NVEST FUNDS TRUST III, 497, 2000-03-24

NVEST FUNDS TRUST III
497, 2000-03-24

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                              NVEST BULLSEYE FUND
                      (FORMERLY NEW ENGLAND BULLSEYE FUND)

 Supplement dated March 20, 2000 to Nvest Bullseye Fund Prospectus dated May 3,
                        1999 as revised February 1, 2000

Effective  immediately,  Nicholas  E. Moore  replaces  William K. Jurika and Guy
Elliffe as the  portfolio  manager  of Nvest  Bullseye  Fund.  Mr.  Moore,  Vice
President, Principal and Analyst, Equity Research of Jurika & Voyles, joined the
company in June 1998.  Prior to joining  Jurika & Voyles,  Mr.  Moore was a Vice
President and Portfolio Manager at Orbitex Management.  He was formerly with the
Franklin  Templeton Group. Mr. Moore has a B.A. from Menlo College in California
and 14 years of investment experience.







                                                                       SP98-0300