EX-99

Report of Independent Registered Public Accounting Firm


To the Shareholders and Trustees of
IXIS Advisor Funds Trust II

In planning and performing our audit of the financial statements of the
 Harris Associates Large Cap Value Fund, a series of IXIS Advisor Funds
 Trust II (the Fund) as of and for the year ended December 31, 2005, in
 accordance with the standards of the Public Company Accounting
Oversight Board (United States), we considered the Fund?s internal
control over financial reporting, including control activities for
safeguarding securities, as a basis for designing our auditing procedures
 for the purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-SAR, but not for the purpose
of expressing an opinion on the effectiveness of the Fund?s internal
control over financial reporting.  Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining
effective internal control over financial reporting.  In fulfilling this
 responsibility, estimates and judgments by management are required to
assess the expected benefits and related costs of controls.  A companys
internal control over financial reporting is a process designed to provide
reasonable assurance regarding the reliability of financial reporting and
 the preparation of financial statements for external purposes in accordance
 with generally accepted accounting principles.  Such internal control over
 financial reporting includes policies and procedures that provide
reasonable assurance regarding prevention or timely detection of unauthorized
 acquisition, use or disposition of a company?s assets that could have a
material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements.  Also, projections of any evaluation
 of effectiveness to future periods are subject to the risk that controls may
become inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.

A control deficiency exists when the design or operation of a control does not
allow management or employees, in the normal course of performing their
assigned functions, to prevent or detect misstatements on a timely basis.  A
significant deficiency is a control deficiency, or combination of control
deficiencies, that adversely affects the company?s ability to initiate,
authorize, record, process or report external financial data reliably in
accordance with generally accepted accounting principles such that there is
 more than a remote likelihood that a misstatement of the company?s annual or
 interim financial statements that is more than inconsequential will not be
prevented or detected.  A material weakness is a control deficiency, or
 combination of control deficiencies, that results in more than a remote
 likelihood that a material misstatement of the annual or interim financial
 statements will not be prevented or detected.

Our consideration of the Fund?s internal control over financial reporting was
for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control over financial
reporting that might be significant deficiencies or material weaknesses under
 standards established by the Public Company Accounting Oversight Board
(United States).  However, we noted no deficiencies in the Fund?s internal
control over financial reporting and its operation, including controls for
 safeguarding securities, that we consider to be material weaknesses as
defined above as of December 31, 2005.

This report is intended solely for the information and use of management and
the Trustees of IXIS Advisor Funds Trust II and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone other
than these specified parties.



PricewaterhouseCoopers LLP
Boston, Massachusetts
February 23, 2006

EX-99

Exhibit 77(Q)(3)

IXIS Advisor Cash Management Trust

IXIS Advisor Funds Trust I
IXIS Advisor Funds Trust II
IXIS Advisor Funds Trust III
IXIS Advisor Funds Trust IV

Loomis Sayles Funds I
Loomis Sayles Funds II

Amended and Restated Plan pursuant to Rule 18f-3(d)
under the Investment Company Act of 1940

Effective as of August, 2005

Each series of IXIS Advisor Cash Management Trust, IXIS Advisor Funds
Trust I, IXIS Advisor Funds Trust II, IXIS Advisor Funds Trust III, IXIS
Advisor Funds Trust IV, Loomis Sayles Funds I and Loomis Sayles Funds
II (each series individually a Fund and such Trusts collectively the
Trusts) may from time to time issue one or more of the following classes
of shares:  Class A shares, Class B shares, Class C shares, Class J shares,
Class Y shares, Admin Class shares, Institutional Class shares and Retail
Class shares.  Shares of each class of a Fund shall represent an equal
pro rata interest in such Fund and, generally, shall have identical voting,
dividend, liquidation, and other rights, preferences, powers, restrictions,
limitations, qualifications and terms and conditions, except that: (a) each
class shall have a different designation; (b) each class shall bear any
Class Expenses, as defined in below; (c) each class shall have separate
voting rights on any matter submitted to shareholders in which the
interests of one class differ from the interests of any other class,
and shall have exclusive voting rights on any matter submitted to
shareholders that relates solely to that class; and (d) each class may
have different conversion and exchange rights, as described below.  In
addition, each class is subject to such investment minimums and other
conditions of eligibility as are set forth in the Funds prospectuses
(including statements of additional information) as from time to time
in effect.  The differences in expenses among these classes of shares,
and the conversion and exchange features of each class of shares, are
set forth below in this Plan, which is subject to change, to the extent
permitted by law and by the Declaration of Trust and By-Laws of each
Trust, by action of the Board of Trustees of each Trust.  IXIS Advisor
Cash Management Trust (the Money Market Fund) in certain instances
is treated differently.  In such instances, the treatment is specifically
noted.

