Edgar Filing: PIMCO CORPORATE INCOME FUND

	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549	OMB APPROVAL
		OMB Number: 3235-0578 Expires: February 28, 2006 Estimated average burden hours per response.....20.00


	FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number			811-10555
PIMCO CORPORATE INCOME FUND
(Exact name of registrant as specified in charter)
1345 Avenue of the Americas New York, New York					10105
(Address of principal executive offices)					(Zip code)
Lawrence G. Altadonna – 1345 Avenue of the Americas New York, New York 10105
(Name and address of agent for service)

Registrant's telephone number, including area code:				212-739-3371

Date of fiscal year end:	10/31/05

Date of reporting period:		1/31/05

Form N-Q is to be used by the registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b 1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

		PIMCO Corporate Income Fund Schedule of Investments January 31, 2005 (unaudited)
Principal Amount (000)			Credit Rating (Moody’s/S&P)	Value*
		CORPORATE BONDS & NOTES - 73.6%
		Airlines - 4.5%
$	3,008	American Airlines, Inc., pass thru certificates,
		6.98%, 4/1/11, Ser. 01-2	Baa2/A-	$	3,048,916
		Continental Airlines, Inc., pass thru certificates,
10,000		6.50%, 6/15/11, Ser. 01-1	Baa3/A	9,594,815
3,035		7.06%, 9/15/09, Ser. 99-2	Baa3/A	3,086,621
2,500		7.49%, 10/2/10, Ser. 00-2	Baa3/A	2,492,944
4,270		Northwest Airlines Corp., pass thru certificates, 7.58%, 3/1/19, Ser. 992A	Baa2/A-	4,342,088
		United Airlines, Inc., pass thru certificates,
3,515		1.535%, 3/2/49, Ser. 97A	WR/NR	3,034,263
6,487		6.201%, 9/1/08, Ser. 01-1	WR/NR	5,903,680
4,908		7.186%, 4/1/11, Ser. 00-2	WR/NR	4,455,892
5,599		7.73%, 7/1/10, Ser. 00-1	WR/NR	4,951,882
700		10.36%, 11/13/12, Ser. 91C (a) (b) (c)	WR/NR	332,500
				41,243,601
		Automotive - 1.7%
2,000		Auburn Hills Trust, 12.38%, 5/1/20	A3/BBB	3,182,004
5,000		Ford Motor Co., 9.98%, 2/15/47	Baa1/BBB-	6,165,885
5,000		General Motors Corp., 7.20%, 1/15/11	Baa2/BBB-	5,023,095
1,000		Hertz Corp., 7.625%, 6/1/12	Baa2/BBB-	1,082,492
				15,453,476
		Banking - 1.5%
5,000		Colonial Bank Inc., 9.375%, 6/1/11	Ba1/BBB-	5,932,705
1,700		Fifth Third Capital Trust, 8.136%, 3/15/27, Ser. A	Aa3/NR	1,976,275
1,000		HSBC Capital Funding, 10.18%, 12/39/49	A1/A-	1,580,588
1,000		Riggs Capital Trust, 8.625%, 12/31/26, Ser. A (a)	Caa1/D	1,095,000
1,750		Riggs National Corp., 9.65%, 6/15/09	B2/CCC	2,003,750
1,000		Royal Bank of Scotland Group, plc, 7.65%, 9/30/31 VRN	A1/A	1,263,051
				13,851,369
		Computer Services - 0.3%
		Electronic Data Systems Corp.,
1,000		6.00%, 8/1/13, Ser. B	Ba1/BBB-	1,058,170
1,500		7.125%, 10/15/09	Ba1/BBB-	1,640,358
				2,698,528
		Containers - 0.4%
3,000		Ball Corp., 6.875%, 12/15/12	Ba3/BB	3,210,000

