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

                                   FORM N-Q

                   CERTIFIED SHAREHOLDER REPORT OF REGISTERED
                        MANAGEMENT INVESTMENT COMPANIES



  Investment Company Act file number 811-21321


                    Pioneer Municipal High Income Trust
               (Exact name of registrant as specified in charter)


                       60 State Street, Boston, MA 02109
              (Address of principal executive offices) (ZIP code)


            Terrence J Cullen, Pioneer Investment Management, Inc.,
                       60 State Street, Boston, MA 02109
                    (Name and address of agent for service)


Registrant's telephone number, including area code:  (617) 742-7825


Date of fiscal year end:  April 30

Date of reporting period:  January 31, 2012

Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (239.24 and 274.5 of this
chapter), to file reports with the Commission, not later than 60 days after
close of the first and third fiscal quarters, pursuant to Rule 30b1-5under
the Investment Company Act of 1940 (17 CFR 270.30b-5).  The Commission may
use the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q,
and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-Q
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW,
Washington, DC 20549-0609.  The OMB has reviewed this collection of information
under the clearance requirements of 44 U.S.C. ss. 3507.


<PAGE>
ITEM 1. Schedule of Investments.






Principal
Amount
USD $
S&P / Moody's
Ratings
     
Value
 
 
TAX-EXEMPT OBLIGATIONS                                                                                                                                                                                                                                         — 127.0% of Net Assets
 
 
Alabama — 2.2%
 
 
2,500,000
 
B-/B2
 
Alabama Industrial Development Authority Solid Waste Disposal Revenue, 6.45%, 12/1/23
$
2,261,250
 
 
1,000,000
 
NR/NR
 
Huntsville-Redstone Village Special Care Facilities Financing Authority, 5.5%, 1/1/28
 
925,950
 
 
4,500,000
 
NR/NR
 
Huntsville-Redstone Village Special Care Facilities Financing Authority, 5.5%, 1/1/43
 
3,565,710
 
 
           
$
6,752,910
 
 
Arizona — 2.4%
 
 
5,000,000
 
BBB-/Baa3
 
Apache County Industrial Development Authority, 5.85%, 3/1/28
$
5,001,800
 
 
994,000
 
NR/Baa3
 
Pima County Industrial Development Authority, 6.75%, 7/1/31
 
994,398
 
 
950,000
 
NR/Baa3
 
Pima County Industrial Development Authority, 7.25%, 7/1/31
 
952,175
 
 
500,000
 
NR/Baa2
 
Yavapai County Industrial Development Authority, 6.0%, 8/1/33
 
508,005
 
 
           
$
7,456,378
 
 
California — 9.7%
 
 
3,000,000
 
NR/A1
 
ABAG Finance Authority for Nonprofit Corp. Revenue Bonds, 5.75%, 7/1/37
$
3,155,250
 
 
1,000,000
 
NR/NR
 
California Enterprise Development Authority Recovery Zone Facility Revenue, 8.5%, 4/1/31
 
1,064,650
 
 
7,885,000
(a)
AA-/NR
 
California State University Revenue, RIB, 11.126%, 9/20/28 (144A)
 
9,595,178
 
 
3,000,000
 
BB+/NR
 
California Statewide Communities Development Authority, 7.25%, 10/1/38 (144A)
 
3,112,410
 
 
568,006
(b)
NR/NR
 
California Statewide Communities Development Authority Environmental Facilities Revenue, 9.0%, 12/1/38
 
5,504
 
 
5,150,000
AA+/Aaa
 
Golden State Tobacco Securitization Corp., 7.8%, 6/1/42
 
5,651,713
 
 
7,000,000
AA+/Aaa
 
Golden State Tobacco Securitization Corp., 7.875%, 6/1/42
 
7,688,590
 
 
           
$
30,273,295
 
 
Colorado — 1.0%
 
 
2,000,000
 
BBB+/NR
 
Colorado Health Facilities Authority Revenue, 5.25%, 5/15/42
$
1,993,820
 
 
1,000,000
 
NR/NR
 
Kremmling Memorial Hospital District, 7.125%, 12/1/45
 
1,055,510
 
 
           