Initial Sales Charge

Class A shares are offered at a public offering price that is equal to
their net asset value (NAV) plus a sales charge of up to 5.75% of the
public offering price (which maximum may be less for certain Funds, as
described in the Funds prospectuses as from time to time in effect).
The sales charges on Class A shares are subject to reduction or waiver
as permitted by Rule 22d-1 under the Investment Company Act of 1940 (the
1940 Act) and as described in the Funds prospectuses as from time to
time in effect.

Prior to December 1, 2000, Class C shares were offered at a public
offering price equal to their NAV, without an initial sales charge.
From December 1, 2000 through January 31, 2004, Class C shares were
offered at a public offering price that was equal to their net asset
value (NAV) plus a sales charge of 1.00% of the public offering price
(which maximum may be less for certain Funds, as was described in the
Funds then effective prospectuses as may have been in effect from time
to time ).  The sales charges on Class C shares were subject to reduction
or waiver as permitted by Rule 22d-1 under the 1940 Act and as described
in the Funds then effective prospectuses as may have been in effect from
time to time.    On and after February 1, 2004, Class C shares are offered
at a public offering price equal to their NAV, without an initial sales
charge.

Class J shares of the Funds are offered at a public offering price that is
equal to their net asset value (NAV) plus a front end sales charge of up
to 3.50% of the public offering price (which maximum may be less for certain
Funds, as described in the Funds prospectus as from time to time in effect).
The sales charges on Class J shares are subject to reduction or waiver as
permitted by Rule 22d-1 under the 1940 Act and as described in the Funds
prospectuses as from time to time in effect.

Class B, Class C, Class Y, Admin Class, Retail Class and Institutional Class
shares are offered at their NAV, without an initial sales charge.

Class A shares of the Money Market Fund are offered at their net asset
value (NAV), without an initial sales charge.

Contingent Deferred Sales Charge

Purchases of Class A shares of $1 million or more, purchases of Class C
shares or purchases by certain retirement plans as described in the Funds
prospectuses, that are redeemed within one year from purchase are subject
to a contingent deferred sales charge (a CDSC) of 1% of either the
purchase price or the NAV of the shares redeemed, whichever is less.
Class A and C shares are not otherwise subject to a CDSC.

Class B shares that are redeemed within 6 years from purchase are subject
to a CDSC of up to 5% (4% for shares purchased prior to May 1, 1997) of
either the purchase price or the NAV of the shares redeemed, whichever is
less; such percentage declines the longer the shares are held, as described
in the Funds prospectuses as from time to time in effect.  Class B shares
purchased with reinvested dividends or capital gain distributions are not
subject to a CDSC.

The CDSC on Class A, Class B and Class C shares is subject to reduction or
waiver in certain circumstances, as permitted by Rule 6c-10 under the 1940
Act and as described in the Funds prospectuses as from time to time in
effect.

Class J, Class Y, Admin Class, Institutional Class and Retail Class shares
are not subject to any CDSC.

Class A, Class B and Class C shares of the Money Market Fund are offered at
their net asset value (NAV), without a CDSC.

Service, Administration and Distribution Fees

Class A, Class B, Class C, Class J, Admin Class and Retail Class shares pay
distribution and service fees pursuant to plans adopted pursuant to Rule
12b-1 under the 1940 Act (the 12b-1 Plans) for such classes.  Class A,
Class B, Class C, Class J, Admin Class and Retail Class shares also bear
any costs associated with obtaining shareholder approval of any amendments
to a 12b-1 Plan.  There is no 12b-1 Plan for Class Y or Institutional Class
shares.  Amounts payable under the 12b-1 Plans are subject to such further
limitations as the Trustees may from time to time determine and as set forth
in the registration statement of each Fund as from time to time in effect.

