June 3, 1999
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION FOR
FUND DATED
Pioneer World Equity Fund July 29, 1998 (as
supplemented October 30,
1998)
Pioneer Bond Fund May 17, 1999
Pioneer II February 1, 1999
Pioneer Mid-Cap Fund February 1, 1999
Pioneer Strategic Income Fund April 15, 1999
Pioneer Europe Fund March 1, 1999
Pioneer Indo-Asia Fund March 1, 1999
Pioneer Capital Growth Fund March 1, 1999
Pioneer Equity-Income Fund March 1, 1999
Pioneer Gold Shares March 1, 1999
Pioneer Small Company Fund March 1, 1999
Pioneer Short-Term Income Trust March 30, 1999
Pioneer Emerging Markets Fund March 30, 1999
Pioneer International Growth Fund March 30, 1999
Pioneer Micro-Cap Fund March 30, 1999
Pioneer Fund May 3, 1999
Pioneer Cash Reserves Fund May 3, 1999
Pioneer America Income Trust May 3, 1999
Pioneer Real Estate Shares May 3, 1999
Pioneer Growth Shares May 3, 1999
Pioneer Balanced Fund May 3, 1999
Pioneer Tax-Free Income Fund May 3, 1999
Pioneer Independence Fund May 3, 1999
Pioneer Variable Contracts Trust May 3, 1999
(each, a "Fund" and collectively, the "Funds")
The following information supplements the management biographies in the
statement of additional information (SAI). Please consult the SAI for the full
text of the revised section.
MANAGEMENT OF THE FUND
ERIC W. RECKARD, TREASURER, DOB: JUNE 1956
Executive Vice President, Chief Financial Officer and Treasurer of PGI since
June 1999; Treasurer of Pioneer, PFD, PSC, PIntl, PREA and Pioneer Omega since
June 1999; Vice President-Corporate Finance of PGI from February 1999 to June
1999; Manager of Business Planning and Internal Audit of PGI since September
1996; Manager of Fund Accounting of Pioneer since May 1994; Manager of Auditing,
Compliance and Business Analysis for PGI prior to May 1994; and Treasurer of all
of the Pioneer mutual funds (Assistant Treasurer of the funds prior to June
1999).
VINCENT NAVE, ASSISTANT TREASURER, DOB: JUNE 1945
Vice President-Fund Accounting, Administration and Custody Services of Pioneer
(Manager from September 1996 to February 1999); Senior Vice President of The
Boston Company's Investor Services Group prior to July 1994; and Assistant
Treasurer of all of the Pioneer Mutual Funds since June 1999.
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