PIONEER EMERGING MARKETS FUND
NSAR-A, 1999-07-28
Previous: MERRILL LYNCH MIDDLE EAST AFRICA FUND, NSAR-A, 1999-07-28
Next: MITY LITE INC, S-8, 1999-07-28



<PAGE>      PAGE  1
000 A000000 05/31/99
000 C000000 0000921023
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 EMERGING MARKETS FUND
001 B000000 811-8448
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 PIONEER 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 CITIBANK
015 B000002 S
015 C010002 BUENOS AIRES
015 D010002 ARGENTINA
015 E040002 X
015 A000003 NATIONAL AUSTRALIA BANK
015 B000003 S
015 C010003 MELBOURNE
015 D010003 AUSTRALIA
015 E040003 X
015 A000004 BANK OF BOSTON
015 B000004 S
015 C010004 SAO PAULO
015 D010004 BRAZIL
015 E040004 X
015 A000005 UNION BANK OF SWITZERLAND
015 B000005 S
015 C010005 ZURICH
015 D010005 SWITZERLAND
015 E040005 X
015 A000006 CITIBANK
015 B000006 S
015 C010006 BOGOTA
015 D010006 COLUMBIA
015 E040006 X
015 A000007 DRESDNER BANK
015 B000007 S
015 C010007 FRANKFURT
015 D010007 GERMANY
015 E040007 X
015 A000008 BANCO SANTANDER
015 B000008 S
<PAGE>      PAGE  3
015 C010008 MADRID
015 D010008 SPAIN
015 E040008 X
015 A000009 MERITA BANK
015 B000009 S
015 C010009 HELSINKI
015 D010009 FINLAND
015 E040009 X
015 A000010 CITIBANK
015 B000010 S
015 C010010 ATHENS
015 D010010 GREECE
015 E040010 X
015 A000011 STANDARD CHARTERED BANK
015 B000011 S
015 C010011 HONG KONG
015 D010011 HONG KONG
015 E040011 X
015 A000012 STANDARD CHARTERED BANK
015 B000012 S
015 C010012 SHENZHEN
015 D010012 CHINA
015 E040012 X
015 A000013 CITIBANK
015 B000013 S
015 C010013 BUDAPEST
015 D010013 HUNGARY
015 E040013 X
015 A000014 CITIBANK
015 B000014 S
015 C010014 JAKARTA
015 D010014 INDONESIA
015 E040014 X
015 A000015 BANK HAPOALIM
015 B000015 S
015 C010015 TEL AVIV
015 D010015 ISRAEL
015 E040015 X
015 A000016 CITIBANK
015 B000016 S
015 C010016 MUMBAI
015 D010016 INDIA
015 E040016 X
015 A000017 SUMITOMO TRUST & BANKING
015 B000017 S
015 C010017 TOKYO
015 D010017 JAPAN
015 E040017 X
015 A000018 CITIBANK
015 B000018 S
015 C010018 SEOUL
<PAGE>      PAGE  4
015 D010018 SOUTH KOREA
015 E040018 X
015 A000019 THE HONG KONG & SHANGHAI BANKING CORP., LTD.
015 B000019 S
015 C010019 SRI LANKA
015 D010019 SRI LANKA
015 E040019 X
015 A000020 CITIBANK
015 B000020 S
015 C010020 MEXICO CITY
015 D010020 MEXICO
015 E040020 X
015 A000021 HONGKONG BANK MALAYSIA
015 B000021 S
015 C010021 KUALA LUMPUR
015 D010021 MALAYSIA
015 E040021 X
015 A000022 NATIONAL AUSTRALIA BANK
015 B000022 S
015 C010022 AUKLAND
015 D010022 NEW ZEALAND
015 E040022 X
015 A000023 CITIBANK
015 B000023 S
015 C010023 LIMA
015 D010023 PERU
015 E040023 X
015 A000024 CITIBANK
015 B000024 S
015 C010024 MANILA
015 D010024 PHILLIPINES
015 E040024 X
015 A000025 STANDARD CHARTERED BANK
015 B000025 S
015 C010025 KARACHI
015 D010025 PAKISTAN
015 E040025 X
015 A000026 CITIBANK
015 B000026 S
015 C010026 WARSAW
015 D010026 POLAND
015 E040026 X
015 A000027 BANCO COMERCIAL PORTUGUESE
015 B000027 S
015 C010027 LISBON
015 D010027 PORTUGAL
015 E040027 X
015 A000028 SKANDINAVISKA ENSKILDA BANKEN
015 B000028 S
015 C010028 STOCKHOLM
015 D010028 SWEDEN
<PAGE>      PAGE  5
015 E040028 X
015 A000029 STANDARD CHARTERED BANK
015 B000029 S
015 C010029 SINGAPORE
015 D010029 SINGAPORE
015 E040029 X
015 A000030 THE HONG KONG & SHANGHAI BANKING CORP., LTD.
015 B000030 S
015 C010030 BANGKOK
015 D010030 THAILAND
015 E040030 X
015 A000031 CITIBANK
015 B000031 S
015 C010031 INSTANBUL
015 D010031 TURKEY
015 E040031 X
015 A000032 CENTRAL TRUST OF CHINA
015 B000032 S
015 C010032 TAIPEI
015 D010032 TAIWAN
015 E040032 X
015 A000033 STANDARD CHARTERED BANK
015 B000033 S
015 C010033 SHANGHAI
015 D010033 CHINA
015 E040033 X
015 A000034 CITIBANK
015 B000034 S
015 C010034 CARACAS
015 D010034 VENEZUELA
015 E040034 X
015 A000035 FIRST NATIONAL BANK OF SOUTH AFRICA
015 B000035 S
015 C010035 JOHANNESBURG
015 D010035 SOUTH AFRICA
015 E040035 X
015 A000036 ROYAL BANK OF SCOTLAND
015 B000036 S
015 C010036 LONDON
015 D010036 UNITED KINGDOM
015 E040036 X
018  000000 Y
019 A000000 Y
019 B000000   36
019 C000000 PIONEERFDS
020 A000001 CREDIT LYONNAIS SEC.
020 C000001    111
020 A000002 MORGAN (J.P.) INTERNATIONAL
020 C000002     79
020 A000003 FIRST BOSTON INTERNATIONAL
020 C000003     78
<PAGE>      PAGE  6
020 A000004 ROBER FLEMING INC.
020 B000004 13-3298866
020 C000004     74
020 A000005 W.I. CARR LTD.
020 C000005     64
020 A000006 CAPEL, JAMES INC.
020 C000006     56
020 A000007 S.G. WARBURG INTERNATIONAL
020 C000007     51
020 A000008 MERRILL LYNCH INTERNATIONAL
020 C000008     45
020 A000009 DEUTSCHE BANK
020 C000009     44
020 A000010 SOCIETE GENERALE
020 B000010 13-1976032
