EX-99.77D POLICIES

SUB-ITEM 77D: Policies with Respect to Security Investments


NATIXIS INCOME FUNDS

Effective August 14, 2008, Natixis Income Diversified Portfolio may also
invest in swaps (including credit default swaps ("CDS")) and other
derivatives. As a means of limiting the risks associated with the use of
CDS, Loomis Sayles will internally limit the aggregate notional value of
all outstanding CDS used for non-hedging purposes to 20% of the total
assets of the Fund, as measured at the time of the transaction.



Exhibit 77Q1(b)

EX-99.77D POLICIES

AMENDED AND RESTATED
BY-LAWS
OF
NATIXIS FUNDS TRUST I

(September 23, 2008)

ARTICLE 1
Agreement and Declaration
of Trust and Principal Office

1.1	Agreement and Declaration of Trust.  These Amended and
Restated By-Laws shall be subject to the Third Amended and Restated
Agreement and Declaration of Trust, as from time to time in effect
(the "Declaration of Trust"), of Natixis Funds Trust I (the "Trust"),
the Massachusetts business trust established by the Declaration of
Trust.
1.2	Principal Office of the Trust.  The principal office of the
Trust shall be located in Boston, Massachusetts.
ARTICLE 2
Meetings of Trustees

2.1	Regular Meetings.  Regular meetings of the Trustees may be
held without call or notice at such places and at such times as the
Trustees may from time to time determine, provided that notice of the
first regular meeting following any such determination shall be given
to absent Trustees.
2.2	Special Meetings.  Special meetings of the Trustees may be
held, at any time and at any place designated in the call of the
meeting, when called by the Chairman of the Board, if any, the
President, the Treasurer, any Vice President, the Secretary or an
Assistant Secretary or by two or more Trustees, with sufficient notice
thereof being given to each Trustee by the Secretary or an Assistant
Secretary or by the officer or the Trustees calling the meeting.
2.3	Notice.  It shall be sufficient notice to a Trustee of a
special meeting to send notice of the time, date and place of such
meeting by (a) mail or courier at least forty-eight hours in advance
of the meeting; (b) by telegram, telefax, e-mail or by other electro-
mechanical means addressed to the Trustee at his or her usual or last
known business or residence address (or fax number or e-mail address
as the case may be) at least twenty-four hours before the meeting; or
(c) to give notice to him or her in person or by telephone at least
twenty-four hours before the meeting.  Notice of a meeting need not be
given to any Trustee if a written waiver of notice, executed by him or
her before or after the meeting, is filed with the records of the
meeting, or to any Trustee who attends the meeting without protesting
prior thereto or at its commencement the lack of notice to him or her.
Except as required by law, neither notice of a meeting nor a waiver of
a notice need specify the purposes of the meeting.
2.4	Quorum.  At any meeting of the Trustees a majority of the
Trustees then in office shall constitute a quorum.  Any meeting may be
adjourned from time to time by a majority of the votes cast upon the
question, whether or not a quorum is present, and the meeting may be
held as adjourned without further notice to any Trustee who was
present at the time of such adjournment; notice of the time and place
of any adjourned session of any such meeting shall, however, be given
in a manner provided in Section 2.3 of these By-Laws to each Trustee
who was not present at the time of such adjournment.
2.5	Action by Vote.  When a quorum is present at any meeting, a
majority of Trustees present may take any action, except when a larger
vote is expressly required by law, by the Declaration of Trust or by
these By-Laws.  Subject to applicable law, the Trustees by majority
vote may delegate to any one of their number their authority to
approve particular matters or take particular actions on behalf of the
Trust.
2.6	Action by Writing.  Except as required by law, any action
required or permitted to be taken at any meeting of the Trustees may
be taken without a meeting if a majority of the Trustees (or such
larger proportion thereof as shall be required by any express
provision of the Declaration of Trust or these By-Laws) consent to the
action in writing and such written consents are filed with the records
of the meetings of the Trustees.  Such consent shall be treated for
all purposes as a vote taken at a meeting of Trustees.   Written
consents of the Trustees may be executed in one or more counterparts.
Execution of a written consent or waiver and delivery thereof to the
Trust may be accomplished by telefax, e-mail or other electro-
mechanical means.
2.7	Presence through Communications Equipment.  Except as
required by applicable law, the Trustees may participate in a meeting
of Trustees by means of a conference telephone or similar
communications equipment by means of which all persons participating
in the meeting can hear each other at the same time, and participation
by such means shall constitute presence in person at a meeting.
ARTICLE 3
Officers

