form13da.htm
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)

___________

Pioneer Municipal and Equity Income Trust
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(Name of Issuer)


Common Shares of Beneficial Interest, no par value
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(Title of Class of Securities)


723761102
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(CUSIP Number)

Bulldog Investors General Partnership
Park 80 West, Plaza Two, Suite 750
Saddle Brook, NJ 07663
Tel. (201) 556-0092

With a copy to:

Stephen P. Wink, Esq.
Cahill/Wink LLP
5 Penn Plaza
23rd Floor
New York, NY 10001
(646) 378-2105
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)


November 16, 2007
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(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  [  ]

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See ss. §240.13d-7 for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

PAGE 1 OF 4

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CUSIP No.  723761102
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1
Names of Reporting Persons
 
I.R.S. Identification Nos. of above persons (entities only)
 
 
Bulldog Investors General Partnership
 
56-2585535
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2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
 
(a)  [   ]
 
(b)  [ X ]
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3
SEC Use Only
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4
Source of Funds (See Instructions)
 
 
WC
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  5
Check if Disclosure of legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [   ]
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6
Citizenship or Place of Organization
   
 
New York
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Number of
 7
Sole Voting Power                         2,368,652    
 
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Shares
 
Beneficially
 8
Shared Voting Power                           0       
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Owned by
 
Each
  
 9
Sole Dispositive Power                  2,368,652
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Reporting
Person With:
10
Shared Dispositive Power                    0
 
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11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
 
2,368,652
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12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [   ]
 
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13
Percent of Class Represented by Amount in Row (11)
   
 
8.3%
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14
Type of Reporting Person (See Instructions)
   
PN
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PAGE 2 OF 4

 
This Amendment No. 3 amends the Schedule 13D filed September 7, 2007 (the “Schedule 13D”), as amended by Amendment No. 1 filed October 30, 2007, as amended by Amendment No. 2 filed November 6, 2007, and is filed by Bulldog Investors General Partnership (the “Reporting Person”), with respect to the common shares of beneficial interest, no par value, of PBF (the “Common Stock”).  Capitalized terms used herein but not defined herein shall have the meanings attributed to them in the Schedule 13D.
 
Item 1.
Security and Issuer
 
Item 1 of the Schedule 13D is amended and restated as follows:
 
The class of equity to which this statement relates is the common shares of beneficial interest, no par value (the “Common Stock”), of Pioneer Municipal and Equity Income Trust (formerly known as Pioneer Tax Advantaged Balanced Trust) (“PBF”), which has its principal offices at 60 State Street, Boston, MA 02109.
 
Item 4.
Purpose of Transaction
 
Item 4 of the Schedule 13D is supplemented as follows:
 
 On November 16, 2007, the Reporting Person mailed to PBF the letter attached to this Amendment No. 3 as Exhibit 1.
 
Item 7.
Material to be Filed as Exhibits
 
Exhibit No.
  Description
       1.
  Letter from the Reporting Person to PBF, dated November 16, 2007.
 

 

PAGE 3 OF 4

SIGNATURE

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.


DATE:                                November 16, 2007
  
   
 
BULLDOG INVESTORS GENERAL PARTNERSHIP
   
 
By: KIMBALL & WINTHROP, INC., general partner
   
   
 
By: /s/ Phillip Goldstein
 
Name: Phillip Goldstein
 
Title:   President
   
   
   

 
 

 
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