<PAGE>
[H&M Final]
[Translation]
SEMI-ANNUAL REPORT
(During The Fourth Term)
From: October 1, 1999
To: March 31, 2000
AMENDMENT TO SECURITIES REGISTRATION STATEMENT
(for NAV sale)
LOOMIS SAYLES FUNDS - LOOMIS SAYLES INVESTMENT GRADE BOND FUND
(2385)
<PAGE>
SEMI-ANNUAL REPORT
(During The Fourth Term)
From: October 1, 1999
To: March 31, 2000
LOOMIS SAYLES FUNDS - LOOMIS SAYLES INVESTMENT GRADE BOND FUND
(2385)
<PAGE>
SEMI-ANNUAL REPORT
(During The Third Term)
From: October 1, 1998
To: March 31, 1999
To: Director of Kanto Local Finance Bureau
Filing Date: June 30, 2000
Name of the Registrant Trust: LOOMIS SAYLES FUNDS
Name and Official Title of Trustees: Mark W. Holland
Treasurer of the Trust
Address of Principal Office: One Financial Center
Boston, Massachusetts 02111
U. S. A.
Name and Title of Registration Agent: Harume Nakano
Attorney-at-Law
Signature [Harume Nakano]
------------------------
(Seal)
Ken Miura
Attorney-at-Law
Signature [Ken Miura]
--------------------
(Seal)
Address or Place of Business Kasumigaseki Building, 25th Floor
2-5, Kasumigaseki 3-chome
Chiyoda-ku, Tokyo
Name of Liaison Contact: Harume Nakano
Ken Miura
Attorneys-at-Law
Place of Liaison Contact: Hamada & Matsumoto
Kasumigaseki Building, 25th Floor
2-5, Kasumigaseki 3-chome
Chiyoda-ku, Tokyo
Phone Number: 03-3580-3377
<PAGE>
PLACES WHERE A COPY OF THIS SEMI-ANNUAL REPORT IS AVAILABLE FOR PUBLIC
INSPECTION
Not applicable.
(Total number of sheets of this Semi-annual Report (in
Japanese) is 25 including from this page)
<PAGE>
C O N T E N T S
<TABLE>
<CAPTION>
This
English Japanese
translation Original
<S> <C> <C>
I. STATUS OF INVESTMENT FUND
(1) Diversification of Investment Portfolio ......... 1 1
(2) Results of Past Operations ...................... 3 2
(a) Record of Changes in Net Assets ........ 3 2
(b) Record of Distributions Paid ........... 4 3
(3) Record of Sales and Repurchases ................. 5 4
II. OUTLINE OF THE TRUST
1. Trust ............................................ 6 5
(1) Amount of Capital Stock .......................... 6 5
(2) Information Concerning Major Shareholders ........ 6 5
(3) Information Concerning Directors, Officers and
Employees ........................................ 6 5
(4) Description of Business and Outline of
Operation ........................................ 9 7
(5) Miscellaneous .................................... 10 7
2. Loomis, Sayles & Company, L.P.
(Investment Management Company) .................. 11 7
(1) Amount of Capital Share .......................... 11 7
(2) Information Concerning Major Shareholders ........ 11 7
(3) Information Concerning Officers and Employees .... 11 8
(4) Summary of Business Lines and Business
Operation ........................................ 14 9
(5) Miscellaneous .................................... 17 12
III. OUTLINE OF THE FINANCIAL STATUS OF THE FUND .......... 17 13
IV. OUTLINE OF THE FINANCIAL STATUS OF THE
INVESTMENT MANAGEMENT COMPANY ........................ 17 31
</TABLE>
<PAGE>
I. STATUS OF INVESTMENT PORTFOLIO
(LOOMIS SAYLES INVESTMENT GRADE BOND FUND (hereinafter referred to as
the "Fund"))
<TABLE>
<CAPTION>
(As of the end May, 2000)
-----------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------
Investment Ratio
Types of Assets Name of Country Market Value Total Dollar (%)
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Bond United States 10,974,196 55.08
Malaysia 793,670 3.98
Chile 668,854 3.36
Mexico 405,150 2.03
Korea 232,987 1.17
Supranational 175,771 0.88
Canada 175,370 0.88
Venezuela 153,870 0.77
Brazil 108,000 0.54
Indonesia 98,750 0.50
Thailand 92,450 0.46
Colombia 84,194 0.42
Philippines 38,500 0.19
Australia 11,600 0.06
Foreign Government Bond Canada 3,145,801 15.79
Brazil 569,841 2.86
South Africa 260,678 1.31
Peru 169,500 0.85
Venezuela 124,760 0.63
Preferred Stocks United States 479,280 2.41
-----------------------------------------------------------------------------------------------------------------
Sub-Total 18,763,222 94.17
-----------------------------------------------------------------------------------------------------------------
Cash, Deposit and
Other Assets (After
Deduction of Liabilities) 1,161,350 5.83
-----------------------------------------------------------------------------------------------------------------
Total 19,924,572 100.00
(Net Asset Value) (2,120 million JPY)
</TABLE>
Note 1: Investment ratio is calculated by dividing each asset at
its market value by the total net asset value of the Fund. The
same applies hereinafter.
Note 2: The exchange rate of U.S. Dollars ("dollar" or "$") into
Japanese Yen is Y106.40 for one U.S. Dollar, which is the
actual middle point between the selling and buying currency
rate by telegraphic transfer of The Bank of Tokyo-Mitsubishi,
Ltd. on the end of May, 2000. The same applies hereinafter.
Note 3: In this report, money amounts and percentages have been
rounded. Therefore, there are cases in which the amount for
the "total" column is not equal to the aggregate amount. Also,
conversion into other currencies is
<PAGE>
done simply by multiplying the corresponding amount by the
conversion rate specified and rounded up when necessary. As
a result, in this report, there are cases in which figures
for the same information differ from each other.