		Diversified Manufacturing - 2.5%
500		Dresser, Inc., 9.375%, 4/15/11	B2/B	545,000
4,000		Hutchison Whampoa International Ltd.,
		6.25%-6.50%, 2/13/13-1/24/14 (d)	A3/A-	4,280,999
1,030		Raychem Corp., 7.20%, 10/15/08	Ba3/BBB	1,164,267
14,574		Tyco International Group SA., 6.75%-7.00%, 2/15/11-6/15/28	Baa3/BBB	16,919,673
				22,909,939
		Energy - 1.2%
1,000		Edison Mission Energy, 7.73%, 6/15/09	B1/B	1,065,000
898		GG1C Funding Corp., 5.13%, 1/15/14 (d)	Baa3/BBB	897,324
5,000		MidAmerican Energy Holdings, Co., 5.875%, 10/1/12	Baa3/BBB-	5,331,235
1,000		Ohio Edison Co., 5.647%, 6/15/09 (d)	Baa2/BB+	1,030,411
2,719		Sithe Independence Funding Corp., 9.00%, 12/30/13, Ser. A	Ba2/B	3,050,995
				11,374,965
		Financing - 9.1%
8,500		Beaver Valley Funding Corp., 9.00%, 6/1/17	Baa3/BB+	10,094,455
1,000		BlueWater Finance Ltd., 10.25%, 2/15/12	B1/B	1,105,000
10,000		CIT Group Inc., 2.74%, 9/20/07 (e)	A2/BBB-	10,023,850
		Cedar Brakes II LLC.,
552		8.50%, 2/15/14, Ser.B	Baa2/CCC+	637,765
4,841		9.875%, 9/1/13	Baa2/CCC+	5,797,217
10,500		Ford Motor Credit Co., 5.80%-7.25%, 1/25/07-10/1/13	A3/BBB-	11,003,995
1,180		General Electric Capital Corp., 8.30%, 9/20/09	Aaa/AAA	1,372,357
8,000		General Motors Accecptance Corp.,
		3.56%-3.695% 5/18/06-1/16/07 (e)	Baa1/BBB-	7,951,431
10,000		General Motors Acceptance Corp., 6.125%-6.875%, 8/28/07-9/15/11	Baa1/BBB-	10,104,150

Principal Amount (000)			Credit Rating (Moody’s/S&P)	Value*
		Financing (continued)
		Household Finance Corp.,
$	500	3.14%, 10/12/06 (d)	A1/A	$	504,230
5,265		7.20%-7.65%, 7/15/06-5/15/07	A1/A	5,573,499
1,300		Mizuho JGB Investment LLC, 9.87%, 6/30/08 (b) (d)	Baa1/BBB-	1,514,908
300		Mizuho Preferred Capital Co., 8.79%, 6/30/08 (b) (d)	Baa3/BB	337,464
2,000		Preferred Term Securities XIII, 3.08%, 3/24/34 (b) (c) (d) (e)	Aaa/AAA	1,981,592
5,000		Sets Trust No. 2002-3, 8.85%, 4/2/07 (c) (d) (e)	NR/NR	5,322,247
10,000		TIERS Principal Protected Trust, 8.41%, 3/22/07 (b) (d) (e) (f)	NR/NR	9,597,570
				82,921,730
		Food & Beverage - 1.2%
2,000		Anheuser Busch Cos., Inc., 5.00%, 3/1/19	A1/A+	2,008,964
5,000		Delhaize America, Inc., 8.125%, 4/15/11	Ba1/BB+	5,837,635
3,000		Ingles Markets, Inc., 8.875%, 12/1/11	Ba3/B+	3,135,000
				10,981,599
		Food Services - 1.3%
4,139		Kroger Co., 8.15%, 7/15/06,	Baa2/BBB	4,402,278
5,897		Tricon Global Restaurants, Inc., 8.875%, 4/15/11	Baa3/BBB-	7,256,724
				11,659,002
		Healthcare & Hospitials - 2.2%
6,470		Columbia/HCA Healthcare Corp., 8.70%-9.00%, 2/10/10-12/15/14	Ba2/BB+	7,642,006
7,000		Healthsouth Corp., 7.00%-8.375%, 6/15/08-10/1/11	WR/NR	7,233,750
1,006		Manor Care, Inc., 8.00%, 3/1/08	Baa3/BBB	1,116,231
5,000		Tenet Healthcare Corp., 6.375%, 12/01/11	B3/B-	4,512,500
				20,504,487
		Hotels & Gaming - 4.7%
2,000		Harrah’s Operating Co., Inc., 8.00%, 2/1/11	Baa3/BBB-	2,320,358
2,000		Hilton Hotels Corp., 7.625%, 12/1/12	Baa3/BBB-	2,351,330
1,500		Host Marriot LP, 9.50%, 1/15/07, Ser. I, REIT	Ba3/B+	1,631,250
5,000		ITT Corp., 7.375%, 11/15/15	Ba1/BB+	5,625,000
		Mandalay Resort Group,
2,471		6.45%, 2/1/06	Ba2/BB+	2,565,791
500		9.375%, 2/15/10	Ba3/BB-	576,250
12,190		MGM Mirage, Inc., 6.75%-8.50%, 2/1/08-9/15/10	Ba2/BB+	13,587,000
		Park Place Entertainment Corp.,
3,000		8.125%-8.875%, 9/15/08-5/15/11	Ba2/BB-	3,428,750
3,000		8.50%, 11/15/06	Ba1/BB+	3,240,000
		Starwood Hotels & Resorts Worldwide, Inc.,
3,880		7.375%-7.875%, 5/1/07-5/1/12	Ba1/BB+	4,223,000
2,621		Times Square Hotel Trust, 8.528%, 8/1/26 (c) (d)	Baa3/BB+	3,184,414
				42,733,143
		Insurance - 0.4%
2,300		Dai-Ichi Mutual Life Co., 5.73%, 3/17/14 (d)	NR/BBB+	2,387,671
123		Prudential Financial Inc., 4.104%, 11/15/06	A3/A	124,094
1,500		Residential Reinsurance Ltd., 7.35%, 6/8/06 (b) (c) (e)	Ba2/BB+	1,462,957
				3,974,722
		Medical Products - 0.1%
1,000		Fresenius Medical Care AG, 7.875%, 6/15/11	Ba2/BB-	1,110,000