$
3,049,330
 
 
Connecticut — 6.0%
 
 
10,335,000
(a)
NR/Aaa
 
Connecticut Health & Educational Facilities Authority Revenue, RIB, 11.885%, 8/21/35 (144A)
$
13,715,475
 
 
1,000,000
 
NR/NR
 
Hamden Facility Revenue Bonds, Series 2009A, 7.75%, 1/1/43
 
1,043,060
 
 
5,000,000
 
CCC+/NR
 
Mohegan Tribe Indians Gaming Authority, 6.25%, 1/1/31
 
4,133,650
 
 
           
$
18,892,185
 
 
District Of Columbia — 3.7%
 
 
5,000,000
 
BBB/Baa1
 
District of Columbia Tobacco Settlement Financing Corp., 6.5%, 5/15/33
$
5,417,800
 
 
6,000,000
 
BBB/Baa1
 
District of Columbia Tobacco Settlement Financing Corp., 6.75%, 5/15/40
 
6,070,320
 
 
           
$
11,488,120
 
 
Florida — 7.6%
 
 
1,500,000
 
NR/NR
 
Alachua County Health Facilities Authority Revenue, 8.125%, 11/15/41
$
1,520,685
 
 
1,500,000
 
NR/NR
 
Alachua County Health Facilities Authority Revenue, 8.125%, 11/15/46
 
1,520,685
 
 
1,600,000
 
NR/NR
 
Beacon Lakes Community Development, 6.9%, 5/1/35
 
1,626,656
 
 
1,000,000
 
NR/Ba3
 
Capital Trust Agency Revenue Bonds, 7.75%, 1/1/41
 
1,049,710
 
 
1,000,000
 
NR/NR
 
Florida Development Finance Corp., Educational Facilities Revenue, 6.0%, 9/15/40
 
1,016,050
 
 
2,000,000
 
NR/NR
 
Florida Development Finance Corp., Educational Facilities Revenue, 7.625%, 6/15/41
 
2,095,400
 
 
1,000,000
 
NR/NR
 
Florida Development Finance Corp., Educational Facilities Revenue, 7.75%, 6/15/42
 
1,025,430
 
 
1,000,000
NR/WR
 
Hillsborough County Industrial Development Authority Revenue, 8.0%, 8/15/32
 
1,457,140
 
 
2,330,000
 
NR/NR
 
Liberty County Subordinate Revenue, 8.25%, 7/1/28
 
2,334,707
 
 
2,500,000
 
A-/A2
 
Miami-Dade County Florida Aviation Revenue, 5.5%, 10/1/41
 
2,769,725
 
 
1,000,000
 
NR/NR
 
St. Johns County Industrial Development Authority Revenue, 5.25%, 1/1/26
 
849,060
 
 
2,000,000
 
NR/NR
 
St. Johns County Industrial Development Authority Revenue, 5.375%, 1/1/40
 
1,526,840
 
 
5,000,000
 
NR/Baa1
 
Tallahassee Health Facilities Revenue, 6.375%, 12/1/30
 
5,006,600
 
 
           
$
23,798,688
 
 
Georgia — 2.6%
 
 
4,240,000
(a)
NR/Aa3
 
Atlanta Georgia Water and Wastewater Revenue, RIB, 11.126%, 1/30/13 (144A)
$
4,765,506
 
 
500,000
 
CCC+/NR
 
Clayton County Development Authority Revenue, 9.0%, 6/1/35
 
536,845
 
 
2,400,000
 
NR/NR
 
Fulton County Residential Care Facilities Revenue, 5.0%, 7/1/27
 
1,932,120
 
 
1,100,000
 
NR/NR
 
Fulton County Residential Care Facilities Revenue, 5.125%, 7/1/42
 
792,429
 
 
           
