PIONEER BALANCED FUND
NSAR-A, EX-27, 2000-08-17
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000069405
<NAME> PIONEER BALANCED FUND
<SERIES>
   <NUMBER> 001
   <NAME> PIONEER BALANCED FUND CLASS A
<CURRENCY> US

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        190836189
<INVESTMENTS-AT-VALUE>                       206218136
<RECEIVABLES>                                  5995640
<ASSETS-OTHER>                                     385
<OTHER-ITEMS-ASSETS>                               289
<TOTAL-ASSETS>                               212214450
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     14317237
<TOTAL-LIABILITIES>                           14317237
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     188289885
<SHARES-COMMON-STOCK>                         18109958
<SHARES-COMMON-PRIOR>                         22091918
<ACCUMULATED-NII-CURRENT>                       434156
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       6208775
<ACCUM-APPREC-OR-DEPREC>                      15381947
<NET-ASSETS>                                 197897213
<DIVIDEND-INCOME>                              1105501
<INTEREST-INCOME>                              3666693
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1467835
<NET-INVESTMENT-INCOME>                        3304359
<REALIZED-GAINS-CURRENT>                       5739603
<APPREC-INCREASE-CURRENT>                    (4847674)
<NET-CHANGE-FROM-OPS>                          4196288
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      2942227
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1007045
<NUMBER-OF-SHARES-REDEEMED>                    5256283
<SHARES-REINVESTED>                             267278
<NET-CHANGE-IN-ASSETS>                      (40566670)
<ACCUMULATED-NII-PRIOR>                         298891
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                    11948378
<GROSS-ADVISORY-FEES>                           710988
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1503153
<AVERAGE-NET-ASSETS>                         197959123
<PER-SHARE-NAV-BEGIN>                             9.73
<PER-SHARE-NII>                                   0.15
<PER-SHARE-GAIN-APPREC>                           0.05
<PER-SHARE-DIVIDEND>                              0.14
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.79
<EXPENSE-RATIO>                                   1.28


</TABLE>


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