3.1 	Enumeration; Qualification. The officers of the Trust shall
be a President, a Treasurer, a Secretary, an Assistant Treasurer, an
Assistant Secretary and such other officers, if any, as the Trustees
from time to time may in their discretion elect. The Trust may also
have such agents as the Trustees from time to time may in their
discretion appoint. If one or more Chairmen of the Board are elected,
each such person shall be a Trustee and may, but need not be, a
Shareholder, and shall be considered an officer of the Board of
Trustees and not of the Trust. Any other officer may be, but none need
be, a Trustee or Shareholder. Any two or more offices may be held by
the same person.

3.2 	Election and Tenure. The President, the Treasurer and the
Secretary, and such other officers as the Trustees may in their
discretion from time to time elect shall each be elected by the
Trustees to serve until his or her successor is elected or qualified,
or until he or she sooner dies, resigns, is removed or becomes
disqualified. Each officer shall hold office and each agent shall
retain authority at the pleasure of the Trustees.
3.3 	Powers. Subject to the other provisions of these By-Laws,
each officer shall have, in addition to the duties and powers herein
and set forth in the Declaration of Trust, such duties and powers as
are commonly incident to the office occupied by him or her as if the
Trust were organized as a Massachusetts business corporation and such
other duties and powers as the Trustees may from time to time
designate.

3.4 	President and Vice Presidents. The President shall have the
duties and powers specified in these By-Laws and shall have such other
duties and powers as may be determined by the Trustees. Any Vice
Presidents shall have such duties and powers as shall be designated
from time to time by the Trustees.

3.5 	Chief Executive Officer. The Chief Executive Officer of the
Trust shall be the President or such other officer as is designated as
such by the Trustees and shall, subject to the control of the
Trustees, have general charge and supervision of the business of the
Trust.

3.6 	Chairman of the Board. If a Chairman of the Board of
Trustees is elected, he or she shall have the duties and powers
specified in these By-Laws and shall have such other duties and powers
as may be determined by the Trustees. Except as the Trustees or the
By-Laws shall otherwise determine or provide, the Chairman will
preside at all meetings of the Shareholders and of the Trustees.
Except to the extent the Trustees otherwise determine, if the Chairman
is absent for a meeting of the Board of Trustees or if there is no
Chairman, either the Chairman of the Contract Review and Governance
Committee or the Chairman of the Audit Committee shall preside, as
determined by the Board of Trustees. Except as the Trustees otherwise
determine, if the Chairman is absent for a meeting of the
Shareholders, the President of the Trust or such other officer of the
Trust as is designated by the President shall preside.  If the
Trustees determine to have two or more Co-Chairmen of the Board, the
duties of Chairman (including presiding at meetings of the Trustees)
shall be shared among the Co-Chairmen in such manner as the Trustees
may from time to time determine.

3.7	Treasurer; Assistant Treasurer. The Treasurer shall be the
chief financial and accounting officer of the Trust, and shall,
subject to the provisions of the Declaration of Trust and to any
arrangement made by the Trustees with a custodian, investment adviser
or manager, administrator or transfer, shareholder servicing or
similar agent, be in charge of the valuable papers, books of account
and accounting records of the Trust, and shall have such other duties
and powers as may be designated from time to time by the Trustees or
by the President.

Any Assistant Treasurer shall have the duties and powers specified in
these By-Laws and may perform such duties of the Treasurer as the
Treasurer or the Trustees may assign, and, in the absence of the
Treasurer, an Assistant Treasurer may perform all of the duties of the
Treasurer.

3.8 	Secretary; Assistant Secretary. The Secretary or an
Assistant Secretary shall record all proceedings of the Shareholders
and the Trustees in books to be kept therefor, which books or a copy
thereof shall be kept at the principal office of the Trust. In the
absence of the Secretary from any meeting of the Shareholders or
Trustees, an Assistant Secretary, or if there be none or if he or she
is absent, a temporary secretary chosen at such meeting shall record
the proceedings thereof in the aforesaid books.

Any Assistant Secretary shall have the duties and powers specified in
these By-Laws and may perform such duties of the Secretary as the
Secretary or the Board of Trustees may assign, and, in the absence of
the Secretary, an Assistant Secretary may perform all of the duties of
the Secretary.

