PIONEER MONEY MARKET TRUST
NSAR-B, 1997-02-24
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0000812195
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 PIONEER MONEY MARKET TRUST
001 B000000 811-5099
001 C000000 6177427825
002 A000000 60 STATE STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
002 D020000 1801
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 PIONEER CASH RESERVES FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 PIONEERING MANAGEMENT CORPORATION
008 B00AA01 A
008 C00AA01 801-8255
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02109
008 D04AA01 1801
011 A00AA01 PIONEER FUNDS DISTRIBUTOR, INC.
011 B00AA01 8-41256
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
011 C04AA01 1801
012 A00AA01 PIONEERING SERVICES CORPORATION
012 B00AA01 84-1359
012 C01AA01 BOSTON
<PAGE>      PAGE  2
012 C02AA01 MA
012 C03AA01 02109
012 C04AA01 1801
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
013 B04AA01 2604
015 A00AA01 BROWN BROTHERS HARRIMAN & CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 C04AA01 1820
015 E01AA01 X
015 A00AA02 NATIONAL AUSTRALIA BANK
015 B00AA02 S
015 C01AA02 MELBOURNE 3000
015 D01AA02 AUSTRALIA
015 D02AA02 3000
015 E04AA02 X
015 A00AA03 CREDITANSTALT BANK VEREIN
015 B00AA03 S
015 C01AA03 VIENNA A-1090
015 D01AA03 AUSTRIA
015 D02AA03 A-1090
015 E04AA03 X
015 A00AA04 BANQUE BRUXELLES LAMBERT
015 B00AA04 S
015 C01AA04 BRUSSELS 1040
015 D01AA04 BELGIUM
015 D02AA04 1040
015 E04AA04 X
015 A00AA05 DEN DANSKE BANK, COPENHAGEN
015 B00AA05 S
015 C01AA05 COPENHAGEN
015 D01AA05 DENMARK
015 E04AA05 X
015 A00AA06 MERITA BANK
015 B00AA06 S
015 C01AA06 HELSINKI
015 D01AA06 FINLAND
015 E04AA06 X
015 A00AA07 BANQUE PARIBAS
015 B00AA07 S
015 C01AA07 PARIS 75001
015 D01AA07 FRANCE
015 D02AA07 75001
015 E04AA07 X
015 A00AA08 DRESDENER BANK
015 B00AA08 S
<PAGE>      PAGE  3
015 C01AA08 FRANKFURT D-6000
015 D01AA08 GERMANY
015 D02AA08 D-6000
015 E04AA08 X
015 A00AA09 STANDARD CHARTERED BANK, HONG KONG
015 B00AA09 S
015 C01AA09 HONG KONG
015 D01AA09 HONG KONG
015 E04AA09 X
015 A00AA10 BANCA COMMERCIALE ITALIANA, MILAN
015 B00AA10 S
015 C01AA10 MILAN
015 D01AA10 ITALY
015 D02AA10 20121
015 E04AA10 X
015 A00AA11 THE SUMITOMO TRUST & BANKING CO. LTD.
015 B00AA11 S
015 C01AA11 TOKYO 100
015 D01AA11 JAPAN
015 D02AA11 100
015 E04AA11 X
015 A00AA12 CITIBANK, N.A.
015 B00AA12 S
015 C01AA12 SEOUL 110
015 D01AA12 KOREA
015 D02AA12 110
015 E04AA12 X
015 A00AA13 HONG KONG BANK MALAYSIA BERHAD
015 B00AA13 S
015 C01AA13 KUALA LAMPUR 50100
015 D01AA13 MALAYSIA
015 D02AA13 50100
015 E04AA13 X
015 A00AA14 CITIBANK MEXICO S.A.
015 B00AA14 S
015 C01AA14 MEXICO CITY
015 D01AA14 MEXICO
015 D02AA14 06695
015 E04AA14 X
015 A00AA15 ABN/AMRO BANK
015 B00AA15 S
015 C01AA15 BREDA
015 D01AA15 NETHERLANDS
015 E04AA15 X
015 A00AA16 DEN NORSKE BANK
015 B00AA16 S
015 C01AA16 OSLO
015 D01AA16 NORWAY
015 D02AA16 N-0107
015 E04AA16 X
