December 5, 1997
SUPPLEMENT TO THE PROSPECTUS OF:
PIONEER GOLD SHARES
dated February 28, 1997
IV. MANAGEMENT OF THE FUND
Mr. David Tripple, President and Chief Investment Officer of PMC and Executive
Vice President of each Pioneer mutual fund, has general responsibility for PMC's
investment operations and chairs a committee of PMC's equity managers which
reviews PMC's research and portfolio operations, including those of the Fund.
Mr. Tripple joined PMC in 1974.
The Fund is covered by a team of managers and analysts which does research for
and oversees the management of the Fund. Members of the team meet regularly to
discuss holdings, prospective investments and portfolio composition.
Mr. Tripple, the Fund's portfolio manager, had primary responsibility for the
day-to-day management of the Fund since its inception. On December 1, 1997, Mr.
Michael P. Bradshaw, the Fund's assistant portfolio manager and a Vice President
of PMC, assumed this responsibility. Mr. Bradshaw joined PMC in July of 1997 and
has four years of investment experience. During these four years he worked as a
financial analyst and as a research associate within the equity research
department of a major Canadian securities firm. Prior to this time, he was an
associate and a partner with an investor relations group for two years and an
exploration geologist for six years.
1297-4676
(C) Pioneer Funds Distributor, Inc.