<PAGE>
(2) Results of Past Operations
(a) Record of Changes in Net Assets
Record of changes in net assets at the end of each of during
the one year period up to and including the end of May, 2000 is as
follows:
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Total Net Asset Value Net Asset Value per Share
-------------------------------------------------------------------------------------------------------------------------
US$ Yen
(thousands) (millions) US$ Yen
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1999 End of June I Class 2,486 265 10.24 1,090
R Class 2,613 278 10.23 1,088
J Class 13,097 1,394 10.23 1,088
July I Class 2,393 255 9.97 1,061
R Class 2,528 269 9.96 1,060
J Class 13,251 1,410 9.96 1,060
August I Class 2,441 260 9.88 1,051
R Class 2,497 266 9.87 1,050
J Class 15,096 1,606 9.87 1,050
September I Class 2,427 258 9.96 1,060
R Class 2,561 272 9.95 1,059
J Class 16,307 1,735 9.95 1,059
October I Class 2,430 259 9.90 1,053
R Class 2,601 277 9.89 1,052
J Class 16,584 1,765 9.89 1,052
November I Class 2,348 250 9.88 1,051
R Class 2,615 278 9.86 1,049
J Class 16,487 1,754 9.87 1,050
December I Class 2,360 251 9.79 1,042
R Class 2,689 286 9.78 1,041
J Class 16,456 1,751 9.79 1,042
2000 End of January I Class 2,414 257 9.78 1,041
R Class 2,757 293 9.78 1,041
J Class 16,257 1,730 9.77 1,040
February I Class 2,439 260 10.03 1,067
R Class 2,858 304 10.03 1,067
J Class 16,415 1,747 10.02 1,066
March I Class 2,592 276 10.12 1,077
R Class 2,857 304 10.11 1,076
J Class 16,815 1,789 10.11 1,076
April I Class 1,874 199 9.79 1,042
R Class 2,740 292 9.79 1,042
J Class 16,155 1,719 9.78 1,041
May I Class 2,421 258 9.63 1,025
R Class 1,867 199 9.63 1,025
J Class 15,637 1,664 9.63 1,025
-------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
(b) Record of Distributions Paid
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
Distribution Date Ex-distribution Date Distribution per Share
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1st Fiscal Year April 7, 1997 April 7, 1997 I Class US$ 0.130 (Y 13.83 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.128 (Y 13.62 )
----------------------------------------------------------------------------------------------------------------------------
July 7, 1997 July 7, 1997 I Class US$ 0.177 (Y 18.83 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.171 (Y 18.19 )
----------------------------------------------------------------------------------------------------------------------------
October 7, 1997 October 7, 1997 I Class US$ 0.149 (Y 15.85 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.142 (Y 15.11 )
----------------------------------------------------------------------------------------------------------------------------
December 29, 1997 December 29, 1997 I Class US$ 0.377 (Y 40.11 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.371 (Y 39.47 )
----------------------------------------------------------------------------------------------------------------------------
2nd Fiscal Year April 13, 1998 April 7, 1998 I Class US$ 0.161 (Y 17.13 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.154 (Y 16.39 )
----------------------------------------------------------------------------------------------------------------------------
July 10, 1998 July 7, 1998 I Class US$ 0.166 (Y 17.66 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.159 (Y 16.92 )
----------------------------------------------------------------------------------------------------------------------------
3rd Fiscal Year October 9, 1998 October 6, 1998 I Class US$ 0.216 (Y 22.98 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.210 (Y 22.34 )
----------------------------------------------------------------------------------------------------------------------------
December 11, 1998 December 8, 1998 I Class US$ 0.384 (Y 40.86 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.378 (Y 40.22 )
----------------------------------------------------------------------------------------------------------------------------
April 9, 1999 April 6, 1999 I Class US$ 0.158 (Y 16.81 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.150 (Y 15.96 )
----------------------------------------------------------------------------------------------------------------------------
July 7, 1999 July 1, 1999 I Class US$ 0.096 (Y 10.21 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.090 (Y 9.58 )
----------------------------------------------------------------------------------------------------------------------------
J Class US$ 0.090 (Y 9.58 )
----------------------------------------------------------------------------------------------------------------------------
August 5, 1999 August 2, 1999 I Class US$ 0.056 (Y 5.96 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.054 (Y 5.75 )
----------------------------------------------------------------------------------------------------------------------------
J Class US$ 0.050 (Y 5.32 )
----------------------------------------------------------------------------------------------------------------------------
September 7, 1999 September 1, 1999 I Class US$ 0.056 (Y 5.96 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.054 (Y 5.75 )
----------------------------------------------------------------------------------------------------------------------------
J Class US$ 0.050 (Y 5.32 )
----------------------------------------------------------------------------------------------------------------------------
October 9, 1999 October 1, 1999 I Class US$ 0.059 (Y 6.28 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.057 (Y 6.06 )
----------------------------------------------------------------------------------------------------------------------------
J Class US$ 0.053 (Y 5.64 )
----------------------------------------------------------------------------------------------------------------------------
Novemer 4, 1999 November 1, 1999 I Class US$ 0.060 (Y 6.38 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.057 (Y 6.06 )
----------------------------------------------------------------------------------------------------------------------------
J Class US$ 0.053 (Y 5.64 )
----------------------------------------------------------------------------------------------------------------------------
December 6, 1999 December 1, 1999 I Class US$ 0.061 (Y 6.49 )
----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.059 (Y 6.28 )
----------------------------------------------------------------------------------------------------------------------------
J Class US$ 0.055 (Y 5.85 )
----------------------------------------------------------------------------------------------------------------------------
<PAGE>
-----------------------------------------------------------------------------------------------------------------------------
December 31, 1999 January 5, 2000 I Class US$ 0.062 (Y 6.60 )
-----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.060 (Y 6.38 )
-----------------------------------------------------------------------------------------------------------------------------