015 A00AA17 CITIBANK N.A., MANILA
<PAGE>      PAGE  4
015 B00AA17 S
015 C01AA17 MAKATI METRO
015 D01AA17 PHILIPPINES
015 E04AA17 X
015 A00AA18 BANCO ESPIRITO SANTO COMMERICIAL DE LISBOA
015 B00AA18 S
015 C01AA18 1200 LISBON
015 D01AA18 PORTUGAL
015 D02AA18 1200
015 E04AA18 X
015 A00AA19 STANDARD CHARTERED BANK
015 B00AA19 S
015 C01AA19 0104  SINGAPORE
015 D01AA19 SINGAPORE
015 D02AA19 0104
015 E04AA19 X
015 A00AA20 BANCO SANTANDER
015 B00AA20 S
015 C01AA20 MADRID 28022
015 D01AA20 SPAIN
015 D02AA20 28022
015 E04AA20 X
015 A00AA21 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA21 S
015 C01AA21 STOCKHOLM, S-10640
015 D01AA21 SWEDEN
015 D02AA21 S-10640
015 E04AA21 X
015 A00AA22 SWISS BANK CORP.
015 B00AA22 S
015 C01AA22 ZURICH
015 D01AA22 SWITZERLAND
015 E04AA22 X
015 A00AA23 CENTRAL TRUST OF CHINA
015 B00AA23 S
015 C01AA23 TAIPEI
015 D01AA23 TAIWAN, R.O.C.
015 E04AA23 X
015 A00AA24 HONG KONG & SHANGHAI BANKING CORP.
015 B00AA24 S
015 C01AA24 BANGKOK 10500
015 D01AA24 THAILAND
015 D02AA24 10500
015 E04AA24 X
015 A00AA25 ROYAL BANK OF SCOTLAND
015 B00AA25 S
015 C01AA25 LONDON
015 D01AA25 UNITED KINGDOM
015 E04AA25 X
015 A00AA26 CITIBANK N.A., CARACAS
015 B00AA26 S
<PAGE>      PAGE  5
015 C01AA26 CARACAS
015 D01AA26 VENEZUELA
015 E04AA26 X
015 A00AA27 THE FIRST NAT'L BANK OF BOSTON, MONTEVIDEO
015 B00AA27 S
015 C01AA27 MONTEVIDEO
015 D01AA27 URUGUAY
015 E04AA27 X
015 A00AA28 CITIBANK N.A. ISTANBUL
015 B00AA28 S
015 C01AA28 ISTANBUL
015 D01AA28 TURKEY
015 E04AA28 X
015 A00AA29 CITIBANK N.A., BUENOS AIRES
015 B00AA29 S
015 C01AA29 BUENOS AIRES
015 D01AA29 ARGENTINA
015 E04AA29 X
015 A00AA30 THE FIRST NAT'L BANK OF BOSTON, SAN PAULO
015 B00AA30 S
015 C01AA30 SAO PAOLO
015 D01AA30 BRAZIL
015 E04AA30 X
015 A00AA31 CANANDIAN IMPERIAL BANK OF COMMERCE
015 B00AA31 S
015 C01AA31 QUEBEC
015 D01AA31 CANADA
015 E04AA31 X
015 A00AA32 CITIBANK N.A., SANTIAGO
015 B00AA32 S
015 C01AA32 SANTIAGO
015 D01AA32 CHILE
015 E04AA32 X
015 A00AA33 STANDARD CHARTERED BANK, SHANGHAI
015 B00AA33 S
015 C01AA33 SHANGHAI
015 D01AA33 CHINA
015 E04AA33 X
015 A00AA34 STANDARD CHARTERED BANK, SHENZHEN
015 B00AA34 S
015 C01AA34 SHENZEN
015 D01AA34 CHINA
015 E04AA34 X
015 A00AA35 CITITRUST COLOMBIA, S.A., SOCIEDAD
015 B00AA35 S
015 C01AA35 BOGOTA
015 D01AA35 COLOMBIA
015 E04AA35 X
015 A00AA36 CESKOLOVENSKA OBCHODNI BANKA A.S. PRAGUE
015 B00AA36 S
015 C01AA36 PRAGUE
<PAGE>      PAGE  6
015 D01AA36 CZECH REPUBLIC
015 E04AA36 X
015 A00AA37 CITIBANK N.A. ATHENS
015 B00AA37 S
015 C01AA37 ATHENS
015 D01AA37 GREECE
015 E04AA37 X
015 A00AA38 CITIBANK BUDAPEST RT FOR CITIBANK N.A.
015 B00AA38 S
015 C01AA38 BUDAPEST
015 D01AA38 HUNGARY
015 E04AA38 X
015 A00AA39 CITIBANK N.A., JAKARTA
015 B00AA39 S
015 C01AA39 JAKARTA
015 D01AA39 INDONESIA
015 E04AA39 X
015 A00AA40 CITIBANK N.A. MUMBAI
015 B00AA40 S
015 C01AA40 BOMBAY
015 D01AA40 INDIA
015 E04AA40 X
015 A00AA41 ALLIED IRISH BANKS PLC
015 B00AA41 S
015 C01AA41 DUBLIN
