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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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<PAGE> PAGE 13
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<PAGE> PAGE 18
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062 E000500 0.0
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062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
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<PAGE> PAGE 20
062 L000500 0.0
062 M000500 5.7
062 N000500 10.3
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062 P000500 80.2
062 Q000500 2.5
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071 A000500 47280
071 B000500 52302
071 C000500 79579
071 D000500 119
072 A000500 12
072 B000500 5660
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072 E000500 0
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072 G000500 35
072 H000500 0
074 N000500 77254
074 O000500 0
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074 R040500 282
074 S000500 0
074 T000500 76965
074 U010500 10370
074 U020500 542
074 V010500 7.01
074 V020500 7.00
074 W000500 0.0000
074 X000500 2530
074 Y000500 0
075 A000500 0
075 B000500 85998
008 A000601 NVEST FUNDS MANAGEMENT, L.P.
008 B000601 A
008 C000601 801-48408
008 D010601 BOSTON
008 D020601 MA
008 D030601 02116
008 A000602 BACK BAY ADVISORS, L.P.
008 B000602 S
008 C000602 801-27694
008 D010602 BOSTON
008 D020602 MA
008 D030602 02116
013 A000601 PRICEWATERHOUSECOOPERS LLP
<PAGE> PAGE 21
013 B010601 BOSTON
013 B020601 MA
013 B030601 02110
024 000600 N
025 A000601 DELETE
025 D000601 0
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 862
028 A020600 102
028 A030600 0
028 A040600 740
028 B010600 1680
028 B020600 121
028 B030600 0
028 B040600 1114
028 C010600 652
028 C020600 124
028 C030600 0
028 C040600 1712
028 D010600 876
028 D020600 115
028 D030600 0
028 D040600 1084
028 E010600 2591
028 E020600 116
028 E030600 0
028 E040600 1052
028 F010600 603
028 F020600 116
028 F030600 0
028 F040600 3790
028 G010600 7264
028 G020600 694
028 G030600 0
028 G040600 9492
028 H000600 1342
029 000600 Y
030 A000600 21
030 B000600 2.50
030 C000600 0.00
031 A000600 9
031 B000600 0
032 000600 4
033 000600 8
034 000600 Y
<PAGE> PAGE 22
035 000600 5
036 A000600 Y
036 B000600 0
037 000600 N
038 000600 0
039 000600 N
040 000600 Y
041 000600 Y
042 A000600 0
042 B000600 0
042 C000600 100
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 91
044 000600 0
055 A000600 Y
055 B000600 N
056 000600 N
057 000600 N
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 99.7
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
071 A000600 24052
071 B000600 26782
071 C000600 45391
071 D000600 106
072 A000600 12
072 B000600 2620
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 244
072 G000600 24
<PAGE> PAGE 23
072 H000600 0
074 A000600 73
074 B000600 0
074 C000600 0
074 D000600 43339
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 761
074 M000600 0
074 N000600 44173
074 O000600 0
074 P000600 16
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 674
074 S000600 0
074 T000600 43483
074 U010600 4849
074 U020600 1078
074 V010600 7.34
074 V020600 7.32
074 W000600 0.0000
074 X000600 675
074 Y000600 2063
075 A000600 0
075 B000600 46416
076 000600 0.00
013 A000701 DELETE
030 A000700 0
030 B000700 0.00
030 C000700 0.00
031 A000700 0
031 B000700 0
032 000700 0
033 000700 0
035 000700 0
036 B000700 0
038 000700 0
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
<PAGE> PAGE 24
042 G000700 0
042 H000700 0
043 000700 0
044 000700 0
048 000700 0.000
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
061 000700 0
071 A000700 0
071 B000700 0
071 C000700 0
071 D000700 0
072 A000700 0
072 B000700 0
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 0
072 G000700 0
072 H000700 0
072 I000700 0
072 J000700 0
072 K000700 0
072 L000700 0
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<PAGE> PAGE 25
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 0
072 X000700 0
072 Y000700 0
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072AA000700 0
072BB000700 0
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072DD010700 0
072DD020700 0
072EE000700 0
073 A010700 0.0000
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073 C000700 0.0000
028 A011800 0
028 A021800 0
028 A031800 0
028 A041800 0
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028 B021800 0
028 B031800 0
028 B041800 0
028 C011800 0
028 C021800 0
028 C031800 0
028 C041800 0
