-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Og/ATG8YjBmGR8NEi5PqVYrZNZUx2Z8JQ8mTGPA28KUjMlRBXLUi+65085xWsu2B
 ZUKoME29Nu2ynCialt4K+g==

<SEC-DOCUMENT>0000921895-07-001805.txt : 20070813
<SEC-HEADER>0000921895-07-001805.hdr.sgml : 20070813
<ACCEPTANCE-DATETIME>20070813181607
ACCESSION NUMBER:		0000921895-07-001805
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070810
FILED AS OF DATE:		20070813
DATE AS OF CHANGE:		20070813

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIONEER TAX ADVANTAGED BALANCED TRUST
		CENTRAL INDEX KEY:			0001267150
		IRS NUMBER:				510492660
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	MAIL ADDRESS:	
		STREET 1:		60 STATE STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PIONEER TAX ADVANTAGED BALANCED FUND
		DATE OF NAME CHANGE:	20031017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PIONEER TAX ADVANTAGED BALANCED TRUST
		DATE OF NAME CHANGE:	20031015

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LIPSON ARTHUR D
		CENTRAL INDEX KEY:			0001257108

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-21448
		FILM NUMBER:		071050560

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		8019427803

	MAIL ADDRESS:	
		STREET 1:		C/O WESTERN INVESTMENT LLC
		STREET 2:		POB 71869
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84171
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>lip20.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-08-10</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001267150</issuerCik>
        <issuerName>PIONEER TAX ADVANTAGED BALANCED TRUST</issuerName>
        <issuerTradingSymbol>[PBF]</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001257108</rptOwnerCik>
            <rptOwnerName>LIPSON ARTHUR D</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O WESTERN INVESTMENT LLC</rptOwnerStreet1>
            <rptOwnerStreet2>7050 SOUTH UNION PARK CENTER, SUITE 590</rptOwnerStreet2>
            <rptOwnerCity>MIDVALE</rptOwnerCity>
            <rptOwnerState>UT</rptOwnerState>
            <rptOwnerZipCode>84047</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Equity Swap (obligation to purchase)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>13.8365</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2007-08-10</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>1</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>9100</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2007-08-10</value>
            </exerciseDate>
            <expirationDate>
                <value>2008-05-05</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock,  no par value</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>9100</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9100</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Western Investment LLC</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On August 10, 2007, Western Investment Activism Partners LLC (WIAP) and a securities broker (Broker) amended the cash settled equity swap contract originally entered into on May 29, 2007 between Broker and WIAP so as to add a notional 9,100 shares of common stock of the Issuer to the equity notional amount of the shares subject to the equity swap.  By the terms of the equity swap: (i) WIAP will be obligated to pay to Broker the equity notional amount of the shares subject to the equity swap (Reference Shares) as of the beginning of the valuation period (which resets monthly), plus interest, and (ii) Broker will be obligated to pay to WIAP the market value of the Reference Shares as of the end of the valuation period.  Any dividends received by Broker on the Reference Shares during the term of the equity swap will be paid to WIAP.  All balances will be cash settled and there will be no transfer to WIAP of voting or dispositive power over the Reference Shares.</footnote>
        <footnote id="F2">Following the August 10, 2007 amendment to the cash settled equity swap contract, there is an aggregate of 1,051,700 shares of common stock underlying the equity swap contract between WIAP and Broker.</footnote>
        <footnote id="F3">For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, and the Rules promulgated thereunder, as the sole managing member of Western Investment LLC (Western) which in turn is the managing member of WIAP, Mr. Lipson may be deemed to beneficially own the shares of common stock underlying the equity swap. Each of Mr. Lipson, Western and WIAP disclaims such beneficial ownership except to the extent of his or its pecuniary interest therein, if any.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>By: /s/ Arthur D. Lipson</signatureName>
        <signatureDate>2007-08-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----