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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. 2)

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Pioneer Tax Advantaged Balanced Trust

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(Name of Issuer)

Common Stock

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(Title of Class of Securities)

72388R101

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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

23^rd 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)

October 30, 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. 72388R101
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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. 2 amends the Schedule 13D filed September 7, 2007 (the “Schedule 13D”), as amended by Amendment No. 1 filed October 30, 2007, and is filed by Bulldog Investors General Partnership (the “Reporting Person”), with respect to the Common Stock of PBF. Capitalized terms used herein but not defined herein shall have the meanings attributed to them in the Schedule 13D.

Item 4. Purpose of Transaction

Item 4 of the Schedule 13D is supplemented as follows: On October 30, 2007, the Reporting Person commenced a tender offer (the "Tender Offer") to purchase up to 1,500,000 shares of Common Stock of PBF from each of the shareholders of PBF upon the terms and subject to the conditions set forth in the Offer to Purchase, dated October 30, 2007, and in the related Letter of Transmittal, as each may be supplemented or amended from time to time (see the Schedule TO and Exhibits thereto filed by the Reporting Person on October 31, 2007).

Item 7. Material to be Filed as Exhibits

Exhibit No. 1.	Description Press Release, issued October 30, 2007, announcing the commencement of the Tender Offer.

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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 6, 2007

	BULLDOG INVESTORS GENERAL PARTNERSHIP


	By: KIMBALL & WINTHROP, INC., general partner

	By: /s/ Phillip Goldstein
	Name: Phillip Goldstein
	Title: President

PAGE 4 OF 4

PIONEER TAX ADVANTAGED BALANCED TRUST SC 13D/A