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Supplement dated July 27, 1999 to
New England Funds
Statement of Additional Information - Part II dated May 3, 1999
The section entitled "MISCELLANEOUS INVESTMENT PRACTICES" is amended for the Funds listed below as follows:
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STRATEGIC INCOME FUND BOND INCOME FUND
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Equity Securities Equity Securities
When-issued Securities Mortgage-backed Securities
Asset-backed Securities Asset-backed Securities
Collateralized Mortgage Obligations Collateralized Mortgage Obligations
Repurchase Agreements When-issued Securities
When-issued Securities Convertible Securities
Foreign Currency Hedging Transactions Securities of Emerging Markets
Investments in Closed-End Investment Companies Foreign Currency Hedging Transactions
Futures, Options and Swap Contracts Illiquid Securities (including Rule 144A Securities)
Short Sales Loans of Portfolio Securities
Illiquid Securities (including Rule 144A Securities) Short-term Investments
Loans of Portfolio Securities Money Market Instruments
Borrowing/Reverse Repurchase Agreements
Short-term Investments
Money Market Instruments
BULLSEYE FUND INTERNATIONAL EQUITY FUND
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Equity Securities U.S. Equity Securities
U.S. Government Securities U.S. Government Securities
Repurchase Agreements U.S. Corporate Fixed Income Securities
When-issued Securities Lower-quality U.S. Fixed Income Securities
Foreign Securities (Global Markets, Supranational agencies) Repurchase Agreements
Securities of Emerging Markets Zero Coupon Securities
Foreign Currency Hedging Transactions When-issued Securities
Futures, Options and Swap Contracts Foreign Securities (Depository Receipts)
Short Sales Against the Box Foreign Currency Hedging Transactions
Illiquid Securities (including Rule 144A Securities) Investments in Other Investment Companies
Loans of Portfolio Securities Futures, Options and Swap Contracts
Borrowing/Reverse Repurchase Agreements Short Sales Against the Box
Short Term Investments Illiquid Securities (including Rule 144A Securities)
Money Market Instruments Loans of Portfolio Securities
Borrowing/Reverse Repurchase Agreements
Short-term Investments
Money Market Instruments
GROWTH FUND GROWTH AND INCOME FUND
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Equity Securities Equity Securities
Corporate Fixed Income Securities (investment grade) Corporate Fixed Income Securities (investment grade)
U.S. Government Securities U.S. Government Securities
Repurchase Agreements Zero Coupon Securities
Zero Coupon Securities Repurchase Agreements
Convertible Securities Convertible Securities
Futures, Options and Swap Contracts Foreign Securities (Global Markets, Supranational agencies)
Short Sales Against the Box Foreign Currency Hedging Transactions
Illiquid Securities (including Rule 144A Securities) Investments in Other Investment Companies
Borrowing/Reverse Repurchase Agreements Futures, Options and Swap Contracts
Short-term Investments Short Sales Against the Box
Money Market Instruments Illiquid Securities (including Rule 144A Securities)
Loans of Portfolio Securities
Borrowing/Reverse Repurchase Agreements
Short-term Investments
Money Market Instruments
CAPITAL GROWTH FUND BALANCED FUND
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Equity Securities Equity Securities
Corporate Fixed Income Securities (investment grade) Non-Convertible Preferred Stock
U.S. Government Securities Lower Quality Corporate Fixed Income Securities
Repurchase Agreements Repurchase Agreements
Zero Coupon Securities Convertible Securities
Convertible Securities Investments in Other Investment Companies
Foreign Securities (Global Markets, Supranational agencies, Foreign Currency Hedging Transactions
Depository receipts) Futures, Options, and Swap Contracts
Foreign Currency Hedging Transactions Short Sales Against the Box
Investments in Other Investment Companies Illiquid Securities (including Rule 144A Securities)
Futures, Options, and Swap Contracts Loans of Portfolio Securities
Short Sales Against the Box Borrowing/Reverse Repurchase Agreements
Illiquid Securities (including Rule 144A Securities) Short-term Investments
Loans of Portfolio Securities Money Market Instruments
Borrowing/Reverse Repurchase Agreements
Short-term Investments
Money Market Instruments
VALUE FUND EQUITY INCOME FUND
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Equity Securities Equity Securities
Corporate Fixed Income Securities (investment grade) Corporate Fixed Income Securities (investment grade)
U.S. Government Securities Lower Quality Corporate Fixed Income Securities
Repurchase Agreements U.S. Government Securities
Zero Coupon Securities Zero Coupon Securities
Convertible Securities Convertible Bonds
Foreign Currency Hedging Transactions Foreign Securities (Global Markets)
Investments in Other Investment Companies Securities of Emerging Markets
Futures, Options, and Swap Contracts Foreign Currency Hedging Transactions
Short Sales Against the Box Investments in Other Investment Companies
Illiquid Securities (including Rule 144A Securities) Futures, Options and Swap Contracts
Loans of Portfolio Securities Short Sales Against the Box
Borrowing/ Reverse Repurchase Agreements Illiquid Securities (including Rule 144A Securities)
Short-term Investments Loans of Portfolio Securities
Money Market Instruments Borrowing/Reverse Repurchase Agreements
Short-term Investments
Money Market Instruments
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SP90-0799