		Metals & Mining - 0.4%
3,000		Noranda, Inc., 7.25%, 7/15/12	Baa3/BBB-	3,407,661

		Multi-Media - 6.3%
8,000		AOL Time Warner Inc., 7.70%, 5/1/32	Baa1/BBB+	9,997,816
		British Sky Broadcasting Group,
3,000		6.875%, 2/23/09	Baa3/BBB-	3,283,311
2,105		7.30%, 10/15/06	Baa2/BBB-	2,225,905

Principal Amount (000)			Credit Rating (Moody’s/S&P)	Value*
		Multi-Media (continued)
$	1,000	CF Cable TV, Inc., 9.125%, 7/15/07	Ba3/BB-	$	1,028,442
		Comcast Corp.,
500		6.50%, 1/15/15	Baa3/BBB	558,672
2,250		10.625%, 7/15/12	Ba2/BBB-	2,956,835
925		Continental Cablevision, Inc., 9.00%, 9/1/08	Baa3/BBB	1,073,321
		CSC Holding, Inc.,
1,000		7.25%, 7/15/08	B1/BB-	1,062,500
3,625		7.25%-8.125%, 7/15/08-4/11/11, Ser.B	B1/BB-	3,989,062
3,000		8.125%, 7/15/09	B1/BB-	3,307,500
6,000		DirecTV Holdings Corp., 8.375%, 3/15/13	Ba2/BB-	6,787,500
1,950		Echostar DBS Corp., 9.125%, 1/15/09	Ba3/BB-	2,130,375
9,060		News America, Inc., 6.75%-7.43%, 10/1/26-1/9/38	Baa3/BBB-	10,716,802
1,750		Rogers Cable Inc., 7.25%, 12/15/11	Ba3/BB+	1,466,855
5,500		Time Warner, Inc., 6.625%- 9.125%, 1/15/13-5/15/29	Baa1/BBB+	6,967,090
				57,551,986
		Oil & Gas - 9.3%
1,000		AmeriGas Partners, L.P., 8.875%, 5/20/11, Ser. B	B2/BB-	1,085,000
3,000		Columbia Energy Group Inc., 7.32%, 11/28/10	Baa2/BBB	3,091,449
		Dynergy-Roseton Danskamme,
1,750		7.27%, 11/8/10, Ser. A	Caa2/B	1,776,250
3,000		7.67%, 11/8/16, Ser. B	Caa2/B	2,925,000
3,000		Forest Oil Corp., 8.00%, 12/15/11	Ba3/BB-	3,368,750
4,300		Gaz Capital SA., 8.625%, 4/28/34	Ba2/BB-	5,063,250
3,750		Hanover Equipment Trust, 8.50%, 9/1/08, Ser. A	B2/B+	3,993,750
8,000		Noram Energy Corp., 6.50%, 2/1/08	Ba1/BBB	8,521,480
		Pemex Project Funding Master Trust,
5,750		8.00%-8.625%, 11/15/11-2/1/22	Baa1/BBB	6,679,375
3,500		9.50%, 9/15/27, (c)	Baa1/BBB	4,497,500
967		Perforadora Centrale SA, 4.92%, 12/15/18	NR/NR	984,933
4,915		Pioneer Natural Resource Co., 5.875%-6.50%, 1/15/08-7/15/16	Baa3/BBB-	5,195,953
1,300		Pogo Producing Co., 8.25%, 4/15/11, Ser. B	Ba3/BB	1,397,500
1,200		Reliant Energy Resources Corp., 7.75%, 2/15/11	Ba1/BBB	1,393,112
300		SESI, LLC, 8.875%, 5/15/11	B1/BB-	327,750
250		Transcontinental Gas Pipe Corp., 8.875%, 7/15/12, Ser. B	Ba2/B+	304,688
2,000		USX Corp., 9.375%, 2/15/12	Baa1/BBB+	2,554,828
5,000		Valero Energy Corp., 6.875%, 4/15/12	Baa3/BBB	5,684,795
5,000		Weatherford International, Inc., 6.625%, 11/15/11, Ser. B	Baa1/BBB+	5,566,170
15,000		Williams Cos., Inc., 7.125%-8.75%, 9/1/11-3/15/32	B1/B+	16,737,500
3,500		XTO Energy, Inc., 6.25%, 4/15/13	Baa3/BBB-	3,859,083
				85,008,116
		Paper/Paper Products - 1.3%
2,500		Boise Cascade Corp., 7.315%, 6/15/09	Ba1/BB	2,781,250
6,662		Donohue Forest Products 7.625%, 5/15/07	Ba3/BB-	6,911,825
500		Georgia-Pacific Corp., 8.125%, 5/15/11	Ba3/BB+	577,500
500		International Paper Co., 6.75%, 9/1/11	Baa2/BBB	562,793
850		Norske Skogindustrier ASA, 6.125%, 10/15/15 (d)	Baa3/BBB-	885,540
				11,718,908
		Pharmaceuticals - 0.4%
3,500		Wyeth, 5.50%-6.50%, 2/1/14-2/1/34	Baa1/A	3,720,115

