October 20, 1997
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION FOR
FUND DATED
Pioneer Balanced Fund April 30, 1997
Pioneer Europe Fund February 28, 1997
Pioneer Growth Shares April 30, 1997
Pioneer Growth Trust February 28, 1997
Pioneer India Fund February 28, 1997
Pioneer Intermediate Tax Free Fund April 30, 1997
Pioneer International Growth Fund March 27, 1997
Pioneer Mid-Cap Fund January 28, 1997
Pioneer Money Market Trust April 30, 1997
Pioneer Real Estate Shares April 30, 1997
Pioneer Short-Term Income Trust March 27, 1997
Pioneer Tax-Free Income Fund April 30, 1997
Pioneer World Equity Fund June 5, 1997
Effective June 23, 1997, Mary K. Bush became trustee of the Fund. The following
supplements the corresponding section of the Statement of Additional
Information. Please consult the Statement of Additional Information for the full
text of the supplemented section.
2. MANAGEMENT OF THE FUND
MARY K. BUSH, Trustee, DOB: April 1948
4201 Cathedral Ave. NW, Washington, DC 20016
President, Bush & Co., an International Financial Advisory firm, since
1991; Director/Trustee of Mortgage Guaranty Insurance Corporation, Novecon
Management Company, Hoover Institution, Folger Shakespeare Library, March of
Dimes, Project 2000, Inc., Small Enterprise Assistance Fund and Wilberforce
University; Advisory Board member, Washington Mutual Investors Fund, a
registered investment company; U.S. Alternate Executive Director, International
Monetary Fund (1984-1988); and Managing Director, FederalHousing Finance Board
(1989-1991), and Trustee of all of the Pioneer mutual funds, except Pioneer
Variable Contracts Trust.
Total Compensation from the
Pension or Fund and other
Aggregate Retirement funds in the
Compensation Benefits Pioneer Family
Trustee From the Fund Accrued of Mutual Funds**
Mary K. Bush+ $ 0 $ 0 $ 0
--------
+ Mary K. Bush became a Trustee on June 23, 1997.
