1.   Name and address of issuer:

     Pioneer America Income Trust
     60 State Street
     Boston, MA 02109-1820

2.   Name of each series or class of funds for which this notice is filed:
     Class A Shares
     Class B Shares

3.   Investment Company Act File Number:     811-5516
     Securities Act File Number: 33-20795
4.   Last day of fiscal year for which this notice is filed: December 31, 1995

5.   Check box if this notice is being filed more than 180 days after the close
     of the fiscal year but before termination of the issuer's 24f-2 declar-
     ation. N/A

6.   Date of termination of issuer's declaration under rule 24f-2(a)(1), if
     applicable (see Instruction A.6): N/A

7.   Number and amount of  securities of the same class or series which had been
     registered  under the  Securities  Act of 1933 other than  pursuant to rule
     24f-2 in a prior fiscal year, but which remained unsold at the beginning of
     the fiscal year: -0-

8.   Number and amount of securities registered during the fiscal year other
     than pursuant to rule 24f-2: -0-

9.   Number and aggregate sale price of securities sold during the fiscal year.
     Shares:3,065,513 Aggregate sale price: $30,926,299

10.  Number and aggregate sale price of securities sold during the fiscal year
     in reliance upon registration pursuant to rule 24f-2:
     Shares:3,065,513 Aggregate sale price: $30,926,299

11   Number and aggregate sale price of securities issued during the fiscal year
     in connection with dividend reinvestment plans, if applicable (see
     Instruction B.7):
     Shares:889,512  Aggregate sale price: $8,782,844

12.  Calculation of registration fee:

     (i)  Aggregate sale price of securities sold during $ 30,926,299 the fiscal
          year in reliance on rule 24f-2 (from Item 10):

     (ii) Aggregate price of shares issued in connection
          with dividend reinvestment plans (from Item 11,
          if applicable):                                   + $  8,782,844

     (iii)Aggregate price of shares redeemed or repurchas-
          ed during the fiscal year (if applicable):        - $ 39,709,143

     (iv) Aggregate price of shares redeemed or repurchased
          and previously applied as a reduction to filing
          fees pursuant to rule 24e-2 (if applicable):        $-0-

     (v)  Net aggregate  price of securities sold and issued
          during the fiscal year in reliance on rule 24f-2
          [line (i), plus line (ii),  less
          line (iii) plus line (iv)] (if applicable):          -0-

     (vi) Multiplier prescribed by Section 6(b) of the
          Securities Act of 1933 or other applicable law or
          regulation (see Instruction C.6):                 1/2900

     (vii)Fee due [line (i) or line (v) multiplied by
          line (vi)]: 0

Instruction:  Issuers should complete line (ii), (iii), and (v) only if the
              form is being filed within 60 days after the close of the issuer's
              fiscal year:  See Instruction C.3.


13.  Check box if fees are being remitted to the Commission's lockbox depository
     as described in section 3a of the  Commission'  Rules of Informal and Other
     Procedures (17 CFR 202.3a).

     []

     Date of  mailing  or  wire  transfer  of  filing  fees to the  Commission's
     lock-box depository:

                                   SIGNATURES

     This report has been signed  below the  following  persons on behalf of the
     issuer and in the capacities and on the dates indicated.


     By (Signature and Title)
     /s/Robert P. Nault
     Assistant Secretary

     Date: February 29, 1996