October 20, 1998
PIONEER INDEPENDENCE FUND
SUPPLEMENT TO THE PROSPECTUS DATED MARCH 16, 1998
(AS REVISED MAY 20, 1998)
The following information supplements the corresponding section of the
Prospectus.
III. MANAGEMENT OF THE FUND
Co-managers Mr. David D. Tripple and Ms. Theresa A. Hamacher share
responsibility for the day-to-day management of the Fund. Mr. Tripple and Ms.
Hamancher are assisted by a team of senior portfolio managers which meets
regularly to discuss holdings, prospective investments and portfolio
composition.
Mr. Tripple is president of PMC and executive vice president of all the
Pioneer mutual funds. Mr. Tripple joined PMC in 1974. Ms. Hamacher, chief
investment officer of PMC has general responsibility for PMC's investment
operations. Ms. Hamacher joined PMC in 1997 and has been an investment
professional since 1984. Prior to joining PMC, Ms. Hamacher was chief investment
officer for Prudential Securities from 1994 to 1996, managing director for
Bankers Trust from April 1994 to October 1994 and held various positions with
Prudential Investment Corp. from 1982 to 1994.
1098-5796
(C) Pioneer Funds Distributor, Inc.