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028 D031800 0
028 D041800 0
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028 E021800 0
028 E031800 0
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<PAGE> PAGE 26
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048 K022200 0.000
SIGNATURE SCOTT FITZHENRY
TITLE A.V.P. FUND ADMIN.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 011
<NAME> NVEST GROWTH OPPORTUNITIES FUND CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 602,194,235
<INVESTMENTS-AT-VALUE> 633,616,992
<RECEIVABLES> 1,496,704
<ASSETS-OTHER> 706
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 635,114,402
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,621,891
<TOTAL-LIABILITIES> 1,621,891
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 586,575,535
<SHARES-COMMON-STOCK> 24,499,092
<SHARES-COMMON-PRIOR> 18,350,323
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (21,416)
<ACCUMULATED-NET-GAINS> 15,515,635
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 31,422,757
<NET-ASSETS> 633,492,511
<DIVIDEND-INCOME> 9,119,908
<INTEREST-INCOME> 559,750
<OTHER-INCOME> 0
<EXPENSES-NET> 8,680,977
<NET-INVESTMENT-INCOME> 998,681
<REALIZED-GAINS-CURRENT> 100,407,049
<APPREC-INCREASE-CURRENT> (52,996,051)
<NET-CHANGE-FROM-OPS> 48,409,679
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,105,842
<DISTRIBUTIONS-OF-GAINS> 57,051,170
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,472,939
<NUMBER-OF-SHARES-REDEEMED> 8,811,484
<SHARES-REINVESTED> 3,487,314
<NET-CHANGE-IN-ASSETS> 6,148,769
<ACCUMULATED-NII-PRIOR> 101,283
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 59,970
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,843,930
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,680,977
<AVERAGE-NET-ASSETS> 350,622,000
<PER-SHARE-NAV-BEGIN> 16.57
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> 1.40
<PER-SHARE-DIVIDEND> 0.06
<PER-SHARE-DISTRIBUTIONS> 2.66
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.33
<EXPENSE-RATIO> 1.21
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 012
<NAME> NVEST GROWTH OPPORTUNITIES FUND CLASS B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 602,194,235
<INVESTMENTS-AT-VALUE> 633,616,992
<RECEIVABLES> 1,496,704
<ASSETS-OTHER> 706
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 635,114,402
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,621,891
<TOTAL-LIABILITIES> 1,621,891
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 586,575,535
<SHARES-COMMON-STOCK> 14,403,377
<SHARES-COMMON-PRIOR> 9,371,366
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (21,416)
<ACCUMULATED-NET-GAINS> 15,515,635
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 31,422,757
<NET-ASSETS> 633,492,511
<DIVIDEND-INCOME> 9,119,908
<INTEREST-INCOME> 559,750
<OTHER-INCOME> 0
<EXPENSES-NET> 8,680,977
<NET-INVESTMENT-INCOME> 998,681
<REALIZED-GAINS-CURRENT> 100,407,049
<APPREC-INCREASE-CURRENT> (52,996,051)
<NET-CHANGE-FROM-OPS> 48,409,679
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 33,147,376
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,249,461
<NUMBER-OF-SHARES-REDEEMED> 2,288,012
<SHARES-REINVESTED> 2,070,562
<NET-CHANGE-IN-ASSETS> 5,032,011
<ACCUMULATED-NII-PRIOR> 101,283
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 59,970
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,843,930
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,680,977
<AVERAGE-NET-ASSETS> 195,385,200
<PER-SHARE-NAV-BEGIN> 16.37
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 1.36
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 2.66
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.03
<EXPENSE-RATIO> 1.96
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 013
<NAME> NVEST GROWTH OPPORTUNITIES FUND CLASS C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 602,194,235
<INVESTMENTS-AT-VALUE> 633,616,992
<RECEIVABLES> 1,496,704
<ASSETS-OTHER> 706
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 635,114,402
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,621,891
<TOTAL-LIABILITIES> 1,621,891
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 586,575,535
<SHARES-COMMON-STOCK> 1,797,724
<SHARES-COMMON-PRIOR> 1,118,714
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (21,416)
<ACCUMULATED-NET-GAINS> 15,515,635
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 31,422,757
<NET-ASSETS> 633,492,511
<DIVIDEND-INCOME> 9,119,908
<INTEREST-INCOME> 559,750
<OTHER-INCOME> 0