J Class US$ 0.056 (Y 5.96 )
-----------------------------------------------------------------------------------------------------------------------------
February 1, 2000 February 4, 2000 I Class US$ 0.061 (Y 6.49 )
-----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.059 (Y 6.28 )
-----------------------------------------------------------------------------------------------------------------------------
J Class US$ 0.054 (Y 5.75 )
-----------------------------------------------------------------------------------------------------------------------------
March 6, 2000 March 1, 2000 I Class US$ 0.060 (Y 6.38 )
-----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.058 (Y 6.17 )
-----------------------------------------------------------------------------------------------------------------------------
J Class US$ 0.054 (Y 5.75 )
-----------------------------------------------------------------------------------------------------------------------------
April 6, 2000 April 3, 2000 I Class US$ 0.063 (Y 6.70 )
-----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.060 (Y 6.38 )
-----------------------------------------------------------------------------------------------------------------------------
J Class US$ 0.056 (Y 5.96 )
-----------------------------------------------------------------------------------------------------------------------------
May 4, 2000 May 1, 2000 I Class US$ 0.069 (Y 7.34 )
-----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.067 (Y 7.13 )
-----------------------------------------------------------------------------------------------------------------------------
J Class US$ 0.063 (Y 6.70 )
-----------------------------------------------------------------------------------------------------------------------------
June 6, 2000 June 1, 2000 I Class US$ 0.061 (Y 6.49 )
-----------------------------------------------------------------------------------------------------------------------------
R Class US$ 0.059 (Y 6.28 )
-----------------------------------------------------------------------------------------------------------------------------
J Class US$ 0.055 (Y 5.85 )
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Note: Since the close of the accounting year has been changed from December
31 to September 30, 2nd fiscal period shall be from January 1, 1998 to
September 30, 1998 and 3rd fiscal period shall be from October 1, 1998
to September 30, 1999.
(3) Record of Sales and Repurchase
Record of sales and repurchases during one year period up to
and including the end of May, 2000 and number of outstanding shares of
the Fund as of the end of May, 2000 are as follows:
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------
Number of Number of Units Number of
Units Sold Repurchased Outstanding Units
------------------------------------------------------------------------------------------
<S> <C> <C> <C>
I Class 143,708.046 259,102.469 252,409.315
(0) (0) (0)
------------------------------------------------------------------------------------------
R Class 67,394.710 130,388.780 193,890.894
(0) (0) (0)
------------------------------------------------------------------------------------------
J Class 970,800.000 453,090.000 1,623,450.000
(970,800.000) (453,090.000) (1,623,450.000)
-------------------------------------------------------------------------------------------
</TABLE>
Note 1: The numbers of shares sold, redeemed and outstanding in the
parenthesis represents those sold, redeemed and outstanding in
Japan.
Note 2: Class J Units were sold in Japan from May 24, 1999.
<PAGE>
II. OUTLINE OF THE FUND
(1) Amount of Capital:
Not applicable.
(2) Information Concerning Major Shareholders:
Not applicable.
(3) Information Concerning Directors, Officers and Employees:
(1) Trustees and Officers of the Trust
<TABLE>
<CAPTION>
(as of the end of May, 2000)
------------------------------------------------------------------------------------------------------------------
Shares
Name Office and Title Resume Owned
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
JOSEPH ALAIMO Trustee present: President, Wintrust Asset 4,751.447
Management Company
------------------------------------------------------------------------------------------------------------------
RICHARD S. HOLWAY Trustee formerly: Vice President, Loomis Sayles. 71,215.46
Director, Sandwich Cooperative
Bank.
------------------------------------------------------------------------------------------------------------------
MICHAEL T. MURRAY Trustee formerly: Vice President, Loomis Sayles
23,629.576
------------------------------------------------------------------------------------------------------------------
DANIEL J. FUSS President and Trustee present: Vice Chairman and Director,
Loomis Sayles 584,023.781
------------------------------------------------------------------------------------------------------------------
PAUL G. CHENAULT Trustee present: Trustee of Variable Investors 0
Series Trust
formerly: Vice President of Loomis Sayles,
Senior Vice President and Chief
Investment Offering XL Capital
Ltd., Hamitton, Bermuda.
------------------------------------------------------------------------------------------------------------------
SHEILA M. BARRY Secretary and present: Assistant General Counsel and 229.040
Compliance Officer Vice President, Loomis Sayles
formerly: Senior Counsel and Vice
President, New England Funds,
L.P.
------------------------------------------------------------------------------------------------------------------
ROBERT J. BLANDING Executive Vice present: President, Chairman, Director 19,618.826
President and Chief Executive Officer,
Loomis Sayles
------------------------------------------------------------------------------------------------------------------
MARK BARIBEAU Vice President present: Vice President, Loomis Sayles 0
<PAGE>
------------------------------------------------------------------------------------------------------------------
JAMES C. CARROLL Vice President present: Vice President, Loomis Sayles 0
formerly: Managing Director and Senior
Energy Analyst at Paine Webber,
Inc.
------------------------------------------------------------------------------------------------------------------
PAMELA CZEKANSKI Vice President present: Vice President, Loomis Sayles 0
------------------------------------------------------------------------------------------------------------------
E. JOHN DEBEER Vice President present: Vice President, Loomis Sayles 0.064
------------------------------------------------------------------------------------------------------------------
WILLIAM H. EIGEN, JR. Vice President present: Vice President, Loomis Sayles 0
formerly: Vice President, INVESCO Funds
Group and Vice President, The
Travelers Corp.
------------------------------------------------------------------------------------------------------------------
CHRISTOPHER R. ELY Vice President present: Vice President, Loomis Sayles 3,862.821
formerly: Senior Vice President and
portfolio manager, Keystone
Investment Management Company,
Inc.
