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Supplement dated October 30, 1998 to New England Star Funds Prospectus
dated May 1, 1998 and New England Stock Funds
Class Y Prospectus dated May 1, 1998
NEW ENGLAND STAR SMALL CAP FUND
On October 30, 1998 the Board of Directors of New England Funds Trust I approved
a change in the Star Small Cap Fund's investment policies. Accordingly, the
first sentence under the heading "New England Star Small Cap Fund" in the
section entitled "Investment Strategy-Fund Investments and Subadvisers'
Investment Styles" (in the New England Star Funds Prospectus) and in the section
entitled "Investment Strategy-Fund Investments" (in New England Stock Funds
Class Y Prospectus) is revised to read as follows:
The Star Small Cap Fund seeks to attain its objective of capital
appreciation by investing primarily in equity securities of small
capitalization companies, which the Fund currently considers to be
companies having total market capitalization (shares outstanding times
market price per share), at the time of purchase, no greater than the stock
with the largest capitalization of the stocks making up the Russell 2000
Index ("Small Cap Companies").
Furthermore, under the same heading, the third sentence of the paragraph which
begins "Loomis Sayles..." is revised to read as follows:
Most of these companies will have market capitalizations that fall within
the range of the market capitalization of the Russell 2000 Index at the
time of initial purchase.
SSC-1098
