Shareholders approved the following proposals at the special shareholder
meetings held on April 28, 2000, May 5, 2000 and May 9, 2000.
The election of the following to serve as trustees of the Loomis Sayles
Funds: Daniel J. Fuss, Michael T. Murray, Richard S. Holway, Joseph
Alaimo and Paul G. Chenault.
Each Fund, except Loomis Sayles Investment Grade Bond Fund and Loomis
Sayles Managed Bond Fund, is authorized by the Board of Trustees to
change investment objectives without shareholder approval.
The fundamental investment restriction prohibiting making loans is
changed for each Fund, except Loomis Sayles Investment Grade Bond Fund
and Loomis Sayles Managed Bond Fund, so that they may lend portfolio
securities to the extent permitted under the Investment Company Act of
1940, as amended.
The fundamental investment restriction with respect to borrowing is
changed for each Fund, except Loomis Sayles Investment Grade Bond Fund
and Loomis Sayles Managed Bond Fund, so that they may borrow money to
the extent permitted by the Investment Company Act of 1940 and in
accordance with a non-fundamental investment policy approved by the
Board of Trustees.
