PIONEER EMERGING MARKETS FUND
NSAR-A, 1997-07-29
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<PAGE>      PAGE  6
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<PAGE>      PAGE  8
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SIGNATURE   ROBERT P. NAULT                              
TITLE       ASST. SECRETARY     
 


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   <NAME> PIONEER EMERGING MARKETS FUND CLASS B
       
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<NAME> PIONEER EMERGING MARKETS FUND
<SERIES>
   <NUMBER> 003
   <NAME> PIONEER EMERGING MARKETS FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                        149954065
<INVESTMENTS-AT-VALUE>                       161905187
<RECEIVABLES>                                  3460243
<ASSETS-OTHER>                                     248
<OTHER-ITEMS-ASSETS>                             45367
<TOTAL-ASSETS>                               165411045
<PAYABLE-FOR-SECURITIES>                       4244309
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       578195
<TOTAL-LIABILITIES>                            4822504
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     144471019
<SHARES-COMMON-STOCK>                          4435129
<SHARES-COMMON-PRIOR>                          2904984
<ACCUMULATED-NII-CURRENT>                       120263
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        4125525
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      11871734
<NET-ASSETS>                                 160588541
<DIVIDEND-INCOME>                              1673677
<INTEREST-INCOME>                               124399
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (1677813)
<NET-INVESTMENT-INCOME>                         120263
<REALIZED-GAINS-CURRENT>                       3130153
<APPREC-INCREASE-CURRENT>                     17197086
<NET-CHANGE-FROM-OPS>                         20447502
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                      (323755)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         380447
<NUMBER-OF-SHARES-REDEEMED>                      37516
<SHARES-REINVESTED>                               9216
<NET-CHANGE-IN-ASSETS>                        58664502
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      6826288
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           818442
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1725603
<AVERAGE-NET-ASSETS>                           8493075
<PER-SHARE-NAV-BEGIN>                            13.73
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                           2.18
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.77)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.13
<EXPENSE-RATIO>                                   2.93
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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