October 24, 2006
VIA EDGAR

Securities and Exchange Commission
Office of Registration and Reports
100 F Street, N.E.
Washington, D.C. 20549

Re:
Pioneer Family of Mutual Funds
(Each Registrant listed on Attachment A hereto)
 

Members of the Commission:

In accordance with Rule 17g-1(g) of the Investment Company Act of 1940, each of the registrants listed on Attachment A (collectively, the “Registrants” and individually, a “Registrant”) hereby files the following documents with the Commission:

1.
A copy of the joint Investment Company Blanket Bond No. 87002106B issued by the ICI Mutual Insurance Company of Burlington, Vermont (“ICI Mutual”) in the amount of $40,000,000 for the period July 31, 2006 to July 31, 2007 with a list of each Registrant covered thereunder set forth in Rider No. 1 (the “Bond”) is filed herewith as EXHIBIT 99-1; and

2.
A certified copy of (i) resolutions adopted at a meeting held on July 11, 2006 by a majority of the Board of Trustees of each Registrant who are not “interested persons” of each of the Registrants, other than Pioneer Independence Plans, approving the amount, type, form and coverage of the Bond and the portion of the premium to be paid by each Registrant; and (ii) a copy of resolutions adopted by the Board of Directors of Pioneer Funds Distributor, Inc., by written consent dated October 10, 2006, as sponsor of Pioneer Independence Plans are filed herewith as EXHIBIT 99-2; and

3.
A document showing the amount of the single insured bond which each Registrant would have provided and maintained had it not been named as an insured under the Bond is filed herewith as EXHIBIT 99-3; and

4.
A copy of the Fidelity Bond Premium and Coverage Allocation Agreement, dated August 1, 2006 by and among the joint insureds under the Bond entered into pursuant to paragraph (f) of Rule 17g-1 is filed herewith under EXHIBIT 99-4; and

 



Securities and Exchange Commission
October 17, 2006
Page Two

5.
The premium associated with the Bond has been paid for the period July 31, 2006 through July 31, 2007.


Please contact me at 617/517-8996 should you have any questions or require additional information.


Very truly yours,


/s/ Carol B. Hannigan
Carol B. Hannigan
Manager-Fund Governance


Enclosures

CC:
Dorothy E. Bourassa
Christopher P. Harvey, Esq.
Terrence J. Cullen
 
 
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Attachment A


 
Registrant
Investment Company Act Registration Number  
1
Pioneer America Income Trust
811-05516
2
Pioneer Balanced Fund
811-01605
3
Pioneer Bond Fund
811-02864
4
Pioneer Emerging Markets Fund
811-08448
5
Pioneer Equity Income Fund
811-08657
6
Pioneer Equity Opportunity Fund
811-21623
7
Pioneer Europe Select Equity Fund
811-06151
8
Pioneer Floating Rate Trust
811-21654
9
Pioneer Fund
811-01466
10
Pioneer Fundamental Growth Fund
811-21108
11
Pioneer Global High Yield Fund
811-10395
12
Pioneer Growth Shares
811-01604
13
Pioneer High Income Trust
811-21043
14
Pioneer High Yield Fund
811-09685
15
Pioneer Ibbotson Asset Allocation Series, a series trust consisting of:
Pioneer Ibbotson Aggressive Allocation Fund
Pioneer Ibbotson Conservative Allocation Fund
Pioneer Ibbotson Growth Allocation Fund
Pioneer Ibbotson Moderate Allocation Fund
811-21569
16
Pioneer Independence Fund
811-08547
17
Pioneer Independence Plans
811-08551
18
Pioneer Interest Shares
811-02239
19
Pioneer International Equity Fund
811-07733
20
Pioneer International Value Fund
811-07318
21
Pioneer Mid Cap Growth Fund
811-03564
22
Pioneer Mid Cap Value Fund
811-06106
23
Pioneer Money Market Trust, a series fund consisting of:
Pioneer Cash Reserves Fund
811-05099
24
Pioneer Municipal High Income Trust
811-21321
25
Pioneer Municipal High Income Advantage Trust
811-21409
26
Pioneer Protected Principal Trust, as series trust consisting of:
Pioneer Protected Principal Plus Fund
Pioneer Protected Principal Plus Fund II
811-21163
27
Pioneer Real Estate Shares
811-07870
28
Pioneer Research Fund
811-09585
29
Pioneer Select Equity Fund
811-21452
30
Pioneer Select Value Fund
811-21530
 
