Unassociated Document
 
August 3, 2007

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 hereby files the following documents with the Commission:

 
1.
Amendment (Rider 16) to Bond No. 87002106B (the “Bond”) issued by the ICI Mutual Insurance Company of Burlington, Vermont increasing the limit of liability of the Bond to $42,000,000 (EXHIBIT 99-1);

 
2.
A certified copy of resolutions adopted by a majority of the Board of Trustees who are not “interested persons” of each of the registrants, at a meeting held on July 10, 2007 ratifying and approving the increase in the coverage under the Bond and the portion of the premium to be paid by the appropriate registrants in the manner described therein (EXHIBIT 99-2); and

 
3.
A statement 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 a joint insured bond based on its gross assets as of April 30, 2007 (EXHIBIT 99-3); and

 
4.
A copy of the Amended Fidelity Bond Premium and Coverage Allocation Agreement, effective as of May 15, 2007, by and among the joint insureds under the Bond (EXHIBIT 99-4) .

The Bond provides total fidelity coverage of $42,000,000 for 41 registrants associated with Pioneer Investment Management USA Inc.
 
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Securities and Exchange Commission
Page Two
August 3, 2007

The pro rata premium associated with the increase in coverage under the Bond has been paid for the period from May 15, 2007 to 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
Fund Governance Director
 
Enclosures

CC:
Dorothy E. Bourassa
Terrence J. Cullen
 
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Attachment A

Registrant
 
Investment Company Act Registration Number
Pioneer Bond Fund
 
811-02864
Pioneer Diversified High Income Trust
 
811-22014
Pioneer Emerging Markets Fund
 
811-08448
Pioneer Equity Income Fund
 
811-08657
Pioneer Equity Opportunity Fund
 
811-21623
Pioneer Europe Select Equity Fund
 
811-06151
Pioneer Floating Rate Trust
 
811-21654
Pioneer Fund
 
811-01466
Pioneer Fundamental Growth Fund
 
811-21108
Pioneer Global High Yield Fund
 
811-10395
Pioneer Growth Shares
 
811-01604
Pioneer High Income Trust
 
811-21043
Pioneer High Yield Fund
 
811-09685
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
Pioneer Independence Fund
 
811-08547
Pioneer Interest Shares
 
811-02239
Pioneer International Equity Fund
 
811-07733
Pioneer International Value Fund
 
811-07318
Pioneer Mid Cap Growth Fund
 
811-03564
Pioneer Mid Cap Value Fund
 
811-06106
Pioneer Money Market Trust, a series fund consisting of:
Pioneer Cash Reserves Fund
 
811-05099
Pioneer Municipal High Income Trust
 
811-21321
Pioneer Municipal High Income Advantage Trust
 
811-21409
Pioneer Protected Principal Trust, as series trust consisting of:
Pioneer Protected Principal Plus Fund
Pioneer Protected Principal Plus Fund II
 
811-21163
Pioneer Real Estate Shares
 
811-07870
Pioneer Research Fund
 
811-09585
Pioneer Select Equity Fund
 
811-21452
Pioneer Select Value Fund
 
811-21530
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
 
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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
Pioneer Series Trust III, a series trust consisting of:
 
811-21664
Pioneer Cullen Value Fund
   
Pioneer Series Trust IV, a series trust consisting of:
Pioneer Classic Balanced Fund
Pioneer Government Income Fund
Pioneer Institutional Money Market Fund
Pioneer International Core Equity Fund
Pioneer Treasury Reserves Fund
 
811-21781
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
Pioneer Series Trust VI, a series trust consisting of:
Pioneer Floating Rate Fund
 
811-21978
Pioneer Short Term Income Fund
 
811-21558
Pioneer Small Cap Value Fund
 
811-07985
Pioneer Strategic Income Fund
 
811-09223
Pioneer Tax Advantaged Balanced Trust
 
811-21448
Pioneer Tax Free Income Fund
 
811-02704
Pioneer Value Fund
 
811-01835
Pioneer Variable Contracts Trust, a series trust consisting of:
 
811-08786
Pioneer America Income 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 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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