------------------------------------------------------------------------------------------------------------------
QUENTIN P. FAULKNER Vice President present: Vice President, Loomis Sayles 0
------------------------------------------------------------------------------------------------------------------
PHILIP C. FINE Vice President present: Vice President, Loomis Sayles 0
formerly: Vice President and portfolio
manager, Keystone Investment
Management Company, Inc.
------------------------------------------------------------------------------------------------------------------
KATHLEEN C. GAFFNEY Vice President present: Vice President, Loomis Sayles 0
------------------------------------------------------------------------------------------------------------------
JOSEPH R. GATZ Vice President present Vice President, Loomis Sayles 0
formerly Portfolio Manager at Banc One
Investment Advisers Corporation
------------------------------------------------------------------------------------------------------------------
DEAN A. GULIS Vice President present: Vice President, Loomis Sayles 1,137.786
formerly: Principal and Director of
Research at Roney & Company
------------------------------------------------------------------------------------------------------------------
<PAGE>
MARTHA F. HODGMAN Vice President present: Vice President, Loomis Sayles 12,828.113
------------------------------------------------------------------------------------------------------------------
MARK W. HOLLAND Treasurer present: Vice President and Director, 47,259.102
Loomis Sayles
------------------------------------------------------------------------------------------------------------------
JOHN HYLL Vice President present: Vice President, Loomis Sayles 0
------------------------------------------------------------------------------------------------------------------
ESWAR MENON Vice President present: Vice President, Loomis Sayles 0
formerly: Portfolio Manager at Nicholas
Applegate Capital Management,
Equity Analyst at Koaneman
Capital Management and Senior
Engineer at Integrated Device
Technology
------------------------------------------------------------------------------------------------------------------
ALEX MUROMCEW Vice President present: Vice President, Loomis S ayles 3,586.086
formerly: Portfolio Manager at Nicholas
Applegate Capital Management
and Investment Analyst at Teton
Partners, L.P.
------------------------------------------------------------------------------------------------------------------
PHILIP R. MURRAY Assistant Treasurer present: Vice President and Treasurer, 0
Loomis Sayles
------------------------------------------------------------------------------------------------------------------
KENT P. NEWMARK Vice President present: Vice President, Managing 112,088.706
Partner and Director, Loomis
Sayles
------------------------------------------------------------------------------------------------------------------
DAWN ALSTON PAIGE Vice President present: Vice President, Loomis Sayles 351.343
------------------------------------------------------------------------------------------------------------------
BRUCE G. PICARD, JR. Vice President present: Vice President, Loomis Sayles 785.267
------------------------------------------------------------------------------------------------------------------
LAUREN B. PITALIS Vice President present: Vice President, Loomis Sayles 2,278.343
formerly: Vice President and Assistant
Secretary of Harris Associates
Investment Trust
------------------------------------------------------------------------------------------------------------------
RICHARD SKAGGS Vice President present: Vice President, Loomis Sayles 0
------------------------------------------------------------------------------------------------------------------
DAVID L. SMITH Vice President present: Vice President, Loomis Sayles 0
formerly: Vice President and portfolio
manager, Keystone Investment
Management Company, Inc.
------------------------------------------------------------------------------------------------------------------
<PAGE>
DANIEL G. THELAN Vice President present: Vice President, Loomis Sayles 5,554.711
------------------------------------------------------------------------------------------------------------------
SANDRA P. TICHENOR Vice President present: General Counsel, Executive Vice 0
President, Director, Secretary
and Clerk, Loomis Sayles
formerly: Partner, Heller, Ehrman, White &
McAuliffe
------------------------------------------------------------------------------------------------------------------
JOHN TRIBOLET Vice President present: Vice President, Loomis Sayles 0
formerly: Portfolio Manager at Nicholas
Applegate Capital
Management, MBA
student at the
University of
Chicago, and
Investment
banker, most
recently at
PaineWebber, Inc.
------------------------------------------------------------------------------------------------------------------
JEFFREY W. WARDLOW Vice President present: Vice President, Loomis Sayles 0
------------------------------------------------------------------------------------------------------------------
GREGG D. WATKINS Vice President present: Vice President, Loomis Sayles 0
------------------------------------------------------------------------------------------------------------------
ANTHONY J. WILKINS Vice President present: Executive Vice President and 41,554.711
Director, Loomis Sayles
------------------------------------------------------------------------------------------------------------------
</TABLE>
Note 1: Previous positions during the past five years with Loomis Sayles
are omitted, if not materially different.
(2) Employees of the Trust
The Trust has no employees.
(4) Description of Business and Outline of Operation:
The Trust may carry out any administrative and managerial act,
including the purchase, sale, subscription and exchange of any
securities, and the exercise of all rights directly or indirectly
pertaining to the Fund's assets. The Trust has retained Loomis Sayles &
Company, L.P., the investment adviser, to render investment advisory
services and State Street Bank and Trust Company, to hold the assets of
the Fund in custody and act as Transfer, Dividend Payment and
Shareholder Servicing Agent.
<PAGE>
(5) Miscellaneous:
There has been, or is, no litigation which had or is expected
to have a material effect on the Fund or the Investment Management
Company during the six months before the filing of this report.
<PAGE>
2. Loomis, Sayles & Company, L.P. (Investment Management Company)
(1) Amount of Capital Stock
1. Amount of Capital (issued capital stock at par value):
Not applicable. Provided, however, that the partner capital was
$56,295,000 (Y 5.98979 billion) as of March 31, 2000.
2. Number of authorized shares of capital stock:
Not applicable.
3. Number of outstanding shares of capital stock:
Not applicable.
4. Amount of capital :
Not applicable. See, Note 5 to the consolidated financial statements
included in PART III SPECIAL INFORMATION, II. FINANCIAL CONDITIONS OF
THE INVESTMENT MANAGEMENT COMPANY.
(2) Information Concerning Major Stockholders
Not applicable.
