Pioneer Winthrop Real Estate Investment Fund is now Pioneer logo
Pioneer Real Estate Shares
A recent vote by the Board of Trustees of Pioneer Winthrop Real Estate
Investment Fund resulted in the decision to change the Fund's name to
Pioneer Real Estate Shares, effective September 1, 1995.
If you have any questions, consult your investment representative, or
call Pioneer at 1-800-225-6292.
Supplement to the Prospectus dated April 28, 1995
0895-2780
............................(c)Pioneer Funds Distributor, Inc.
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SUPPLEMENT TO THE
PIONEER WINTHROP REAL ESTATE INVESTMENT FUND PROSPECTUS
dated April 28, 1995
Effective September 1, 1995, Pioneer Winthrop Real Estate Investment Fund will
be renamed Pioneer Real Estate Shares.
(c)Pioneer Funds Distributor, Inc.