NEW ENGLAND FUNDS TRUST I
                        NEW ENGLAND FUNDS TRUST II
                                     
 Supplement dated October 31, 1995 to New England Stock Funds Prospectuses
                             dated May 1, 1995
                      and as Revised August 21, 1995
                                     
The following paragraphs are added to the section of the Prospectuses
captioned "Fund Management" for New England Capital Growth Fund, New
England Balanced Fund, New England Growth Fund, New England International
Equity Fund, New England Star Advisers Fund, New England Value Fund and New
England Growth Opportunities Fund (the "Funds"):

 The investment adviser of each Fund (other than New England Growth Fund
 and New England Star Advisers Fund), and the subadviser of New England
 Growth Opportunities Fund, are wholly-owned subsidiaries of New England
 Investment Companies, L.P. ("NEIC").  NEIC is the indirect owner of a
 majority limited partnership interest in New England Growth Fund's
 investment adviser.  NEIC serves as investment adviser to New England
 Star Advisers Fund.  Loomis, Sayles & Company, L.P. ("Loomis Sayles"),
 one of New England Star Advisers Fund's subadvisers, is also a wholly-
 owned subsidiary of NEIC.  New England Mutual Life Insurance Company
 ("The New England") owns NEIC's sole general partner and a majority of
 the limited partnership interest in NEIC.  The New England and
 Metropolitan Life Insurance Company ("MetLife") have entered into an
 agreement to merge, with MetLife to be the survivor of the merger.  The
 merger is conditioned upon, among other things, approval by the
 policyholders of The New England and MetLife and receipt of certain
 regulatory approvals.  The merger is not expected to occur until after
 December 31, 1995.

 The merger of The New England into MetLife is being treated, for purposes
 of the Investment Company Act of 1940 (the "Act"), as an "assignment" of
 the existing investment advisory agreements and the subadvisory
 agreements with NEIC and its affiliate companies.  Under the Act, such an
 "assignment" will result in the automatic termination of those
 agreements, effective at the time of the merger.  In the case of New
 England Star Advisers Fund, the subadvisory agreements between NEIC and
 the Fund's three subadvisers other than Loomis Sayles provide that they
 will terminate automatically upon any termination of the Fund's
 investment advisory agreement with NEIC.  Those subadvisory agreements
 will also terminate at the time of the merger.  Prior to the merger,
 shareholders of the Funds will be asked to approve new investment
 advisory and subadvisory agreements, intended to take effect at the time
 of the merger.  A proxy statement describing the new agreements will be
 sent to shareholders of the Funds prior to their being asked to vote on
 the new agreements.
     
The following paragraphs are added to the section of the Prospectuses
captioned "Fund Management" for New England International Equity Fund:

 NEIC, the parent company of Draycott Partners, Ltd. ("Draycott"), has
 agreed to sell Draycott to Cursitor Holdings, Ltd. U.K. ("Cursitor").
 Draycott serves as the investment adviser to the Fund.  The sale is
 expected to occur in late December, 1995.  The sale is subject to a
 number of conditions, including approval by the Fund's shareholders of
 new investment advisory arrangements for the Fund.  Under these new
 arrangements, New England Funds Management, L.P., a subsidiary of NEIC,
 would become the Fund's investment adviser, and Draycott would continue
 to be responsible, as subadviser, for the day-to-day management of the
 Fund's investment portfolio.  A proxy statement describing the new
 arrangements will be sent to shareholders of the Fund prior to their
 being asked to vote on the new arrangements.  No changes in the Fund's
 investment objective or policies, or in the portfolio management
 personnel responsible for the Fund's day-to-day investment management,
 are contemplated in connection with the sale.

 Cursitor, headquartered at 66 Buckingham Gate, London, England SW1E 6AU,
 is an international investment management group that had approximately
 $9.4 billion of assets under management at September 30, 1995.

 On October 24, 1995, Alliance Capital Management, L.P. ("Alliance
 Capital") announced that it had agreed in principle to acquire the
 business of Cursitor and of an affiliated company, Cursitor-Eaton Asset
 Management Company.  If consummated, this acquisition would result in
 Draycott becoming a wholly-owned subsidiary of a new entity, Cursitor
 Alliance LLC, in which Alliance Capital would own a 93% interest.
 Alliance Capital Management Corporation ("ACMC"), the sole general
 partner of, and the owner of a 1% general partnership interest in,
 Alliance Capital, is an indirect wholly-owned subsidiary of The Equitable
 Life Assurance Society of the United States, which is a wholly-owned
 subsidiary of The Equitable Companies Incorporated, a holding company
 controlled by AXA, a French insurance holding company.

The following paragraphs are added to the section of the Prospectuses
captioned "Buying Fund Shares" for each of the Funds:

 Investment checks should be made payable to New England Funds.

 New England Funds will accept second-party checks (up to $10,000) for
 investments into existing accounts only.  (A second-party check is a
 check made payable to a New England Funds shareholder which the
 shareholder has endorsed to New England Funds for deposit into an account
 registered to the shareholder.)

 New England Funds will NOT accept third-party checks, except certain
 third-party checks issued by other mutual fund companies, broker dealers
 or banks representing the transfer of retirement assets.  (A third-party
 check is a check made payable to a party which is not a New England Funds
 shareholder, but which has been ultimately endorsed to New England Funds
 for deposit into an account.)

The following sentence is added to the section of the Prospectuses
captioned "Buying Fund Shares--Growth Fund Eligibility":

 Shares of New England Growth Fund are available for purchase by 401(k)
retirement plans.