(3) Information Concerning Officers and Employees
The following table lists the names of various officers and directors
of Investment Management Company and their respective positions with
Investment Management Company. (Although, technically, the Investment
Management Company does not have officers and directors because it is a
limited partnership, the officers and directors of the General Partner
serve the same function for the Investment Management Company and
therefore, assume the same titles. Hereinafter the same.)For each named
individual, the table lists: (i) any other organizations (excluding
other Investment Management Company's funds) with which the officer
and/or director has recently had or has substantial involvement; and
(ii) positions held with such organization:
List of Officers and Directors of Loomis, Sayles & Company, L.P.
(as of May 31, 2000)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
Position with Loomis,
Name Sayles & Company, L.P.. Other Business Affiliation
------------------------------------------------------------------------------------------------------
<S> <C> <C>
Daniel J. Fuss Vice Chairman and Director President and Trustee of the Trust
------------------------------------------------------------------------------------------------------
Sheila M. Barry Assistant General Counsel Secretary and Compliance Officer of the Trust
and Vice President
------------------------------------------------------------------------------------------------------
<PAGE>
<CAPTION>
------------------------------------------------------------------------------------------------------
Position with Loomis,
Name Sayles & Company, L.P.. Other Business Affiliation
------------------------------------------------------------------------------------------------------
<S> <C> <C>
Robert J. Blanding President, Chairman, Executive Vice President of the Trust
Director and Chief
Executive Officer
-------------------------------------------------------------------------------------------------------
Mark B. Baribeau Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
James C. Carroll Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
E. John DeBeer Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
William H. Eigen, Vice President Vice President of the Trust
Jr.
------------------------------------------------------------------------------------------------------
Christopher R. Ely Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
Quentin P. Faulkner Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
Philip C. Fine Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
Kathleen C. Gaffney Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Martha F. Hodgman Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
Mark W. Holland Vice President and Treasurer of the Trust
Director
------------------------------------------------------------------------------------------------------
John Hyll Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Eswar Menon Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
<PAGE>
<CAPTION>
------------------------------------------------------------------------------------------------------
Position with Loomis,
Name Sayles & Company, L.P.. Other Business Affiliation
------------------------------------------------------------------------------------------------------
<S> <C> <C>
Alex Muromcew Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
Philip R. Murray Vice President and Assistant Treasurer of the Trust
Treasurer
------------------------------------------------------------------------------------------------------
Kent P. Newmark Managing Partner, Vice Vice President of the Trust
President and Director
------------------------------------------------------------------------------------------------------
Dawn M. Alston Paige Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
Bruce G. Picard, Jr. Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
Lauren B. Pitalis Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
David L. Smith Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
John Tribolet Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
Sandra P. Tichenor General Counsel, Vice President of the Trust
Executive Vice President,
Secretary, Clerk and
Director
------------------------------------------------------------------------------------------------------
Jeffrey W. Wardlow Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
Gregg D. Watkins Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
Anthony J. Wilkins Executive Vice President Vice President of the Trust
and Director
------------------------------------------------------------------------------------------------------
Pamela Czekanski Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
Joseph R. Gatz Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
Dean A. Gulis Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
<PAGE>
<CAPTION>
------------------------------------------------------------------------------------------------------
Position with Loomis,
Name Sayles & Company, L.P.. Other Business Affiliation
------------------------------------------------------------------------------------------------------
<S> <C> <C>
Richard Skaggs Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
Daniel G. Thelan Vice President Vice President of the Trust
------------------------------------------------------------------------------------------------------
</TABLE>
(4) Summary of Business Lines and Business Operation
Investment Management Company is engaged in the business of providing
investment management and investment advisory services to mutual funds.
As of the end of May, 2000, Investment Management Company managed,
advised, and/or administered the following funds and fund portfolios:
Fund List
<TABLE>
<CAPTION>
(as of the end of May, 2000)
-------------------------------------------------------------------------------------------------------------------
Month/Date Principal Total Net Asset Net Asset Value
Year Characteristics Value per share ($)
Fund Established ($ million) R=Retail
R=Retail I=Institutional
I=Institutional A=Admin
A=Admin
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LOOMIS SAYLES FUNDS
-------------------------------------------------------------------------------------------------------------------
Bond 5/16/91 Fixed Income/Open 69.6 (R) 11.31 (R)
1,577.9 (I) 11.31 (I)
2.9 (A) 11.30 (A)
-------------------------------------------------------------------------------------------------------------------
Global Bond 5/10/91 Global/Open 10.7 (R) 10.98 (R)
34.8 (I) 11.00 (I)
-------------------------------------------------------------------------------------------------------------------
Global Technology 2/1/00 Global/Open 5.3 (R) 10.80 (R)
6.3 (I) 10.88 (I)
-------------------------------------------------------------------------------------------------------------------
Growth 5/16/91 Equity/Open 0.8 (R) 12.93 (R)
37.0 (I) 13.09 (I)
-------------------------------------------------------------------------------------------------------------------
Core Value 5/13/91 Equity/Open 0.3 (R) 14.77 (R)
41.5 (I) 14.80 (I)
-------------------------------------------------------------------------------------------------------------------
High Yield 9/11/96 Fixed Income/Open 22.2 (I) 8.55 (I)
-------------------------------------------------------------------------------------------------------------------
Intermediate Maturity Bond 12/31/96 Fixed Income/Open 1.9 (R) 9.26 (R)
11.0 (I) 9.27 (I)
-------------------------------------------------------------------------------------------------------------------
International Equity 5/10/91 Global/Open 13.9 (R) 18.08 (R)
114.0 (I) 18.16 (I)
-------------------------------------------------------------------------------------------------------------------
<PAGE>
<CAPTION>
(as of the end of May, 2000)
-------------------------------------------------------------------------------------------------------------------
