February 8, 2000
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION FOR
<TABLE>
<CAPTION>
FUND DATED
<S> <C>
Pioneer II January 28, 2000
Pioneer Mid-Cap Fund January 28, 2000
Pioneer Strategic Income Fund January 28, 2000
Pioneer Europe Fund March 1, 1999 (as supplemented June 3, 1999)
Pioneer Indo-Asia Fund March 1, 1999 (as supplemented June 3, 1999)
Pioneer Capital Growth Fund March 1, 1999 (as supplemented June 3, 1999)
Pioneer Equity-Income Fund March 1, 1999 (as supplemented June 3, 1999)
Pioneer Small Company Fund March 1, 1999 (as supplemented June 3, 1999)
Pioneer Limited Maturity Bond Fund March 30, 1999 (as revised September 17, 1999)
Pioneer Emerging Markets Fund March 30, 1999 (as supplemented June 3, 1999)
Pioneer International Growth Fund March 30, 1999 (as supplemented June 3, 1999)
Pioneer Micro-Cap Fund March 30, 1999 (as revised August 27, 1999)
Pioneer Fund May 3, 1999 (as supplemented June 3, 1999)
Pioneer America Income Trust May 3, 1999 (as supplemented June 3, 1999 and
June 9, 1999)
Pioneer Real Estate Shares May 3, 1999 (as supplemented June 3, 1999)
Pioneer Balanced Fund May 3, 1999 (as supplemented June 3, 1999)
Pioneer Tax-Free Income Fund May 3, 1999 (as supplemented June 3, 1999)
Pioneer World Equity Fund July 29, 1999
Pioneer Growth Shares October 11, 1999
Pioneer Bond Fund October 28, 1999
Pioneer Tax-Managed Fund November 18, 1999
</TABLE>
The following supplements the corresponding section of the statement of
additional information.
SALES CHARGES - CLASS A SHARE SALES CHARGES
PFD will reallow to A.G. Edwards & Sons, Inc. the entire sales charge for
all sales of Class A shares of any Pioneer mutual fund to IRA accounts if the
order is placed from January 1, 2000 through April 17, 2000. PFD will reallow to
Citicorp Investment Services the entire sales charge for all Class A share sales
of any Pioneer mutual fund if the order is placed from March 1, 2000 through
June 30, 2000.
