June 29, 1998
PIONEER INDIA FUND
SUPPLEMENT TO PROSPECTUS DATED FEBRUARY 27, 1998
The Trustees of Pioneer India (the "Fund") have approved a change in
the Fund's investment focus, subject to shareholder approval at a meeting to be
held on September 15, 1998. If approved by shareholders of the Fund on that
date, the Fund expects to institute the change on October 1, 1998. The Fund's
investment objective will remain long-term capital growth. The Fund currently
invests primarily in securities of companies in India.
If approved by shareholders, the Fund will pursue its investment
objective by investing at least 65% of its total assets in equity securities of
issuers in Asia (excluding Japan) and the Indian Subcontinent. The specific
allocation among countries would be determined from time to time by Pioneering
Management Corporation, the investment manager to the Fund. There would not be a
requirement to maintain a specific percentage of the Fund's assets in India or
any other country.
Changes in the Fund's policies relating to a number of fundamental
investment restrictions set forth in the Fund's statement of additional
information have also been proposed. However, none of these changes are expected
to have a material effect on the Fund's investment operations.
0698-5394
(C) Pioneer Funds Distributor, Inc.
