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NEW ENGLAND FUNDS TRUST I New England Tax Exempt Income Fund Supplement dated July 1, 1995 to New England Bond Funds Prospectus dated May 1, 1995 The subadvisory relationship between Back Bay Advisors, L.P. and Loomis, Sayles & Company, L.P. described on page 21 of the Prospectus is no longer in effect.
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