Class A, Class B, Class C, Retail Class shares each pay, pursuant to the 12b-1
Plans, a service fee of up to .25% per annum of the average daily net assets
attributable to such class (which percentage may be less for certain Funds,
as described in the Funds registration statements as from time to time in
effect).

Class A shares do not pay a distribution fee pursuant to the 12b-1 Plans.

Class B and Class C shares pay, pursuant to the 12b-1 Plans, a distribution
fee of up to .75% per annum of the average daily net assets attributable to
such class of shares.

Class J shares pay, pursuant to the 12b-1 Plans, distribution and service fees
of up to .75% of the average net assets attributable to Class J shares (which
percentage may be less for certain Funds, as described in the Funds
registration statements as from time to time in effect).

Admin Class shares pay, pursuant to the 12b-1 Plans, distribution and service
fees of up to .25% of the average daily net assets attributable to Admin class
shares.  In addition, Admin Class shares pay administrative fees to certain
financial intermediaries for providing personal service and account maintenance
for their customers who hold Admin class shares.  These fees are paid on the
average daily net assets attributable to Admin Class shares at the annual rate
stated in the Funds registration statements as from time to time in effect.

Class A, Class B and Class C shares of the Money Market Fund do not pay any
distribution or service fees.

Conversion and Exchange Features

Class B shares automatically convert to Class A shares of the same Fund
eight years after purchase, except that Class B shares purchased through the
reinvestment of dividends and other distributions on Class B shares convert
to Class A shares at the same time as the shares with respect to which they
were purchased are converted.  This conversion from Class B shares to Class
A shares occurs once per month for all Class B shares that reach their eighth
year over the course of that particular month.  Class Y shares of a Fund
purchased through wrap fee programs offered by certain broker-dealers will,
upon termination of the holders participation in the wrap fee program and
at the discretion of the broker-dealer, be converted to Class A shares of
the same Fund.


A Retail Class shareholder of a Fund who accumulates shares with a value
greater than or equal to the minimum investment amount for Institutional
Class shares of that same Fund may, at the shareholders option upon written
notice to the Trust, convert the shareholders Retail Class shares of that
Fund into Institutional Class shares of the same Fund at NAV, provided that
the shareholder would otherwise be eligible to purchase Institutional Class
shares of the Fund.  An Institutional Class shareholder may, upon written
notice to the Trust, convert the shareholders Institutional Class shares
into Retail Class shares of the same Fund at NAV if the investment option
or program through which the shareholder invests no longer permits the use
of Institutional Class shares in that option or program or if the
shareholder is otherwise no longer eligible to participate in Institutional
Class shares, provided that the shareholder would otherwise be eligible to
purchase Retail Class shares of the Fund.

Class A, Class C, Class Y, Class J or Admin Class shares do not convert
to any other class of shares.

To the extent provided in the registration statement of the relevant Fund
as from time to time in effect, Class A shares of any Fund may be exchanged,
at the holders option and subject to minimum investment requirements, for
Class A shares of any other Fund that offers Class A shares without the
payment of a sales charge, except that if Class A shares of a Fund are
exchanged for shares of a Fund with a higher sales charge, then the
difference in sales charges must be paid on the exchange.  The holding
period for determining any CDSC will include the holding period of the
shares exchanged.  Class A shares may also be exchanged for Class A
shares of the Money Market Fund, in which case the holding period for
purposes of determining the expiration of the CDSC on such shares, if any,
will stop and will resume only when an exchange is made back into Class A
shares of a Fund other than the Money Market Fund.  If the Money Market
Fund shares received in an exchange are subsequently redeemed for cash,
they will be subject to a CDSC to the same extent that the shares exchanged
would have been subject to a CDSC at the time of the exchange into the
Money Market Fund.  Class A shares of the Money Market Fund so purchased
may be exchanged for Class A shares of a Fund without sales charge or CDSC
to the same extent as the Class A shares exchanged for the Money Market
Fund Class A shares could have been so exchanged.  The holding period for
determining any CDSC for the acquired Fund shares will not include the
period during which the Money Market Fund shares were held, but will include
the holding period for the Class A Fund shares that were exchanged for the
Money Market Fund shares.  Class A shares of the Money Market Fund on which
no sales charge was previously paid or for which no holding period for
purposes of determining the applicable CDSC may be exchanged for Class A
shares of any other Funds on the basis of relative net asset value plus the
sales charge applicable to initial purchases of Class A shares of the other
Fund into which the shareholder is exchanging, and the holding period for
Purposes of determining the CDSC will commence at the time of the exchange.

