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SIGNATURE ROBERT P. NAULT
TITLE ASST. SECRETARY
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<NUMBER-OF-SHARES-SOLD> 10
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 317912
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 26109
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 48509
<AVERAGE-NET-ASSETS> 151
<PER-SHARE-NAV-BEGIN> 20.55
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 0.34
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.88
<EXPENSE-RATIO> 2.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Attached please find the definitive proxy statement for Pioneer II, incorporated
by reference, that was filed on March 19, 1996, Accension #
0000078758-96-000013. This is an attachment for question 77 (c) on the annual
N-SAR for Pioneer II.
Attached please find the definitive proxy statement for Pioneer II, incorporated
by reference, that was filed on March 29, 1996, Accension #
0000078758-96-000014. This is an attachment for question 77 (c) on the annual
N-SAR for Pioneer II.
Attached please find the annual report for Pioneer II, incorporated by
reference, that was filed on November 22, 1996, Accension #
0000078758-96-000030. This is an attachment for question 77 (c) on the annual
N-SAR for Pioneer II. The annual report contains the result of the definitive
proxy which is also being incorporated by reference with this N-SAR filing.
To the Board of Trustees of Pioneer II:
In planning and performing our audit of the financial statements of Pioneer II
for the year ended September 30, 1996, we considered its internal control
structure, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, and
not to provide assurance on the internal control structure.
The management of Pioneer II is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. The objectives of
an internal control structure are to provide management with reasonable, but not
absolute, assurance that assets are safeguarded against loss from unauthorized
use or disposition and that transactions are executed in accordance with
management's authorization and recorded properly to permit preparation of
financial statements in conformity with generally accepted accounting
principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
September 30, 1996.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
Boston, Massachusetts
October 31, 1996