3.9 	Chief Legal Officer. The Chief Legal Officer shall,
pursuant to Section 307 of the Sarbanes-Oxley Act of 2002, review all
reports of potential material violations of securities laws, breach of
fiduciary duty or similar violations "up the ladder" to the Funds,
evaluate the merits of the reports, and direct investigative next
steps as applicable and shall perform such other duties as the Board
may from time to time determine.

3.10 	Chief Compliance Officer. The Chief Compliance Officer
shall, pursuant to Rule 38a-1 under the Investment Company Act of
1940, administer the funds' compliance policies and procedures and
shall perform such other duties as the Board may from time to time
determine.

3.11 	Anti-Money Laundering Officer. The Anti-Money Laundering
Officer will administer the Trust's anti-money laundering compliance
activities and shall perform such other duties as the Board may from
time to time determine.

3.12 	Resignations; Removals. Any officer may resign at any time
by written instrument signed by him or her and delivered to the
Chairman, if any, the President or the Secretary, or to a meeting of
the Trustees. Such resignation shall be effective upon receipt unless
specified to be effective at some other time. The Trustees may remove
any officer with or without cause. Except to the extent expressly
provided in a written agreement with the Trust, no officer resigning
and no officer removed shall have any right to any compensation for
any period following his or her resignation or removal, or any right
to damages on account of such removal.

ARTICLE 4
Committees

4.1	Quorum; Voting.  Except as provided below or as otherwise
specifically provided in the resolutions constituting a Committee of
the Trustees and providing for the conduct of its meetings or in the
charter of such committee adopted by the Trustees, a majority of the
members of any Committee of the Trustees shall constitute a quorum for
the transaction of business, and any action of such a Committee may be
taken at a meeting by a vote of a majority of the members present (a
quorum being present) or evidenced by one or more writings signed by
such a majority.  If a quorum is not otherwise present with respect to
a Committee, the Chair of the Board of Trustees will be considered a
member of the Committee for purposes of determining whether a quorum
is present, but will not be considered a member of the Committee for
purposes of determining whether any action has been approved by a
majority of the members present. Members of a Committee may
participate in a meeting of such Committee by means of a conference
telephone or other communications equipment by means of which all
persons participating in the meeting can hear each other at the same
time and participation by such means shall constitute presence in
person at a meeting.
Except as specifically provided in the resolutions constituting a
Committee of the Trustees and providing for the conduct of its
meetings or in the charter of such committee adopted by the Trustees,
Article 2, Section 2.3 of these By-Laws relating to special meetings
of the Trustees shall govern the notice requirements for Committee
meetings, provided, however, that such notice need be given only to
the Trustees who are members of such Committee.

