Virtus Dividend, Interest & Premium Strategy Fund — Director's Dealing 2005

Feb 28, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NFJ DIVIDEND, INTEREST & PREMIUM STRATEGY FUND (NFJ)
CIK: 0001260563
Period of Report: 2005-02-25

Reporting Person: MANEY JOHN C (Investment Manager)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-25	Compensation Deferral Account	$	P	4000	Acquired		Common Shares (4000)	Indirect

Footnotes

F1: A rabbi Trust established in connection with the Executive Deferral Compensation Plan of Allianz Global Investors of America LLC acquired common shares of the Issuer for the Compensation Deferral Account maintained for the benefit of Mr. Maney. The shares are held in the name of the Plan.

F2: Mr. Maney will receive in cash the value of the shares at the time he is eligible to receive benefits under the Plan unless he instructs the rabbit trust to sell the shares at an earlier date and allocate the proceeds of the sale to a different investment. Mr. Maney is not eligible to receive benefits under the Plan until five years after the plan year in which the contribution was made to his account, or such later date beyond five years as Mr. Maney elects.