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SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act
of 1934
(Amendment No. )
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by
Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Section 240.14a-11(c) or Section
240.14a-12
Calvert Social Investment Fund
________________________________________________________________________
(Name of Registrant as Specified In Its Charter)
________________________________________________________________________
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), 14a-
6(i)(2) or Item 22(a)(2) of Schedule 14A.
[ ] $500 per each party to the controversy pursuant to Exchange Act
Rule 14a-6(i)(3).
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4)
and 0-11.
1) Title of each class of securities to which transaction
applies:
______________________________________________________
2) Aggregate number of securities to which transaction
applies:
______________________________________________________
3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11 (set forth
the amount on which the filing fee is
calculated and state how it was determined):
______________________________________________________
4) Proposed maximum aggregate value of transaction:
5) Total fee paid:
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[X] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by
Exchange Act Rule 0-11(a)(2) and identify the filing for which
the offsetting fee was paid previously. Identify the previous
filing by registration statement number, or the Form or Schedule
and the date of its filing.
1) Amount Previously Paid:
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4) Date Filed:
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CALVERT
GROUP
4550 Montgomery Avenue
Bethesda, Maryland 20814
(301) 951-4800
March 1996
Dear Investor,
Thank you for investing in Calvert Social Investment Fund Equity
Portfolio. On May 15, 1996 we will hold a special meeting of shareholders
to approve a new Investment Subadvisory Agreement between Calvert Asset
Management Company, Inc. and Loomis, Sayles & Company, L.P.
Loomis, Sayles, the current subadviser for the Equity Portfolio is a
limited partnership, controlled by New England Mutual Life Insurance
Company. Plans are currently underway for The New England to merge into
Metropolitan Life Insurance Company. The Board of Trustees of the Fund
has been advised that the merger of The New England and Metropolitan Life
is anticipated to have no effect on the investment management operation of
Loomis, Sayles.
Under the Investment Company Act of 1940, the merger of The New England
and Metropolitan Life is considered a change of control of Loomis, Sayles
and results in the termination of the current subadvisory agreement
between Loomis, Sayles and CAMCO.
Question 1 requests approval of a new investment subadvisory agreement
between CAMCO and Loomis, Sayles. The new agreement is, in all material
respects, identical to the current subadvisory agreement. The new
subadvisory agreement would take effect at the time of the Merger of The
New England and Metropolitan Life.
We encourage you to vote and return your proxy as soon as possible. If
you have any questions or concerns please call your financial professional
or Calvert at 1-800-368-2750.
Sincerely,
/s/ Clifton S. Sorrell, Jr.
---------------------------
Clifton S. Sorrell, Jr.
President
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