<EXPENSES-NET> 8,680,977
<NET-INVESTMENT-INCOME> 998,681
<REALIZED-GAINS-CURRENT> 100,407,049
<APPREC-INCREASE-CURRENT> (52,996,051)
<NET-CHANGE-FROM-OPS> 48,409,679
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 4,191,359
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 999,688
<NUMBER-OF-SHARES-REDEEMED> 568,351
<SHARES-REINVESTED> 247,673
<NET-CHANGE-IN-ASSETS> 679,010
<ACCUMULATED-NII-PRIOR> 101,283
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 59,970
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,843,930
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,680,977
<AVERAGE-NET-ASSETS> 24,466,300
<PER-SHARE-NAV-BEGIN> 16.35
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 1.36
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 2.66
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.01
<EXPENSE-RATIO> 1.96
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 014
<NAME> NVEST GROWTH OPPORTUNITIES FUND CLASS Y
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 602,194,235
<INVESTMENTS-AT-VALUE> 633,616,992
<RECEIVABLES> 1,496,704
<ASSETS-OTHER> 706
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 635,114,402
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,621,891
<TOTAL-LIABILITIES> 1,621,891
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 586,575,535
<SHARES-COMMON-STOCK> 936,176
<SHARES-COMMON-PRIOR> 46
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (21,416)
<ACCUMULATED-NET-GAINS> 15,515,635
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 31,422,757
<NET-ASSETS> 633,492,511
<DIVIDEND-INCOME> 9,119,908
<INTEREST-INCOME> 559,750
<OTHER-INCOME> 0
<EXPENSES-NET> 8,680,977
<NET-INVESTMENT-INCOME> 998,681
<REALIZED-GAINS-CURRENT> 100,407,049
<APPREC-INCREASE-CURRENT> (52,996,051)
<NET-CHANGE-FROM-OPS> 48,409,679
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 58,320
<DISTRIBUTIONS-OF-GAINS> 2,192,903
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 972,875
<NUMBER-OF-SHARES-REDEEMED> 184,433
<SHARES-REINVESTED> 147,688
<NET-CHANGE-IN-ASSETS> 936,130
<ACCUMULATED-NII-PRIOR> 101,283
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 59,970
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,843,930
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,680,977
<AVERAGE-NET-ASSETS> 11,848,167
<PER-SHARE-NAV-BEGIN> 16.57
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 1.51
<PER-SHARE-DIVIDEND> 0.08
<PER-SHARE-DISTRIBUTIONS> 2.66
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.36
<EXPENSE-RATIO> 0.96
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 021
<NAME> NVEST HIGH INCOME FUND CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 169,440,580
<INVESTMENTS-AT-VALUE> 152,565,014
<RECEIVABLES> 2,406,076
<ASSETS-OTHER> 32
<OTHER-ITEMS-ASSETS> 12,974,620
<TOTAL-ASSETS> 167,945,742
<PAYABLE-FOR-SECURITIES> 197,812
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,803,303
<TOTAL-LIABILITIES> 14,001,115
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 177,691,297
<SHARES-COMMON-STOCK> 8,988,448
<SHARES-COMMON-PRIOR> 8,245,626
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (344,417)
<ACCUMULATED-NET-GAINS> (6,526,687)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (16,875,566)
<NET-ASSETS> 153,944,627
<DIVIDEND-INCOME> 2,158,257
<INTEREST-INCOME> 15,640,977
<OTHER-INCOME> 21,856
<EXPENSES-NET> 2,567,708
<NET-INVESTMENT-INCOME> 15,253,382
<REALIZED-GAINS-CURRENT> (5,350,213)
<APPREC-INCREASE-CURRENT> (4,841,831)
<NET-CHANGE-FROM-OPS> 5,061,338
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7,989,009
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,776,755
<NUMBER-OF-SHARES-REDEEMED> 2,630,575
<SHARES-REINVESTED> 596,642
<NET-CHANGE-IN-ASSETS> 742,822
<ACCUMULATED-NII-PRIOR> 93,225
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 342,653
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,085,124
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,567,708
<AVERAGE-NET-ASSETS> 76,457,200
<PER-SHARE-NAV-BEGIN> 8.86
<PER-SHARE-NII> 0.89
<PER-SHARE-GAIN-APPREC> (0.54)
<PER-SHARE-DIVIDEND> 0.90
<PER-SHARE-DISTRIBUTIONS> 0.01
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.30
<EXPENSE-RATIO> 1.28
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 022
<NAME> NVEST HIGH INCOME FUND CLASS B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 169,440,580
<INVESTMENTS-AT-VALUE> 152,565,014
<RECEIVABLES> 2,406,076
<ASSETS-OTHER> 32
<OTHER-ITEMS-ASSETS> 12,974,620
<TOTAL-ASSETS> 167,945,742
