January 2, 2001
(SUPERSEDES APPLICABLE SUPPLEMENTS DATED AUGUST 31, 2000)
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
(AS SUPPLEMENTED NOVEMBER 22, 2000)
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 September 29, 2000
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 for IRA accounts from
January 2, 2001 through April 30, 2001. 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 participating dealers an
amount equal to 0.50% of the net asset value of the fund's Class B shares sold
to IRA accounts from January 2, 2001 through April 30, 2001. With respect to
each of the above listed funds, PFD has elected to pay participating dealers an
amount equal to 0.50% of the net asset value of the fund's Class C shares sold
to IRA accounts from January 2, 2001 through April 30, 2001. 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.
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION FOR
FUND DATED
Pioneer Global Financials Fund December 29, 2000
Pioneer Global Health Care Fund December 29, 2000
Pioneer Telecoms Fund December 29, 2000
Pioneer Europe Select Fund December 29, 2000
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 January 2, 2001
through March 31, 2001, and 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 for IRA accounts from April 1, 2001 through April 30, 2001. 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 participating dealers an amount equal to 0.50% of the net asset
value of the fund's Class B shares sold from January 2, 2001 through March 31,
2001, and PFD has elected to pay participating dealers an amount equal to 0.50%
of the net asset value of the fund's Class B shares sold to IRA accounts from
April 1, 2001 through April 30, 2001. With respect to each of the above listed
funds, PFD has elected to pay participating dealers an amount equal to 0.50% of
the net asset value of the fund's Class C shares sold to IRA accounts from
January 2, 2001 through April 30, 2001. 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.
