PIONEER FLOATING RATE TRUST
                                 60 State Street
                                Boston, MA 02109

                                 (617) 742-7825


December 20, 2004

VIA ELECTRONIC SUBMISSION

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Re:      Pioneer Floating Rate Trust
         Request for acceleration of effective date of
         Registration Statement on Form N-2
         (File Nos. 333-119731 and 811-21654)        _


Ladies and Gentlemen:

Pursuant to Rule 461 of Regulation C under the Securities  Act of 1933,  Pioneer
Floating Rate Trust (the  "Registrant")  hereby requests that the effective date
of the Registrant's  Registration  Statement on Form N-2 (File Nos.  333-119731;
811-21654) be accelerated  to 2:00 p.m.  (Eastern time) on December 22, 2004, or
as soon thereafter as possible.



                             PIONEER FLOATING RATE TRUST


                             By:        /s/ Christopher J. Kelley
                             Name:     Christopher J. Kelley
                             Title:    Assistant Secretary