Pioneer Balanced Fund
Amendment to the Agreement and Declaration of Trust
of
Pioneer Balanced Fund
The undersigned, being at least a majority of the Trustees of Pioneer
Balanced Fund, a Delaware statutory trust (the "Trust"), do hereby amend the
Agreement and Declaration of Trust, dated June 16, 1994, as amended (the
"Declaration"), as follows, such amendment to be effective on the date hereof:
Pursuant to Article IX, Section 8 of the Declaration, Trustees hereby
establish one additional class of shares of the Trust, which shall be designated
Investor Class Shares. Such shares represent a pro-rata interest, based upon
relative net asset value with each other class of shares of the Trust, except as
provided in the Trust's Multi-Class Plan under Rule 18f-3. The Investor Class
Shares shall automatically convert into Class A shares of the Trust as provided
in such Multi-Class Plan.
IN WITNESS WHEREOF, the undersigned being all the Trustees of the Trust
have executed this instrument as of this 3rd day of August, 2004.
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇
----------------------------------- /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇
----------------------------------- ---------------------------
/s/ ▇▇▇▇ ▇. ▇▇▇▇ /s/ ▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------------- --------------------------
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, M.D. /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, M.D. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
---------------------------------- ---------------------------
/s/ ▇▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇▇ /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇
The address of each
Trustee is:
c/o Pioneer Investment Management, Inc
▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