		Printing/Publishing- 0.7%
		Quebecor World Inc.,
6,000		6.125%, 11/15/13	Baa3/BBB-	6,254,034

		Telecommunications- 13.2%
17,500		AT&T Corp., 7.30%-9.75%, 11/15/11-11/15/31	Ba1/BB+	21,809,375
5,000		Bellsouth Cap Funding Corp., 7.875%, 2/15/30	A2/A	6,405,375
5,000		Citizens Communications Co., 9.25%, 5/15/11	Ba3/BB+	5,862,500
3,000		Citizens Utilities Co., 7.60%, 6/1/06	Ba3/BB+	3,142,500
10,000		Deutsche Telekom International, 8.00%, 6/15/10	Baa1/BBB+	11,881,720

Principal Amount (000)			Credit Rating (Moody’s/S&P)	Value*
		Telecommunications (continued)
$	10,000	France Telecom, 7.75%, 3/1/11	Baa1/A-	$	11,947,950
1,353		MCI Communications Corp., 6.908%-8.735%, 5/1/07-5/1/14	B2/B+	1,425,755
5,000		Nextel Communications Inc., 6.875%-7.375%, 10/31/13-8/1/15	Ba3/BB	5,488,750
1,250		PanAmSat Corp., 6.375%, 1/15/08	B1/BB+	1,303,125
750		PCCW Capital II, Ltd., 6.00%, 7/15/13 (d)	Baa2/BBB	798,282
12,860		Quest Capital Funding, Inc., 7.25%, 2/15/11	Caa2/B	12,409,900
9,000		Quest Communications International, Inc.,. 7.25%, 2/15/11 (d)	B3/B	9,270,000
3,000		SBC Communications, Inc., 4.125%, 9/15/09	A2/A	2,981,706
13,900		Sprint Capital Corp. (FON Group), 6.125%-7.875%, 11/15/08-11/15/28	Baa3/BBB-	15,049,678
8,969		Verizon Global Funding Corp., 6.875%-7.25%, 12/1/10-6/15/12	A2/A+	10,249,541
				120,026,157
		Utilities- 8.8%
2,000		CMS Energy Corp., 8.90%, 7/15/08	B1/B+	2,202,500
3,500		Consumers Energy, Inc., 6.25%-6.375%, 9/15/06-2/1/08	Baa3/BBB-	3,651,483
4,838		East Coast Power LLC, 6.74-7.07%, 3/31/08-3/13/12, Ser B	Baa3/BBB-	5,116,833
2,000		Florida Gas Transmission Co., 7.00%, 7/17/12 (d)	Baa2/BBB+	2,229,902
4,730		FPL Energy Wind Funding, 6.88%, 6/27/17 (d)	Ba2/BB-	4,948,762
2,500		Georgia Power Co., 2.48%, 2/17/05, Ser. U, (e)	A2/A	2,503,198
4,900		Homer City Funding LLC, 8.14%, 10/1/19	Ba2/BB	5,561,500
7,650		IPALCO Enterprises, Inc., 8.375% - 8.625%, 11/14/08-11/14/11	Ba1/BB-	8,936,250
4,000		Midwest Generation LLC, 8.56%, 1/2/16, Ser. B	B1/B	4,485,000
2,000		Northern State Power Co., 8.00%, 8/28/12, Ser. B	A2/A-	2,449,256
2,000		Pacific Gas & Electric Corp., 3.26%, 4/3/06 (e)	Baa2/BBB	2,002,226
2,000		Potomac Electric Power Co., 6.25%, 10/15/07	A3/A-	2,117,938
2,500		PPL Capital Funding Trust I, 7.29%, 5/18/06	Ba1/BB+	2,603,778
		PSEG Energy Holdings, Inc.,
10,790		8.50%-8.625%, 2/15/08-6/15/11	Ba3/BB-	11,914,189
5,000		8.625%, 5/15/31	Baa1/BB-	6,878,130
500		Public Service Electric & Gas Co., 4.00%, 11/1/08	A3/A-	499,097
5,315		South Point Energy Center LLC, 8.40%, 5/30/12 (d)	B2/B	5,009,537
1,144		Southern California Edison Co., 8.00%, 2/15/07	WR/BBB+	1,238,194
2,000		Texas Utilities Electric Co., 7.17%, 8/1/07	Baa3/BBB-	2,126,512
3,500		Tucson Electric Power Co., 7.50%, 8/1/08, Ser. B	Ba2/BBB-	3,611,580
				80,085,865
		Waste Management- 2.1%
3,745		Allied Waste North America, Inc.,
		7.625%-8.500%, 1/1/08-12/1/08, Ser. B (c)	B2/BB-	3,888,488
13,000		Waste Management, Inc., 7.10%-7.65%, 8/1/10-3/1/26	Baa3/BBB	15,005,534
				18,894,022

