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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000863334-97-000002.txt : 19970221
<SEC-HEADER>0000863334-97-000002.hdr.sgml : 19970221
ACCESSION NUMBER:		0000863334-97-000002
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19970210
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIONEER GROWTH TRUST
		CENTRAL INDEX KEY:			0000863334
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				043098863
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-34801
		FILM NUMBER:		97522037

	BUSINESS ADDRESS:	
		STREET 1:		60 STATE ST - 19TH FL
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109-1820
		BUSINESS PHONE:		6177427825

	MAIL ADDRESS:	
		STREET 1:		60 STATE ST
		STREET 2:		19TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109-1820
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>SUPPLEMENT TO THE PROSPECTUS
<TEXT>
                                                  

                                                  February 7 , 1997


                        SUPPLEMENT TO THE PROSPECTUS OF:

                           PIONEER CAPITAL GROWTH FUND
                             dated February 23, 1996
                             (revised July 15, 1996)


IV.  MANAGEMENT OF THE FUND

Mr. David Tripple, President and Chief Investment Officer of PMC and Executive
Vice President of each Pioneer mutual fund, has general responsibility for
PMC's investment operations and chairs a committee of PMC's equity managers
which reviews PMC's research and portfolio operations, including those of the
Fund. Mr. Tripple joined PMC in 1974.

Research  and  management  for  the  Fund  is the  responsibility  of a team  of
portfolio  managers  and  analysts  focusing  on special  equities  and  smaller
companies.  Members of the team meet regularly to discuss holdings,  prospective
investments and portfolio composition.

Day-to-day management of the Fund has been the responsibility of Mr. J. Rodman
Wright, a Vice President of PMC and former assistant portfolio manager for the
Fund, since January 24, 1997.  Mr. Wright joined PMC in 1994 and has nine years
of investment experience.


0297-3994
(C) Pioneer Funds Distributor, Inc.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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