Contract

POWER OF ATTORNEY I, the undersigned trustee or officer of the investment companies listed on Annex A for which Pioneer Investment Management, Inc. or one of its affiliates acts as investment adviser, hereby constitute and appoint John F. Cogan, Jr., Osbert M. Hood, Dorothy E. Bourassa, John Carey and Vincent Nave, and each of them acting singly, to be my true, sufficient and lawful attorneys, with full power to each of them and each of them acting singly, to sign for me, in my name and the capacities indicated below, (i) any Registration Statement on Form N-1A, Form N-14, N-2 or any other applicable registration form under the Investment Company Act of 1940, as amended, and/or under the Securities Act of 1933, as amended, and any and all amendments thereto filed by any of the investment companies listed in Annex A or any investment company for which Pioneer Investment Management, Inc or any of its affiliates acts as investment adviser in the future (each a "Trust") of which I am now or am on the date of such filing a Trustee or officer of the Trust, (ii) any application, notice or other filings with the Securities and Exchange Commission, and (iii) any and all other documents and papers relating thereto, and generally to do all such things in my name and on behalf of me in the capacities indicated to enable each Trust to comply with the Investment Company Act of 1940, as amended, and the Securities Act of 1933, as amended, and thereunder, hereby ratifying and confirming my signature as it may be signed by said attorneys or each of them to any and all Registration Statements and amendments to said Registration Statement. IN WITNESS WHEREOF, I have hereunder set my hand on this 5th day of July, 2005.

/s/ Mary K. Bush /s/ David R. Bock - -------------------------------------------- -------------------------------------------- Mary K. Bush David R. Bock /s/ John F. Cogan, Jr. /s/ Margaret B.W. Graham - ----------------------------------------------------- -------------------------------------------- John F. Cogan, Jr Margaret B.W. Graham /s/ Osbert M. Hood /s/ Marguerite A. Piret - ----------------------------------------------------- -------------------------------------------- Osbert M. Hood Marguerite A. Piret /s/ Stephen K. West /s/ John Winthrop - ----------------------------------------------------- -------------------------------------------- Stephen K. West John Winthrop /s/ Vincent Nave - ---------------------------------------------------- Vincent Nave
POWER OF ATTORNEY ANNEX A Pioneer AllWeather Fund LLC Pioneer America Income Trust Pioneer Balanced Fund Pioneer Bond Fund Pioneer Money Market Trust Pioneer Emerging Growth Fund Pioneer Emerging Markets Fund Pioneer Equity Income Fund Pioneer Equity Opportunity Fund Pioneer Europe Select Equity Fund Pioneer Europe Select Fund Pioneer Floating Rate Trust Pioneer Fund Pioneer Global High Yield Fund Pioneer Global Value Fund Pioneer Growth Shares Pioneer High Yield Fund Pioneer High Income Trust Pioneer Ibbotson Asset Allocation Series Pioneer Independence Plans Pioneer Independence Fund Pioneer Indo-Asia Fund Pioneer Interest Shares Pioneer International Equity Fund Pioneer International Growth & Income Fund Pioneer International Value Fund Pioneer Large Cap Value Fund Pioneer Large Cap Growth Fund Pioneer Limited Maturity Bond Fund Pioneer Mid Cap Growth Fund Pioneer Mid Cap Value Fund Pioneer Municipal High Income Advantage Trust Pioneer Municipal High Income Trust Pioneer Protected Principal Trust Pioneer Real Estate Shares Pioneer Research Fund Pioneer Select Equity Fund Pioneer Select Value Fund Pioneer Series Trust I Pioneer Series Trust II Pioneer Series Trust III Pioneer Series Trust IV Pioneer Short Term Income Fund Pioneer Small Cap Value Fund Pioneer Small Company Fund Pioneer Strategic Income Fund Pioneer Tax Advantaged Balanced Trust Pioneer Tax Free Income Fund Pioneer Tax Qualified Dividend Fund Pioneer Value Fund Pioneer Variable Contracts Trust