$
8,026,900
 
 
Idaho — 1.6%
 
 
5,000,000
 
BBB+/Baa1
 
Power County Industrial Development Corp., 6.45%, 8/1/32
$
5,005,800
 
 
Illinois — 14.4%
 
 
1,000,000
(b)
NR/NR
 
Illinois Finance Authority Revenue, 6.0%, 11/15/27
$
500,000
 
 
3,865,000
 
BBB+/NR
 
Illinois Finance Authority Revenue, 6.0%, 8/15/38
 
4,134,004
 
 
2,000,000
 
AA+/Aa2
 
Illinois Finance Authority Revenue, 6.0%, 8/15/39
 
2,300,180
 
 
4,000,000
(b)
NR/NR
 
Illinois Finance Authority Revenue, 6.0%, 11/15/39
 
2,000,000
 
 
2,450,000
 
NR/NR
 
Illinois Finance Authority Revenue, 6.375%, 5/15/17
 
2,451,739
 
 
2,500,000
 
NR/Baa2
 
Illinois Finance Authority Revenue, 6.5%, 4/1/39
 
2,724,225
 
 
500,000
 
NR/NR
 
Illinois Finance Authority Revenue, 7.0%, 5/15/18
 
500,305
 
 
1,700,000
 
NR/NR
 
Illinois Finance Authority Revenue, 7.625%, 5/15/25
 
1,717,340
 
 
600,000
 
NR/NR
 
Illinois Finance Authority Revenue, 7.75%, 5/15/30
 
604,986
 
 
2,000,000
 
NR/NR
 
Illinois Finance Authority Revenue, 8.0%, 5/15/40
 
2,018,860
 
 
3,200,000
 
NR/NR
 
Illinois Finance Authority Revenue, 8.0%, 5/15/46
 
3,230,176
 
 
4,000,000
 
NR/NR
 
Illinois Finance Authority Revenue, 8.25%, 5/15/45
 
4,032,520
 
 
2,500,000
 
NR/NR
 
Illinois Finance Authority Revenue, 8.25%, 2/15/46
 
2,498,425
 
 
16,880,000
(c)
AAA/A3
 
Metropolitan Pier & Exposition Authority Dedicated State Tax Revenue, 0.0%, 6/15/22
 
15,169,043
 
 
1,540,000
 
NR/NR
 
Southwestern Illinois Development Authority Revenue, 5.625%, 11/1/26
 
1,153,368
 
 
           
$
45,035,171
 
 
Indiana — 2.0%
 
 
3,000,000
 
A+/A1
 
Indiana Health & Educational Facility Financing Authority Hospital Revenue, 5.0%, 2/15/39
$
3,058,110
 
 
3,570,000
 
NR/NR
 
Vigo County Hospital Authority Revenue, 5.8%, 9/1/47 (144A)
 
3,216,641
 
 
           
$
6,274,751
 
 
Louisiana — 2.1%
 
 
1,500,000
 
BBB-/Baa3
 
Louisiana Local Government Environmental Facilities Revenue, 6.75%, 11/1/32
$
1,619,535
 
 
5,000,000
 
NR/Baa1
 
Louisiana Public Facilities Authority Revenue, 5.5%, 5/15/47
 
5,106,850
 
 
           
$
6,726,385
 
 
Maine — 0.5%
 
 
1,500,000
 
NR/Baa3
 
Maine Health & Higher Educational Facilities Authority Revenue, 7.5%, 7/1/32
$
1,718,115
 
 
Massachusetts — 7.6%
 
 
7,100,000
 
A/WR
 
Massachusetts Development Finance Agency, 5.75%, 1/1/42
$
8,712,907
 
 
2,305,000
 
NR/NR
 
Massachusetts Development Finance Agency, 7.1%, 7/1/32
 
2,063,851
 
 
860,000
 
AA/NR
 
Massachusetts Educational Financing Authority Revenue, 6.0%, 1/1/28
 
993,360
 
 
1,860,000
 
AAA/Aaa
 
Massachusetts Health & Educational Facilities Authority Revenue, 5.5%, 7/1/32
 
2,680,613
 
 
1,000,000
 
NR/Caa1
 
Massachusetts Health & Educational Facilities Authority Revenue, 6.0%, 10/1/23
 
776,810
 
 
3,500,000
NR/NR
 
Massachusetts Health & Educational Facilities Authority Revenue, 6.25%, 7/1/22
 
3,620,680
 
 
4,500,000
(b)
NR/NR
 
Massachusetts Health & Educational Facilities Authority Revenue, 6.5%, 1/15/38
 
44,955
 
 
5,000,000
 
BB-/NR
 
Massachusetts Health & Educational Facilities Authority Revenue, 6.75%, 10/1/33
 
5,050,600
 
 
           
