January 6, 1997
SUPPLEMENT TO THE PROSPECTUS OF:
PIONEER INCOME FUND
DATED APRIL 29, 1996
IV. MANAGEMENT OF THE FUND
Each domestic fixed income portfolio managed by PMC, including the Fund, is
overseen by the Domestic Fixed Income Portfolio Committee, which consists of
PMC's most senior domestic fixed income professionals. The committee is chaired
by Mr. David Tripple, PMC's President and Chief Investment Officer and Executive
Vice President of each of the Pioneer mutual funds. Mr. Tripple joined PMC in
1974 and has had general responsibility of PMC's investment operations and
specific portfolio assignments for over five years. Fixed income investments at
PMC, including those made on behalf of the Fund, are under the general
supervision of Mr. Sherman Russ, a Senior Vice President of PMC. Mr. Russ joined
PMC in 1983. Effective January 2, 1997, Mr. William C. Field is the investment
manager primarily responsible for the day-to-day management of the Fund. Mr.
Field joined PMC in 1991 as a research analyst and has served as an assistant
portfolio manager for certain institutional accounts since January 1996.
0197-3895
(C) Pioneer Funds Distributor, Inc.
