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August 3, 1998
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
Attention: File Room
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Re: Loomis Sayles Funds (the trust):
Loomis Sayles Core Value Fund
Loomis Sayles Growth Fund
Loomis Sayles International Equity Fund
Loomis Sayles Mid-Cap Growth Fund
Loomis Sayles Mid-Cap Value Fund
Loomis Sayles Small Cap Growth Fund
Loomis Sayles Small Cap Value Fund
Loomis Sayles Strategic Value Fund
Loomis Sayles Worldwide Fund (the funds)
File No. 33-39133 and 811-6241
Ladies and Gentlemen:
Transmitted herewith for filing pursuant to Rule 497(e) under the
Securities Act of 1933 is a Supplement dated August 3, 1998, to the Loomis
Sayles Funds Equity Funds - Retail Class and Loomis Sayles Funds Equity Funds -
Institutional Class prospectuses, each dated April 7, 1998. The document has
been marked to indicate changes made since the last filing.
Sincerely,
/s/Richard F. Froio
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Richard F. Froio
Legal Department
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LOOMIS SAYLES FUNDS
EQUITY FUNDS
Supplement dated August 3, 1998 to
Prospectuses dated April 7, 1998, as revised June 1, 1998
The second sentence of the second paragraph in the section of the
prospectuses captioned "Investment Objectives and Policies - Small Cap Growth
Fund" is revised to state:
The Fund will normally invest at least 65% of its total assets in equity
securities of companies with market capitalization that fall within the
capitalization range of the Russell 2000 Index and may invest up to 35%
of its total assets in larger companies.