3

 
31
Pioneer Series Trust I, a series trust consisting of:
Pioneer Oak Ridge Large Cap Growth Fund
Pioneer Oak Ridge Small Cap Growth Fund
811-21425
32
Pioneer Series Trust II, a series trust consisting of:
Pioneer Am Pac Growth Fund
Pioneer AMT -Free CA Municipal Bond Fund
Pioneer AMT -Free Municipal Fund
Pioneer Growth Leaders Fund
Pioneer Growth Opportunities Fund
Pioneer Small and Mid Cap Growth Fund
Pioneer Tax Free Money Market Fund
811-21460
33
Pioneer Series Trust III, a series trust consisting of:
Pioneer Cullen Value Fund
811-21664
34
Pioneer Series Trust IV, a series trust consisting of:
Pioneer Classic Balanced Fund
Pioneer Florida Tax Free Income Fund
Pioneer Focused Equity Fund
Pioneer Government Income Fund
Pioneer Institutional Money Market Fund
Pioneer International Core Equity Fund
Pioneer Treasury Reserves Fund
811-21781
35
Pioneer Series Trust V, a series trust consisting of:
Pioneer Global Select Equity Fund
Pioneer High Income Municipal Fund
Pioneer Oak Ridge All Cap Growth Fund
Pioneer Select Research Growth Fund
Pioneer Select Research Value Fund
811-21823
36
Pioneer Short Term Income Fund
811-21558
37
Pioneer Small Cap Value Fund
811-07985
38
Pioneer Strategic Income Fund
811-09223
39
Pioneer Tax Advantaged Balanced Trust
811-21448
40
Pioneer Tax Free Income Fund
811-02704
41
Pioneer Value Fund
811-01835
 
4

 
42
Pioneer Variable Contracts Trust, a series trust consisting of:
811-08786
 
Pioneer America Income VCT Portfolio
 
 
Pioneer Am Pac Growth VCT Portfolio
 
 
Pioneer Balanced VCT Portfolio
 
 
Pioneer Bond VCT Portfolio
 
 
Pioneer Core Bond VCT Portfolio
 
 
Pioneer Cullen Value VCT Portfolio
 
 
Pioneer Emerging Markets VCT Portfolio
 
 
Pioneer Equity Income VCT Portfolio
 
 
Pioneer Equity Opportunity VCT Portfolio
 
 
Pioneer Europe VCT Portfolio
 
 
Pioneer Fund VCT Portfolio
 
 
Pioneer Global High Yield VCT Portfolio
 
 
Pioneer Growth Opportunities VCT Portfolio
 
 
Pioneer Growth Shares VCT Portfolio
 
 
Pioneer High Yield VCT Portfolio
 
 
Pioneer Ibbotson Aggressive Allocation VCT Portfolio
 
 
Pioneer Ibbotson Growth Allocation VCT Portfolio
 
 
Pioneer Ibbotson Moderate Allocation VCT Portfolio
 
 
Pioneer International Value VCT Portfolio
 
 
Pioneer Mid Cap Value VCT Portfolio
 
 
Pioneer Money Market VCT Portfolio
 
 
Pioneer Oak Ridge Large Cap Growth VCT Portfolio
 
 
Pioneer Real Estate Shares VCT Portfolio
 
 
Pioneer Small and Mid Cap Growth VCT Portfolio
 
 
Pioneer Small Cap Value VCT Portfolio
 
 
Pioneer Strategic Income VCT Portfolio
 
 
Pioneer Value VCT Portfolio
 


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