.txt : 20070306
<SEC-HEADER>0001166019-07-000003.hdr.sgml : 20070306
<ACCEPTANCE-DATETIME>20070306114128
ACCESSION NUMBER:		0001166019-07-000003
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070222
FILED AS OF DATE:		20070306
DATE AS OF CHANGE:		20070306

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Nicholas-Applegate Equity & Convertible Income Fund
		CENTRAL INDEX KEY:			0001383441
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE INTERNATIONAL PLACE
		STREET 2:		C/O ROPES & GRAY LLP
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		617-951-7000

	MAIL ADDRESS:	
		STREET 1:		ONE INTERNATIONAL PLACE
		STREET 2:		C/O ROPES & GRAY LLP
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Nicholas-Applegate Equity & Income Capture Fund
		DATE OF NAME CHANGE:	20061213

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NICHOLAS APPLEGATE CAPITAL MANAGEMENT
		CENTRAL INDEX KEY:			0000914540
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-21989
		FILM NUMBER:		07673842

	BUSINESS ADDRESS:	
		STREET 1:		600 WEST BROADWAY
		STREET 2:		32ND FL
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92101
		BUSINESS PHONE:		6196872834

	MAIL ADDRESS:	
		STREET 1:		600 WEST BROADWAY
		STREET 2:		32ND FL
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92101
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2007-02-22</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001383441</issuerCik>
        <issuerName>Nicholas-Applegate Equity &amp; Convertible Income Fund</issuerName>
        <issuerTradingSymbol>NIE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000914540</rptOwnerCik>
            <rptOwnerName>NICHOLAS APPLEGATE CAPITAL MANAGEMENT</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>600 WEST BROADWAY</rptOwnerStreet1>
            <rptOwnerStreet2>32ND FL</rptOwnerStreet2>
            <rptOwnerCity>SAN DIEGO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92101</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Investment Adviser</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <remarks>Nicholas-Applegate Capital Management LLC is the investment adviser of the Issuer.</remarks>

    <ownerSignature>
        <signatureName>Brian S. Shlissel, Attorney in fact for Nicholas-Applegate Capital Management LLC</signatureName>
        <signatureDate>2007-03-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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