Month/Date Principal Total Net Asset Net Asset Value
Year Characteristics Value per share ($)
Fund Established ($ million) R=Retail
R=Retail I=Institutional
I=Institutional A=Admin
A=Admin
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Investment Grade Bond 12/31/96 Fixed Income/Open 1.9 (R) 9.63 (R)
2.4 (I) 9.63 (I)
15.6 (J) 9.63 (J)
-------------------------------------------------------------------------------------------------------------------
Aggressive Growth 12/31/96 Equity/Open 29.4 (R) 36.26 (R)
(formerly Mid-Cap Growth) 35.5 (I) 36.51 (I)
-------------------------------------------------------------------------------------------------------------------
Mid-Cap Value 12/31/96 Equity/Open 0.3 (R) 11.51 (R)
5.4 (I) 11.53 (I)
-------------------------------------------------------------------------------------------------------------------
Municipal Bond 5/29/91 Fixed Income/Open 8.1 (I) 10.63 (I)
-------------------------------------------------------------------------------------------------------------------
Short-Term Bond 8/3/92 Fixed Income/Open 0.6 (R) 9.26 (R)
35.7 (I) 9.26 (I)
-------------------------------------------------------------------------------------------------------------------
Small Cap Growth 12/31/96 Equity/Open 32.1 (R) 23.59 (R)
167.7 (I) 23.78 (I)
-------------------------------------------------------------------------------------------------------------------
Small Cap Value 5/13/91 Equity/Open 87.1 (R) 18.56 (R)
208.1 (I) 18.58 (I)
9.2 (A) 18.54 (A)
-------------------------------------------------------------------------------------------------------------------
U.S. Government Securities 5/21/91 Fixed Income/Open 11.2 (I) 10.26 (I)
-------------------------------------------------------------------------------------------------------------------
Worldwide 5/1/96 Global/Open 0.4 (R) 13.94 (R)
9.9 (I) 13.97 (I)
-------------------------------------------------------------------------------------------------------------------
Emerging Markets 11/9/99 Emerging Markets/Open 0.0 (R) 15.38 (R)
3.5 (I) 15.40 (I)
-------------------------------------------------------------------------------------------------------------------
Managed Bond 10/1/98 Equity/Open 28.4 9.32
-------------------------------------------------------------------------------------------------------------------
LOOMIS SAYLES INVESTMENT TRUST
-------------------------------------------------------------------------------------------------------------------
California Tax-Free Income 6/1/95 Fixed Income/Open 14.8 9.98
-------------------------------------------------------------------------------------------------------------------
Core Fixed Income 4/24/96 Fixed income/Open 17.3 9.95
-------------------------------------------------------------------------------------------------------------------
Provident Fund 10/1/95 Equity/Open 24.4 11.04
-------------------------------------------------------------------------------------------------------------------
Fixed Income 1/17/95 Fixed Income/Open 369.4 11.46
-------------------------------------------------------------------------------------------------------------------
<PAGE>
<CAPTION>
(as of the end of May, 2000)
-------------------------------------------------------------------------------------------------------------------
Month/Date Principal Total Net Asset Net Asset Value
Year Characteristics Value per share ($)
Fund Established ($ million) R=Retail
R=Retail I=Institutional
I=Institutional A=Admin
A=Admin
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
High Yield Fixed Income 6/5/96 Fixed Income/Open 32.5 8.06
-------------------------------------------------------------------------------------------------------------------
Intermediate Duration 1/28/98 Fixed Income/Open 15.9 9.27
-------------------------------------------------------------------------------------------------------------------
Investment Grade Fixed Income 7/1/94 Fixed Income/Open 151.9 10.69
-------------------------------------------------------------------------------------------------------------------
Small Company Growth 5/1/99 Equity/Open 88.3 16.68
-------------------------------------------------------------------------------------------------------------------
Small Company Value 6/30/99 Equity/Open 42.1 10.09
-------------------------------------------------------------------------------------------------------------------
NVEST FUNDS
-------------------------------------------------------------------------------------------------------------------
Nvest Balanced 11/27/68 Balanced/Open Cl. A= 121.5 A= 10.61
B= 46.1 B= 10.50
C= 2.6 C= 10.45
Y= 35.4 Y= 10.62
-------------------------------------------------------------------------------------------------------------------
Nvest High Income Fund 2/22/84 Fixed Income/Open Cl. A= 61.0 A= 7.42
B= 59.8 B= 7.42
C= 7.2 C= 7.42
-------------------------------------------------------------------------------------------------------------------
Nvest International Equity 5/21/92 Global/Open Cl. A= 74.0 A= 21.30
B= 33.2 B= 20.64
C= 3.7 C= 20.72
Y= 14.1 Y= 21.67
-------------------------------------------------------------------------------------------------------------------
Nvest Star Advisers 7/7/94 Equity/Open Cl. A= 602. A= 22.78
B= 4 B= 21.45
C= 728. C= 21.47
Y= 7 Y= 23.34
-------------------------------------------------------------------------------------------------------------------
Nvest Star Small Cap 12/31/96 Equity/Open Cl. A= 95.6 A= 22.75
B= 112. B= 22.13
C= 7 C= 22.12
-------------------------------------------------------------------------------------------------------------------
Nvest Strategic Income 5/1/95 Fixed Income/Open Cl. A= 118.9 A= 11.02
B= 121.0 B= 11.02
C= 38.1 C= 11.01
Y= 0.0 Y= 11.03
-------------------------------------------------------------------------------------------------------------------
Nvest Value 6/5/70 Equity/Open Cl. A= 170.6 A= 7.22
B= 44.7 B= 6.89
C= 2.5 C= 6.89
Y= 9.0 Y= 7.20
-------------------------------------------------------------------------------------------------------------------
NEW ENGLAND ZENITH FUND
-------------------------------------------------------------------------------------------------------------------
Balanced 10/31/94 Balanced/Open 167.2 13.55
-------------------------------------------------------------------------------------------------------------------
<PAGE>
<CAPTION>
(as of the end of May, 2000)
-------------------------------------------------------------------------------------------------------------------
Month/Date Principal Total Net Asset Net Asset Value
Year Characteristics Value per share ($)
Fund Established ($ million) R=Retail
R=Retail I=Institutional
I=Institutional A=Admin
A=Admin
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Small Cap 5/2/94 Equity/Open 409.7 203.12
-------------------------------------------------------------------------------------------------------------------
UNRELATED FUNDS
-------------------------------------------------------------------------------------------------------------------
Manager's Bond 5/84 Fixed Income/Open 37.5 21.29
-------------------------------------------------------------------------------------------------------------------
Maxim Small-Cap Aggressive Growth 11/1/94 Equity/Open 87.9 1.4013
-------------------------------------------------------------------------------------------------------------------
Maxim Corporate Bond 11/1/94 Fixed Income/Open 19.0 1.0662
-------------------------------------------------------------------------------------------------------------------
Metropolitan High Yield Bond 3/97 Fixed Income/Open 66.3 9.08
-------------------------------------------------------------------------------------------------------------------
</TABLE>
(5) Miscellaneous
Nvest L.P., the parent company of the Investment Management Company on
June 16,2000, agreed to be acquired by Caisse des Depots Group.