$
23,943,776
 
 
Michigan — 3.1%
 
 
935,000
 
NR/NR
 
Doctor Charles Drew Academy, 5.7%, 11/1/36
$
632,855
 
 
1,500,000
 
BB-/NR
 
John Tolfree Health System Corp., 6.0%, 9/15/23
 
1,320,975
 
 
2,000,000
 
BB+/NR
 
Kent Hospital Finance Authority Revenue, 6.25%, 7/1/40
 
2,025,260
 
 
5,830,000
 
B-/NR
 
Michigan Tobacco Settlement Finance Authority, 6.0%, 6/1/48
 
4,375,648
 
 
1,410,000
 
BBB/NR
 
Star International Academy Certificates of Participation, 6.125%, 3/1/37
 
1,360,100
 
 
           
$
9,714,838
 
 
Minnesota — 0.9%
 
 
1,675,000
 
BB-/NR
 
Duluth Economic Development Authority Health Care Facilities Revenue, 7.25%, 6/15/32
$
1,691,164
 
 
1,000,000
 
NR/NR
 
Port Authority of the City of Bloomington Minnesota Facility Revenue Bonds, 9.0%, 12/1/35
 
1,064,690
 
 
           
$
2,755,854
 
 
Montana — 0.1%
 
 
1,600,000
(b)(d)
NR/NR
 
Two Rivers Authority, Inc., Correctional Facility Improvement Revenue, 7.375%, 11/1/27
$
240,048
 
 
Nebraska — 0.2%
 
 
2,000,000
(b)(d)
NR/NR
 
Grand Island Solid Waste Disposal Facilities Revenue, 7.0%, 6/1/23
$
566,220
 
 
Nevada — 0.0%*
 
 
2,000,000
(b)(d)
NR/NR
 
Nevada State Department of Business & Industry, 7.25%, 1/1/23
$
2,400
 
 
New Jersey — 7.9%
 
 
10,000,000
 
B/B3
 
New Jersey Economic Development Authority Revenue, 6.25%, 9/15/29
$
9,956,900
 
 
6,150,000
(e)
B/B3
 
New Jersey Economic Development Authority Revenue, 7.0%, 11/15/30
 
6,150,246
 
 
8,000,000
AA+/Aaa
 
Tobacco Settlement Financing Corp., 6.75%, 6/1/39
 
8,693,600
 
 
           
$
24,800,746
 
 
New Mexico — 1.2%
 
 
1,500,000
 
NR/NR
 
Otero County New Mexico Project Revenue, 6.0%, 4/1/23
$
1,337,385
 
 
2,960,000
 
NR/NR
 
Otero County New Mexico Project Revenue, 6.0%, 4/1/28
 
2,451,146
 
 
           
$
3,788,531
 
 
New York — 10.1%
 
 
2,000,000
 
NR/NR
 
Chautauqua County Capital Resource Corp. Revenue, 8.0%, 11/15/30
$
2,128,220
 
 
3,000,000
 
NR/NR
 
Dutchess County Industrial Development Agency Revenue, 7.5%, 3/1/29
 
3,034,230
 
 
2,000,000
 
BBB+/NR
 
Hempstead Local Development Corp. Revenue Bonds, 5.75%, 7/1/39
 
2,186,400
 
 
2,050,000
 
NR/NR
 
Nassau County New York Industrial Development Agency Revenue, 6.7%, 1/1/43
 
1,592,092
 
 
2,000,000
 
BB-/B2
 
New York City Industrial Development Agency, 5.25%, 12/1/32
 
1,616,240
 
 
2,000,000
 
BB-/B2
 
New York City Industrial Development Agency, 7.625%, 12/1/32
 
2,001,200
 
 
2,000,000
 
NR/C
 
New York City Industrial Development Agency, 8.0%, 8/1/12
 
1,843,640
 
 
1,000,000
 
NR/Ba1
 
New York State Dormitory Authority Revenue, 6.125%, 12/1/29
 
1,024,080
 
 
7,040,000
(a)
NR/Aaa
 
New York State Dormitory Authority Revenue, RIB, 13.432%, 5/29/14 (144A)
 
