<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 0000930709
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
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001 C000000 6177427825
002 A000000 60 STATE STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
002 D020000 1801
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 8
007 C010100 1
007 C020100 INTERNATIONAL GROWTH PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 CAPITAL GROWTH PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 REAL ESTATE GROWTH PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 EQUITY-INCOME PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 BALANCED PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 AMERICA INCOME PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 MONEY MARKET PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 SWISS FRANC BOND PORTFOLIO
007 C030800 N
007 C010900 9
007 C011000 10
011 A00AA01 PIONEER FUNDS DISTRIBUTOR, INC.
011 B00AA01 8-41256
<PAGE> PAGE 2
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
011 C04AA01 1820
012 A00AA01 PIONEERING SERVICES CORPORATION
012 B00AA01 84-1359
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
012 C04AA01 1820
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
013 B04AA01 2604
015 A00AA01 BROWN BROTHERS HARRIMAN & CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02109
015 C04AA01 1975
015 E01AA01 X
015 A00AA02 CITIBANK N.A., BUENOS AIRES
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 NATIONAL AUSTRALIA BANKS LTD.
015 B00AA03 S
015 C01AA03 MELBOURNE
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 CREDITANSTALT BANKVEREIN
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 BANQUE BRUXELLES LAMBERT
015 B00AA05 S
015 C01AA05 BRUSSELLS
015 D01AA05 BELGIUM
015 E04AA05 X
015 A00AA06 THE FIRST NATL BANK OF BOSTON
015 B00AA06 S
015 C01AA06 SAN PAULO
015 D01AA06 BRAZIL
015 E04AA06 X
015 A00AA07 CANADIAN IMPERIAL BANK OF COMMERCE
015 B00AA07 S
015 C01AA07 TORONTO
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<PAGE> PAGE 3
015 E04AA07 X
015 A00AA08 CITIBANK N.A.
015 B00AA08 S
015 C01AA08 SANTIAGO
015 D01AA08 CHILE
015 E04AA08 X
015 A00AA09 STANDARD CHARTERED BANK, SHANGHAI
015 B00AA09 S
015 C01AA09 SHANGHAI
015 D01AA09 CHINA
015 E04AA09 X
015 A00AA10 STANDARD CHARTERED BANK, SHENZHEN
015 B00AA10 S
015 C01AA10 SHENZEN
015 D01AA10 CHINA
015 E04AA10 X
015 A00AA11 CITITRUST COLOMBIA S.A., SOCIEDAD
015 B00AA11 S
015 C01AA11 BOGOTA
015 D01AA11 COLOMBIA
015 E04AA11 X
015 A00AA12 CESKOLOVENSKA OBCHODNI BANKA A.S. PRAGUE
015 B00AA12 S
015 C01AA12 PRAGUE
015 D01AA12 CZECH REPUBLIC
015 E04AA12 X
015 A00AA13 DEN DANSKE BANK
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015 E04AA13 X
015 A00AA14 MERITA BANK
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015 E04AA14 X
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015 B00AA15 S
015 C01AA15 PARIS
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015 E04AA15 X
015 A00AA16 DRESDNER BANK
015 B00AA16 S
015 C01AA16 FRANKFURT
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015 E04AA16 X
015 A00AA17 CITIBANK N.A., ATHENS
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<PAGE> PAGE 4
015 A00AA18 STANDARD CHARTERED BANK
015 B00AA18 S
015 C01AA18 HONG KONG
015 D01AA18 HONG KONG
015 E04AA18 X
015 A00AA19 CITIBANK BUDAPEST RT FOR CITIBANK N.A.
015 B00AA19 S
015 C01AA19 BUDAPEST
015 D01AA19 HUNGARY
015 E04AA19 X
015 A00AA20 CITIBANK N.A.
015 B00AA20 S
015 C01AA20 JAKARTA
015 D01AA20 INDONESIA
015 E04AA20 X
015 A00AA21 CITIBANK N.A. MUMBAI
015 B00AA21 S
015 C01AA21 BOMBAY
015 D01AA21 INDIA
015 E04AA21 X
015 A00AA22 ALLIED IRISH BANKS PLC
015 B00AA22 S
015 C01AA22 DUBLIN
015 D01AA22 IRELAND
015 E04AA22 X
015 A00AA23 BANK HAPOALIM B.M.
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015 E04AA23 X
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015 E04AA24 X
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015 E04AA25 X
015 A00AA26 CITIBANK N.A.
015 B00AA26 S
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<PAGE> PAGE 5
015 B00AA28 S
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015 D01AA28 MEXICO
015 E04AA28 X
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015 E04AA29 X
015 A00AA30 ABN-BMRO BANK
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015 C01AA32 OSLO
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015 A00AA33 STANDARD CHARTERED BANK
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015 A00AA34 CITIBANK N.A.
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<PAGE> PAGE 6
015 C01AA38 SINGAPORE
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015 A00AA39 FIRST NATL BANK OF SOUTHERN AFRICA
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015 D01AA40 SPAIN
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015 E04AA43 X
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015 B00AA44 S
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015 B00AA45 S
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015 D01AA45 THAILAND
015 E04AA45 X
015 A00AA46 CITIBANK N.A.
015 B00AA46 S
015 C01AA46 ISTANBUL
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015 E04AA46 X
015 A00AA47 ROYAL BANK OF SCOTLAND
015 B00AA47 S
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015 D01AA47 UNITED KINGDOM
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015 A00AA48 THE FIRST NATL BANK OF BOSTON
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<PAGE> PAGE 7
015 D01AA48 URUGUAY
015 E04AA48 X
015 A00AA49 CITIBANK N.A.
015 B00AA49 S
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015 A00AA50 STANDARD CHARTERED BANK
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018 00AA00 Y
019 A00AA00 Y
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019 C00AA00 PIONEERFDS
020 A000001 CAPEL, JAMES INC.
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020 A000007 SMITH BARNEY
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020 A000008 PAINE WEBBER INC.
020 B000008 13-2638166
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020 A000010 NATWEST SECURITIES
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<PAGE> PAGE 8
022 D000002 0
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<PAGE> PAGE 9
054 A00AA00 Y
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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SIGNATURE ROBERT P. NAULT
TITLE ASST. SECRETARY
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