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Loomis Sayles Funds
Admin Class of Loomis Sayles Small Cap Value and Bond Funds
Supplement dated April 15, 1999 to Prospectus dated January 1, 1999
The second paragraph on page 19 under the section captioned "Fund Expenses"
should be revised as follows:
Loomis Sayles has voluntarily agreed, for an indefinite period, to reduce
its advisory fees and/or bear other Fund expenses to the extent necessary to
limit Fund total annual operating expenses of the Admin Class of shares of each
Fund to the following annual percentage rate of the Fund's average daily net
assets:
Fund Rate
---- ----
Bond ............................................... 1.25%
Small Cap Value ................................... 1.50%