ARTICLE 5
Indemnification

5.1	Trustees, Officers, etc.  The Trust shall indemnify each of
its Trustees and officers (including persons who serve at the Trust's
request as directors, officers or Trustees of another organization in
which the Trust has any interest as a shareholder, creditor or
otherwise) (hereinafter referred to as a "Covered Person") against all
liabilities and expenses, including but not limited to amounts paid in
satisfaction of judgments, in compromise or as fines and penalties,
and counsel fees reasonably incurred by any Covered Person in
connection with the defense or disposition of any action, suit or
other proceeding, whether civil or criminal, before any court or
administrative or legislative body, in which such Covered Person may
be or may have been involved as a party or otherwise or with which
such Covered Person may be or may have been threatened, while in
office or thereafter, by reason of any alleged act or omission as a
Trustee or officer or by reason of his or her being or having been
such a Covered Person except with respect to any matter as to which
such Covered Person shall have been finally adjudicated in any such
action, suit or other proceeding not to have acted in good faith in
the reasonable belief that such Covered Person's action was in the
best interests of the Trust and except that no Covered Person shall be
indemnified against any liability to the Trust or its Shareholders by
reason of willful misfeasance, bad faith, gross negligence or reckless
disregard of the duties involved in the conduct of such Covered
Person's office.  Expenses, including counsel fees so incurred by any
such Covered Person (but excluding amounts paid in satisfaction of
judgments, in compromise or as fines or penalties), shall be paid from
time to time by the Trust to a Trustee who is not an "interested
person" of the Trust and may be paid from time to time by the Trust to
a Trustee who is an "interested person" of the Trust or to an officer
in advance of the final disposition of any such action, suit or
proceeding upon receipt of an undertaking by or on behalf of such
Covered Person to repay amounts so paid to the Trust if it is
ultimately determined that indemnification of such expenses is not
authorized under this Article, provided, however, that either (a) such
Covered Person shall have provided appropriate security for such
undertaking, (b) the Trust shall be insured against losses arising
from any such advance payments or (c) either a majority of the
disinterested Trustees acting on the matter (provided that a majority
of the disinterested Trustees then in office act on the matter), or
independent legal counsel in a written opinion, shall have determined,
based upon a review of readily available facts (as opposed to a full
trial type inquiry) that there is reason to believe that such Covered
Person will be found entitled to indemnification under this Article.
For purposes of the determination or opinion referred to in clause
(c), the majority of disinterested Trustees acting on the matter or
independent legal counsel, as the case may be, shall afford the
Covered Person a rebuttable presumption that the Covered Person has
not engaged in willful misfeasance, bad faith, gross negligence or
reckless disregard of the duties involved in the conduct of such
Covered Person's office.
5.2	Compromise Payment.  As to any matter disposed of (whether
by a compromise payment, pursuant to a consent decree or otherwise)
without an adjudication by a court, or by any other body before which
the proceeding was brought, that such Covered Person has not acted in
good faith in the reasonable belief that such Covered Person's action
was in the best interests of the Trust or is liable to the Trust or
its Shareholders by reason of willful misfeasance, bad faith, gross
negligence or reckless disregard of the duties involved in the conduct
of his or her office, indemnification shall be provided if (a)
approved, after notice that it involves such indemnification, by at
least a majority of the disinterested Trustees acting on the matter
(provided that a majority of the disinterested Trustees then in office
act on the matter) upon a determination, based upon a review of
readily available facts (as opposed to a full trial type inquiry) that
such Covered Person has acted in good faith in the reasonable belief
that such Covered Person's action was in the best interests of the
Trust and is not liable to the Trust or its Shareholders by reason of
willful misfeasance, bad faith, gross negligence or reckless disregard
of the duties involved in the conduct of his or her office, or (b)
there has been obtained an opinion in writing of independent legal
counsel, based upon a review of readily available facts (as opposed to
a full trial type inquiry) to the effect that such Covered Person
appears to have acted in good faith in the reasonable belief that such
Covered Person's action was in the best interests of the Trust and
that such indemnification would not protect such Covered Person
against any liability to the Trust to which such Covered Person would
otherwise be subject by reason of willful misfeasance, bad faith,
gross negligence or reckless disregard of the duties involved in the
conduct of his or her office.  Any approval pursuant to this Section
shall not prevent the recovery from any Covered Person of any amount
paid to such Covered Person in accordance with this Section as
indemnification if such Covered Person is subsequently adjudicated by
a court of competent jurisdiction to have been liable to the Trust or
its Shareholders by reason of willful misfeasance, bad faith, gross
negligence or reckless disregard of the duties involved in the conduct
of such Covered Person's office.
5.3	Indemnification Not Exclusive.  The right of
indemnification hereby provided shall not be exclusive of or affect
any other rights to which any such Covered Person may be entitled.  As
used in this Article 5, the term "Covered Person" shall include such
person's heirs, executors and administrators; and a "disinterested
Trustee" is a Trustee who is not an "interested person" of the Trust
as defined in Section 2(a)(19) of the Investment Company Act of 1940
(or exempted from being an "interested person" by any rule, regulation
or order of the Securities and Exchange Commission) and against whom
none of the actions, suits or other proceedings in question or another
action, suit or other proceeding on the same or similar grounds is
then or has been pending.  Nothing contained in this Article shall
affect any rights to indemnification to which personnel of the Trust,
other than Trustees and officers, and other persons may be entitled by
contract or otherwise under law, nor the power of the Trust to
purchase and maintain liability insurance on behalf of any such
person.