Other than the above, there has been, or is, no litigation which had
or is expected to cause a material effect on the Fund and/or the Investment
Management Company during the six months before the filing of this report.
III. FINANCIAL CONDITIONS OF THE FUND
The Fund shall use as the auditors the professional services of
PricewaterhouseCopers.
[The Japanese translation of the financial statement of the Fund to be
incorporated.]
IV. OUTLINE OF THE FINANCIAL STATUS OF THE INVESTMENT MANAGEMENT COMPANY
The Investment Management Company shall use as the auditors the
professional services of Pricewaterhouse Copers. [The Japanese
translation of the financial statement of the Investment Management
Company to be incorporated.]
<PAGE>
AMENDMENT TO SECURITIES REGISTRATION STATEMENT
(for NAV sale)
LOOMIS SAYLES FUNDS - LOOMIS SAYLES INVESTMENT GRADE BOND FUND
(2385)
<PAGE>
AMENDMENT TO SECURITIES REGISTRATION STATEMENT
To: Director of Kanto Financial Bureau
Filing Date: June 30, 2000
Name of the Registrant Trust: LOOMIS SAYLES FUNDS
Name and Official Title of Trustees:
Jeffery L. Meade
Vice President of the Trust
Address of Principal Office: One Financial Center
Boston, Massachusetts 02111
U. S. A.
Name and Title of Registration Agent: Harume Nakano
Attorney-at-Law
Signature [Harume Nakano]
-------------------------
(Seal)
Ken Miura
Attorney-at-Law
Signature [Ken Miura]
---------------------
(Seal)
Address or Place of Business Kasumigaseki Building, 25th Floor
2-5, Kasumigaseki 3-chome
Chiyoda-ku, Tokyo
Name of Liaison Contact: Harume Nakano
Ken Miura
Attorneys-at-Law
Place of Liaison Contact: Hamada & Matsumoto
Kasumigaseki Building, 25th Floor
2-5, Kasumigaseki 3-chome
Chiyoda-ku, Tokyo
Phone Number: 03-3580-3377
<PAGE>
- ii -
PUBLIC OFFERING OR SALE FOR REGISTRATION
Name of the Fund Making Public LOOMIS SAYLES INVESTMENT GRADE
Offering or Sale of Foreign BOND FUND
Investment Fund Securities:
Type and Aggregate Amount of Shares of a series of a diversified
Foreign Investment Fund Securities open-end management investment
to be Publicly Offered or Sold: company organized as a Massachusetts
business trust;
Up to 120 million shares
Up to the amount derived by
multiplying 120 million by
the respective applicable
issue prices (the estimated
maximum amount is
1,172.4 million dollars
(approximately 124.74336
billion yen))
Note 1: U.S.$ amount is translated into Japanese Yen at the rate of
U.S.$l.00=\106.40 the mean of the exchange rate quotations by The
Bank of Tokyo-Mitsubishi, Ltd. for buying and selling spot dollars by
telegraphic transfer against yen on 31st May, 2000.
Note 2: The maximum amount expected to be sold is an amount calculated by
multiplying the net asset value per Class J Share as of January 31,
2000 (U.S.$9.77) by the number of Class J Shares to be offered for
convenience.
PLACES WHERE A COPY OF THIS AMENDMENT TO SECURITIES
REGISTRATION STATEMENT IS AVAILABLE FOR PUBLIC INSPECTION
Not applicable.
(Total number of pages of this Amendment to SRS in
Japanese is 3 including the front page.)
<PAGE>
I. REASON FOR FILING OF THIS AMENDMENT TO SECURITIES REGISTRATION STATEMENT:
This statement purports to amend and update the relevant information of the
Securities Registration Statement ("SRS") filed on March 17, 2000 (amended
in accordance with the Amendment to the SRS filed on March 24, 2000, March
28, 2000 and March 31, 2000) due to the fact that the aforementioned
Semi-annual Report was filed today. The exchange rates used in this
statement to translate the amended amounts of foreign currencies are
different from those used before these amendments, as the latest exchange
rates are used in this statement.