015 D01AA41 IRELAND
015 E04AA41 X
015 A00AA42 BANK HAPOALIM B.M.
015 B00AA42 S
015 C01AA42 HAPOALIM
015 D01AA42 ISREAL
015 E04AA42 X
015 A00AA43 BANQUE MAROCAINE DU COMMERCE EXERIOR
015 B00AA43 S
015 C01AA43 MOROCCO
015 D01AA43 MOROCCO
015 E04AA43 X
015 A00AA44 NATL AUSTRALIA BANK LTD AUCKLAND
015 B00AA44 S
015 C01AA44 AUCKLAND
015 D01AA44 NEW ZEALAND
015 E04AA44 X
015 A00AA45 STANDARD CHARTERED BANK KARACHI
015 B00AA45 S
015 C01AA45 KARACHI
015 D01AA45 PAKISTAN
015 E04AA45 X
015 A00AA46 CITIBANK N.A., LIMA
015 B00AA46 S
015 C01AA46 LIMA
015 D01AA46 PERU
<PAGE>      PAGE  7
015 E04AA46 X
015 A00AA47 CITIBANK (POLAND) S.A. FOR CITIBANK, N.A.
015 B00AA47 S
015 C01AA47 WARSAW
015 D01AA47 POLAND
015 E04AA47 X
015 A00AA48 FIRST NATL BANK OF SOUTHERN AFRICA
015 B00AA48 S
015 C01AA48 JOHANNESBURG
015 D01AA48 SOUTH AFRICA
015 E04AA48 X
015 A00AA49 HONGKONG & SHANGHAI BANKING CORP, COLUMBO
015 B00AA49 S
015 C01AA49 COLUMBO
015 D01AA49 SRI LANKA
015 E04AA49 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   30
019 C00AA00 PIONEERFDS
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 BROWN BROTHERS
022 B000001 13-4973745
022 C000001   1839745
022 D000001         0
022 A000002 LUMMIS & CO.
022 B000002 06-0909285
022 C000002    222414
022 D000002         0
022 A000003 WILLIARS CAPITAL
022 C000003    209611
022 D000003         0
022 A000004 EUROBROKERS
022 C000004    188348
022 D000004         0
022 A000005 HOUSEHOLD FINANCE
022 B000005 36-1239445
022 C000005    104833
022 D000005         0
022 A000006 COMMERCIAL CREDIT CORP.
022 B000006 52-0883351
<PAGE>      PAGE  8
022 C000006    101929
022 D000006         0
022 A000007 LANSTON AUBREY G.
022 C000007     69000
022 D000007         0
022 A000008 PRUDENTIAL FUNDING
022 B000008 22-2231168
022 C000008     65061
022 D000008         0
022 A000009 FORD MOTOR CREDIT
022 B000009 38-1612444
022 C000009     61508
022 D000009         0
022 A000010 EXXON CREDIT CORP.
022 B000010 13-3072652
022 C000010     53355
022 D000010         0
023 C000000    3414761
023 D000000          0
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 Y
035  00AA00     91
036 A00AA00 Y
036 B00AA00      0
045  00AA00 Y
<PAGE>      PAGE  9
046  00AA00 N
047  00AA00 Y
048  00AA00  0.400
048 A01AA00        0
048 A02AA00 0.000
048 B01AA00        0
048 B02AA00 0.000
048 C01AA00        0
048 C02AA00 0.000
048 D01AA00        0
048 D02AA00 0.000
048 E01AA00        0
048 E02AA00 0.000
048 F01AA00        0
048 F02AA00 0.000
048 G01AA00        0
048 G02AA00 0.000
048 H01AA00        0
048 H02AA00 0.000
048 I01AA00        0
048 I02AA00 0.000
048 J01AA00        0
048 J02AA00 0.000
048 K01AA00        0
048 K02AA00 0.000
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
<PAGE>      PAGE  10
061  00AA00     1000
066 A00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 M000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 ICI MUTUAL INSURANCE CO.
