Supplement dated August 30, 2000 to the May 1, 2000
                   Statement of Additional Information-Part II
                      For Nvest Funds Trusts I, II and III

              Nvest Star Advisers Fund, Nvest Star Small Cap Fund,
        Nvest Star Value Fund and Nvest Star Worldwide Fund (the "Funds")

         The following information supplements the section in the Funds'
              Statement of Additional Information-Part II captioned
             "Distribution Agreement and Rule 12b-1 Plans-All Funds"

For the period from May 15, 2000 through September 29, 2000, the Distributor may
reallow to participating  investment  dealers 100% of the  commissionable  sales
charge  on  sales  of each  Fund's  Class A  shares.  During  this  period,  the
Distributor may pay participating investment dealers an additional commission of
0.50% on sales of such Funds' Class B shares and on sales of  $1,000,000 or more
of such Funds' Class A shares,  and an additional  0.25% on sales of such Funds'
Class C shares.

For the purpose of the foregoing,  "sales" do not include  exchanges made at net
asset value from another Nvest Fund.

                                                                      SP101-0800