<PAYABLE-FOR-SECURITIES> 197,812
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,803,303
<TOTAL-LIABILITIES> 14,001,115
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 177,691,297
<SHARES-COMMON-STOCK> 8,455,155
<SHARES-COMMON-PRIOR> 6,813,034
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<ACCUMULATED-NET-GAINS> (6,526,687)
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<ACCUM-APPREC-OR-DEPREC> (16,875,566)
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<EXPENSES-NET> 2,567,708
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<REALIZED-GAINS-CURRENT> (5,350,213)
<APPREC-INCREASE-CURRENT> (4,841,831)
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<DISTRIBUTIONS-OF-INCOME> 6,705,022
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 3,309,644
<NUMBER-OF-SHARES-REDEEMED> 1,975,114
<SHARES-REINVESTED> 307,591
<NET-CHANGE-IN-ASSETS> 1,642,121
<ACCUMULATED-NII-PRIOR> 93,225
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 342,653
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,085,124
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,567,708
<AVERAGE-NET-ASSETS> 68,994,500
<PER-SHARE-NAV-BEGIN> 8.85
<PER-SHARE-NII> 0.82
<PER-SHARE-GAIN-APPREC> (0.53)
<PER-SHARE-DIVIDEND> 0.83
<PER-SHARE-DISTRIBUTIONS> 0.01
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.30
<EXPENSE-RATIO> 2.03
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUND TRUST 2
<SERIES>
<NUMBER> 023
<NAME> NVEST HIGH INCOME FUND CLASS C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 169,440,580
<INVESTMENTS-AT-VALUE> 152,565,014
<RECEIVABLES> 2,406,076
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<OTHER-ITEMS-ASSETS> 12,974,620
<TOTAL-ASSETS> 167,945,742
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,803,303
<TOTAL-LIABILITIES> 14,001,115
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 177,691,297
<SHARES-COMMON-STOCK> 1,100,862
<SHARES-COMMON-PRIOR> 873,422
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (344,417)
<ACCUMULATED-NET-GAINS> (6,526,687)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (16,875,566)
<NET-ASSETS> 153,944,627
<DIVIDEND-INCOME> 2,158,257
<INTEREST-INCOME> 15,640,977
<OTHER-INCOME> 21,856
<EXPENSES-NET> 2,567,708
<NET-INVESTMENT-INCOME> 15,253,382
<REALIZED-GAINS-CURRENT> (5,350,213)
<APPREC-INCREASE-CURRENT> (4,841,831)
<NET-CHANGE-FROM-OPS> 5,061,338
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 929,921
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 490,356
<NUMBER-OF-SHARES-REDEEMED> 325,690
<SHARES-REINVESTED> 62,774
<NET-CHANGE-IN-ASSETS> 227,440
<ACCUMULATED-NII-PRIOR> 93,225
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 342,653
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,085,124
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,567,708
<AVERAGE-NET-ASSETS> 9,568,400
<PER-SHARE-NAV-BEGIN> 8.85
<PER-SHARE-NII> 0.82
<PER-SHARE-GAIN-APPREC> (0.53)
<PER-SHARE-DIVIDEND> 0.83
<PER-SHARE-DISTRIBUTIONS> 0.01
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.30
<EXPENSE-RATIO> 2.03
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 031
<NAME> NVEST MA TAX FREE INCOME FUND CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 106,880,530
<INVESTMENTS-AT-VALUE> 105,963,084
<RECEIVABLES> 1,894,807
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,720,543
<TOTAL-LIABILITIES> 1,720,543
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 111,008,386
<SHARES-COMMON-STOCK> 6,283,432
<SHARES-COMMON-PRIOR> 6,693,020
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (30,379)
<ACCUMULATED-NET-GAINS> (3,916,656)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (917,446)
<NET-ASSETS> 106,143,905
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,094,457
<OTHER-INCOME> 0
<EXPENSES-NET> 1,236,891
<NET-INVESTMENT-INCOME> 5,857,566
<REALIZED-GAINS-CURRENT> (1,501,419)
<APPREC-INCREASE-CURRENT> (9,260,469)
<NET-CHANGE-FROM-OPS> (4,904,322)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,480,730
<DISTRIBUTIONS-OF-GAINS> 223,833
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 663,953
<NUMBER-OF-SHARES-REDEEMED> 1,324,332
<SHARES-REINVESTED> 250,791
<NET-CHANGE-IN-ASSETS> (409,588)
<ACCUMULATED-NII-PRIOR> 3,547
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 26,502
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 690,093
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,600,311
<AVERAGE-NET-ASSETS> 108,787,143
<PER-SHARE-NAV-BEGIN> 17.02
<PER-SHARE-NII> 0.82
<PER-SHARE-GAIN-APPREC> (1.50)
