July 14, 1999
SUPPLEMENT TO THE PROSPECTUS OF
PIONEER GOLD SHARES
DATED MARCH 1, 1999
At a meeting on July 6, 1999, the trustees of the fund approved a plan of
liquidation. The liquidation will occur as of October 29, 1999 (liquidation
date). The following information supplements the corresponding section in the
prospectus. Please consult the prospectus for the full text of the revised
section.
BUYING, EXCHANGING AND SELLING SHARES
BUYING
BUYING SHARES
Effective August 2, 1999 through the liquidation date, the fund will not
accept requests to purchase shares of the fund, exchange into the fund or
establish new accounts in the fund, except as follows:
[bullet] The fund may establish new accounts for, and accept additional
investments from, employer-sponsored retirement plan accounts
[bullet] The fund will continue to sell shares to citizens of Germany, Austria
and Switzerland as legally required to maintain its registration in
those countries.
[bullet] The fund will allow transfers in connection with re-registration of
existing accounts
[bullet] The fund will permit purchases through established government
allotment, payroll deduction, Pioneer Investomatic and other similar
automatic investment plans.
SALES CHARGES
If, on or after July 14, 1999, you choose to redeem shares that that were
purchased after January 1, 1999, the distributor will rebate all front-end sales
charges paid on those shares.
If, on or after July 14, 1999, you choose to redeem shares that are subject
to a contingent deferred sales charge, the distributor will waive any applicable
contingent deferred sales charge.
0799-6825
(C) Pioneer Funds Distributor, Inc.
