Exhibit (e)(7)
                                                                  --------------
                      SUPPLEMENT TO DISTRIBUTION CONTRACT
                      -----------------------------------

                      PIMCO Funds:  Multi-Manager Series
                           840 Newport Center Drive
                            Newport Beach, CA 92660


PIMCO Funds Distributors LLC
2187 Atlantic Street
Stamford, Connecticut 06902

     Re:  PIMCO RCM Global Equity Fund, PIMCO RCM Global Small Cap Fund, PIMCO
          RCM Global Technology Fund, PIMCO RCM Global Health Care Fund, PIMCO
          RCM Large Cap Growth Fund, PIMCO RCM MidCap Fund, PIMCO RCM Small Cap
          Fund, PIMCO RCM Balanced Fund, PIMCO RCM Tax Managed Growth Fund,
          PIMCO RCM Biotechnology Fund, PIMCO RCM International Growth Fund,
          PIMCO RCM Emerging Markets Fund, PIMCO RCM Europe Fund and PIMCO RCM
                                                 -----------------------------
          Large Cap Select Fund
          ---------------------

Ladies and Gentlemen:

     This will confirm the agreement between the undersigned (the "Trust") and
PIMCO Funds Distributors LLC (the "Distributor") as follows:

     1.   The Trust is an open-end management investment company organized as a
Massachusetts business trust and consisting of such separate investment
portfolios as have been or may be established by the Trustees of the Trust from
time to time.  Up to six separate classes of shares of beneficial interest in
the Trust are offered to investors with respect to each investment portfolio.
PIMCO RCM Global Equity Fund, PIMCO RCM Global Small Cap Fund, PIMCO RCM Global
Technology Fund, PIMCO RCM Global Health Care Fund, PIMCO RCM Large Cap Growth
Fund, PIMCO RCM MidCap Fund, PIMCO RCM Small Cap Fund, PIMCO RCM Balanced Fund,
PIMCO RCM Tax Managed Growth Fund, PIMCO RCM Biotechnology Fund, PIMCO RCM
International Growth Fund, PIMCO RCM Emerging Markets Fund, PIMCO RCM Europe
Fund and PIMCO RCM Large Cap Select Fund (the "Funds") are each separate
investment portfolios of the Trust.

     2.   The Trust and the Distributor have entered into a Distribution
Contract (the "Contract") dated May 5, 2000, pursuant to which the Distributor
has agreed to be the distributor of shares of beneficial interest in the Trust.

     3.    In accordance with paragraph 1 of the Contract, the Trust and the
Distributor hereby designate the Funds as additional investment portfolios to
which the Contract pertains and adopt the Contract with respect to the Funds,
the terms and conditions of the Contract being hereby incorporated herein by
reference.

     4.    This Supplement and the Contract shall become effective with respect
to the Funds on ____________ ___, 2001, and shall remain in full force and
effect continuously as to a


Fund and a class of shares thereof (unless terminated automatically as set forth
in Section 17 of the Contract) until terminated:

     (a)  Either by such Fund or such class or the Distributor by not more than
sixty (60) days' nor less than thirty (30) days' written notice delivered or
mailed by registered mail, postage prepaid, to the other party; or

     (b)  Automatically as to such Fund or class thereof at the close of
business one year from the effective date of this Supplement and the Contract
for such Fund listed above, or upon the expiration of one year from the
effective date of the last continuance of the Contract, whichever is later, if
the continuance of the Contract is not specifically approved at least annually
by the Trustees of the Trust or the shareholders of such Fund or such class by
the affirmative vote of a majority of the outstanding shares of such Fund or
such class, and by a majority of the Trustees of the Trust who are not
interested persons of the Trust and who have no direct or indirect financial
interest in the operation of the Plans (as defined in the Contract) or the
Contract by vote cast in person at a meeting called for the purpose of voting on
such approval.

     Action by a Fund or a class thereof under (a) above may be taken either (i)
by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a
majority of the outstanding shares of such Fund or such class.  The requirement
under (b) above that the continuance of this Contract be "specifically approved
at least annually" shall be construed in a manner consistent with the 1940 Act
and the rules and regulations thereunder.

     Termination of this Addendum and the Contract pursuant to this section
shall be without the payment of any penalty.

     If the Contract is terminated or not renewed with respect to a Fund or any
other investment portfolio of the Trust or class of shares thereof, it may
continue in effect with respect to any Fund or any class thereof as to which it
has not been terminated (or has been renewed).

                The rest of this page intentionally left blank.

                                      -2-


    If the foregoing correctly sets forth the agreement between the Trust and
the Distributor, please so indicate by signing and returning to the Trust the
enclosed copy hereof.

                                   Very truly yours,

                                   PIMCO Funds:  Multi-Manager Series


                                   _______________________________
                                   By:
                                   Title:


ACCEPTED:

PIMCO Funds Distributors LLC


__________________________
By:
Title:

                                      -3-