ARTICLE 6
Reports

6.1	General.  The Trustees and officers shall render reports at
the time and in the manner required by the Declaration of Trust or any
applicable law.  Officers shall render such additional reports as they
may deem desirable or as may from time to time be required by the
Trustees.
ARTICLE 7
Fiscal Year

7.1	General.  The initial fiscal year of the Trust and/or any
Series thereof shall end on such date as is determined in advance or
in arrears by the Treasurer or the Trustees and subsequent fiscal
years shall end on such date in subsequent years.  The Trustees shall
have the power and authority to amend the year-end date for the fiscal
year of the Trust and/or any Series thereof.  The Trust and any such
Series thereof may have different fiscal year-end dates if deemed
necessary or appropriate by the Trustees.
ARTICLE 8
Seal

8.1	General.  The seal of the Trust shall consist of a flat-
faced die with the word "Massachusetts," together with the name of the
Trust and the year of its organization cut or engraved thereon, but,
unless otherwise required by the Trustees, the seal shall not be
necessary to be placed on, and its absence shall not impair the
validity of, any document, instrument or other paper executed and
delivered by or on behalf of the Trust.
ARTICLE 9
Execution of Papers

9.1	General.  Except as the Trustees may generally or in
particular cases authorize the execution thereof in some other manner,
all checks, notes, drafts and other obligations and all registration
statements and amendments thereto and all applications and amendments
thereto to the Securities and Exchange Commission shall be signed by
the Chairman, if any, the President, any Vice President, the
Treasurer, any Assistant Treasurer, the Secretary, any Assistant
Secretary or any of such other officers or agents as shall be
designated for that purpose by a vote of the Trustees.
ARTICLE 10
Issuance of Share Certificates

10.1	Share Certificates.  In lieu of issuing certificates for
shares, the Trustees or the transfer agent may either issue receipts
therefor or may keep accounts on the books of the Trust for the record
holders of such shares, who shall in either case be deemed, for all
purposes hereunder, to be the holders of certificates for such shares
as if they had accepted such certificates and shall be held to have
expressly assented and agreed to the terms of this Article 10.
The Trustees may at any time authorize the issuance of share
certificates.  In that event, each shareholder shall be entitled to a
certificate stating the number of shares owned by him or her, in such
form as shall be prescribed from time to time by the Trustees.  Such
certificates shall be signed by the President or any Vice President
and by the Treasurer or any Assistant Treasurer.  Such signatures may
be a facsimile if the certificates are signed by a transfer agent or
registrar, other than a Trustee, office or employee of the Trust.  In
case any officer who has signed or whose facsimile signature has been
placed on such certificate shall cease to be such officer before such
officer is issued, it may be issued by the Trust with the same effect
as if he or she were such officer at the time of its issue.
10.2	Loss of Certificates.  In case of the alleged loss or
destruction or the mutilation of a share certificate, a duplicate
certificate may be issued in place thereof, upon such terms as the
Trustees shall prescribe.
10.3	Issuance of New Certificates to Pledgee.  A pledgee of
shares transferred as collateral security shall be entitled to a new
certificate if the instrument of transfer substantially describes the
debt or duty that is intended to be secured thereby.  Such new
certificate shall express on its face that it is held as collateral
security, and the name of the pledgor shall be stated thereon, who
alone shall be liable as a shareholder and entitled to vote thereon.
10.4	Discontinuance of Issuance of Certificates.  The Trustees
may at any time discontinue the issuance of share certificates and
may, by written notice to each shareholder, require the surrender of
share certificates to the Trust for cancellation.  Such surrender and
cancellation shall not effect the ownership of shares in the Trust.

ARTICLE 11
Provisions Relating to the
Conduct of the Trust's Business

11.1	Determination of Net Income and Net Asset Value Per Share.
The Trustees or any officer or officers or agent or agents of the
Trust designated from time to time for this purpose by the Trustees
shall determine at least once daily the net income and the value of
all the assets attributable to any class or series of shares of the
Trust on each day on which the New York Stock Exchange is open for
unrestricted trading and at such other times as the Trustees shall
designate.  The net income and net asset value per share of each class
and each series of shares of the Trust shall be determined in
accordance with the Investment Company Act of 1940 and the rules and
regulations thereunder and any related procedures and/or policies of
the Trust, or an officer or officers or agent or agents, as aforesaid,
as adopted or authorized by the Trustees from time to time.
11.2	Voting Power.  Each whole share shall be entitled to one
vote as to any matter on which it is entitled to vote and each
fractional share shall be entitled to a proportionate fractional vote.