10,790,771
 
 
2,750,000
 
BB/NR
 
Seneca Nation Indians Capital Improvement Authority Revenue, 5.25%, 12/1/16 (144A)
 
2,606,697
 
 
3,000,000
 
NR/NR
 
Suffolk County Industrial Development Agency, 7.25%, 1/1/30
 
2,999,580
 
 
           
$
31,823,150
 
 
North Carolina — 2.9%
 
 
4,785,000
 
NR/NR
 
Charlotte North Carolina Special Facilities Revenue, 5.6%, 7/1/27
$
4,171,228
 
 
4,795,000
 
NR/NR
 
Charlotte North Carolina Special Facilities Revenue, 7.75%, 2/1/28
 
4,801,665
 
 
           
$
8,972,893
 
 
Oklahoma — 0.3%
 
 
1,225,000
(b)
NR/NR
 
Tulsa Municipal Airport Revenue, 6.25%, 6/1/20
$
921,004
 
 
Pennsylvania — 2.5%
 
 
1,550,000
 
NR/Baa2
 
Allegheny County Hospital Development Authority Revenue, 5.125%, 5/1/25
$
1,550,186
 
 
1,000,000
 
CC/NR
 
Columbia County Hospital Authority Health Care Revenue, 5.9%, 6/1/29
 
961,640
 
 
665,000
 
BBB+/Baa3
 
Hazleton Health Services Authority Hospital Revenue, 5.625%, 7/1/17
 
665,499
 
 
1,280,000
(b)
NR/NR
 
Langhorne Manor Borough Higher Education & Health Authority Revenue, 7.35%, 7/1/22
 
371,187
 
 
5,000,000
 
B-/Caa2
 
Pennsylvania Economic Development Financing Authority Solid Waste Disposal Revenue, 6.0%, 6/1/31
 
3,939,500
 
 
500,000
 
BBB+/NR
 
Pennsylvania Higher Educational Facilities Authority Revenue, 5.4%, 7/15/36
 
508,575
 
 
           
$
7,996,587
 
 
Rhode Island — 2.0%
 
 
6,000,000
(d)
NR/NR
 
Central Falls Detention Facilities Revenue, 7.25%, 7/15/35
$
4,793,940
 
 
1,500,000
 
NR/NR
 
Rhode Island Health & Educational Building Corp Revenue, 8.375%, 1/1/46
 
1,547,535
 
 
           
$
6,341,475
 
 
South Carolina — 1.3%
 
 
3,185,000
BBB+/Baa1
 
South Carolina Jobs Economic Development Authority Revenue, 6.375%, 8/1/34
$
3,462,923
 
 
665,000
BBB+/Baa1
 
South Carolina Jobs Economic Development Authority Revenue, 6.375%, 8/1/34
 
724,604
 
 
           
$
4,187,527
 
 
Tennessee — 4.7%
 
 
7,000,000
NR/A2
 
Johnson City Health & Educational Facilities Board Hospital Revenue, 7.5%, 7/1/33
$
7,373,450
 
 
2,480,000
 
NR/A1
 
Knox County Health, Educational & Housing Facilities Board Hospital Revenue, 6.375%, 4/15/22
 
2,536,222
 
 
4,600,000
 
BBB+/NR
 
Sullivan County Health, Educational & Housing Facilities Board Hospital Revenue, 5.25%, 9/1/36
 
4,691,632
 
 
           
$
14,601,304
 
 
Texas — 14.6%
 
 
1,345,000
 
NR/B3
 
Bexar County Housing Finance Corp., 8.0%, 12/1/36
$
949,395
 
 
2,500,000
 
BB+/Ba1
 
Central Texas Regional Mobility Authority Revenue, 6.75%, 1/1/41
 
2,620,825
 
 
4,000,000
 
NR/NR
 
Decatur Hospital Authority Revenue, 7.0%, 9/1/25
 
4,049,400
 
 
725,078
(b)(d)
NR/NR
 
Gulf Coast Industrial Development Authority, 7.0%, 12/1/36
 
6,990
 
 
3,750,000
 
B-/B3
 
Houston Airport System Special Facilities Revenue, 5.7%, 7/15/29
 
3,543,975
 
 
5,340,000
 
NR/NR
 
Lubbock Health Facilities Development Corp., 6.625%, 7/1/36
 
5,240,249
 
 
10,000,000
 
BBB+/A3
 
North Texas Tollway Authority Revenue, 5.75%, 1/1/33
 
10,908,000
 
 
2,810,000
(a)
NR/Aaa
 
Northside Independent School District, RIB, 11.669%, 6/15/12 (144A)
 
