August 31, 2000
(SUPERSEDES APPLICABLE SUPPLEMENTS DATED FEBRUARY 8, MARCH 1,
MARCH 31 AND MAY 30, 2000)
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION FOR
FUND DATED
Pioneer II January 28, 2000
Pioneer Mid-Cap Fund January 28, 2000
Pioneer Strategic Income Fund January 28, 2000
Pioneer High Yield Fund February 25, 2000
Pioneer Europe Fund February 28, 2000
Pioneer Indo-Asia Fund February 28, 2000
Pioneer Mid-Cap Value Fund February 28, 2000
Pioneer Equity-Income Fund February 28, 2000
Pioneer Small Company Fund February 28, 2000
Pioneer Limited Maturity Bond Fund March 29, 2000
Pioneer Emerging Markets Fund March 29, 2000
Pioneer International Growth Fund March 29, 2000
Pioneer Micro-Cap Fund March 29, 2000
Pioneer Science & Technology Fund March 31, 2000
Pioneer Fund May 1, 2000
Pioneer Cash Reserves Fund May 1, 2000 (as revised May 15, 2000)
Pioneer America Income Trust May 1, 2000
Pioneer Real Estate Shares May 1, 2000
Pioneer Growth Shares May 1, 2000
Pioneer Balanced Fund May 1, 2000
Pioneer Tax-Free Income Fund May 1, 2000
Pioneer World Equity Fund July 31, 2000
Pioneer Bond Fund October 28, 1999
Pioneer Tax-Managed Fund November 18, 1999
ADDITIONAL PAYMENTS TO DEALERS
From time to time, PFD or its affiliates may elect to make payments to
broker-dealers in addition to the commissions described in the funds' statements
of additional information. With respect to the above listed funds, PFD will
reallow to participating broker/dealers the entire sales charge for all sales of
Class A shares of the above listed funds for orders placed from March 1, 2000
through September 30, 2000. In addition, PFD or its affiliates may elect to pay
broker-dealers an additional commission based on the net asset value of all
shares sold by a dealer during a particular period. With respect to each of the
above listed funds, PFD has elected to pay dealers an amount equal to 0.50% of
the net asset value of the fund's Class B shares sold from April 1, 2000 through
September 30, 2000. In addition, PFD may elect to pay, at its own expense,
additional cash or other incentives to dealers that sell or arrange for the sale
of shares of the fund. Such cash or other incentives may take the form of
payment for attendance at preapproved conferences or seminars, sales or training
programs for invited registered representatives and other employees, payment for
travel expenses, including lodging, incurred by registered representatives and
other employees for such seminars or training programs, seminars for the public,
advertising and preapproved sales campaigns or dealer-sponsored events. PFD may
also elect to make expense reimbursements for special training of a dealer's
registered representatives and other employees in group meetings or to help pay
the expenses of sales contests. PFD will offer such cash and other incentives
only to the extent permitted by applicable law or by a self-regulatory agency
such as the National Association of Securities Dealers, Inc.
