PIONEER GROWTH SHARES
NSAR-A, 1997-08-26
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<PAGE>      PAGE  1
000 A000000 06/30/97
000 C000000 0000069404
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012 A000001 PIONEERING SERVICES CORPORATION
012 B000001 84-1359
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<PAGE>      PAGE  2
013 B010001 BOSTON
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015 B000001 C
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<PAGE>      PAGE  3
015 A000010 THE SUMITOMO TRUST AND BANK CO., LTD.
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
015 C010030 SHENZHEN
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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022 A000003 EXXON ASSET MANAGEMENT
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022 A000005 TRAVELERS/AETNA PROP.
<PAGE>      PAGE  8
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<PAGE>      PAGE  11
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SIGNATURE   ROPERT P. NAULT                              
TITLE       ASST. SECRETARY     
 


<TABLE> <S> <C>

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<CIK> 0000069404
<NAME> PIONEER GROWTH SHARES
<SERIES>
   <NUMBER> 001
   <NAME> PIONEER GROWTH SHARES CLASS A
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000069404
<NAME> PIONEER GROWTH SHARES
<SERIES>
   <NUMBER> 002
   <NAME> PIONEER GROWTH SHARES CLASS B
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000069404
<NAME> PIONEER GROWTH SHARES
<SERIES>
   <NUMBER> 003
   <NAME> PIONEER GROWTH SHARES CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                        335739996
<INVESTMENTS-AT-VALUE>                       475263570
<RECEIVABLES>                                  3167266
<ASSETS-OTHER>                                   23519
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<TOTAL-ASSETS>                               478454355
<PAYABLE-FOR-SECURITIES>                       2088275
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       780545
<TOTAL-LIABILITIES>                            2868820
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     327842143
<SHARES-COMMON-STOCK>                           504533
<SHARES-COMMON-PRIOR>                           117278
<ACCUMULATED-NII-CURRENT>                     (690711)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        8910529
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     139523574
<NET-ASSETS>                                 475585535
<DIVIDEND-INCOME>                              1141129
<INTEREST-INCOME>                               264061
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (2095901)
<NET-INVESTMENT-INCOME>                       (690711)
<REALIZED-GAINS-CURRENT>                       4567632
<APPREC-INCREASE-CURRENT>                     85239647
<NET-CHANGE-FROM-OPS>                         89116568
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         509313
<NUMBER-OF-SHARES-REDEEMED>                     122058
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       165347564
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      4342897
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           900835
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2128904
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<PER-SHARE-NAV-BEGIN>                            11.55
<PER-SHARE-NII>                                 (0.04)
<PER-SHARE-GAIN-APPREC>                           3.10
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.61
<EXPENSE-RATIO>                                   1.78
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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