		Total Corporate Bonds & Notes (cost-$633,616,514)		671,293,425

		SOVEREIGN DEBT OBLIGATIONS - 4.2%
		Brazil - 0.3%
		Federal Republic of Brazil,
2,300		8.00%, 4/15/14	B1/BB-	2,370,523
		Guatemala - 0.2%
		Republic of Guatemala,
1,500		9.25%, 8/1/13 (d)	Ba2/BB-	1,717,500
		Panama - 1.0%
		Republic of Panama,
7,470		9.375%-9.625%, 2/8/11-7/23/12	Ba1/BB	8,814,600
		Peru - 1.2%
		Republic of Peru,
7,590		9.125%-9.875%, 2/21/12-2/6/15	Ba3/BB	11,302,075
		Russia - 1.0%
		Russian Federation,
8,662		5.00%-8.25%, 3/31/10-3/31/30	Baa3/BB+	9,169,890

Principal Amount (000)			Credit Rating (Moody’s/S&P)	Value*
		SOVEREIGN DEBT OBLIGATIONS (continued)
		South Africa - 0.3%
		Republic of South Africa,
$	2,720	7.375%-9.125%, 5/19/09-4/25/12	Baa1/BBB	$	3,199,350
		Ukraine Republic - 0.2%
		Republic of Ukraine,	B1/B
1,502		7.65%-11.00%, 3/15/07-6/11/13	B1/B+	1,601,773
		Total Sovereign Debt Obligations (cost-$36,290,332)		38,175,711

		MORTGAGE-BACKED SECURITIES (d) - 2.1%
3,500		Chase Commercial Mortgage Securities Corp.,
		6.89%, 11/15/32	NR/BB+	3,528,979
5,963		GSMPS Mortgage Loan Trust, 7.50%, 6/19/27	NR/NR	6,270,256
2,343		Lehman Brothers Floating Rate Commercial Mortgage Trust,
		4.13%, 11/19/12	NR/AAA	2,345,903
		Merrill Lynch Mortgage Investors, Inc.,
2,805		7.14%, 12/15/30	Baa3/A-	3,100,729
2,000		7.38%, 12/15/30	Baa1/BBB+	2,189,745
				5,290,474
21,222		Morgan Stanley Capital, Inc., 2.62%, 4/15/06	Aaa/AAA	2,126,681
		Total Mortgage-Backed Securities (cost-$19,387,748)		19,562,293

		SENIOR LOANS (b) (g) (h) - 1.0%
		Containers- 0.3%
810		Owens-Illinois Group, Inc., 5.23%, 4/1/08, Term B		824,598
		Smurfit Stone Container Corp.,
215		4.438%, 11/1/11		218,202
107		4.50%, 11/1/10, Term C		109,101
107		4.50%, 11/1/10, Term B		109,078
		Stone Container Corp.,
131		2.206%, 11/1/10		133,075
106		4.17%, 5/8/09, Term B		107,323
430		4.438%, 11/1/10, Term B		436,310
510		4.688%, 11/1/11, Term B		518,118
				2,455,805
		Energy - 0.1%
		AES Corp.,
1,428		4.25%-4.44%, 4/30/08-8/10/11, Term B		1,453,274