<PER-SHARE-DIVIDEND> 0.83
<PER-SHARE-DISTRIBUTIONS> 0.03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.48
<EXPENSE-RATIO> 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 032
<NAME> NVEST MA TAX FREE INCOME FUND CLASS B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 106,880,530
<INVESTMENTS-AT-VALUE> 105,963,084
<RECEIVABLES> 1,894,807
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 107,864,448
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<OTHER-ITEMS-LIABILITIES> 1,720,543
<TOTAL-LIABILITIES> 1,720,543
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 111,008,386
<SHARES-COMMON-STOCK> 574,407
<SHARES-COMMON-PRIOR> 531,414
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (30,379)
<ACCUMULATED-NET-GAINS> (3,916,656)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (917,446)
<NET-ASSETS> 106,143,905
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,094,457
<OTHER-INCOME> 0
<EXPENSES-NET> 1,236,891
<NET-INVESTMENT-INCOME> 5,857,566
<REALIZED-GAINS-CURRENT> (1,501,419)
<APPREC-INCREASE-CURRENT> (9,260,469)
<NET-CHANGE-FROM-OPS> (4,904,322)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 397,448
<DISTRIBUTIONS-OF-GAINS> 19,810
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 129,045
<NUMBER-OF-SHARES-REDEEMED> 104,697
<SHARES-REINVESTED> 18,645
<NET-CHANGE-IN-ASSETS> 42,993
<ACCUMULATED-NII-PRIOR> 3,547
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 26,502
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 690,093
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,600,311
<AVERAGE-NET-ASSETS> 9,031,400
<PER-SHARE-NAV-BEGIN> 16.98
<PER-SHARE-NII> 0.71
<PER-SHARE-GAIN-APPREC> (1.49)
<PER-SHARE-DIVIDEND> 0.72
<PER-SHARE-DISTRIBUTIONS> 0.03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.45
<EXPENSE-RATIO> 1.65
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST II
<SERIES>
<NUMBER> 041
<NAME> NVEST LIMITED TERM GOVERNMENT FUND CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 183,581,343
<INVESTMENTS-AT-VALUE> 179,288,030
<RECEIVABLES> 25,007,254
<ASSETS-OTHER> 3,291
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<TOTAL-ASSETS> 204,298,575
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
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<TOTAL-LIABILITIES> 23,801,622
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 231,470,560
<SHARES-COMMON-STOCK> 13,653,432
<SHARES-COMMON-PRIOR> 16,579,864
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 104,851
<ACCUMULATED-NET-GAINS> (46,785,145)
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<ACCUM-APPREC-OR-DEPREC> (4,293,313)
<NET-ASSETS> 180,496,953
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,057,093
<OTHER-INCOME> 37,792
<EXPENSES-NET> 2,924,947
<NET-INVESTMENT-INCOME> 12,169,938
<REALIZED-GAINS-CURRENT> (9,210,131)
<APPREC-INCREASE-CURRENT> (4,766,837)
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 9,933,189
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,310,455
<NUMBER-OF-SHARES-REDEEMED> 7,948,175
<SHARES-REINVESTED> 711,288
<NET-CHANGE-IN-ASSETS> (2,926,432)
<ACCUMULATED-NII-PRIOR> (158,555)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 291,326
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,351,488
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,924,947
<AVERAGE-NET-ASSETS> 173,010,571
<PER-SHARE-NAV-BEGIN> 11.70
<PER-SHARE-NII> 0.66
<PER-SHARE-GAIN-APPREC> (0.74)
<PER-SHARE-DIVIDEND> 0.65
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.97
<EXPENSE-RATIO> 1.33
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 042
<NAME> NVEST LIMITED TERM US GOV'T FUND CLASS B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 183,581,343
<INVESTMENTS-AT-VALUE> 179,288,030
<RECEIVABLES> 25,007,254
<ASSETS-OTHER> 3,291
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 204,298,575
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23,801,622
<TOTAL-LIABILITIES> 23,801,622
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 231,470,560
<SHARES-COMMON-STOCK> 1,333,085
<SHARES-COMMON-PRIOR> 1,550,128
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 104,851
<ACCUMULATED-NET-GAINS> (46,785,145)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,293,313)
<NET-ASSETS> 180,496,953
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,057,093
<OTHER-INCOME> 37,792
<EXPENSES-NET> 2,924,947
<NET-INVESTMENT-INCOME> 12,169,938
<REALIZED-GAINS-CURRENT> (9,210,131)
<APPREC-INCREASE-CURRENT> (4,766,837)