020 C000010     34
021  000000      929
022 A000001 BROWN BROTHERS
022 B000001 13-4973745
022 C000001    141559
022 D000001     15464
022 A000002 HOUSEHOLD FINANCE
022 B000002 36-1239445
022 C000002     84746
022 D000002         0
022 A000003 FORD MOTOR CREDIT CORP.
022 B000003 38-1612444
022 C000003     50348
022 D000003         0
022 A000004 EXXON ASSET MGMT.
022 B000004 25-1215010
022 C000004     35167
022 D000004         0
022 A000005 EXXON CREDIT CORP.
022 B000005 13-3072652
022 C000005     24944
022 D000005         0
022 A000006 CITIGROUP, INC.
022 C000006     24615
022 D000006         0
022 A000007 TROSTER SINGER
022 C000007      8593
022 D000007      1654
022 A000008 GOLDMAN, SACHS & CO.
022 B000008 13-5108884
022 C000008      8789
022 D000008         0
022 A000009 FIRST BOSTON INTERNATIONAL
022 C000009      3584
022 D000009      4174
022 A000010 CAPEL, JAMES INC.
<PAGE>      PAGE  7
022 C000010      3833
022 D000010      3874
023 C000000     427736
023 D000000      65199
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      9314
028 A020000         0
028 A030000         0
028 A040000     15829
028 B010000     11217
028 B020000         0
028 B030000         0
028 B040000     15713
028 C010000      9808
028 C020000         0
028 C030000         0
028 C040000     18656
028 D010000     22674
028 D020000         0
028 D030000         0
028 D040000     17897
028 E010000     19010
028 E020000         0
028 E030000         0
028 E040000     35749
028 F010000     27601
028 F020000         0
028 F030000         0
028 F040000     22739
028 G010000     99624
028 G020000         0
028 G030000         0
028 G040000    126583
<PAGE>      PAGE  8
028 H000000     11393
029  000000 Y
030 A000000     98
030 B000000  5.75
030 C000000  0.00
031 A000000     11
031 B000000      0
032  000000     87
033  000000      0
034  000000 Y
035  000000    122
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    308
044  000000      4
045  000000 Y
046  000000 N
047  000000 Y
048  000000  1.250
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
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
<PAGE>      PAGE  9
048 J020000 0.000
048 K010000        0
048 K020000 0.000
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 Y
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
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
<PAGE>      PAGE  10
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 Y
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 Y
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000    110032
071 B000000    141739
071 C000000    108913
<PAGE>      PAGE  11
071 D000000  101
072 A000000  6
072 B000000      107
072 C000000     1346
072 D000000        0
072 E000000        0
072 F000000      724
072 G000000       38
072 H000000        0
072 I000000      368
072 J000000      142
072 K000000        0
072 L000000       11
072 M000000       12
072 N000000       13
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000       29
072 S000000        4
072 T000000      308
072 U000000        0
072 V000000        0
072 W000000       10
072 X000000     1659
072 Y000000        0
072 Z000000     -206
072AA000000        0
072BB000000     6274
072CC010000    29813
072CC020000        0
072DD010000        0
072DD020000        0
072EE000000        0
073 A010000   0.0000
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000     1919
074 B000000        0
074 C000000        0
074 D000000     2184
074 E000000     8014
074 F000000   105185
074 G000000        0
074 H000000        0
074 I000000     1659
074 J000000     8245
074 K000000        0
074 L000000     4132
074 M000000        1
<PAGE>      PAGE  12
074 N000000   131339
074 O000000     4510
074 P000000      266
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000     4575
074 S000000        0
074 T000000   121988
074 U010000     6494
074 U020000     4880
074 V010000     0.00
074 V020000     0.00
074 W000000   0.0000
074 X000000    15257
074 Y000000        0
075 A000000        0
075 B000000   116070
076  000000     0.00
077 A000000 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


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000921023
<NAME> PIONEER EMERGING MARKETS FUND
<SERIES>
   <NUMBER> 001
   <NAME> PIONEER EMERGING MARKETS FUND CLASS A

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1999
<PERIOD-END>                               MAY-31-1999
<INVESTMENTS-AT-COST>                        109143898
<INVESTMENTS-AT-VALUE>                       115603436
<RECEIVABLES>                                 12376529
<ASSETS-OTHER>                                    1460