3,159,705
 
 
1,500,000
 
NR/NR
 
Red River Health Facilities Development Corp., Revenue, 8.0%, 11/15/41
 
1,536,480
 
 
2,000,000
 
NR/NR
 
Tarrant County Cultural Education Facilities Finance Corp., 8.0%, 11/15/34
 
2,061,880
 
 
1,000,000
 
NR/NR
 
Tarrant County Cultural Education Facilities Finance Corp., 8.125%, 11/15/39
 
1,023,370
 
 
1,500,000
 
NR/NR
 
Tarrant County Cultural Education Facilities Finance Corp., 8.25%, 11/15/44
 
1,539,000
 
 
7,040,000
(a)
NR/Aaa
 
Texas State, RIB, 12.64%, 4/1/13 (144A)
 
9,292,518
 
 
           
$
45,931,787
 
 
Vermont — 0.5%
 
 
1,500,000
 
A-/Baa1
 
Vermont Educational & Health Buildings Financing Agency Revenue, 6.0%, 10/1/28
$
1,581,840
 
 
Virginia — 0.3%
 
 
1,000,000
 
BBB/Ba1
 
Peninsula Ports Authority, 6.0%, 4/1/33
$
1,027,090
 
 
Washington — 9.9%
 
 
4,710,000
 
A+/A2
 
Spokane Public Facilities District Hotel/Motel Tax & Sales, 5.75%, 12/1/27
$
5,040,454
 
 
7,025,000
 
BBB/Baa1
 
Tobacco Settlement Authority Revenue, 6.625%, 6/1/32
 
7,307,194
 
 
14,315,000
 
AA+/Aa1
 
Washington State General Obligation, 0.0%, 6/1/22
 
10,931,220
 
 
3,795,000
 
A/A2
 
Washington State Health Care Facilities Authority Revenue, 6.0%, 1/1/33
 
4,175,525
 
 
5,000,000
 
NR/NR
 
Washington State Housing Finance Committee Nonprofit Revenue, 5.625%, 1/1/27
 
3,635,400
 
 
           
$
31,089,793
 
 
West Virginia — 0.3%
 
 
745,000
 
NR/NR
 
West Virginia Hospital Finance Authority Hospital Revenue Bonds, 9.125%, 10/1/41
$
826,808
 
 
Wisconsin — 0.8%
 
 
2,500,000
 
NR/NR
 
Wisconsin Public Finance Authority Continuing Care Retirement Community Revenue, 8.25%, 6/1/46
$
2,622,550
 
         
TOTAL TAX-EXEMPT OBLIGATIONS
(Cost $374,019,744)
$
398,234,249
 
 
MUNICIPAL COLLATERALIZED DEBT OBLIGATION — 2.2% OF NET ASSETS
 
 
10,000,000
(d)(e)
NR/NR
 
Non-Profit Preferred Funding Trust I, 6.75%, 9/15/37 (144A)
$
6,938,500
 
         
TOTAL MUNICIPAL COLLATERALIZED DEBT OBLIGATION
(Cost $10,000,000)
$
6,938,500
 
Shares
         
Value
 
 
COMMON STOCK                                                                                                                                                                                                                              — 0.8%
 
 
Transportation — 0.8%
 
 
251,078
(f)
   
Delta Air Lines, Inc.
$
2,648,873
 
 
         
TOTAL COMMON STOCKS
(Cost $6,612,756)
$
2,648,873
 
         
TOTAL INVESTMENTS IN SECURITIES — 130.0%
(Cost $390,632,500)(g)(h)
$
407,821,622
 
         
OTHER ASSETS AND LIABILITIES — 2.2%
$
6,757,926
 
         
PREFERRED SHARES AT REDEMPTION VALUE, INCLUDING DIVIDENDS PAYABLE — (32.2)%
$
(101,001,172)
 
         
NET ASSETS APPLICABLE TO COMMON SHAREOWNERS — 100.0%
$
313,578,376
 
   
(144A)
Security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers in a transaction exempt from registration. At January 31, 2012, the value of these securities amounted to $67,193,401 or 21.4% of total net assets applicable to common shareowners.
 