II. CONTENTS OF THE AMENDMENTS
(1) Amendment in accordance with the filing of the aforementioned Semi-Annual
Report
Part II. INFORMATION ON THE ISSUER (page 4 of the original Japanese SRS)
The following matters in the original Japanese SRS are amended to have the
same contents as those provided in the following items of the
aforementioned Semi-annual Report:
<TABLE>
<S><C>
Before amendment After amendment
---------------- ---------------
[Original Japanese SRS] [Aforementioned Semi-annual Report]
I. Description of the Fund I. Status of Investment Portfolio of the Fund
5. Status of Investment Portfolio
(A) Diversification of Investment Portfolio (1) Diversification of Investment Portfolio
(the aforementioned Japanese Semi-annual Report,
page 1)
(B) Results of Past Operations (2) Results of Past Operations
(1) Record of Changes in Net Assets a) Record of Changes in Net Assets
(Regarding the amounts as at the end of (Ditto, page 2)
each month during one-year period (Regarding the amounts as at the end of
from, and including, the latest relevant date each month during one-year period
appertaining to the filing date of the from, and including, the latest relevant date
original Japanese SRS) appertaining to the filing date of the afore-mentioned
Semi-annual Report)
(2) Record of Distributions Paid b) Record of Distributions Paid (Ditto, page 3)
(Regarding the dividends paid at the end of each (Regarding the dividends paid at the end of each
month up to the latest relevant date of the month up to the latest relevant date of the
original Japanese SRS) afore-mentioned Semi-annual Report)
II. Outline of the Fund II. Outline of the Fund
1. Fund 1. Fund
(E) Amount of Capital Share (1) Amount of Capital Share (Ditto, page 5)
<PAGE>
(G) Information Concerning Major Shareholders (2) Information Concerning Major Shareholders (Ditto,
page 5)
(H) Information Concerning Directors, Officers and (3) Information Concerning Directors, Officers and Employees
Employees (Ditto, page 5)
(I) Description of Business and Outline of Operation (4) Description of Business and Outline of Operation
(Ditto, page 7)
(J) Miscellaneous (5) Miscellaneous (Ditto, page 7)
2. Loomis, Sayles & Company, L.P. 2. Loomis, Sayles & Company, L.P.
(Investment Management Company) (Investment Management Company)
(E) Amount of Capital Share (1) Amount of Capital Share (Ditto, page 7)
(G) Information Concerning Major Shareholders (2) Information Concerning Major Shareholders (Ditto,
page 7)
(H) Information Concerning Officers and Employees (3) Information Concerning Officers and Employees
(Ditto, page 8)
(I) Description of Business and Outline of Operation (4) Summary of Business Lines and Business Operation
(Ditto, page 9)
(J) Miscellaneous (5) Miscellaneous (Ditto, page 12)
</TABLE>
With respect to Section IV the Financial Conditions of the Fund in the
original SRS, Item III Financial Conditions of the Fund in the
aforementioned Semi-annual Report (Ditto, from page 13 to 30) is added
to the original SRS.
Part III. SPECIAL INFORMATION (page 5 of the original Japanese SRS)
With respect to Section II the Financial Conditions of the Investment
Management Company in the original SRS, Item IV Financial Conditions of
the Investment Management Company in the aforementioned Semi-annual
Report (Ditto, page 31 and 90) is added to the original SRS.
(2) Other Amendments
PART II. INFORMATION CONCERNING ISSUER
I. DESCRIPTION OF THE FUND (page 4 of the original SRS)
[before amendment]
Same as I. DESCRIPTION OF THE FUND of the Annual Securities Report set forth
below (the Annual Securities Report mentioned below, from page 1 to page 38)
[after amendment]
1. GENERAL INFORMATION
(Omitted)
(E) Affiliated Companies of the Fund:
<PAGE>
Names and related business of the affiliated companies of the Fund are
as follows:
(1) Loomis, Sayles & Company, L.P. ("Investment Management Company"
or "Loomis Sayles") renders investment management services to the
Fund.
(Omitted)
-------------------------------
-------- Investment Management --------
Company
-------------------------------
-----------------------------
Loomis Sayles & Company, L.P.
-----------------------------
-----------------------------
(acts as investment management
of the Fund and investment
adviser concerning the Fund's
assets)
-----------------------------
-----------------------------------------------
(Omitted)
3. MANAGEMENT STRUCTURE
(B) Outline of Disclosure System:
(2) Disclosure in Japan:
a. Disclosure to the Supervisory Authority:
(ii) Disclosure Required under the Law Concerning
Securities Investment Trust Fund and Securities
Investment Company:
When the Fund handles offering or selling of Fund Units in
Japan, the Manager must file with the Director of Financial
Services Agency a prior notification concerning certain
matters relating to the Fund in accordance with the
Declaration of Trust of the Fund, the Law Concerning
Securities Investment Trust Fund and Securities Investment
Company ("the Investment Fund Law"). Also, when the Fund
makes changes to the Declaration of Trust of the fund, the
Manager must file with the Director of Financial Services
Agency a prior notification thereof, including the contents
of such changes. Further, in accordance with the Investment
Fund Law, the Fund must prepare an investment management
report with regard to certain matters relating to the Fund's
assets immediately after the end of each fiscal period of the
Fund and must immediately file the above report with the
Director of Financial Services Agency.
(Omitted)
4. INFORMATION CONCERNING THE EXERCISE OF RIGHTS BY SHAREHOLDERS, ETC.
<PAGE>
(D) Agent in Japan:
(Omitted)
(2) representation in and out of court in connection with any and all
disputes, controversies or differences regarding the transactions
relating to the public offering, sale and repurchase in Japan of the
Shares of the Fund.
The agent for the registration with the Director of Kanto Local
Finance Bureau and the Commissioner of Financial Services Agency of the
initial public offering concerned as well as for the continuous
disclosure is each of the following persons:
Harume Nakano
Ken Miura
Attorneys-at-law
Hamada & Matsumoto
Kasumigaseki Building, 25th Floor
2-5, Kasumigaseki, 3-chome
Chiyoda-ku, Tokyo
(Omitted)
II. OUTLINE OF THE TRUST (page 4 of the original SRS)
[before amendment]
Same as II. OUTLINE OF THE TRUST of the Annual Securities Report set forth below
(Ditto, from page 39 to page 53)
[after amendment]
(Omitted)
2. Loomis, Sayles & Company, L.P. (Investment Management Company)
(A) Law of Place of Incorporation
Loomis Sayles is a limited partnership organized under the Law
of the State of Delaware, U.S.A. Its investment advisory business is
regulated under the Investment Advisers Act of 1940.
(Omitted)
