PIONEER INTERNATIONAL GROWTH FUND
NSAR-B, 1999-01-27
Previous: ANALOGY INC, 8-K, 1999-01-27
Next: AMSURG CORP, 8-K/A, 1999-01-27



<PAGE>      PAGE  1
000 B000000 11/30/98
000 C000000 0000893660
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 PIONEER INTERNATIONAL GROWTH FUND
001 B000000 811-7318
001 C000000 6177427825
002 A000000 60 STATE STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
002 D020000 1820
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
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 A000001 PIONNER INVESTMENT MANAGEMENT, INC.
008 B000001 A
008 C000001 801-8255
008 D010001 BOSTON
008 D020001 MA
008 D030001 02109
008 D040001 1820
010 A000001 PIONEER INVESTMENT MANAGEMENT, INC.
010 B000001 801-8255
010 C010001 BOSTON
010 C020001 MA
010 C030001 02109
010 C040001 1820
011 A000001 PIONEER FUNDS DISTRIBUTOR, INC.
011 B000001 8-41256
011 C010001 BOSTON
011 C020001 MA
011 C030001 02109
<PAGE>      PAGE  2
011 C040001 1820
012 A000001 PIONEERING SERVICES CORPORATION
012 B000001 84-1359
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
012 C040001 1820
013 A000001 ARTHUR ANDERSEN LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02110
013 B040001 2812
015 A000001 BROWN BROTHERS HARRIMAN
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 C040001 1975
015 E010001 X
015 A000002 BANQUE PARIBAS
015 B000002 S
015 C010002 PARIS
015 D010002 FRANCE
015 E040002 X
015 A000003 CITIBANK
015 B000003 S
015 C010003 BUENOS AIRES
015 D010003 ARGENTINA
015 E040003 X
015 A000004 CREDITANSTALT BANKVEREIN
015 B000004 S
015 C010004 VIENNA
015 D010004 AUSTRIA
015 E040004 X
015 A000005 NATIONAL AUSTRALIA BANK
015 B000005 S
015 C010005 MELBOURNE
015 D010005 AUSTRALIA
015 E040005 X
015 A000006 BANK BRUSSELIS LAMBERT
015 B000006 S
015 C010006 BRUSSELS
015 D010006 BELGIUM
015 E040006 X
015 A000007 FIRST NATIONAL BANK OF BOSTON
015 B000007 S
015 C010007 SAN PAOLO
015 D010007 BRAZIL
015 E040007 X
015 A000008 CANADA IMPERIAL BANK OF COMMERCE
015 B000008 S
<PAGE>      PAGE  3
015 C010008 TORONTO
015 D010008 CANADA
015 E040008 X
015 A000009 SWISS BANK CORP
015 B000009 S
015 C010009 ZURICH
015 D010009 SWITZERLAND
015 E040009 X
015 A000010 DRESDNER BANK
015 B000010 S
015 C010010 FRANKFURT
015 D010010 GERMANY
015 E040010 X
015 A000011 DEN DANSKE BANK
015 B000011 S
015 C010011 COPENHAGEN
015 D010011 DENMARK
015 E040011 X
015 A000012 BANCO SANTANDER
015 B000012 S
015 C010012 MADRID
015 D010012 SPAIN
015 E040012 X
015 A000013 MERITA BANKA
015 B000013 S
015 C010013 HELSINKI
015 D010013 FINLAND
015 E040013 X
015 A000014 ROYAL BANK OF SCOTLAND
015 B000014 S
015 C010014 LONDON
015 D010014 ENGLAND
015 E040014 X
015 A000015 CITIBANK
015 B000015 S
015 C010015 ATHENS
015 D010015 GREECE
015 E040015 X
015 A000016 STANDARD CHARTERED BANK
015 B000016 S
015 C010016 HONG KONG
015 D010016 HONG KONG
015 E040016 X
015 A000017 STANDARD CHARTERED BANK
015 B000017 S
015 C010017 SHENZEN
015 D010017 HONG KONG
015 E040017 X
015 A000018 CITIBANK
015 B000018 S
015 C010018 JAKARTA
<PAGE>      PAGE  4
015 D010018 INDONESIA
015 E040018 X
015 A000019 BANK HAPAOLIM
015 B000019 S
015 C010019 TEL AVIV
015 D010019 ISRAEL
015 E040019 X
015 A000020 BANCA COMMERCIALE ITALIANA
015 B000020 S
015 C010020 MILAN
015 D010020 ITALY
015 E040020 X
015 A000021 SUMITOMO TRUST & BANKING
015 B000021 S
015 C010021 TOKYO
015 D010021 JAPAN
015 E040021 X
015 A000022 CITIBANK
015 B000022 S
015 C010022 SEOUL
015 D010022 SOUTH KOREA
015 E040022 X
015 A000023 CITIBANK
015 B000023 S
015 C010023 MEXICO CITY
015 D010023 MEXICO
015 E040023 X
015 A000024 THE HONG KONG & SHANGHAI BANKING CORP., LTD.
015 B000024 S
015 C010024 KUALA LUMPUR
015 D010024 MALAYSIA
015 E040024 X
015 A000025 AMRO BANK
015 B000025 S
015 C010025 AMSTERDAM
015 D010025 NETHERLANDS
015 E040025 X
015 A000026 DEN NORSKE BANK
015 B000026 S
015 C010026 OSLO
015 D010026 NORWAY