		Multi-Media - 0.3%
2,500		Adelphia Century Cable, 7.25%, 6/30/09, Term B		2,485,937

		Publishing- 0.1%
1,220		Readers Digest Association Inc., 4.55%, 5/20/08, Term B		1,238,515

		Telecommunications - 0.2%
		Dex Media East LLC,
114		4.14%, 5/8/09, Term B		115,012
280		4.17%, 5/8/09, Term B		283,670
881		4.21%, 5/8/09, Term B		892,489
89		4.23%, 5/8/09, Term B		90,391
101		4.25%, 5/8/09, Term B		102,263
				1,483,825
		Total Senior Loans (cost-$9,014,594)		9,117,356

Principal Amount (000)			Credit Rating (Moody’s/S&P)	Value*
		ASSET–BACKED SECURITIES - 0.5%
$	178	Ameriquest Mortgage Securities Inc., 2.94%, 2/25/33 (e)	Aaa/AAA	$	179,468
1,091		CS First Boston Mortgage Securities Corp., 2.86%, 5/25/43	Aaa/AAA	1,091,273
3,000		Redwood Capital Ltd., 6.41%, 1/9/06 (b) (c)	Ba1/BB+	3,003,240
		Total Asset-Backed Securities (cost-$4,269,372)		4,273,981

		MUNICIPAL BONDS (c) (e) -1.2%
		New Jersey-1.2%
		Tobacco Settlement Funding Corp.,
2,500		9.465%, 6/1/24	NR/AA	2,572,700
4,314		8.715%, 6/1/32	NR/AA	4,058,956
4,166		9.965%, 6/1/32	NR/AA	4,159,668
		Total Municipal Bonds (cost-$10,187,748)		10,791,324

Shares
		PREFERRED STOCK - 0.4%
3,400		Fresenius Medical Care AG, 7.875%, 10/25/43 (cost-$3,674,550)	Ba2/BB-	3,663,500

Principal Amount (000)
		U.S. GOVERNMENT AGENCY SECURITIES - 0.3%
$	2,590	Freddie Mac 7.50%, 2/24/05, CMO (cost-$2,818,480)	Aaa/AAA	2,784,681

		U.S. TREASURY NOTES - 7.8%
63,349		3.50%, 1/15/11 (cost-$71,558,311)	Aaa/AAA	71,524,977

		SHORT-TERM INVESTMENTS - 9.2%
		CORPORATE NOTES - 8.0%
		Financing -1.4%
1,000		Dankse Corp., 2.59%, 4/5/05, Ser. A	P-1/A-1+	995,430
2,500		General Electric Capital Corp., 2.72%, 4/28/05	P-1/A-1+	2,484,100
6,000		General Motors Acceptance Corp., 3.92%, 10/20/05 (d)	Baa1/BBB-	6,027,774
653		Midland Funding II, 11.75%, 7/23/05, Ser. A	Ba3/BB-	678,324
2,750		STEERS-2002-26 Cox, 6.10%, 5/19/05 (b) (c) (d) (e)	NR/NR	2,749,894
				12,935,522
		Food Services - 0.2%
1,500		Heinz (H.J.) Co., 6.189%, 12/1/05 (c) (e)	A3/NA	1,578,521

		Healthcare/Hospitals - 0.1%
1,000		Columbia/HCA Healthcare Corp., 6.91%, 6/15/05	Ba2/BB+	1,015,902

		Hotels/Gaming - 0.3%
175		ITT Corp., 6.75%, 11/15/05	Ba1/BB+	179,594
450		Mirage Resorts, Inc., 6.625%, 2/1/05	WR/BB+	450,000
2,000		Park Place Entertainment Corp., 7.875%, 12/12/05	Ba2/BB-	2,072,500
				2,702,094
		Medical Products - 0.1%
1,000		Mallinckrodt Inc., 6.75%, 9/15/05	Baa3/BBB	1,016,663

