SUPPLEMENT TO THE PROSPECTUSES FOR
PIONEER INDEPENDENCE PLANS AND PIONEER INDEPENDENCE FUND
DATED MAY 1, 2000
(SUPERSEDES SUPPLEMENTS DATED MAY 26 AND OCTOBER 25, 2000)
The following supplements the information presented under the corresponding
section of the prospectus. All references in the supplemented prospectus to The
Pioneer Group, Inc. are changed to Pioneer Investment Management USA Inc.
PIONEER INDEPENDENCE PLANS
INVESTMENTS, WITHDRAWALS AND TERMINATIONS
TELEPHONE REQUESTS You are automatically authorized to make telephone
withdrawals and sales from your plan unless you indicate otherwise on your plan
application. You may not terminate your plan or exercise your cancellation or
surrender rights by phone. For personal assistance, call BFDS at 1-800-765-9565
weekdays between 8 a.m. and 6 p.m. Eastern time.
ADDITIONAL INFORMATION
PIONEER FUNDS DISTRIBUTOR, INC.'S DIRECTORS AND OFFICERS:
NAME, POSITIONS AND OFFICES
DAVID D. TRIPPLE, CHAIRMAN AND DIRECTOR
Director, Chief Executive Officer and President of Pioneer Investment Management
USA Inc. (PIM-USA); President and a Director of Pioneer Investment Management,
Inc. (Pioneer Investments); Director of Pioneering Services Corporation (PSC),
Pioneer International Corporation (PIntl), Pioneer Management (Ireland) Limited
(PMIL), Pioneer America Fund Plc, Pioneer Emerging Europe Fund Plc, Pioneer
European Equity Fund Plc, Pioneer Euro Reserve Fund Plc, Pioneer Global Bond
Fund Plc, Pioneer Global Equity Fund Plc, Pioneer Greater Asia Fund Plc, Pioneer
U.S. Growth Fund Plc, Pioneer U.S. High Yield Fund Plc and Pioneer US Real
Estate Fund Plc; Member of the Supervisory Board of Pioneer First Polish
Investment Fund Joint Stock Company, Pioneer Czech Investment Company, a.s. and
Pioneer Asset Management S.A.; and Executive Vice President and Trustee of all
of the Pioneer mutual funds.
ERIC W. RECKARD, TREASURER
Chief Financial Officer of PIM-USA since October 2000; Executive Vice President,
Chief Financial Officer and Treasurer of PIM-USA from June 1999 to October 2000;
Treasurer of Pioneer Investments, PSC, PIntl and of all of the Pioneer mutual
funds since June 1999 (Assistant Treasurer of the funds prior to June 1999);
Vice President-Corporate Finance of PIM-USA from February 1999 to June 1999;
Manager of Fund Accounting, Business Planning and Internal Audit of PIM-USA
since September 1996; and Manager of Fund Accounting and Compliance of PIM-USA
from May 1995 to September 1996.
DOROTHY E. BOURASSA, CLERK
Senior Vice President-Legal and Secretary of PIM-USA and Secretary/Clerk of most
of its subsidiaries since October 2000; Assistant Secretary of all of the
Pioneer mutual funds since November 2000; Senior Counsel, Assistant Vice
President and Director of Compliance of PIM-USA from April 1998 through October
2000; Vice President and Assistant General Counsel, First Union Corporation from
December 1996 through March 1998; and Vice President and Counsel, Keystone
Investments, Inc. from March 1986 through November 1996.
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STEVEN M. GRAZIANO, DIRECTOR AND PRESIDENT
Executive Vice President - Domestic Distribution of Pioneer Investments.
DANIEL DART, EXECUTIVE VICE PRESIDENT
National sales manager of Pioneer Investments.
SENIOR VICE PRESIDENTS: William A. Misata, William H. Spencer IV, Constance D.
Spiros and Marcy L. Supovitz.
SENIOR VICE PRESIDENTS, DIVISIONAL SALES MANAGERS: Nate Algiere, Sherwood L.
Harris and Jeffrey H. Saunders.
VICE PRESIDENTS: Barry G. Knight and Elizabeth A. Watson.
PIONEER INDEPENDENCE FUND
MANAGEMENT
The next paragraph replaces the section entitled "Pioneer Group":
PIONEER GLOBAL ASSET MANAGEMENT
Pioneer is part of Pioneer Global Asset Management, the asset management
subsidiary of UniCredito Italiano S.p.A., one of the largest banking groups in
Italy. Pioneer Global Asset Management provides investment management and
financial services to mutual funds, institutional and other clients. As of
October 25, 2000, Pioneer Global Asset Management has over $100 billion in
assets under management worldwide, including over $23 billion in assets under
management by Pioneer.
INVESTMENT ADVISER
Pioneer's main office is at 60 State Street, Boston, Massachusetts 02109.
The firm's U.S. mutual fund investment history includes creating in 1928 one of
the first mutual funds.
PORTFOLIO MANAGER
The fund's investment management and research team may draw upon the research
and investment management expertise of Pioneer's affiliate, Pioneer Investment
Management Limited.
DISTRIBUTOR AND TRANSFER AGENT
The distributor and the transfer agent are affiliates of Pioneer.
9491-00-1100
(C) Pioneer Funds Distributor, Inc.
