FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * MANEY JOHN C   2. Issuer Name and Ticker or Trading Symbol NFJ DIVIDEND, INTEREST & PREMIUM STRATEGY FUND [NFJ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) Investment Manager (Last) (First) (Middle) 840 NEWPORT CENTER DRIVE 3. Date of Earliest Transaction (Month/Day/Year) 12/01/2005 (Street) NEWPORT BEACH, CA 92660 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Compensation Deferral Account (1)

(2)

12/01/2005

P

2,000

(2)

(2)

Common Shares

2,000

$ 21.5

6,000

I

Compensation Deferral Account (1) (2)

Compensation Deferral Account (1)

(2)

12/01/2005

P

2,650

(2)

(2)

Common Shares

2,650

$ 21.49

8,650

I

Compensation Deferral Account (1) (2)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MANEY JOHN C 840 NEWPORT CENTER DRIVE NEWPORT BEACH, CA 92660				Investment Manager

Signatures

Brian S. Shlissel, Attorney in fact for John Maney.		12/02/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	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.
(2)	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 rabbi 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.
Remarks: Allianz Global Investors Fund Management LLC (AGIFM) is the investment manager of the Issuer.  Mr. Maney is an Executive Vice President and the Chief Financial Officer of AGIFM.

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