<OTHER-ITEMS-ASSETS>                           3357527
<TOTAL-ASSETS>                               131338952
<PAYABLE-FOR-SECURITIES>                       4510090
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      4840730
<TOTAL-LIABILITIES>                            9350820
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     183284349
<SHARES-COMMON-STOCK>                          6494153
<SHARES-COMMON-PRIOR>                          8670845
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         1391764
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                      65182770
<ACCUM-APPREC-OR-DEPREC>                       5278317
<NET-ASSETS>                                 121988132
<DIVIDEND-INCOME>                              1345735
<INTEREST-INCOME>                               106904
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1658572
<NET-INVESTMENT-INCOME>                       (205933)
<REALIZED-GAINS-CURRENT>                     (6274199)
<APPREC-INCREASE-CURRENT>                     29812812
<NET-CHANGE-FROM-OPS>                         23332680
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        9047420
<NUMBER-OF-SHARES-REDEEMED>                   11224112
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       (3625775)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                        1185831
<OVERDIST-NET-GAINS-PRIOR>                    58908571
<GROSS-ADVISORY-FEES>                           723684
<INTEREST-EXPENSE>                                5682
<GROSS-EXPENSE>                                1675093
<AVERAGE-NET-ASSETS>                          70635914
<PER-SHARE-NAV-BEGIN>                             8.79
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                           2.11
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.90
<EXPENSE-RATIO>                                   2.55
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000921023
<NAME> PIONEER EMERGING MARKETS FUND
<SERIES>
   <NUMBER> 002
   <NAME> PIONEER EMERGING MARKETS FUND CLASS B

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1999
<PERIOD-END>                               MAY-31-1999
<INVESTMENTS-AT-COST>                        109143898
<INVESTMENTS-AT-VALUE>                       115603436
<RECEIVABLES>                                 12376529
<ASSETS-OTHER>                                    1460
<OTHER-ITEMS-ASSETS>                           3357527
<TOTAL-ASSETS>                               131338952
<PAYABLE-FOR-SECURITIES>                       4510090
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      4840730
<TOTAL-LIABILITIES>                            9350820
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     183284349
<SHARES-COMMON-STOCK>                          3899410
<SHARES-COMMON-PRIOR>                          4232988
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         1391764
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                      65182770
<ACCUM-APPREC-OR-DEPREC>                       5278317
<NET-ASSETS>                                 121988132
<DIVIDEND-INCOME>                              1345735
<INTEREST-INCOME>                               106904
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1658572
<NET-INVESTMENT-INCOME>                       (205933)
<REALIZED-GAINS-CURRENT>                     (6274199)
<APPREC-INCREASE-CURRENT>                     29812812
<NET-CHANGE-FROM-OPS>                         23332680
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1061945
<NUMBER-OF-SHARES-REDEEMED>                    1395523
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       (3625775)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                        1185831
<OVERDIST-NET-GAINS-PRIOR>                    58908571
<GROSS-ADVISORY-FEES>                           723684
<INTEREST-EXPENSE>                                5682
<GROSS-EXPENSE>                                1675093
<AVERAGE-NET-ASSETS>                          35650239
<PER-SHARE-NAV-BEGIN>                             8.49
<PER-SHARE-NII>                                 (0.06)
<PER-SHARE-GAIN-APPREC>                           2.06
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.49
<EXPENSE-RATIO>                                   3.37
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000921023
<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-30-1999
<PERIOD-END>                               MAY-31-1999
<INVESTMENTS-AT-COST>                        109143898