ARTICLE 12
Shareholders' Voting Powers and Meetings

12.1	Record Dates.  For the purpose of determining the
shareholders who are entitled to vote or act at any meeting or any
adjournment thereof, or who are entitled to receive payment of any
dividend or of any other distribution, the Trustees may from time to
time fix a time, which shall be not more than 90 days before the date
of any meeting of shareholders or the date for the payment of any
dividend or of any distribution, and in such case only shareholders of
record on such record date shall have the right notwithstanding any
transfer of shares on the books of the Trust after the record date; or
without fixing such record date the Trustees may for any of such
purposes close the register or transfer books for all or any of such
period.
ARTICLE 13
Amendments to the By-Laws

13.1	General.  These By-Laws may be amended or repealed, in
whole or in part, by a majority of the Trustees then in office at any
meeting of the Trustees, or by written consent in lieu thereof.
ARTICLE 14
Proxy Instructions

14.1	Proxy Instructions Transmitted by Telephonic or Electronic
Means.  The placing of a Shareholder's name on a proxy pursuant to
telephonic or electronically transmitted instructions obtained
pursuant to procedures reasonably designed to verify that such
instructions have been authorized by such Shareholder shall constitute
execution of such proxy by or on behalf of such Shareholder.

2008 A&R Bylaws 092308	-8-
Exhibit 77Q1(a)



2008 A&R Bylaws 092308

EX-99.77D POLICIES

RULE 10f-3 REPORTING FORM
Name of Adviser/Subadviser:  BlackRock Investment Management, LLC
Name of Fund:  Natixis U.S. Diversified Portfolio
Total Net Assets of Fund: $90,815,503.34__(as of 3/31/08)
Issuer: VISA Inc.
Underwriter(s) Please see attachment
Affiliated Underwriter in the Syndicate  Merrill Lynch
Date of Purchase: 3/18/08
Date of Offering:  3/18/08
Amount of Purchase 1 16,100 shares
Purchase Price $44.00
Commission or Spread:  $1.232/share

Check that all the following conditions have been met
(any exceptions should be
discussed prior to commitment):

__X____ 	The securities are (i) part of an issue registered
under the Securities Act of  1933 (the "1933 Act") that is being
offered to the public, (ii) part of an issue of government
securities as defined under the Investment Company Act of 1940,
(iii) "municipal securities" as defined under the Securities
Exchange Act of 1934, (iv) sold in an offering conducted under
the laws of a country other than the United States subject to
certain requirements, or (v) exempt from registration under
Rule 144A of the 1933 Act. If the securities meet conditions
(i), (ii), (iv) or (v):

___X___ the issuer of such securities has been in continuous
operation for not less than three years (including operations
of predecessors).
1

Include all purchases made by two or more funds which have the same
investment adviser or sub-adviser.

If the securities meet condition (iii):

___X___ 	The securities were purchased prior to the end
of the first day of which  any sales were made and the purchase
price did not exceed the offering price (or fourth day before
termination, if a rights offering).

___X___ 	The underwriting was a firm commitment.
___X___ 	The commission, spread or profit was reasonable
 and fair compared to  that being received by others for underwriting
similar securities during a  comparable period of time.
___X___ 	The amount of the securities purchased by the Fund,
aggregated with  purchases by any other investment company advised
by the Funds investment adviser or sub-adviser, and any purchases
by another account with respect to which the investment adviser or
sub-adviser has investment discretion if the investment adviser or
sub-adviser exercised such investment discretion with respect to
the purchase did not exceed 25% of the principal amount of the
offering.2
___X___ 	No underwriter which is an affiliate of the Funds
 adviser or sub-adviser  was a direct or indirect participant in,
or benefited directly or indirectly    from the purchase.
___X___ 	The purchase was not part of a group sale (or part
of the institutional pot),  or otherwise allocated to the account
of an officer, director, member of an  advisory board, investment
adviser or employee of the Fund or affiliated person thereof.


2 Special counting rules apply for Rule 144A offerings.


Final Prospectus Page 241 of 491
Table of Contents
UNDERWRITING
We are offering the shares of class A common stock described in
this prospectus through a number of underwriters. J.P. Morgan
Securities Inc., Goldman, Sachs & Co., Banc of America Securities LLC,
Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Merrill
Lynch, Pierce, Fenner & Smith Incorporated, UBS Securities LLC and
Wachovia Capital Markets, LLC are acting as joint book-running
managers of this offering and as representatives of the underwriters.
We have entered into an underwriting agreement with the underwriters.
Subject to the terms and conditions of the underwriting agreement,
we have agreed to sell to the underwriters, and each underwriter
has severally agreed to purchase, at the public offering price
less the underwriting discounts and commissions set forth on the
cover of this prospectus, the number of shares of class A common stock
listed next to its name in the following table:


Name/Number of Shares of Class A Common Stock

J.P. Morgan Securities Inc. 102,738,300
Goldman, Sachs & Co. 102,738,300
UBS Securities LLC 30,450,000
Banc of America Securities LLC 27,851,600
Wachovia Capital Markets, LLC 26,268,200
Citigroup Global Markets Inc. 20,097,000
HSBC Securities (USA) Inc. 18,554,200
Merrill Lynch, Pierce, Fenner & Smith Incorporated 18,554,200
Piper Jaffray & Co. 5,724,600
CIBC World Markets Inc. 4,100,600
Mitsubishi UFJ Securities International plc 4,100,600
RBC Capital Markets Corporation 4,100,600
SunTrust Robinson Humphrey Inc. 4,100,600
Wells Fargo Securities, LLC 4,100,600
Daiwa Securities America Inc. 3,694,600
Mizuho Securities USA Inc. 2,070,600
Macquarie Capital (USA) Inc. 1,745,800
Credit Suisse Securities (USA) LLC 1,664,600
Santander Investment S.A. 1,664,600
TD Securities (USA) LLC 1,664,600
ABN AMRO Incorporated 1,258,600
Barclays Capital Inc. 1,258,600
Calyon Securities (USA) Inc. 1,258,600
Lehman Brothers Inc. 1,258,600
Morgan Keegan & Company, Inc. 1,258,600
Scotia Capital (USA) Inc. 1,218,000
The Williams Capital Group, L.P. 1,218,000
Fox-Pitt Kelton Cochran Caronia Waller (USA) LLC 1,015,000
FirstRand Bank Limited 974,400
National Bank of Kuwait 974,400
Samsung Securities Co., Ltd. 974,400
Gardner Rich & Co., Inc. 812,000
Cowen and Company, LLC 609,000
Guzman & Company 609,000 Keefe,
Bruyette & Woods, Inc. 609,000
Utendahl Capital Group, LLC 609,000
Banco Bilbao Vizcaya Argentaria, S.A. 568,400
Banco Bradesco BBI S.A. 568,400
BB&T Capital Markets, a division of Scott & Stringfellow,  Inc. 568,400
BNP Paribas Securities Corp. 568,400
Loop Capital Markets, LLC 406,000
M.R. Beale & Company 406,000
Muriel Siebert & Co., Inc. 406,000
Samuel A. Ramirez & Co., Inc. 406,000
Dundee
Securities Corporation 203,000 Total 406,000,000

EX-99.77B ACCT LTTR

Report of Independent Registered Public Accounting Firm

To the Board of Trustees and Shareholders of
Natixis Funds Trust I


In planning and performing our audit of the financial statements of
CGM Advisor Targeted Equity Fund, Hansberger International Fund,
Vaughan Nelson Small Cap Value Fund, Natixis U.S. Diversified
Portfolio, and Natixis Income Diversified Portfolio, each a series of
Natixis Funds Trust I (the "Funds") as of and for the year ended
December 31, 2008, in accordance with the standards of the Public
Company Accounting Oversight Board (United States), we considered the
Funds' internal control over financial reporting, including controls
over 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
Funds' internal control over financial reporting.  Accordingly, we do
not express an opinion on the effectiveness of the Funds' internal
control over financial reporting.

The management of the Funds 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 fund's 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.  A fund's internal control over financial
reporting includes those policies and procedures that (1) pertain to
the maintenance of records that, in reasonable detail, accurately and
fairly reflect the transactions and dispositions of the assets of the
fund; (2) provide reasonable assurance that transactions are recorded
as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and that
receipts and expenditures of the fund are being made only in
accordance with authorizations of management and trustees of the fund;
and (3)  provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use or disposition of a fund'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 deficiency in internal control over financial reporting 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
material weakness is a deficiency, or a combination of deficiencies,
in internal control over financial reporting, such that there is a
reasonable possibility that a material misstatement of the Funds'
annual or interim financial statements will not be prevented or
detected on a timely basis.

Our consideration of the Funds' 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 material weaknesses
under standards established by the Public Company Accounting Oversight
Board (United States).  However, we noted no deficiencies in the
Funds' internal control over financial reporting and its operation,
including controls over safeguarding securities, that we consider to
be material weaknesses as defined above as of December 31, 2008.

This report is intended solely for the information and use of
management and the Board of Trustees of Natixis Trust I 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 24, 2009

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