015 E040026 X
015 A000027 NATIONAL AUSTRALIA BANK LIMITED
015 B000027 S
015 C010027 AUKLAND
015 D010027 NEW ZEALAND
015 E040027 X
015 A000028 STANDARD CHARTERED BANK
015 B000028 S
015 C010028 KARACHI
015 D010028 PAKISTAN
<PAGE>      PAGE  5
015 E040028 X
015 A000029 CITIBANK
015 B000029 S
015 C010029 MANILA
015 D010029 PHILLIPINES
015 E040029 X
015 A000030 CITIBANK
015 B000030 S
015 C010030 WARSAW
015 D010030 POLAND
015 E040030 X
015 A000031 BANCO ESPIRITO
015 B000031 S
015 C010031 LISBON
015 D010031 PORTUGAL
015 E040031 X
015 A000032 SKANDINAVISKA ENSKILDA BANKEN
015 B000032 S
015 C010032 STOCKHOLM
015 D010032 SWEDEN
015 E040032 X
015 A000033 STANDARD CHARTERED BANK
015 B000033 S
015 C010033 SINGAPORE
015 D010033 SINGAPORE
015 E040033 X
015 A000034 HONG KONG & SHANGHAI BANKING CORP
015 B000034 S
015 C010034 BANGKOK
015 D010034 THAILAND
015 E040034 X
015 A000035 CITIBANK
015 B000035 S
015 C010035 ISTANBUL
015 D010035 TURKEY
015 E040035 X
015 A000036 CENTRAL TRUST OF CHINA
015 B000036 S
015 C010036 TAIPEI
015 D010036 TAIWAN
015 E040036 X
015 A000037 STANDARD CHARTERED BANK
015 B000037 S
015 C010037 SHANGHAI
015 D010037 CHINA
015 E040037 X
015 A000038 FIRST NATIONAL BANK OF SOUTH AFRICA
015 B000038 S
015 C010038 JOHANNESBURG
015 D010038 SOUTH AFRICA
015 E040038 X
<PAGE>      PAGE  6
015 A000039 CITIBANK
015 B000039 S
015 C010039 MUMBAI
015 D010039 INDIA
015 E040039 X
018  000000 Y
019 A000000 Y
019 B000000   36
019 C000000 PIONEERFDS
020 A000001 CAPEL JAMES INC
020 B000001 13-2650272
020 C000001    438
020 A000002 S.G. WARBURG INTERNATIONAL
020 B000002 13-3340045
020 C000002    324
020 A000003 DEUTSCHE BANK
020 C000003    218
020 A000004 SOCIETE GENERALE
020 C000004    199
020 A000005 ROBERT FLEMING INC.
020 B000005 13-3298866
020 C000005    183
020 A000006 W.I. CARR LTD.
020 C000006    161
020 A000007 CREDIT LYONNAIS SECURITIES
020 C000007    148
020 A000008 MORGAN STANLEY INTERNATIONAL
020 C000008    145
020 A000009 MERRILL LYNCH INTERNATIONAL
020 C000009    144
020 A000010 FIRST BOSTONG INTERNATIONAL
020 C000010    135
021  000000     3453
022 A000001 HOUSEHOLD FINANCE
022 B000001 36-1239445
022 C000001   1156028
022 D000001         0
022 A000002 EXXON ASSET MANAGEMENT
022 C000002    606353
022 D000002         0
022 A000003 BROWN BROWTHERS HARRIMAN
022 B000003 13-4973745
022 C000003    508046
022 D000003     43005
022 A000004 AMERICAN EXPRESS
022 B000004 11-1988350
022 C000004    426387
022 D000004         0
022 A000005 FORD MOTOR CREDIT
022 C000005    404729
022 D000005         0
<PAGE>      PAGE  7
022 A000006 GOLDMAN SACHS INTERNATIONAL
022 C000006     63260
022 D000006    100408
022 A000007 COMMERCIAL CREDIT
022 B000007 52-0883351
022 C000007    111928
022 D000007         0
022 A000008 CAPEL, JAMES INC
022 B000008 13-2650272
022 C000008     58523
022 D000008     37721
022 A000009 EXXON CREDIT CORP.
022 C000009     96048
022 D000009         0
022 A000010 S.G. WARBURG INTERNATIONAL
022 C000010     43114
022 D000010     45631
023 C000000    4129227
023 D000000     617259
024  000000 N
025 D000001       0
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
028 A010000     28473
028 A020000      1480
028 A030000         0
028 A040000     33276
028 B010000     32996
028 B020000         2
028 B030000         0
028 B040000     46948
028 C010000     18566
028 C020000         0
028 C030000         0
028 C040000     28563
028 D010000     29367
<PAGE>      PAGE  8
028 D020000         0
028 D030000         0
028 D040000     35059
028 E010000     33452
028 E020000         0
028 E030000         0
028 E040000     34589
028 F010000     37254
028 F020000         0
028 F030000         0
028 F040000     38020
028 G010000    180108
028 G020000      1482
028 G030000         0
028 G040000    216455
028 H000000     18701
029  000000 Y
030 A000000   1845
030 B000000  5.75
030 C000000  0.00
031 A000000    238
