1. Name and address of issuer:
Pioneer Europe Fund
60 State Street
Boston, MA 02109-1820
2. Name of each series or class of funds for which this notice is filed:
Pioneer Europe Fund - Class A Shares
Pioneer Europe Fund - Class B Shares
3. Investment Company Act File Number: 811-6151
Securities Act File Number: 33-36265
4. Last day of fiscal year for which this notice is filed: October 31, 1995
5. Check box if this notice is being filed more than 180 days after the close
of the fiscal year but before termination of the issuer's 24f-2 declar-
ation: N/A
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6): N/A
7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to rule
24f-2 in a prior fiscal year, but which remained unsold at the beginning
of the fiscal year: 0
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2: 0
9. Number and aggregate sale price of securities sold during the fiscal year:
2,521,591 shares
$49,852,503
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
2,521,591 shares
$49,852,503
11 Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable (see
Instruction B.7): Included in item 9.
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during
the fiscal year in reliance on rule 24f-2
(from Item 10): $49,852,502.57
(ii) Aggregate price of shares issued in connection
with dividend reinvestment plans (from Item 11,
if applicable): +0
(iii)Aggregate price of shares redeemed or repurchas-
ed during the fiscal year (if applicable): - $38,083,556
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing
fees pursuant to rule 24e-2 (if applicable): +0
(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on rule 24f-2
[line (i), plus line (ii), less line (iii) plus
line (iv)] (if applicable): $11,768,946.57
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): x.0002
(vii)Fee due [line (i) or line (v) multiplied by
line (vi)]: $2,353.79
Instruction: Issuers should complete line (ii), (iii), and (v) only if the
form is being filed within 60 days after the close of the issuer's
fiscal year: See Instruction C.3.
13. Check box if fees are being remitted to the Commission's lockbox depository
as described in section 3a of the Commission' Rules of Informal and Other
Procedures (17 CFR 202.3a). [X]
Date of mailing or wire transfer of filing fees to the Commission's lock-
box depository: November 16, 1995.
SIGNATURES
This report has been signed below the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By (Signature and Title)
/s/Robert P. Nault
Assistant Secretary
Date: November 16, 1995
November 16, 1995
Board of Trustees of Pioneer Europe Fund
60 State Street
Boston, MA 02109
Re: Rule 24f-2 Notice
Ladies and Gentlemen:
Pioneer Europe Fund (the "Fund") is a Massachusetts business trust organized
under a written Declaration of Trust dated June 22, 1990, and executed and
delivered on such date in Boston, Massachusetts, and as amended and restated on
October 13, 1992 (as so amended and restated, the "Declaration of Trust"). The
beneficial interests thereunder are represented by transferable shares of
beneficial interest without par value.
The Trustees of the Fund have the powers set forth in the Declaration of Trust,
subject to the terms, provisions and conditions therein provided. Pursuant to
Article V, Section 5.1 of the Declaration of Trust, the number of shares of
beneficial interest authorized to be issued under the Declaration of Trust is
unlimited and the Trustees are authorized to divide the shares into one or more
series of shares and one or more classes thereof as they deem necessary or
desirable. Pursuant to Article V, Section 5.4 of the Declaration of Trust, the
Trustees may issue shares of any series for such amount and type of
consideration, including cash or property, and on such terms as they may deem
best without action or approval of the shareholders.
By vote adopted on June 22, 1990, the Trustees of the Trust authorized the
President, any Vice-President, the Secretary and the Treasurer from time to time
to determine the appropriate number of shares to be registered, to register with
the Securities and Exchange Commission, and to issue and sell to the public,
such shares.
We understand that, pursuant to Rule 24f-2 under the Investment Company Act of
1940, as amended (the "1940 Act"), the Fund has registered an indefinite number
of shares of beneficial interest under the Securities Act of 1933, as amended
(the "1933 Act").
We understand that you are about to file with the Securities and Exchange
Commission a notice pursuant to Rule 24f-2 (the "Rule 24f-2 Notice") making
definite the registration of 2,521,591 shares of beneficial interest of the Fund
(the "Shares") sold in reliance upon said Rule 24f-2 during the fiscal year
ended October 31, 1995.
We have examined the Declaration of Trust, the By-laws, resolutions of the Board
of Trustees, a certificate of the Treasurer of the Fund to the effect that the
Fund or its agent received the consideration for the Shares in accordance with
the terms of the Declaration of Trust, and such other documents as we have
deemed necessary or appropriate for the purposes of this opinion, including, but
not limited to, originals, or copies certified or otherwise identified to our
satisfaction, of such documents, Fund records and other instruments. In our
examination of the above documents, we have assumed the genuineness of all
signatures, the authenticity of all documents submitted to us as originals, the
conformity to original documents of all documents submitted to us as certified
or photostatic copies, the authenticity of the originals of such latter
documents and the legal competence of each individual executing any documents.
Further, we express no opinion as to compliance with any state or federal
securities laws, including the securities laws of The Commonwealth of
Massachusetts. For purposes of this opinion letter, we have not made an
independent review of the laws of any state or jurisdiction other than The
Commonwealth of Massachusetts and express no opinion with respect to the laws of
any jurisdiction other than the laws of The Commonwealth of Massachusetts.
Our opinion below, as it relates to the nonassessability of the shares of the
Fund, is qualified to the extent that under Massachusetts law, shareholders of a
Massachusetts business trust, such as the Fund, may be held personally liable
for the obligations of such Fund. In this regard, however, please be advised
that the Declaration of Trust disclaims shareholder liability for acts or
obligations of the Fund and provides that notice of such disclaimer may be given
in each note, bond, contract, certificate or undertaking made or issued by or on
behalf of the Fund. Also, the Declaration of Trust provides for indemnification
out of Fund property for all loss and expense of any shareholder held personally
liable solely by reason of his being or having been a shareholder of the Fund;
provided, however, that no Fund property may be used to indemnify any
shareholder of any series of the Fund other than Fund property allocated or
belonging to that series.
We are of the opinion that all necessary Fund action precedent to the issuance
of the Shares has been duly taken, and that the Shares were legally and validly
issued, and are fully paid and non-assessable by the Fund, subject to compliance
with the 1933 Act, the 1940 Act and the applicable state laws regulating the
sale of securities.
We consent to your filing this opinion with the Securities and Exchange
Commission together with the Rule 24f-2 Notice referred to above. Except as
provided in this paragraph, this opinion may not be relied upon by, or filed
with, any other parties or used for any other purpose.
Very truly yours,
/s/Hale and Dorr
HALE AND DORR
