497 1 d19714_497.txt Supplement dated July 21, 2006 to the Statement of Additional Information - Part II for IXIS Advisor Funds Trust I, IXIS Advisor Funds Trust II and Loomis Sayles Funds II dated February 1, 2006, as may be revised and supplemented from time to time Effective May 1, 2006, Russell L. Kane succeeded Kristen S. Vigneaux as the Chief Compliance Officer for Mutual Funds. Accordingly, the table following the second paragraph in the section "Management of the Trust" is revised to delete all references to Kristen S. Vigneaux and to add the following:
-------------------------------------------------------------------------------------------------------------------------- Officers of the Trusts -------------------------------------------------------------------------------------------------------------------------- Name and Date of Birth Position(s) Held Term of Office and Principal Occupation(s) During Past 5 Years with the Trust Length of Time Served -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Russell L. Kane Chief Compliance Chief Compliance Chief Compliance Officer for Mutual Funds, Vice (7/23/69) Officer; Officer, since May President, Associate General Counsel, Assistant Assistant 2006; Assistant Secretary and Assistant Clerk, IXIS Asset Management Secretary Secretary since Distributors, L.P. and IXIS Asset Management Advisors, June 2004 L.P.; Vice President, Associate General Counsel, Assistant Secretary and Assistant Clerk, IXIS Asset Management Distribution Corporation; formerly, Senior Counsel, Columbia Management Group. --------------------------------------------------------------------------------------------------------------------------
Effective July 1, 2006, Edward A. Benjamin became Chairman of the Contract Review and Governance Committee (the "Committee") succeeding Kenneth J. Cowan, who remains as a member of the Committee. Accordingly, the table after paragraph two in the section "Management of the Trusts" and the listing of committee membership of the Trustees after paragraph three in the sub-section "Standing Board Committees" are revised as follows with regard to Messrs. Benjamin and Cowan:
---------------------------------------------------------------------------------------------------------------------------- Name and Date of Birth Position(s) Held with the Principal Occupation(s) Number of Portfolios in Fund Trust, Length of Time During Past 5 Years** Complex Overseen*** Served and Term of Office* and Other Directorships Held ---------------------------------------------------------------------------------------------------------------------------- INDEPENDENT TRUSTEES ---------------------------------------------------------------------------------------------------------------------------- Edward A. Benjamin (5/30/38) Trustee since 2003 for IXIS Retired 38 Advisor Funds Trust I, IXIS Advisor Funds Trust II, IXIS Director, Precision Optics Advisor Funds Trust III and Corporation (optics IXIS Advisor Funds Trust IV manufacturer) Chairman of the Contract Review and Governance Committee ----------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------- Name and Date of Birth Position(s) Held with the Principal Occupation(s) Number of Portfolios in Fund Trusts, Length of Time During Past 5 Years** Complex Overseen*** Served and Term of Office* and Other Directorships Held ---------------------------------------------------------------------------------------------------------------------------- Kenneth J. Cowan (4/5/32) Trustee since 1993 for IXIS Retired 38 Advisor Funds Trust I; since 1975 for IXIS Advisor Funds None Trust II; since 1995 for IXIS Advisor Funds Trust III; and since 2000 for IXIS Advisor Funds Trust IV Contract Review and Governance Committee Member (formerly, Co-Chairman of the Board, August 2004 - November 2005) ----------------------------------------------------------------------------------------------------------------------------
The current membership of each committee is as follows: Audit Committee Contract Review and Governance Committee Daniel M. Cain - Chairman Edward A. Benjamin- Chairman John A. Shane Graham T. Allison, Jr. Cynthia L. Walker Charles D. Baker Paul G. Chenault Kenneth J. Cowan Richard Darman As chairperson of the Board of Trustees, Ms. Moose is an ex officio member of both Committees. SP308-0606R