031 B000000      0
032  000000   1607
033  000000      0
034  000000 Y
035  000000    229
036 A000000 N
036 B000000      0
037  000000 N
038  000000      0
039  000000 N
040  000000 Y
041  000000 Y
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000 100
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000   1744
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.000
048 A010000   300000
048 A020000 1.000
048 B010000   200000
048 B020000 0.850
<PAGE>      PAGE  9
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000   500000
048 K020000 0.750
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000     1000
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
<PAGE>      PAGE  10
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000  0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 Y
066 E000000 N
066 F000000 N
066 G000000 N
067  000000 N
068 A000000 N
068 B000000 Y
069  000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 Y
<PAGE>      PAGE  11
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000    527457
071 B000000    580105
071 C000000    427918
071 D000000  123
072 A000000 12
072 B000000      984
072 C000000     9465
072 D000000        0
072 E000000        0
072 F000000     4259
072 G000000        0
072 H000000        0
072 I000000     1263
072 J000000      680
072 K000000        0
072 L000000       94
072 M000000       17
072 N000000       32
072 O000000        0
072 P000000        6
072 Q000000      127
072 R000000      113
072 S000000       27
072 T000000     1744
072 U000000        0
072 V000000        0
072 W000000       33
072 X000000     8395
072 Y000000        0
072 Z000000     2054
072AA000000        0
072BB000000    47884
072CC010000     6807
072CC020000        0
072DD010000    19268
072DD020000     3863
072EE000000    71297
073 A010000   0.0000
073 A020000   0.0000
<PAGE>      PAGE  12
073 B000000   3.4539
073 C000000   0.0000
074 A000000        4
074 B000000        0
074 C000000    13897
074 D000000       61
074 E000000     5862
074 F000000   360356
074 G000000        0
074 H000000        0
074 I000000     2265
074 J000000     1012
074 K000000        0
074 L000000     3547
074 M000000        8
074 N000000   387012
074 O000000     3065
074 P000000      641
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000     4375
074 S000000        0
074 T000000   378931
074 U010000    18342
074 U020000     3885
074 V010000     0.00
074 V020000     0.00
074 W000000   0.0000
074 X000000    41860
074 Y000000        0
075 A000000        0
075 B000000   448860
076  000000     0.00
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 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
<PAGE>      PAGE  13
077 Q010000 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 B000000 NONE
080 C000000    25000
081 A000000 Y
081 B000000  36
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 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
SIGNATURE   ROBERT P. NAULT                              
TITLE       ASST. SECRETARY     
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000893660
<NAME> PIONEER INTERNATIONAL GROWTH FUND
<SERIES>
   <NUMBER> 001
   <NAME> PIONEER INTERNATIONAL GROWTH FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                        411143488
<INVESTMENTS-AT-VALUE>                       380175644
<RECEIVABLES>                                  4559536
<ASSETS-OTHER>                                    8052
<OTHER-ITEMS-ASSETS>                           2268703
<TOTAL-ASSETS>                               387011935
<PAYABLE-FOR-SECURITIES>                       3065071
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      5016174
<TOTAL-LIABILITIES>                            8081245
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     467262338
<SHARES-COMMON-STOCK>                         18342162
