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LOOMIS SAYLES INVESTMENT TRUST
SUPPLEMENT DATED NOVEMBER 29, 1999 TO THE
LOOMIS SAYLES CORE FIXED INCOME FUND PROSPECTUS AND STATEMENT OF ADDITIONAL
INFORMATION DATED JANUARY 1, 1999
The following changes are effective December 1, 1999:
Michael J. Millhouse will serve as co-portfolio manager of the Loomis
Sayles Core Fixed Income Fund. Mr. Millhouse is Chief Investment Officer of
Loomis Sayles' Core Bond Group and Executive Vice President and Director of
Loomis, Sayles & Company, L.P. Mr. Millhouse has been employed by Loomis
Sayles for more than five years. He will manage the Fund with William F.
Camp, Vice President of the Trust and of Loomis Sayles, who has managed the
Fund since its inception.
The Fund will ordinarily invest at least 90% of its assets in fixed
income securities that are rated investment grade by either Moody's Investors
Service or Standard & Poor's, or that are not rated but are determined by
Loomis Sayles to be of comparable quality to securities that are rated
investment grade. The Fund may invest up to 10% of its assets in rated or
unrated fixed income securities of below investment grade quality (commonly
referred to as "junk bonds").
The management fee for the Fund will be 0.35% of the Fund's average
daily net assets. In addition, Loomis Sayles has voluntarily agreed, for an
indefinite period, to limit the Fund's Total Operating Expenses to 0.50% of
the Fund's average daily net assets.
