LOOMIS SAYLES INVESTMENT TRUST
497, 2000-08-07
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                         LOOMIS SAYLES INVESTMENT TRUST

                     SUPPLEMENT DATED AUGUST 7, 2000 TO THE
                LOOMIS SAYLES SMALL COMPANY VALUE FUND PROSPECTUS
                             DATED FEBRUARY 1, 2000

The following replaces the information as it relates to the Loomis Sayles Small
Company Value Fund under "Portfolio Managers" in the prospectus:

LOOMIS SAYLES SMALL COMPANY VALUE FUND Joseph R. Gatz and Daniel G. Thelan, Vice
Presidents of Loomis Sayles and of Loomis Sayles Investment Trust, have served
as portfolio managers of the Fund since 2000. Prior to joining Loomis Sayles in
1999, Mr. Gatz was a portfolio manager at Banc One Investment Advisers
Corporation and certain of its predecessors since 1993. Prior to joining Loomis
Sayles in 1996, Mr. Thelan was a manager at PricewaterhouseCoopers LLP.


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