<SHARES-COMMON-PRIOR>                         16722074
<ACCUMULATED-NII-CURRENT>                      1728003
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    (57958814)
<ACCUM-APPREC-OR-DEPREC>                    (32100837)
<NET-ASSETS>                                 378930690
<DIVIDEND-INCOME>                              9465472
<INTEREST-INCOME>                               983784
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 8395118
<NET-INVESTMENT-INCOME>                        2054138
<REALIZED-GAINS-CURRENT>                    (47883839)
<APPREC-INCREASE-CURRENT>                      6807286
<NET-CHANGE-FROM-OPS>                       (39022415)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     19268038
<DISTRIBUTIONS-OF-GAINS>                      57897428
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       12785423
<NUMBER-OF-SHARES-REDEEMED>                   14870731
<SHARES-REINVESTED>                            3705396
<NET-CHANGE-IN-ASSETS>                     (107382631)
<ACCUMULATED-NII-PRIOR>                       17373634
<ACCUMULATED-GAINS-PRIOR>                     66653153
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          4258952
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                8431543
<AVERAGE-NET-ASSETS>                         367138995
<PER-SHARE-NAV-BEGIN>                            23.66
<PER-SHARE-NII>                                    .14
<PER-SHARE-GAIN-APPREC>                         (2.06)
<PER-SHARE-DIVIDEND>                              1.15
<PER-SHARE-DISTRIBUTIONS>                         3.45
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.14
<EXPENSE-RATIO>                                   1.73
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000893660
<NAME> PIONEER INTERNATIONAL GROWTH FUND
<SERIES>
   <NUMBER> 002
   <NAME> PIONEER INTERNATIONAL GROWTH FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                        411143488
<INVESTMENTS-AT-VALUE>                       380175644
<RECEIVABLES>                                  4559536
<ASSETS-OTHER>                                    8052
<OTHER-ITEMS-ASSETS>                           2268703
<TOTAL-ASSETS>                               387011935
<PAYABLE-FOR-SECURITIES>                       3065071
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      5016174
<TOTAL-LIABILITIES>                            8081245
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     467262338
<SHARES-COMMON-STOCK>                          3519688
<SHARES-COMMON-PRIOR>                          3527681
<ACCUMULATED-NII-CURRENT>                      1728003
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    (57958814)
<ACCUM-APPREC-OR-DEPREC>                    (32100837)
<NET-ASSETS>                                 378930690
<DIVIDEND-INCOME>                              9465472
<INTEREST-INCOME>                               983784
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 8395118
<NET-INVESTMENT-INCOME>                        2054138
<REALIZED-GAINS-CURRENT>                    (47883839)
<APPREC-INCREASE-CURRENT>                      6807286
<NET-CHANGE-FROM-OPS>                       (39022415)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      3505142
<DISTRIBUTIONS-OF-GAINS>                      12190151
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1155440
<NUMBER-OF-SHARES-REDEEMED>                    1858942
<SHARES-REINVESTED>                             695509
<NET-CHANGE-IN-ASSETS>                     (107382631)
<ACCUMULATED-NII-PRIOR>                       17373634
<ACCUMULATED-GAINS-PRIOR>                     66653153
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          4258952
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                8431543