		Multi-Media-2.6%
6,625		Continental Cablevision, Inc., 8.875%, 9/15/05	Baa3/BBB	6,845,262
9,375		Lenfest Communications, Inc., 8.375%, 11/1/05	Baa3/BBB	9,711,713
6,350		Rogers Cablesystems Ltd., 10.00%, 3/15/05, Ser. B	Ba3/BB+	6,421,438
				22,978,413
		Oil & Gas - 2.4%
2,000		Appalachian Power Co., 4.80%, 6/15/05, Ser. E	Baa2/BBB	2,013,034
2,662		Atlantic Richfield Co., 10.875%, 7/15/05	Aa1/AA+	2,751,270
3,000		Enterprise Products Partners, L.P., 8.25%, 3/15/05	Baa3/BB+	3,015,978
1,000		GPU Inc., 7.70%, 12/1/05, Ser. A	Baa3/BB+	1,031,115
2,000		Oryx Energy Ltd., 8.125%, 10/15/05	Baa3/BBB	2,050,074
1,850		PG&E Gas Transmission Northwest Corp., 7.10%, 6/1/05	A2/A-	1,872,344
4,000		Reliant Energy Resources Corp, 8.125%, 7/15/05, Ser. B	Ba1/BBB	4,090,184
5,000		Ultramar Corp., 8.00%, 3/15/05	Baa3/BBB	5,025,390
				21,849,389

Principal Amount (000)			Credit Rating (Moody’s/S&P)	Value*
		SHORT-TERM INVESTMENTS (continued)
		Telecommunications - 0.4%
$	1,925	Deutsche Telekom International, 7.75%, 6/15/05	Baa1/BBB+	$	1,960,532
960		Sprint Capital Corp. (FON Group), 7.90%, 3/15/05	Baa3/BBB-	965,929
500		Telefonica Europe BV. 7.35%, 9/15/05	A3/A	512,697
				3,439,158

		Utilities - 0.5%
200		Connectiv, Inc., 5.30%, 6/1/05, Ser. B	Baa2/BBB	201,176
4,500		Kansas Gas & Electric Co., 6.20%, 1/15/06	Baa3/BBB	4,633,380
				4,834,556
		Total Corporate Notes (cost-$71,915,267)		72,350,218

		U.S. TREASURY BILLS (i) - 0.7%
6,140		2.08%-2.21%, 3/3/05-3/17/05 (cost-$6,124,205)	Aaa/AAA	6,124,205

		REPURCHASE AGREEMENT - 0.5%
4,792		State Street Bank & Trust Co. dated 1/31/05, 1.90%, due 2/1/05,
		proceeds:$4,792,253; collateralized by Federal Home Loan Bank, 1.625%
		6/17/05, valued at $4,878,930 with accrued interest (cost - $4,792,000)		4,792,000
		Total Short-Term Investments (cost-$152,385,980)		83,266,423

Contracts
		PUT OPTION PURCHASED (j) - 0.0%
125,000		HVOL3 Credit Default 1.05% , expires 6/20/05 (premium paid-$437,500)		44,753
		Total Investments, before put options written (cost-$874,086,621) -100.3%		914,498,424

		CALL OPTIONS WRITTEN (j) -(0.3)%
		U.S. Treasury Notes 10 yr. Futures,
(294)		Strike price $113, expires 2/18/05		(68,906)
(384)		Strike price $114, expires 5/20/05		(126,000)
(196)		Strike price $107, expires 5/20/05		(36,750)
(1,067)		U.S. Treasury Bonds, strike price $108, expires 5/20/05		(338,312)
(7,450)		News America Holdings, Strike price $100, expires 10/1/06		(1,094,115)
(125,000)		HVOL Credit Default 1.15%, expires 6/20/05		(920,295)
(32,300)		EPUT 4.6, Strike price $4.6, expires 2/03/05		(129)
(32,300)		OTC ECAL 3ML, 4.15%, expires 2/03/05		(6,719)
		Total call options written (premium received-$1,303,093)		(2,591,226)
		Total Investments net of call options written (cost-$872,783,528)-100.0%		$		911,907,198

(a) Futures contracts outstanding at January 31, 2005:

Type		Notional Amount (000)		Expiration Date	Unrealized Appreciation (Depreciation)
Long:	Financial Future Euro-90 day	$	2,188	3/21/05	$	24,000
	U.S. Treasury Notes-10 Year	281		3/19/05	(1,246,875		)
					$	(1,222,875	)

(b) Interest rate swap contracts oustanding at January 31, 2005:

					Rate Type
Swap Counterparty	Notional Amount (000)			Termination Date	Fixed Payments made by the Fund		Fixed Payments received by the Fund	Unrealized Appreciation (Depreciation)
Goldman Sachs & Co.	$	19,986		12/24/2024	5.13	%	3 month LIBOR	$	19,985,601
Goldman Sachs & Co.	(24,105		)	6/15/2025	2.25	%	3 month LIBOR	(22,295,901		)
Lehman Brothers	7,450			10/1/2006	7.43	%	3 month LIBOR	(331,374		)
								$	(2,641,674	)

