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LOOMIS SAYLES INVESTMENT TRUST
Supplement dated July 12, 2000 to the Prospectuses and Statements of
Additional Information dated February 1, 2000.
Loomis, Sayles & Company, L.P.'s parent company, Nvest, L.P., and its
affiliated operating partnership, Nvest Companies, L.P., have entered into an
agreement for CDC Asset Management to acquire all of their outstanding
partnership units. CDC Asset Management is the investment management arm of
France's Caisse des Depots Group, which is a major diversified financial
institution. Nvest will be renamed CDC Asset Management-North America and
will continue to use the holding company structure. Nvest affiliates,
including Loomis Sayles, will retain their investment independence, brand
names, management and operating autonomy. The transaction will not affect
daily operations of the Funds or the investment management activities of
Loomis Sayles.
Consummation of the transaction with CDC is subject to a number of
contingencies, including regulatory approvals and approval of the unitholders
of Nvest, L.P. and Nvest Companies, L.P. Under the rules for mutual funds,
the transaction may result in a change of control for Loomis Sayles and,
therefore, an assignment of the Funds' investment advisory agreements with
Loomis Sayles, which generally results in the termination of these
agreements. Consequently, it is anticipated that Loomis Sayles will seek
approval of new investment advisory agreements from the Funds' Board of
Trustees and shareholders prior to the consummation of the transaction. The
transaction is expected to close in the fourth quarter of 2000.