<AVERAGE-NET-ASSETS>                          73372897
<PER-SHARE-NAV-BEGIN>                            23.09
<PER-SHARE-NII>                                  (.04)
<PER-SHARE-GAIN-APPREC>                         (1.97)
<PER-SHARE-DIVIDEND>                              1.00
<PER-SHARE-DISTRIBUTIONS>                         3.45
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.63
<EXPENSE-RATIO>                                   2.57
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000893660
<NAME> PIONEER INTERNATIONAL GROWTH FUND
<SERIES>
   <NUMBER> 003
   <NAME> PIONEER INTERNATIONAL GROWTH FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                        411143488
<INVESTMENTS-AT-VALUE>                       380175644
<RECEIVABLES>                                  4559536
<ASSETS-OTHER>                                    8052
<OTHER-ITEMS-ASSETS>                           2268703
<TOTAL-ASSETS>                               387011935
<PAYABLE-FOR-SECURITIES>                       3065071
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      5016174
<TOTAL-LIABILITIES>                            8081245
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     467262338
<SHARES-COMMON-STOCK>                           364870
<SHARES-COMMON-PRIOR>                           406211
<ACCUMULATED-NII-CURRENT>                      1728003
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    (57958814)
<ACCUM-APPREC-OR-DEPREC>                    (32100837)
<NET-ASSETS>                                 378930690
<DIVIDEND-INCOME>                              9465472
<INTEREST-INCOME>                               983784
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 8395118
<NET-INVESTMENT-INCOME>                        2054138
<REALIZED-GAINS-CURRENT>                    (47883839)
<APPREC-INCREASE-CURRENT>                      6807286
<NET-CHANGE-FROM-OPS>                       (39022415)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       357766
<DISTRIBUTIONS-OF-GAINS>                       1209372
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        5432534
<NUMBER-OF-SHARES-REDEEMED>                    5525362
<SHARES-REINVESTED>                              51487
<NET-CHANGE-IN-ASSETS>                     (107382631)
<ACCUMULATED-NII-PRIOR>                       17373634
<ACCUMULATED-GAINS-PRIOR>                     66653153
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          4258952
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                8431543
<AVERAGE-NET-ASSETS>                           8348147
<PER-SHARE-NAV-BEGIN>                            22.90
<PER-SHARE-NII>                                  (.02)
<PER-SHARE-GAIN-APPREC>                         (1.87)
<PER-SHARE-DIVIDEND>                              1.03
<PER-SHARE-DISTRIBUTIONS>                         3.45
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.53
<EXPENSE-RATIO>                                   2.38
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

To the Board of Directors of
Pioneer International Growth Fund:

In planning and  performing  our audit of the  financial  statements  of Pioneer
International  Growth Fund for the year ended  November 30, 1998,  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, and not to provide assurance on the internal control
structure.

The  management  of  Pioneer   International  Growth  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  that
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 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
November 30, 1998.

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



                                                      /s/ Arthur Andersen LLP



Boston, Massachusetts
January 8, 1999




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission