<PAGE> PAGE 1
000 B000000 12/31/97
000 C000000 0000872649
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 LOOMIS SAYLES FUNDS
001 B000000 811-6241
001 C000000 6174822450
002 A000000 ONE FINANCIAL CENTER
002 B000000 BOSTON
002 C000000 MA
002 D010000 02111
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 17
007 C010100 1
007 C020100 LOOMIS SAYLES GROWTH FUND
007 C030100 N
007 C010200 2
007 C020200 LOOMIS SAYLES CORE VALUE FUND
007 C030200 N
007 C010300 3
007 C020300 LOOMIS SAYLES SMALL CAP VALUE FUND
007 C030300 N
007 C010400 4
007 C020400 LOOMIS SAYLES INTERNATIONAL EQUITY FUND
007 C030400 N
007 C010500 5
007 C020500 LOOMIS SAYLES GLOBAL BOND FUND
007 C030500 N
007 C010600 6
007 C020600 LOOMIS SAYLES BOND FUND
007 C030600 N
007 C010700 7
007 C020700 LOOMIS SAYLES MUNICIPAL BOND FUND
007 C030700 N
007 C010800 8
007 C020800 LOOMIS SAYLES U.S. GOVERNMENT FUND
007 C030800 N
007 C010900 9
007 C020900 LOOMIS SAYLES SHORT-TERM BOND FUND
007 C030900 N
007 C011000 10
007 C021000 LOOMIS SAYLES WORLDWIDE FUND
<PAGE> PAGE 2
007 C031000 N
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02102
015 E01AA01 X
015 A00AA02 CITIBANK N.A.
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 WESTPAC BANKING CORPORATION
