February 1, 1999
PIONEER INTERNATIONAL GROWTH FUND
Supplement to Prospectus
Dated March 30, 1998
The following information supplements the corresponding section in the
Prospectus. Please consult the Prospectus for the full text of the revised
section.
INVESTMENT OBJECTIVE, POLICIES AND RISKS
The Investment Company Act of 1940 (the "1940 Act") requires that the
Fund segregate assets in connection with certain types of transactions. If the
Fund enters into a transaction requiring segregation the custodian or Pioneer
Investment Management, Inc. ("Pioneer Investments") will segregate liquid assets
in an amount required to comply with the 1940 Act. Such segregated assets will
be valued at market daily. If the aggregate value of such segregated assets
declines below the aggregate value required by the 1940 Act, additional liquid
assets will be segregated.
IV. MANAGEMENT OF THE FUND
Day-to-day management of the Fund is the responsibility of Pavlos M.
Alexandrakis a senior vice president of Pioneer Investments. Mr. Alexandrakis
joined Pioneer Investments in 1998 and has been an investment professional since
1984. Prior to joining Pioneer Investments, Mr. Alexandrakis was a portfolio
manager for Salomon Smith Barney from 1995 to 1998 and a portfolio manager for
Lazard Freres Asset Management from 1990 to 1994.
Mr. Alexandrakis is assisted by a team of analysts which focuses on
non-U.S. companies. This team provides research for the fund and other Pioneer
mutual funds with similar investment objectives and styles. Members of the team
meet regularly to discuss holdings, prospective investments and portfolio
composition.
0299-6153
(C) Pioneer Funds Distributor, Inc.