LIBOR-London Interbank Offered Rate

Swap Counterparty/ Referenced Debt Obligation	Notional Amount Payable on Default (000)		Termination Date	Payments received by Fund		Unrealized Appreciation
Bear Stearns
Encana Corp., 4.75%, 10/15/13	$	3,000	9/20/2009	0.53	%	$	28,365

(e) Forward foreign currency contracts outstanding at January 31, 2005:

	U.S.$ Value Origination Date		U.S.$ Value January 31, 2005		Unrealized Appreciation (Depreciation)
Purchased:
€6,045,000 settling 2/10/05	$	7,886,537	$	7,880,945	$	(5,592	)
€5,319,000 settling 2/17/05	6,893,451		6,935,057		41,606
					189,699

Sold:
CA$1,750,000 settling 2/17/05	1,437,750		1,410,441		27,309
€6,045,000 settling 2/10/05	8,002,407		7,880,945		121,462
€5,319,000 settling 2/17/05	6,939,971		6,935,057		4,914

Notes to Schedule of Investment:

* Portfolio securities and other financial instruments for which market quotations are readily available are stated at market value. Portfolio securities and other financial instruments for which market quotations are not readily available or if development/event occurs that may impact the value of the security, may be fair-valued in good faith pursuant to procedures established by the Board of Trustees, including certain fixed income securities which may be valued with reference to securities whose prices are more readily available. The Fund’s investments are valued daily by an independent pricing service, dealer quotations, or are valued at the last sale price on the exchange that is primary market for such securities, or the last quoted bid price for those securities for which the over-the-counter market is the primary market or for listed securities in which there were no sales. The independent pricing service uses information provided by market makers or estimates of market value obtained from yield data relating to investments or securities with similar characteristics. Senior Loans, for which a secondary market does not exist, are valued at fair value by Pacific Investment Management Co. LLC, the Fund’s sub-adviser, pursuant to procedures approved by the Board of Trustees. Such procedures may include consideration and evaluation of: (1) the creditworthiness of the borrower and any intermediate participants; (2) the term of the Senior Loan; (3) recent prices in the market for similar loans, if any; (4) recent prices in the market for loans of similar quality, coupon rate, and period until next interest rate reset and maturity; and (5) general economic and market conditions affecting the fair value of the Senior Loan. Exchange traded options, futures and options on futures are valued at the settlement price determined by relevant exchange. Swaps are marked to market daily by the Portfolio’s Sub-Adviser based on quotatives from market makers. Short-term investments maturing in 60 days or less are valued at amortized cost, if their original maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term of the maturity exceeded 60 days. The prices used by the Fund to value securities may differ from the value that would be realized if the securities were sold. The Fund’s net asset value is determined daily at the close of regular trading (normally, 4:00 p.m. Eastern time) on the New York Stock Exchange.

(a) Security in default.

(b) Illiquid security

(d) 144A Security- Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, typically only to qualified institutional investors.

(e) Floating Rate Security-Interest rate shown is the rate in effect at January 31, 2005.

(f) Credit-linked trust certificate.

(g) Private Placement. Restricted as to resale and does not have a readily available market.

(h) These securities generally pay interest at rates which are periodically pre-determined by reference to a base lending rate plus a premium. These base lending rates are generally either the lending rate offered by one or more major European banks, such as the London Inter-Bank Offered Rate (“LIBOR”) or the prime rate offered by one or more major United States banks, or the certificate of deposit rate. These securities are generally considered to be restricted as the Fund is ordinarily contractually obligated to receive approval from the Agent Bank and/or borrower prior to disposition.

(i) All or partial principal amount segregated as initial margin on futures contracts.

(j) Non-income producing security.

Glossary:

CMO -Collateralized Mortgage Obligation

NR - Not Rated

REIT -Real Estate Investment Trust

VRN -Variable Rate Note. Maturity date shown date of next rate change and the interest rate disclosed reflects the rate in effect on January 31, 2005.

WR -Withdrawn Rating

Item 2. Controls and Procedures

(a) The registrant’s President and Chief Executive Officer and Principal Financial Officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-2(c) under the Investment Company Act of 1940, as amended are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no significant changes in the registrant’s internal controls or in factors that could affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Item 3. Exhibits

(a) Exhibit 99.302 Cert. – Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant: PIMCO Corporate Income Fund

By	/s/ Brian S. Shlissel
President & Chief Executive Officer

Date: March 30, 2005

By	/s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting Officer

Date: March 30, 2005

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dated indicated.

By	/s/ Brian S. Shlissel
President & Chief Executive Officer

Date: March 30, 2005

By	/s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting Officer

Date: March 30, 2005