LOOMIS SAYLES FUNDS
497, 2000-10-18
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                               LOOMIS SAYLES FUNDS

                    SUPPLEMENT DATED OCTOBER 18, 2000 TO THE
                      LOOMIS SAYLES EQUITY FUNDS PROSPECTUS
                DATED FEBRUARY 1, 2000, AS REVISED AUGUST 1, 2000
                    AND THE LOOMIS SAYLES FIXED INCOME FUNDS
                        PROSPECTUS DATED FEBRUARY 1, 2000


Effective immediately, shares of the Loomis Sayles Municipal Bond Fund and
Loomis Sayles Mid-Cap Value Fund (the "Funds") will no longer be available for
purchase. The Funds currently intend to cease operations on or about December
18, 2000.


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