Class A shares of a Fund acquired in connection with certain deferred
compensation plans offered by New England Life Insurance Company (NELICO)
and its affiliates to any of their directors, senior officers, agents or
general agents may be exchanged, at the holders option and with the
consent of NELICO, for Class Y shares of the same Fund or for Class Y
shares of any other Fund that offers Class Y shares.

To the extent provided in the registration statement of the relevant Fund
as from time to time in effect, Class B shares of any Fund may be exchanged,
at the holders option and subject to minimum investment requirements, for
Class B shares of any other Fund that offers Class B shares, without the
payment of a CDSC.  The holding period for determining the CDSC and the
conversion to Class A shares will include the holding period of the shares
exchanged.  Class B shares of any Fund may also be exchanged for Class B
shares of the Money Market Fund, without the payment of a CDSC, in which
case the holding period for purposes of determining the expiration of the
CDSC on such shares, if any, will stop and will resume only when an exchange
is made back into Class A shares of a Fund other than the Money Market Fund.
If the Money Market Fund shares received in an exchange are subsequently
redeemed for cash, they will be subject to a CDSC to the same extent that
the shares exchanged would have been subject to a CDSC at the time of the
exchange into the Money Market Fund.  If such Money Market Fund shares are
exchanged for Class B shares of a Fund other than the Money Market Fund,
no CDSC will apply to the exchange, and the holding period for the acquired
shares will include the holding period of the shares that were exchanged
for the Money Market Fund shares (but not the period during which the Money
Market Fund shares were held).  Class B shares of the Money Market Fund may
be exchanged for Class B shares of any other Fund on the basis of relative
net asset value, subject to the CDSC schedule of the Fund acquired.  For
purposes of computing the CDSC payable upon redemption of shares acquired by
such exchange, and the conversion of such shares to Class A shares, the
holding period of any other Funds shares that were exchanged for Class B
shares of the Money Market Fund is included, but the holding period of the
Class B shares of the Money Market Fund is not included.

To the extent provided in the registration statement of the relevant Fund
as from time to time in effect, Class C shares of any Fund may be exchanged,
at the holders option and subject to minimum investment requirements, for
Class C shares of any other Fund that offers Class C shares, without payment
of a CDSC.  The holding period for determining the CDSC will include the
holding period of the shares exchanged.  Class C shares may also be exchanged
for Class C shares of the Money Market Fund without the payment of a CDSC
in which case the holding period for purposes of determining the expiration
of the CDSC on such shares, if any, will stop and will resume only when an
exchange is made back into Class C shares of a Fund.  If the Money Market
Fund shares received in an exchange are subsequently redeemed for cash, they
will be subject to a CDSC to the same extent that the shares exchanged would
have been subject to a CDSC at the time of the exchange into the Money
Market Fund.  Class C shares of the Money Market Fund may be exchanged for
Class C shares of any other Fund on the basis of relative net asset value,
subject to the CDSC schedule of the Fund acquired.   Class C shares in
accounts of a Money Market Fund that were established prior to December 1,
2000 or that had previously been subject to a sales charge or that are
established after January 31, 2004, may be exchanged for Class C shares of
a Fund without a sales charge.  Class C shares in accounts of a Money
Market Fund established on or after December 1, 2000 and through January 31,
2004 may have been exchanged into Class C shares of a Fund subject to the
Funds applicable sales charge and CDSC.

To the extent provided in the registration statement of the relevant Fund
as from time to time in effect, Class J shares of any Fund may be exchanged,
at the holders option and subject to minimum investment requirements, for
Class J shares of any other Fund that offers Class J shares without the
payment of a sales charge.

