SUPPLEMENT  DATED MAY 1, 2004 TO THE STATEMENT OF ADDITIONAL  INFORMATION - PART
II FOR CDC NVEST FUNDS TRUST I, CDC NVEST FUNDS TRUST II AND LOOMIS  SAYLES FUND
II DATED FEBRUARY 1, 2004, AS SUPPLEMENTED FROM TIME TO TIME


THE FOLLOWING TEXT REPLACES THE  SUB-SECTION  ENTITLED  "SMALL  ACCOUNT  POLICY"
WITHIN THE SECTION ENTITLED "SHAREHOLDER SERVICES".

SMALL ACCOUNT POLICY
When your  account  falls  below a set  minimum  as  determined  by the Board of
Trustees from time to time,  the Fund may charge you a fee in the amount of $20.
This does not apply to certain qualified  retirement plans. The Fund will impose
this fee by selling the number of shares from your account  necessary to pay the
fee.  The Funds also  reserve  the right to close your  account and send you the
proceeds if the balance in your account below a set minimum as determined by the
Board of Trustees.


                                                                      SP226-0504