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LOOMIS SAYLES FUNDS
EQUITY FUNDS
SUPPLEMENT DATED NOVEMBER 29, 1999 TO THE LOOMIS SAYLES FUNDS
EQUITY FUNDS PROSPECTUSES (INSTITUTIONAL AND RETAIL CLASS)
DATED JANUARY 1, 1999
The Loomis Sayles International Equity Fund may invest in securities of
closed-end investment companies, to the extent permitted by the Investment
Company Act of 1940.
A closed-end investment company is a fund that does not redeem its
shares on a daily basis. As a result, an investment in a closed-end investment
company may be less liquid than an investment that can be sold any time a Fund
holding such an investment decides to sell. Since the value of a closed-end
investment company is based on the value of the individual securities it holds,
a closed-end investment company's value will fall if the value of its underlying
securities declines. As a shareholder in a closed-end investment company, the
Fund will bear its ratable share of the investment company's expenses, including
management fees, and will remain subject to the investment company's advisory
and administration fees with respect to the assets so invested.