080 C00AA00    25000
081 A00AA00 Y
081 B00AA00  50
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
028 A010100    127277
028 A020100         1
028 A030100         0
<PAGE>      PAGE  11
028 A040100     53042
028 B010100     41044
028 B020100       776
028 B030100         0
028 B040100     65020
028 C010100     31592
028 C020100       828
028 C030100         0
028 C040100     49250
028 D010100     38836
028 D020100       658
028 D030100         0
028 D040100     28216
028 E010100     40284
028 E020100       729
028 E030100         0
028 E040100     52877
028 F010100     51197
028 F020100      1429
028 F030100         0
028 F040100     56320
028 G010100    330230
028 G020100      4421
028 G030100         0
028 G040100    304725
028 H000100         0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100 100
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100    365
044  000100      0
055 A000100 N
055 B000100 N
056  000100 Y
057  000100 N
062 A000100 Y
062 B000100   0.0
062 C000100  13.1
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
<PAGE>      PAGE  12
062 G000100   0.0
062 H000100   0.0
062 I000100  86.9
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100  27
063 B000100  0.0
064 A000100 N
064 B000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
<PAGE>      PAGE  13
070 R020100 N
071 A000100         0
071 B000100         0
071 C000100         0
071 D000100    0
072 A000100 12
072 B000100    10431
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100      772
072 G000100        0
072 H000100        0
072 I000100      509
072 J000100       31
072 K000100        0
072 L000100       12
072 M000100       17
072 N000100       88
072 O000100        0
072 P000100        0
072 Q000100       71
072 R000100       34
072 S000100       34
072 T000100      365
072 U000100        0
072 V000100        0
072 W000100       50
072 X000100     1983
072 Y000100      258
072 Z000100     8706
072AA000100        0
072BB000100      276
072CC010100        0
072CC020100        0
072DD010100     8310
072DD020100      395
072EE000100        0
073 A010100   0.0000
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100        0
074 B000100        0
074 C000100   206831
074 D000100        0
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
<PAGE>      PAGE  14
074 J000100        0
074 K000100        0
074 L000100     2163
074 M000100       11
074 N000100   209005
074 O000100     7000
074 P000100      175
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     1231
074 S000100        0
074 T000100   200599
074 U010100   189346
074 U020100    11254
074 V010100     0.00
074 V020100     0.00
074 W000100   0.9979
074 X000100      567
074 Y000100        0
075 A000100   192740
075 B000100        0
076  000100     0.00
028 A010200         0
028 A020200         0
028 A030200         0
028 A040200         0
028 B010200         0
028 B020200         0
028 B030200         0
028 B040200         0
028 C010200         0
028 C020200         0
028 C030200         0
028 C040200         0
028 D010200         0
028 D020200         0
028 D030200         0
028 D040200         0
028 E010200         0
028 E020200         0
028 E030200         0
028 E040200         0
028 F010200         0
028 F020200         0
028 F030200         0
028 F040200         0
028 G010200         0
028 G020200         0
028 G030200         0
<PAGE>      PAGE  15
028 G040200         0
028 H000200         0
072 I000200        0
072 J000200        0
072 K000200        0
072 L000200        0
072 M000200        0
072 N000200        0
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        0
072 S000200        0
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        0
072 X000200        0
072 Y000200        0
072 Z000200        0
072AA000200        0
072BB000200        0
072CC010200        0
072CC020200        0
072DD010200        0
072DD020200        0
072EE000200        0
073 A010200   0.0000
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200        0
074 B000200        0
074 C000200        0
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200        0
074 M000200        0
074 N000200        0
074 O000200        0
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
<PAGE>      PAGE  16
074 R040200        0
074 S000200        0
074 T000200        0
074 U010200        0
074 U020200        0
074 V010200     0.00
074 V020200     0.00
074 W000200   0.0000
074 X000200        0
074 Y000200        0
075 A000200        0
075 B000200        0
076  000200     0.00
028 A010300         0
028 A020300         0
028 A030300         0
028 A040300         0
028 B010300         0
028 B020300         0
028 B030300         0
028 B040300         0
028 C010300         0
028 C020300         0
028 C030300         0
028 C040300         0
028 D010300         0
028 D020300         0
028 D030300         0
028 D040300         0
028 E010300         0
028 E020300         0
028 E030300         0
028 E040300         0
028 F010300         0
028 F020300         0
028 F030300         0
028 F040300         0
028 G010300         0
028 G020300         0
028 G030300         0
028 G040300         0
028 H000300         0
SIGNATURE   ROBERT P. NAULT                              
TITLE       ASST. SECRETARY     
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000812195
<NAME> PIONEER CASH RESERVES FUND
<SERIES>
   <NUMBER> 001
   <NAME> PIONEER CASH RESERVES FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                        206830701
<INVESTMENTS-AT-VALUE>                       206830701
<RECEIVABLES>                                  2163087
<ASSETS-OTHER>                                   11350
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               209005138