<NET-CHANGE-FROM-OPS> (1,807,030)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 840,673
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 470,492
<NUMBER-OF-SHARES-REDEEMED> 751,056
<SHARES-REINVESTED> 63,521
<NET-CHANGE-IN-ASSETS> (217,043)
<ACCUMULATED-NII-PRIOR> (158,555)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 291,326
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,351,488
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,924,947
<AVERAGE-NET-ASSETS> 16,476,300
<PER-SHARE-NAV-BEGIN> 11.69
<PER-SHARE-NII> 0.59
<PER-SHARE-GAIN-APPREC> (0.75)
<PER-SHARE-DIVIDEND> 0.58
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.95
<EXPENSE-RATIO> 1.98
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 043
<NAME> NVEST LIMITED TERM US GOV'T FUND CLASS C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 183,581,343
<INVESTMENTS-AT-VALUE> 179,288,030
<RECEIVABLES> 25,007,254
<ASSETS-OTHER> 3,291
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 204,298,575
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23,801,622
<TOTAL-LIABILITIES> 23,801,622
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 231,470,560
<SHARES-COMMON-STOCK> 826,119
<SHARES-COMMON-PRIOR> 1,193,717
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 104,851
<ACCUMULATED-NET-GAINS> (46,785,145)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,293,313)
<NET-ASSETS> 180,496,953
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,057,093
<OTHER-INCOME> 37,792
<EXPENSES-NET> 2,924,947
<NET-INVESTMENT-INCOME> 12,169,938
<REALIZED-GAINS-CURRENT> (9,210,131)
<APPREC-INCREASE-CURRENT> (4,766,837)
<NET-CHANGE-FROM-OPS> (1,807,030)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 573,411
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,004,195
<NUMBER-OF-SHARES-REDEEMED> 2,411,539
<SHARES-REINVESTED> 39,746
<NET-CHANGE-IN-ASSETS> (367,598)
<ACCUMULATED-NII-PRIOR> (158,555)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 291,326
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,351,488
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,924,947
<AVERAGE-NET-ASSETS> 11,291,000
<PER-SHARE-NAV-BEGIN> 11.70
<PER-SHARE-NII> 0.59
<PER-SHARE-GAIN-APPREC> (0.75)
<PER-SHARE-DIVIDEND> 0.58
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.96
<EXPENSE-RATIO> 1.98
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST2
<SERIES>
<NUMBER> 044
<NAME> NVEST LIMITED TERM US GOV'T FUND CLASS Y
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 183,581,343
<INVESTMENTS-AT-VALUE> 179,288,030
<RECEIVABLES> 25,007,254
<ASSETS-OTHER> 3,291
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<TOTAL-ASSETS> 204,298,575
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23,801,622
<TOTAL-LIABILITIES> 23,801,622
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<PAID-IN-CAPITAL-COMMON> 231,470,560
<SHARES-COMMON-STOCK> 644,201
<SHARES-COMMON-PRIOR> 711,239
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 104,851
<ACCUMULATED-NET-GAINS> (46,785,145)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,293,313)
<NET-ASSETS> 180,496,953
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,057,093
<OTHER-INCOME> 37,792
<EXPENSES-NET> 2,924,947
<NET-INVESTMENT-INCOME> 12,169,938
<REALIZED-GAINS-CURRENT> (9,210,131)
<APPREC-INCREASE-CURRENT> (4,766,837)
<NET-CHANGE-FROM-OPS> (1,807,030)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 460,940
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 131,028
<NUMBER-OF-SHARES-REDEEMED> 238,738
<SHARES-REINVESTED> 40,672
<NET-CHANGE-IN-ASSETS> (67,038)
<ACCUMULATED-NII-PRIOR> (158,555)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 291,326
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,351,488
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,924,947
<AVERAGE-NET-ASSETS> 7,460,209
<PER-SHARE-NAV-BEGIN> 11.73
<PER-SHARE-NII> 0.70
<PER-SHARE-GAIN-APPREC> (0.74)
<PER-SHARE-DIVIDEND> 0.69
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.00
<EXPENSE-RATIO> 0.98
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 051
<NAME> NVEST ADJUSTABLE RATE US GOV'T FUND CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 77,727,892
<INVESTMENTS-AT-VALUE> 75,966,470
<RECEIVABLES> 1,169,899
<ASSETS-OTHER> 110,013
<OTHER-ITEMS-ASSETS> 7,588
<TOTAL-ASSETS> 77,253,970
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 289,045
<TOTAL-LIABILITIES> 289,045
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 96,755,349
<SHARES-COMMON-STOCK> 10,369,546
<SHARES-COMMON-PRIOR> 12,693,540
