DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
8/29/07
1. NAME OF REPORTING PERSON
Bulldog Investors, Phillip Goldstein and Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[ ] b[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION USA
7. SOLE VOTING POWER 1,653,002
8. SHARED VOTING POWER 0
9. SOLE DISPOSITIVE POWER 1,662,002
10. SHARED DISPOSITIVE POWER 0
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1662,002
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [ ]
13. PERCENT OF CLASS REPRESENTED BY ROW 11 5.78
14. TYPE OF REPORTING PERSON IA
Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of Common Stock of
Pioneer Tax Advantaged Balanced Trust ("PBF" or the "Issuer").
The principal executive offices of PBF are located at 60 State
Street, Boston, MA 02109.
Item 2. IDENTITY AND BACKGROUND
This statement is filed on behalf of Bulldog Investors, Phillip
Goldstein, 60 Heritage Drive,Pleasantville, NY 10570 a principal
of Bulldog Investors and Andrew Dakos, Park 80 West,Saddle
Brook, NJ 07663, also a principal of Bulldog Investors.
Mr.Goldstein and Mr. Dakos are self-employed investment
advisors.
During the past 5 years none of the above has been convicted in
a criminal proceeding, nor been party to a civil proceeding of a
judicial or administrative body of competent jurisdiction as a
result of which they were or are subject to a judgment, decree
or final order enjoining future violations of, or prohibiting or
mandating activities subject to,federal or state securities laws
or finding any violation with respect to such laws. Each of the
above are United States citizens.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of managed
accounts. All funds that have been utilized to purchase such
shares are from such accounts or from margin loans from broker
dealers where these accounts are held.
ITEM 4. PURPOSE OF TRANSACTION
The reporting persons believe the issuers shares are
undervalued. The reporting persons have submitted the attached
shareholder proposal for inclusion in managements proxy
statement at the next meeting of shareholders (see exhibit 2).
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As per the semi-annual report dated 5/31/07 there were
28,706,981 shares of common stock outstanding. The percentage
set forth in item 5 was derived using such number. Bulldog
Investors, Phillip Goldstein and Andrew Dakos beneficially own
an aggregate of 1,662,002 shares of PBF or 5.78% of the
outstanding shares. Power to dispose of and vote securities
resides either with Mr. Goldstein, Mr. Dakos or with clients.
c) During the past 60 days the following shares of PBF were
purchased (there were no sales):
QuantityPrice ($) Trade Date
2,200 14.77 7/13/2007
200 14.75 7/16/2007
1,500 14.6758 7/18/2007
300 14.6758 7/18/2007
200 14.6758 7/18/2007
400 14.6758 7/18/2007
100 14.6758 7/18/2007
900 14.6758 7/18/2007
400 14.6758 7/18/2007
3,100 14.72 7/20/2007
800 14.72 7/20/2007
900 14.72 7/20/2007
1,800 14.72 7/20/2007
600 14.72 7/20/2007
400 14.72 7/20/2007
200 14.72 7/20/2007
3,000 14.6 7/25/2007
4,000 14.295 7/26/2007
2,300 14.295 7/26/2007
900 14.295 7/26/2007
1,150 14.295 7/26/2007
900 14.295 7/26/2007
750 14.295 7/26/2007
5,000 14.3019 7/30/2007
5,000 14.3019 7/30/2007
5,000 14.3019 7/30/2007
8,700 14.09 8/6/2007
42,100 14.09 8/6/2007
5,000 14.09 8/6/2007
8,700 14.09 8/6/2007
28,000 14.09 8/6/2007
7,500 14.09 8/6/2007
152,000 14.0837 8/7/2007
23,600 14.0837 8/7/2007
28,000 14.0837 8/7/2007
103,000 14.0837 8/7/2007
6,775 13.8149 8/10/2007
16,735 13.8149 8/10/2007
2,880 13.8149 8/10/2007
22,950 13.8149 8/10/2007
5,920 13.8149 8/10/2007
4,740 13.8149 8/10/2007
3,500 13.75 8/13/2007
2,900 13.6885 8/14/2007
4,300 13.6885 8/14/2007
4,300 13.6885 8/14/2007