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 GENERALE DE BANQUE
015 B00AA04 S
015 C01AA04 BRUSSELS
015 D01AA04 BELGIUM
015 E04AA04 X
015 A00AA05 CITIBANK N.A.
015 B00AA05 S
015 C01AA05 SAO PAULO
015 D01AA05 BRAZIL
015 E04AA05 X
015 A00AA06 THE CANADA TRUST CO.
015 B00AA06 S
015 C01AA06 TORONTO
015 D01AA06 CANADA
015 E04AA06 X
015 A00AA07 DEN DANSKE BANK
015 B00AA07 S
015 C01AA07 COPENHAGEN
015 D01AA07 DENMARK
015 E04AA07 X
015 A00AA08 BANQUE PARIBAS
015 B00AA08 S
015 C01AA08 PARIS
015 D01AA08 FRANCE
015 E04AA08 X
015 A00AA09 DRESDNER BANK AG
015 B00AA09 S
015 C01AA09 FRANKFURT
015 D01AA09 GERMANY
015 E04AA09 X
015 A00AA10 STANDARD CHARTERED BANK PLC.
015 B00AA10 S
015 C01AA10 HONG KONG
015 D01AA10 HONG KONG
<PAGE> PAGE 3
015 E04AA10 X
015 A00AA11 BANK OF IRELAND
015 B00AA11 S
015 C01AA11 DUBLIN
015 D01AA11 IRELAND
015 E04AA11 X
015 A00AA12 THE SUMITOMO TRUST AND BANKING CO., LTD.
015 B00AA12 S
015 C01AA12 TOKYO
015 D01AA12 JAPAN
015 E04AA12 X
015 A00AA13 SEOULBANK
015 B00AA13 S
015 C01AA13 SEOUL
015 D01AA13 KOREA
015 E04AA13 X
015 A00AA14 CITIBANK MEXICO S.A.
015 B00AA14 S
015 C01AA14 MEXICO CITY
015 D01AA14 MEXICO
015 E04AA14 X
015 A00AA15 GIROCREDIT BANK AKTIENGESELISCHAFT DER SPARKA
015 B00AA15 S
015 C01AA15 VIENNAOK
015 D01AA15 AUSTRIA
015 E04AA15 X
015 A00AA16 MEESPIERSON N.V.
015 B00AA16 S
015 C01AA16 AMSTERDAM
015 D01AA16 NETHERLANDS
015 E04AA16 X
015 A00AA17 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B00AA17 S
015 C01AA17 WELLINGTON
015 D01AA17 NEW ZEALAND
015 E04AA17 X
015 A00AA18 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA18 S
015 C01AA18 OSLO
015 D01AA18 NORWAY
015 E04AA18 X
015 A00AA19 CITIBANK POLAND S.A.
015 B00AA19 S
015 C01AA19 WARSAW
015 D01AA19 POLAND
015 E04AA19 X
015 A00AA20 BANCO COMMERCIAL PORTUGUES (BCP)
015 B00AA20 S
015 C01AA20 LISBON
015 D01AA20 PORTUGAL
015 E04AA20 X
<PAGE> PAGE 4
015 A00AA21 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B00AA21 S
015 C01AA21 SINGAPORE
015 D01AA21 SINGAPORE
015 E04AA21 X
015 A00AA22 THE BANK OF SOUTH AFRICA LIMITED
015 B00AA22 S
015 C01AA22 JAHANNESBURG
015 D01AA22 SOUTH AFRICA
015 E04AA22 X
015 A00AA23 BANCO SANTANDER
015 B00AA23 S
015 C01AA23 MADRID
015 D01AA23 SPAIN
015 E04AA23 X
015 A00AA24 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA24 S
015 C01AA24 STOCKHOLM
015 D01AA24 SWEDEN
015 E04AA24 X
015 A00AA25 UNION BANK OF SWITZERLAND
015 B00AA25 S
015 C01AA25 ZURICH
015 D01AA25 SWITZERLAND
015 E04AA25 X
015 A00AA26 STANDARD CHARTERED BANK
015 B00AA26 S
015 C01AA26 BANGKOK
015 D01AA26 THAILAND
015 E04AA26 X
015 A00AA27 STATE STREET BANK AND TRUST CO.
015 B00AA27 S
015 C01AA27 LONDON
015 D01AA27 UNITED KINGDOM
015 E04AA27 X
015 A00AA28 CITIBANK
015 B00AA28 S
015 C01AA28 SANTIAGO
015 D01AA28 CHILE
015 E04AA28 X
015 A00AA29 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B00AA29 S
015 C01AA29 SHANGHAI
015 D01AA29 CHINA
015 E04AA29 X
015 A00AA30 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B00AA30 S
015 C01AA30 PRAGUE
015 D01AA30 CZECH REPUBLIC
015 E04AA30 X
015 A00AA31 MERITA BANK LTD.
<PAGE> PAGE 5
015 B00AA31 S
015 C01AA31 HELSINKI
015 D01AA31 FINLAND
015 E04AA31 X
015 A00AA32 CITIBANK BUDAPEST RT.
015 B00AA32 S
015 C01AA32 BUDAPEST
015 D01AA32 HUNGARY
015 E04AA32 X
015 A00AA33 DEUTSCHE BANK AG
015 B00AA33 S
015 C01AA33 MUMBAI
015 D01AA33 INDIA
015 E04AA33 X
015 A00AA34 HONGKONG AND SHANGHAI BANK CORP. LTD.
015 B00AA34 S
015 C01AA34 MUMBAI
015 D01AA34 INDIA
015 E04AA34 X
015 A00AA35 STANDARD CHARTERED BANK PLC.
015 B00AA35 S
015 C01AA35 JAKARTA
015 D01AA35 INDONESIA
015 E04AA35 X
015 A00AA36 BANK HAPOALIM
015 B00AA36 S
015 C01AA36 TEL AVIV
015 D01AA36 ISRAEL
015 E04AA36 X
015 A00AA37 CITIBANK N.A.
015 B00AA37 S
015 C01AA37 QUITOMILAN
015 D01AA37 ECUADOR
015 E04AA37 X
015 A00AA38 BANQUE PARIBAS
015 B00AA38 S
015 C01AA38 MILAN
015 D01AA38 ITALY
015 E04AA38 X
015 A00AA39 THE DAIWA BANK LIMITED
015 B00AA39 S
015 C01AA39 TOKYO
015 D01AA39 JAPAN
015 E04AA39 X
015 A00AA40 THE FUJI BANK LIMITED
015 B00AA40 S
015 C01AA40 TOKYO
015 D01AA40 JAPAN
015 E04AA40 X
015 A00AA41 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA41 S
<PAGE> PAGE 6
015 C01AA41 AMMAN
015 D01AA41 JORDAN
015 E04AA41 X
015 A00AA42 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B00AA42 S
015 C01AA42 KUALA LUMPUR
015 D01AA42 MALAYSIA
015 E04AA42 X
015 A00AA43 BANQUE COMMERCIALE DU MAROC
015 B00AA43 S
015 C01AA43 CASABLANCA
015 D01AA43 MOROCCO
015 E04AA43 X
015 A00AA44 CITIBANK N.A.
015 B00AA44 S
015 C01AA44 LIMA
015 D01AA44 PERU
015 E04AA44 X
015 A00AA45 STANDARD CHARTERED BANK PLC.
015 B00AA45 S
015 C01AA45 MANILA
015 D01AA45 PHILIPPINES
015 E04AA45 X
015 A00AA46 CREDIT SUISSE FIRST BOSTON, ZURICH