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (84,533)
<ACCUMULATED-NET-GAINS> (17,944,469)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,761,422)
<NET-ASSETS> 76,964,925
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,660,167
<OTHER-INCOME> 0
<EXPENSES-NET> 632,547
<NET-INVESTMENT-INCOME> 5,027,620
<REALIZED-GAINS-CURRENT> (1,915,031)
<APPREC-INCREASE-CURRENT> (1,507,524)
<NET-CHANGE-FROM-OPS> 1,605,065
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,845,836
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,454,036
<NUMBER-OF-SHARES-REDEEMED> 4,266,0910
<SHARES-REINVESTED> 488,060
<NET-CHANGE-IN-ASSETS> (2,323,994)
<ACCUMULATED-NII-PRIOR> 15,910
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 3,125
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 472,893
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,075,824
<AVERAGE-NET-ASSETS> 81,924,000
<PER-SHARE-NAV-BEGIN> 7.30
<PER-SHARE-NII> 0.41
<PER-SHARE-GAIN-APPREC> (0.28)
<PER-SHARE-DIVIDEND> 0.42
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.01
<EXPENSE-RATIO> 0.70
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 052
<NAME> NVEST ADJUSTABLE RATE US GOV'T FUND CLASS B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 77,727,892
<INVESTMENTS-AT-VALUE> 75,966,470
<RECEIVABLES> 1,169,899
<ASSETS-OTHER> 110,013
<OTHER-ITEMS-ASSETS> 7,588
<TOTAL-ASSETS> 77,253,970
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 289,045
<TOTAL-LIABILITIES> 289,045
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 96,755,349
<SHARES-COMMON-STOCK> 542,273
<SHARES-COMMON-PRIOR> 516,052
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (84,533)
<ACCUMULATED-NET-GAINS> (17,944,469)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,761,422)
<NET-ASSETS> 76,964,925
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,660,167
<OTHER-INCOME> 0
<EXPENSES-NET> 632,547
<NET-INVESTMENT-INCOME> 5,027,620
<REALIZED-GAINS-CURRENT> (1,915,031)
<APPREC-INCREASE-CURRENT> (1,507,524)
<NET-CHANGE-FROM-OPS> 1,605,065
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 188,779
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 235,614
<NUMBER-OF-SHARES-REDEEMED> 232,265
<SHARES-REINVESTED> 22,872
<NET-CHANGE-IN-ASSETS> 26,221
<ACCUMULATED-NII-PRIOR> 15,910
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 3,125
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 472,893
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,075,824
<AVERAGE-NET-ASSETS> 3,645,700
<PER-SHARE-NAV-BEGIN> 7.29
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> (0.28)
<PER-SHARE-DIVIDEND> 0.37
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.00
<EXPENSE-RATIO> 1.45
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 053
<NAME> NVEST ADJUSTABLE RATE US GOV'T FUND CLASS C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 77,727,892
<INVESTMENTS-AT-VALUE> 75,966,470
<RECEIVABLES> 1,169,899
<ASSETS-OTHER> 110,013
<OTHER-ITEMS-ASSETS> 7,588
<TOTAL-ASSETS> 77,253,970
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 289,045
<TOTAL-LIABILITIES> 289,045
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 96,755,349
<SHARES-COMMON-STOCK> 69,887
<SHARES-COMMON-PRIOR> 31,981
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (84,533)
<ACCUMULATED-NET-GAINS> (17,944,469)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,761,422)
<NET-ASSETS> 76,964,925
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,660,167
<OTHER-INCOME> 0
<EXPENSES-NET> 632,547
<NET-INVESTMENT-INCOME> 5,027,620
<REALIZED-GAINS-CURRENT> (1,915,031)
<APPREC-INCREASE-CURRENT> (1,507,524)
<NET-CHANGE-FROM-OPS> 1,605,065
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 22,276
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 111,022
<NUMBER-OF-SHARES-REDEEMED> 76,113
<SHARES-REINVESTED> 2,997
<NET-CHANGE-IN-ASSETS> 37,906
<ACCUMULATED-NII-PRIOR> 15,910
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 3,125
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 472,893
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,075,824
<AVERAGE-NET-ASSETS> 427,800
<PER-SHARE-NAV-BEGIN> 7.29
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> (0.28)
<PER-SHARE-DIVIDEND> 0.37
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.00
<EXPENSE-RATIO> 1.45
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 061
<NAME> NVEST TAX FREE CALIFORNIA CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 43,726,203
<INVESTMENTS-AT-VALUE> 43,339,087
<RECEIVABLES> 760,508
<ASSETS-OTHER> 73,235
