Pioneer Ibbotson Asset Allocation Series
Amendment to the Amended and Restated Agreement and Declaration of Trust
of
Pioneer Ibbotson Asset Allocation Series
The undersigned, being at least a majority of the Trustees of Pioneer
Ibbotson Asset Allocation Series, a Delaware statutory trust (the "Trust"), do
hereby amend the Agreement and Declaration of Trust, dated May 22, 2004, as
amended (the "Declaration"), as follows, such amendment to be effective on the
date hereof:
Pursuant to Article IX, Section 8 of the Declaration, the Series set forth
on Annex A is added as a series of the Trust, such series to have Class A, Class
B, Class C, Class R and Class Y shares, such shares to have the relative rights
and limitations set forth in the Declaration of Trust and the Trust's
Registration Statement on Form N-1A with respect to such series.
IN WITNESS WHEREOF, the undersigned being all the Trustees of the Trust
have executed this instrument as of this 4th day of January, 2005.
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The address of each Trustee is
c/o Pioneer Investment Management, Inc
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Annex A
Pioneer Ibbotson Conservative Allocation Series