Exhibit (b)(3)


                             CDC NVEST FUNDS TRUST I


               Amendment to the By-Laws (adopted August 23, 2002)

The following Article 9.5 is hereby removed from the By-Laws:

                                   ARTICLE 9.5

9.5     Limitations on Investment by the Trust in Securities of Any One Issuer.
The Trust may not purchase for its portfolio or for the portfolio of any class
or series of the Trust's shares the securities of any issuer if immediately
after such purchase the Trust or that class or series would thereupon hold
securities representing more than 10% of the voting securities of such issuer as
disclosed in the last available financial statements of such issuer. This
limitation shall not apply to obligations issued or guaranteed by the government
of the United States of America or to obligations of any corporation organized
under a general Act of Congress if such corporation is an instrumentality of the
United States. For purposes of this limitation, each state and each political
subdivision, agency, authority or instrumentality thereof and each multistate
agency and authority shall be considered a separate issuer.

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