3,800 13.6885 8/14/2007
14,000 13.6885 8/14/2007
20,700 13.6885 8/14/2007
3,000 13.3528 8/15/2007
1,000 13.3528 8/15/2007
4,300 13.3528 8/15/2007
800 13.3528 8/15/2007
10,000 13.3528 8/15/2007
900 13.3528 8/15/2007
800 12.9525 8/16/2007
600 12.9525 8/16/2007
2,200 12.9525 8/16/2007
500 12.9525 8/16/2007
900 12.9525 8/16/2007
3,000 12.9525 8/16/2007
1,700 13.12 8/20/2007
6,200 13.68 8/24/2007
8,000 13.68 8/24/2007
41,800 13.68 8/24/2007
500 13.68 8/24/2007
8,000 13.68 8/24/2007
1,300 13.68 8/24/2007
8,000 13.68 8/24/2007
26,200 13.68 8/24/2007
2,600 13.7 8/27/2007
9,400 13.7 8/27/2007
12,900 13.7 8/27/2007
1,741 13.7 8/27/2007
3,300 13.7 8/27/2007
3,800 13.7 8/27/2007
5,000 13.65 8/28/2007
18,000 13.67 8/29/2007
14,600 13.67 8/29/2007
21,000 13.67 8/29/2007
9,715 13.67 8/29/2007
71,000 13.67 8/29/2007
83,000 13.67 8/29/2007
51,000 13.67 8/29/2007
10,000 13.67 8/29/2007
d) Beneficiaries of managed accounts are entitled to receive any
dividends or sales proceeds.
e) NA
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1. Joint Filing Agreement
Exhibit 2. Shareholder Proposal
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: 9/7/07
By: /s/ Phillip Goldstein
Name: Phillip Goldstein
By: /s/ Andrew Dakos
Name: Andrew Dakos
Exhibit 1
Joint Filing Agreement
In accordance with Rule 13d-1 (k) (1) under the Securities
Exchange Act of 1934,as amended, the persons named below agree
to the joint filing on behalf of each of them of the Schedule
13D (and all further amendments filed by them) with respect to
the shares of PBF.
Dated: 9/7/07
By: /s/ Phillip Goldstein
Name: Phillip Goldstein
By: /s/ Andrew Dakos
Name: Andrew Dakos
Exhibit 2.
Shareholder Proposal
Full Value Partners L.P.
Park 80 West, Plaza Two
Saddle Brook, NJ 07663
Phone (201) 556-0092
Fax (201) 556-0097
August 17, 2007
Dorothy E. Bourassa
Secretary
Pioneer Tax Advantaged Balanced Trust
60 State Street
Boston, Massachusetts 02109
Dear Ms. Bourassa:
Full Value Partners L.P. is the beneficial owner of shares of
Pioneer Tax Advantaged Balanced Trust (the "Trust") valued in
excess of $2,000.00. We have held our shares for at least 12
months and intend to hold them through the next annual meeting.
We hereby submit the following proposal and supporting statement
pursuant to rule 14a-8 of the Securities Exchange Act of 1934
for inclusion in management's proxy materials for the next
meeting of stockholders.
RESOLVED: Pioneer Tax Advantaged Balanced Trust is requested to
conduct a self-tender offer for all outstanding shares of the
Trust at net asset value ("NAV"). If more than 50% of the
Trust's outstanding shares are tendered, the tender offer should
be cancelled and the Trust should be liquidated
Supporting Statement
At the June 2006 annual meeting, Western Investment's nominees
were elected trustees on a platform to narrow the Trust's
discount to NAV which Western called "unacceptable." We
voted for Western's nominees and had high expectations that
the Trust's discount would soon be eliminated.
Despite an increase in the Trust's monthly distribution, the
Trust's shares have continued to trade at an "unacceptable"
discount. As of August 16, 2007, the discount was more than
12%. Therefore, we believe it is appropriate to conduct a self-
tender offer for all outstanding shares of the Trust to allow
shareholders to receive full NAV for their shares. If a
majority of the Trust's outstanding shares are tendered, that
would demonstrate that there is insufficient shareholder support
for continuing the Trust in its closed-end format. In that
case, the tender offer should be cancelled and the Trust should
be liquidated.
Very truly yours,
Andrew Dakos
Managing Member
Full Value Advisors L.L.C.
General Partner