LOOMIS SAYLES INVESTMENT TRUST
497, 2000-10-30
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                         LOOMIS SAYLES INVESTMENT TRUST

    SUPPLEMENT DATED OCTOBER 30, 2000 TO THE LOOMIS SAYLES INVESTMENT TRUST
PROSPECTUSES DATED FEBRUARY 1, 2000

    CDC Asset Management, the investment management arm of France's Caisse des
Depots Group, has completed its acquisition of Nvest, L.P. and Nvest Companies,
L.P. As a result CDC Asset Management owns, directly or indirectly, a
controlling interest in Loomis, Sayles & Company, L.P., which serves as
investment adviser to the Funds.

    The Nvest-CDC Asset Management transaction involved a change of ownership of
Nvest, which may be deemed to have caused a "change of control" of Loomis,
Sayles & Company, L.P., even though Loomis, Sayles & Company, L.P.'s operations
did not change as a result. As required by the Investment Company Act of 1940,
which regulates investment companies such as your Fund, each Fund's shareholders
approved new investment advisory agreement(s) for the Fund to ensure that there
is no interruption in the services Loomis, Sayles & Company, L.P. provides to
the Fund. Each new investment advisory agreement is effective as of October 30,
2000.


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