NEW ENGLAND FUND TRUST I
New England Star Advisers Fund
Supplement dated July 12, 1995
to New England Star Advisers Fund Prospectus dated May 1, 1995
and New England Stock Funds Prospectus dated May 1, 1995
The following information reflects changes in the investment
management and policies of the Loomis, Sayles & Company,
L.P. ("Loomis Sayles") segment of New England Star Advisers
Fund (the "Fund"):
[] Jeffrey C. Petherick, Vice President of Loomis Sayles and
New England Funds Trust I, and Mary Champagne, Vice
President of Loomis Sayles, have day-to-day management
responsibility for the segment of the Fund that is
allocated to Loomis Sayles. Mr. Petherick has co-managed
the Loomis Sayles segment of the Fund since the Fund's
inception. Mr. Petherick was an investment manager at
Masco Corporation prior to joining Loomis Sayles in 1990.
Ms. Champagne has co-managed the Loomis Sayles segment of
the Fund since July 1995. Prior to joining Loomis Sayles
in 1993, Ms. Champagne served as a portfolio manager at
NBD Bank for 10 years.
[] Loomis Sayles manages its segment of the portfolio by
investing primarily in stocks of small cap companies with
good earnings growth potential, that Loomis Sayles
believes are undervalued by the market. Typically, such
companies range in size from $100 million to $500 million
in market capitalization, have better than average growth
rates at below average price/earnings ratios and have
strong balance sheets and cash flow. Loomis Sayles seeks
to build a core small cap portfolio of solid growth
companies' stock, with a smaller emphasis on special
situations and turnarounds (companies that have
experienced significant business problems but which
Loomis Sayles believes have favorable prospects for
recovery), as well as unrecognized stocks.
