Exhibit (h)(2)(ii)
                              NVEST FUNDS TRUST I
                              NVEST FUNDS TRUST II
                             NVEST FUNDS TRUST III
                          NVEST CASH MANAGEMENT TRUST
                      NVEST TAX EXEMPT MONEY MARKET TRUST

                    Amendment dated December 1, 2000 to the
            Administrative Services Agreement dated October 30, 2000
            --------------------------------------------------------

The following information replaces in its entirety section 3. Compensation and
Expenses, in the Administrative Services Agreement dated October 30, 2000:

3.   Compensation and Expenses.

(a)  For the services provided by NSC hereunder, the Trusts shall pay NSC the
greater of the following:

     (1)    an annual minimum fee payable in equal monthly installments of $2.5
     million.  This minimum fee would only apply when and if the collective
     average nets assets of the existing Trusts dropped below $7,155,000,000; or

     (2)    a monthly fee (accrued daily) based on the Trusts' average daily net
     assets during the calendar month, such fee being calculated at the
     annualized rates set forth below:

       Average Daily Net Assets                     Annualized Fee Rate
       ------------------------              As a % of Average Daily Net Assets
-------------------------------------------------------------------------------
$0 - $5 billion                             0.0350%
-------------------------------------------------------------------------------
Next $5 billion                             0.0325%
-------------------------------------------------------------------------------
Over $10 billion                            0.0300%
-------------------------------------------------------------------------------

(3)     in addition, all new funds that become effective after January 1, 2001
would be subject to a fee the greater of the basis point fee or an annual
administration fee of $100,000 for multi-manager Star products and $70,000
for funds managed by a single subadviser, or adviser in the absence of a
subadviser.


Subject to each party's right to terminate this Agreement pursuant to Section 7
hereof, the Administrator and the Fund agree that the fees as set forth in this
Amendment shall remain in effect for a period of one year commencing December 1,
2000.  Upon the expiration of such one year period, the Administrator and the
Fund hereby agree to negotiate in good faith any such changes as they may deem
necessary.

NVEST FUNDS TRUST I               NVEST SERVICES COMPANY, INC.
NVEST FUNDS TRUST II
NVEST FUNDS TRUST III
NVEST CASH MANAGEMENT TRUST
NVEST TAX EXEMPT MONEY
   MARKET TRUST


BY:/s/ John T. Hailer                             BY: /s/ Christopher L. Wilson
   ----------------------                             ------------------------
John T. Hailer, President                         Christopher L. Wilson