<PAYABLE-FOR-SECURITIES>                       7000000
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1405829
<TOTAL-LIABILITIES>                            8405829
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     200875372
<SHARES-COMMON-STOCK>                        189621995
<SHARES-COMMON-PRIOR>                        164096391
<ACCUMULATED-NII-CURRENT>                            0
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<EXPENSES-NET>                               (1725633)
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<REALIZED-GAINS-CURRENT>                             0
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (8310286)
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                      519457178  
<NUMBER-OF-SHARES-REDEEMED>                  501471395
<SHARES-REINVESTED>                            7539821
<NET-CHANGE-IN-ASSETS>                        29204794
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (276063)
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<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           771591
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2094583
<AVERAGE-NET-ASSETS>                         182165103
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.05)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.91
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000812195
<NAME> PIONEER CASH RESERVES FUND
<SERIES>
   <NUMBER> 002
   <NAME> PIONEER CASH RESERVES FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                        206830701
<INVESTMENTS-AT-VALUE>                       206830701
<RECEIVABLES>                                  2163087
<ASSETS-OTHER>                                   11350
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               209005138
<PAYABLE-FOR-SECURITIES>                       7000000
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1405829
<TOTAL-LIABILITIES>                            8405829
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     200875372
<SHARES-COMMON-STOCK>                         10341561
<SHARES-COMMON-PRIOR>                          7574187
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             10431324
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (1725633)
<NET-INVESTMENT-INCOME>                        8705691
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          8705691
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (380029)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       49475014  
<NUMBER-OF-SHARES-REDEEMED>                   47043545
<SHARES-REINVESTED>                             335905
<NET-CHANGE-IN-ASSETS>                        29204794
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (276063)
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2094583
<AVERAGE-NET-ASSETS>                          10156497
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.04)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   1.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000812195
<NAME> PIONEER CASH RESERVES FUND
<SERIES>
   <NUMBER> 003
   <NAME> PIONEER CASH RESERVES FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                        206830701
<INVESTMENTS-AT-VALUE>                       206830701
<RECEIVABLES>                                  2163087
<ASSETS-OTHER>                                   11350
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               209005138
<PAYABLE-FOR-SECURITIES>                       7000000
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1405829
<TOTAL-LIABILITIES>                            8405829
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     200875372
<SHARES-COMMON-STOCK>                           911816
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (276063)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 200599309
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             10431324
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (1725633)
<NET-INVESTMENT-INCOME>                        8705691
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          8705691
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (15376)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        3974203  
<NUMBER-OF-SHARES-REDEEMED>                    3076494
<SHARES-REINVESTED>                              14107 
<NET-CHANGE-IN-ASSETS>                        29204794
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (276063)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           771591
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2094583
<AVERAGE-NET-ASSETS>                            449296
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   1.84
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

To the Board of Directors of
Pioneer Cash Reserves Fund:

In planning and performing our audit of the financial statements of Pioneer Cash
Reserves Fund for the year ended  December 31, 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, not
to provide assurance on the internal control structure.

The management of Pioneer Cash Reserves Fund 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.  Two of 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 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 may 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
December 31, 1996.

This report is intended solely for the information and use of management and the
Securities and Exchange Commission.




/s/ARTHUR ANDERSEN LLP




Boston, Massachusetts
February 3, 1997




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