NR
Security not rated by S&P or Moody's
 
RIB
Residual Interest Bonds
 
WR
Withdrawn rating
 
Prerefunded bonds have been collateralized by U.S. Treasury or U.S. Government Agency securities which are held in escrow to pay interest and principal on the tax exempt issue and to retire the bonds in full at the earliest refunding date.
 
*
Amount rounds to less than 0.1%.
 
(a)
The interest rate is subject to change periodically and inversely based upon prevailing market rates. The interest rate shown is the coupon rate at January 31, 2012.
 
(b)
Security is in default and is non-income producing.
 
(c)
Debt obligation initially issued at one coupon which converts to a higher coupon at a specific date. The rate shown is the rate at January 31, 2012.
 
(d)
Indicates a security that has been deemed illiquid. The aggregate cost of illiquid securities is $22,082,721. The aggregate fair value of $12,548,098 represents 4.0% of the total net assets applicable to common shareowners.
 
(e)
The interest rate is subject to change periodically.  The interest rate shown is the coupon rate at January 31, 2012.
 
(f)
Non-income producing.
 



 
The concentration of investments by type of obligation/market sector is as follows:
 
         
Insured:
       
 
NATL-RE
    5.1 %
 
FSA
    3.6  
 
AMBAC
    2.9  
 
NATL-RE FGIC
    2.7  
 
PSF-GTD
    0.8  
Revenue Bonds:
       
 
Medical Revenue
    21.7  
 
Other Revenue
    13.5  
 
Tobacco Revenue
    11.3  
 
Health Revenue
    9.9  
 
Development  Revenue
    7.3  
 
Education Revenue
    6.2  
 
Airport Revenue
    6.0  
 
Facilities Revenue
    3.1  
 
Pollution Control Revenue
    3.0  
 
Transportation Revenue
    2.7  
 
Housing Revenue
    0.2  
 
Utilities Revenue**
    0.0  
        100 %
           



             
Various inputs are used in determining the value of the Trust’s investments.
       
These inputs are summarized in the three broad levels listed below.
       
             
Level 1 – quoted prices in active markets for identical securities
       
             
Level 2 – other significant observable inputs (including quoted prices for similar securities,
   
interest rates, prepayment speeds, credit risk, etc.)
           
             
Level 3 – significant unobservable inputs (including the Trust’s own
       
assumptions in determining fair value of investments)
           
             
Generally, equity securities are categorized as Level 1, fixed income securities and senior loans
   
are categorized as Level 2 and securities valued using fair value
       
methods (other than prices supplied by independent pricing services) are categorized as Level 3.
   
             
             
   
Level 1
 
Level 2
Level 3
Total
Tax exempt obligations
  $—   $398,234,249 $— $398,234,249
Municipal collateralized debt obligation
 
 
6,938,500
6,938,500
Common stocks
 
2,648,873
 
2,648,873
Total
  $2,648,873   $405,172,749 $— $407,821,622



ITEM 2. CONTROLS AND PROCEDURES. (a) Disclose the conclusions of the registrant's principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, about the effectiveness of the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a-3(c))) as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR270.30a-3(b))) and Rule 13a-15(b) or 15d-15(b) under the Exchange Act (17 CFR240.13a-15(b) or 240.15d-15(b)). The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report. (b) Disclose any change in the registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR270.30a-3(d)) that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. There were no significant changes in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. (a) A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2 under the Act (17 CFR 270.30a-2). Filed herewith. <PAGE> SIGNATURES [See General Instruction F] Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) Pioneer Municipal High Income Trust By (Signature and Title)* /s/ John F. Cogan, Jr. John F. Cogan, Jr, President Date March 30, 2012 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By (Signature and Title)* /s/ John F. Cogan, Jr. John F. Cogan, Jr., President Date March 30, 2012 By (Signature and Title)* /s/ Mark Bradley Mark Bradley, Treasurer Date March 30, 2012 * Print the name and title of each signing officer under his or her signature.