<INVESTMENTS-AT-VALUE>                       115603436
<RECEIVABLES>                                 12376529
<ASSETS-OTHER>                                    1460
<OTHER-ITEMS-ASSETS>                           3357527
<TOTAL-ASSETS>                               131338952
<PAYABLE-FOR-SECURITIES>                       4510090
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      4840730
<TOTAL-LIABILITIES>                            9350820
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     183284349
<SHARES-COMMON-STOCK>                           834724
<SHARES-COMMON-PRIOR>                          1435371
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         1391764
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                      65182770
<ACCUM-APPREC-OR-DEPREC>                       5278317
<NET-ASSETS>                                 121988132
<DIVIDEND-INCOME>                              1345735
<INTEREST-INCOME>                               106904
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1658572
<NET-INVESTMENT-INCOME>                       (205933)
<REALIZED-GAINS-CURRENT>                     (6274199)
<APPREC-INCREASE-CURRENT>                     29812812
<NET-CHANGE-FROM-OPS>                         23332680
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         159888
<NUMBER-OF-SHARES-REDEEMED>                     760535
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       (3625775)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                        1185831
<OVERDIST-NET-GAINS-PRIOR>                    58908571
<GROSS-ADVISORY-FEES>                           723684
<INTEREST-EXPENSE>                                5682
<GROSS-EXPENSE>                                1675093
<AVERAGE-NET-ASSETS>                           8421359
<PER-SHARE-NAV-BEGIN>                             8.47
<PER-SHARE-NII>                                 (0.19)
<PER-SHARE-GAIN-APPREC>                           2.14
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.42
<EXPENSE-RATIO>                                   4.01
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000921023
<NAME> PIONEER EMERGING MARKETS FUND
<SERIES>
   <NUMBER> 004
   <NAME> PIONEER EMERGING MARKETS FUND CLASS Y

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1999
<PERIOD-END>                               MAY-31-1999
<INVESTMENTS-AT-COST>                        109143898
<INVESTMENTS-AT-VALUE>                       115603436
<RECEIVABLES>                                 12376529
<ASSETS-OTHER>                                    1460
<OTHER-ITEMS-ASSETS>                           3357527
<TOTAL-ASSETS>                               131338952
<PAYABLE-FOR-SECURITIES>                       4510090
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      4840730
<TOTAL-LIABILITIES>                            9350820
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     183284349
<SHARES-COMMON-STOCK>                           146150
<SHARES-COMMON-PRIOR>                           140280
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         1391764
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                      65182770
<ACCUM-APPREC-OR-DEPREC>                       5278317
<NET-ASSETS>                                 121988132
<DIVIDEND-INCOME>                              1345735
<INTEREST-INCOME>                               106904
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1658572
<NET-INVESTMENT-INCOME>                       (205933)
<REALIZED-GAINS-CURRENT>                     (6274199)
<APPREC-INCREASE-CURRENT>                     29812812
<NET-CHANGE-FROM-OPS>                         23332680
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          31996
<NUMBER-OF-SHARES-REDEEMED>                      26126
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       (3625775)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                        1185831
<OVERDIST-NET-GAINS-PRIOR>                    58908571
<GROSS-ADVISORY-FEES>                           723684
<INTEREST-EXPENSE>                                5682
<GROSS-EXPENSE>                                1675093
<AVERAGE-NET-ASSETS>                           1361992
<PER-SHARE-NAV-BEGIN>                             8.85
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           2.12
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.01
<EXPENSE-RATIO>                                   1.74
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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