SUPPLEMENT DATED JULY 31, 2000 TO THE
STATEMENT OF ADDITIONAL INFORMATION - PART II DATED MAY 1, 2000 FOR
NVEST FUNDS TRUST I, NVEST FUNDS TRUST II AND NVEST FUNDS TRUST III
AND THE
STATEMENT OF ADDITIONAL INFORMATION DATED NOVEMBER 1, 1999
AS REVISED FEBRUARY 1, 2000 FOR
NVEST KOBRICK INVESTMENT TRUST
Effective July 31, 2000, the following information replaces the fourth paragraph
under the section entitled "Management of the Trusts - Distribution Agreements
and Rule 12b-1 Plans" in the Statement of Additional Information - Part II dated
May 1, 2000 for Nvest Funds Trust I, Nvest Funds Trust II and Nvest Funds Trust
III and under the section entitled "Distribution Agreement and Rule 12b-1 Plans"
in the Statement of Additional Information dated November 1, 1999 as revised
February 1, 2000 for Nvest Kobrick Investment Trust.
Under the Plans, each Fund pays the Distributor a monthly service fee at an
annual rate not to exceed 0.25% of the Fund's average daily net assets
attributable to the Class A, Class B and Class C shares. In the case of the
Class B shares, the Distributor pays investment dealers the first year's service
fee at the time of sale, in the amount of up to 0.25% of the amount invested. In
the case of Class C shares, the Distributor retains the first year's service fee
of 0.25% assessed against such shares. For Class A and, after the first year for
Class B and Class C shares, the Distributor may pay up to the entire amount of
this fee to securities dealers who are dealers of record with respect to the
Fund's shares, on a quarterly basis, unless other arrangements are made between
the Distributor and the securities dealer, for providing personal services to
investors in shares of the Fund and/or the maintenance of shareholder accounts.
This service fee will accrue to securities dealers of record immediately with
respect to reinvested income dividends and capital gain distributions of the
Fund's Class A and Class B shares.