015 B00AA46 S
015 C01AA46 MOSCOW
015 D01AA46 RUSSIA
015 E04AA46 X
015 A00AA47 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B00AA47 S
015 C01AA47 BRATSLAVIA
015 D01AA47 SLOVAK REPUBLIC
015 E04AA47 X
015 A00AA48 THE HONG KONG AND SHANGHAI BANKING CORP. LTD.
015 B00AA48 S
015 C01AA48 COLOMBO
015 D01AA48 SRI LANKA
015 E04AA48 X
015 A00AA49 CENTRAL TRUST OF CHINA
015 B00AA49 S
015 C01AA49 TAIPEI
015 D01AA49 TAIWAN-REP. OF CHINA
015 E04AA49 X
015 A00AA50 CITIBANK N.A.
015 B00AA50 S
015 C01AA50 ISTANBUL
015 D01AA50 TURKEY
015 E04AA50 X
015 A00AA51 CITIBANK N.A.
015 B00AA51 S
015 C01AA51 MONTEVIDEO
<PAGE> PAGE 7
015 D01AA51 URUGUAY
015 E04AA51 X
015 A00AA52 CITIBANK N.A.
015 B00AA52 S
015 C01AA52 CARACAS
015 D01AA52 VENEZUELA
015 E04AA52 X
015 A00AA53 NATIONAL BANK OF GREECE
015 B00AA53 S
015 C01AA53 ATHENS
015 D01AA53 GREECE
015 E04AA53 X
015 A00AA54 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B00AA54 S
015 C01AA54 BOGOTA
015 D01AA54 COLOMBIA
015 E04AA54 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 17
019 C00AA00 NEWLOOMISF
020 A000001 MERRILL LYNCH, PIERCE, FENNER
020 B000001 13-5674085
020 C000001 102
020 A000002 MORGAN STANLEY & CO.,INC.
020 B000002 13-2655998
020 C000002 51
020 A000003 INSTINET
020 B000003 13-3443395
020 C000003 48
020 A000004 CROSBY SECURITIES
020 B000004 13-3431728
020 C000004 46
020 A000005 SOCIETE GENERALE
020 B000005 00-0000000
020 C000005 45
020 A000006 GOLDMAN SACH & CO.
020 B000006 13-5108880
020 C000006 44
020 A000007 CS FIRST BOSTON CORP.
020 B000007 13-5659485
020 C000007 44
020 A000008 DEUTSCHE MORGAN GRENFELL
020 B000008 00-0000000
020 C000008 41
020 A000009 WI CARR
020 B000009 13-2927466
020 C000009 39
020 A000010 CANTOR FITZGERALD & CO., INC.
020 B000010 00-0000000
020 C000010 35
<PAGE> PAGE 8
021 000000 1623
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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SIGNATURE VENETTA PHILLIPS
TITLE REPORTING ADMIN
REPORT OF INDEPENDENT ACCOUNTANTS
To the Trustees of Loomis Sayles Funds:
In planning and performing our audits of the financial
statements and financial highlights of the Loomis Sayles Funds
"[consisting of 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, Loomis Sayles Bond Fund, Loomis Sayles Global"
"Bond Fund, Loomis Sayles High Yield Fund, Loomis Sayles"
"Intermediate Maturity Bond Fund, Loomis Sayles Investment Grade"
"Bond Fund, Loomis Sayles Municipal Bond Fund, Loomis Sayles"
"Short-Term Bond Fund, and Loomis Sayles U.S. Government"
"Securities Fund (collectively known as the ""Funds"")] for the"
"year ended December 31, 1997, we considered its internal"
"control, including control over safeguarding securities, in"
order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and financial
"highlights and to comply with the requirements of Form N-SAR,"
not to provide assurance on internal control.
The management of the Funds is responsible for establishing and
maintaining internal control. In fulfilling this
"responsibility, estimates and judgments by management are"
required to assess the expected benefits and related costs of
"controls. Generally, controls that are relevant to an audit"
pertain to the entity's objective of preparing financial
statements and financial highlights for external purposes that
are fairly presented in conformity with generally accepted
accounting principles. Those controls include the safeguarding
"of assets against unauthorized acquisition, use, or disposition."
"Because of inherent limitations in internal controls, errors or"
"fraud may occur and may not be detected. Also, projection of"
any evaluation of internal control to future periods is subject
to the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and operation
may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American Institute
of Certified Public Accountants. A material weakness is a
condition in which the design or operation of any specific
internal control component does not reduce to a relatively low
level the risk that errors or fraud in amounts that would be
material in relation to the financial statements and financial
highlights being audited may occur and not be detected within a
timely period by employees in the normal course of performing
"their assigned functions. However, we noted no matters"
"involving internal control, including controls over"
"safeguarding securities, that we consider to be material"
"weaknesses, as defined above as of December 31, 1997."
This report is intended solely for the information and use of
management of the Funds and the Securities and Exchange
Commission.
"Boston, Massachusetts" COOPERS & LYBRAND
L.L.P
23-Feb-98
