HANSBERGER INTERNATIONAL FUND

          Supplement dated August 4, 2005 to IXIS Advisor Equity Funds
                Classes A, B and C and Class Y Prospectuses, each
                  dated May 1, 2005, each as may be revised and
                         supplemented from time to time

Trevor Graham has been added as a member of the portfolio team that manages the
international growth segment of the Hansberger International Fund (the "Fund").
The following paragraph is added to the section "Meet the Funds' Portfolio
Managers" of each Prospectus:


Trevor Graham

Trevor Graham has co-managed the international  growth segment of the Hansberger
International  Fund since August 2005. Mr. Graham,  Vice President - Research of
Hansberger,  joined  the firm in 2004.  Prior to joining  Hansberger,  he was an
analyst  at  Phillips,  Hager & North  Investment  Management  Ltd.  Mr.  Graham
received  a  Bachelor  of  Commerce  Degree in  International  Finance  from the
University of Victoria.  He holds the designation of Chartered Financial Analyst
and has over 8 years of investment management experience.


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