To the extent provided in the registration statement of the relevant Fund as
from time to time in effect, Class Y shares of any Fund may be exchanged,
at the holders option and subject to minimum investment requirements, (i)
for Class Y shares of any other Fund that offers Class Y shares, (ii) for
Institutional Class of any other Fund that offers Institutional Class or (iii)
for Class A shares of the Money Market Fund that does not offer Class Y
shares or Institutional Class shares to the general public.

To the extent provided in the registration statement of the relevant Fund
as from time to time in effect, Admin Class shares of any Fund may be
exchanged, at the holders option and subject to minimum investment
requirements, for Admin Class shares of any other Fund that offers Admin
Class shares without the payment of a sales charge.  Admin Class shares
may also be exchanged for Class A shares of the Money Market Fund.

To the extent provided in the registration statement of the relevant Fund
as from time to time in effect, Institutional Class shares of any Fund may
be exchanged, at the holders option and subject to minimum investment
requirements, (i) for Institutional Class shares of any other Fund that
offers Institutional Class shares, (ii) for Class Y shares of any other
Fund that offers Class Y shares or (iii) for Class A shares of the Money
Market Fund that does not offer Class Y shares or Institutional Class
shares to the general public.

To the extent provided in the registration statement of the relevant Fund
as from time to time in effect, Retail Class shares of any Fund may be
exchanged, at the holders option and subject to minimum investment
requirements, for Retail Class shares of any other Fund that offers Retail
Class shares without the payment of a sales charge.  Retail Class shares
may also be exchanged for Class A shares of the Money Market Fund.

All exchanges are subject to the eligibility requirements or other
restrictions of the Fund to which the shareholder is exchanging.  The Funds
reserve the right to terminate or limit the exchange privilege of any
shareholder deemed to be engaging in market timing activity as defined in
the Funds prospectuses as from time to time in effect.  The Funds may
terminate or change the exchange privilege at any time upon 60 days
notice to shareholders.

Allocation of Income and Expenses

Each Class of shares pays the expenses associated with its different
distribution and shareholder servicing arrangements (Account Expenses).
Each class of shares may, at the Trustees discretion, also pay a
different share of other expenses (together with 12b-1 fees and Account
Expenses, Class Expenses), not including advisory fees or other
expenses related to the management of the Trusts assets, if these
expenses are actually incurred in a different amount by that class, or
if the class receives services of a different kind or to a different
degree than other classes.

The gross income of each Fund generally shall be allocated to each class
on the basis of net assets. To the extent practicable, certain expenses
(other than Class Expenses as defined above, which shall be allocated more
specifically) shall be subtracted from the gross income on the basis of
the net assets of each class of each Fund. These expenses include:

* Expenses incurred by a Trust (including, but not limited to,
fees of Trustees, insurance and legal counsel) not attributable to a
particular Fund or to a particular class of shares of a Fund (Trust
Level Expenses); and

* Expenses incurred by a Fund not attributable to any particular
class of the Funds shares (for example, advisory fees, custodial fees,
or other expenses relating to the management of the Funds assets)
(Fund Expenses).

Expenses of a Fund shall be apportioned to each class of shares depending
upon the nature of the expense item.  Trust Level Expenses and Fund Expenses
shall be allocated among the classes of shares based on their relative net
assets in relation to the net assets of the relevant Trust.  Approved Class
Expenses shall be allocated to the particular class to which they are
attributable.  However, if a Class Expense can no longer be attributed to a
class, it will be charged to a Fund for allocation among classes in
proportion to the net assets of each such class.  Any additional Class
Expenses not specifically identified above which are subsequently identified
and determined to be properly allocated to one class of shares shall not
be so allocated until approved by the Board of Trustees of the Trust in light
of the requirements of the 1940 Act and the Internal Revenue Code of 1986, as
amended (the Code).

Each Trust reserves the right to utilize any other appropriate method to
allocate income and expenses among the classes, including those specified
in Rule 18f-3(c)(1), provided that a majority of the Trustees and a
majority of the Independent Trustees determine that the method is fair to
the shareholders of each class and consistent with the requirements of
Rule 18f-3.


- -6-