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 44,172,830
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 689,909
<TOTAL-LIABILITIES> 689,909
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 45,902,204
<SHARES-COMMON-STOCK> 4,848,759
<SHARES-COMMON-PRIOR> 4,073,461
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (21,976)
<ACCUMULATED-NET-GAINS> (2,010,191)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (387,116)
<NET-ASSETS> 43,482,921
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,619,772
<OTHER-INCOME> 0
<EXPENSES-NET> 461,080
<NET-INVESTMENT-INCOME> 2,158,692
<REALIZED-GAINS-CURRENT> (735,270)
<APPREC-INCREASE-CURRENT> (2,181,742)
<NET-CHANGE-FROM-OPS> (758,320)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,867,844
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,383,925
<NUMBER-OF-SHARES-REDEEMED> 2,193,681
<SHARES-REINVESTED> 145,308
<NET-CHANGE-IN-ASSETS> 335,552
<ACCUMULATED-NII-PRIOR> 64,250
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 46,249
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 243,679
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 641,826
<AVERAGE-NET-ASSETS> 37,524,400
<PER-SHARE-NAV-BEGIN> 7.83
<PER-SHARE-NII> 0.37
<PER-SHARE-GAIN-APPREC> (0.48)
<PER-SHARE-DIVIDEND> 0.38
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.34
<EXPENSE-RATIO> 0.85
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NVEST FUNDS TRUST 2
<SERIES>
<NUMBER> 062
<NAME> NVEST TAX FREE CALIFORNIA FUND CLASS B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 43,726,203
<INVESTMENTS-AT-VALUE> 43,339,087
<RECEIVABLES> 760,508
<ASSETS-OTHER> 73,235
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 44,172,830
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 689,909
<TOTAL-LIABILITIES> 689,909
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 45,902,204
<SHARES-COMMON-STOCK> 1,078,100
<SHARES-COMMON-PRIOR> 1,131,741
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (21,976)
<ACCUMULATED-NET-GAINS> (2,010,191)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (387,116)
<NET-ASSETS> 43,482,921
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,619,772
<OTHER-INCOME> 0
<EXPENSES-NET> 461,080
<NET-INVESTMENT-INCOME> 2,158,692
<REALIZED-GAINS-CURRENT> (735,270)
<APPREC-INCREASE-CURRENT> (2,181,742)
<NET-CHANGE-FROM-OPS> (758,320)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 376,425
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 202,511
<NUMBER-OF-SHARES-REDEEMED> 339,124
<SHARES-REINVESTED> 28,996
<NET-CHANGE-IN-ASSETS> (107,617)
<ACCUMULATED-NII-PRIOR> 64,250
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 46,249
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 243,679
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 641,826
<AVERAGE-NET-ASSETS> 8,891,100
<PER-SHARE-NAV-BEGIN> 7.81
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> (0.48)
<PER-SHARE-DIVIDEND> 0.32
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.32
<EXPENSE-RATIO> 1.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
To the Shareholders and
Board of Trustees of
Nvest Funds Trust II
In planning and performing our audit of the financial statements of Nvest Funds
Trust II (formerly the New England Funds Trust II) for the year ended December
31, 1999, we considered its internal control, including control activities for
safeguarding securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and to comply with
the requirements of Form N-SAR, not to provide assurance on internal control.
The management of Nvest Funds Trust II is responsible for establishing and
maintaining internal control. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of controls. Generally, controls that are relevant to an audit pertain to
the entity's objective of preparing financial statements for external purposes
that are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the design and operation may
deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk that misstatements caused by error or fraud in amounts that would be
material in relation to the financial statements being audited may occur and not
be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1999.
This report is intended solely for the information and use of management and the
Board of Nvest Funds Trust II and the Securities and Exchange Commission and is
not intended to be and should not be used by anyone other than these specified
parties.
PricewaterhouseCoopers LLP
Boston, MA
February 11, 2000
