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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,
 MA/hbcNsV41Z8uIVC1xseMGNefNJmL7+e/bZn6Jgn09oFtxKqa4+IZjdsGgDucTa
 z8S8g3QS93K/GGK9kq0LYA==

<SEC-DOCUMENT>0001307038-04-000001.txt : 20041026
<SEC-HEADER>0001307038-04-000001.hdr.sgml : 20041026
<ACCEPTANCE-DATETIME>20041026151612
ACCESSION NUMBER:		0001307038-04-000001
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041026
FILED AS OF DATE:		20041026
DATE AS OF CHANGE:		20041026

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Hudoff Mark
		CENTRAL INDEX KEY:			0001307038

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-21601
		FILM NUMBER:		041096560

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		949-720-6000

	MAIL ADDRESS:	
		STREET 1:		888 NEWPORT CENTER DRIVE, SUITE 100
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIMCO Floating Rate Strategy Fund
		CENTRAL INDEX KEY:			0001296250
		IRS NUMBER:				201619298
		FISCAL YEAR END:			0731

	BUSINESS ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105
		BUSINESS PHONE:		212 739-3502

	MAIL ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105
</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>2004-10-26</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001296250</issuerCik>
        <issuerName>PIMCO Floating Rate Strategy Fund</issuerName>
        <issuerTradingSymbol>PFN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001307038</rptOwnerCik>
            <rptOwnerName>Hudoff Mark</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>888 NEWPORT CENTER DRIVE, SUITE 100</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEWPORT BEACH</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92660</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Portfolio Manager</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <remarks>Mr. Hudoff shares responsibility for the day-to-day management of the Issuer.  He ia an Executive Vice President of Pacific Investment Management Company LLC, the investment adviser of the Issuer.</remarks>

    <ownerSignature>
        <signatureName>Brian S. Shlissel, Attorney in fact for Mark Hudoff</signatureName>
        <signatureDate>2004-10-26</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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