Exhibit 77Q1e(i)
Loomis, Sayles & Company, L.P.
One Financial Center
Boston, MA  02111

March 21, 2005

Loomis Sayles Funds II
Loomis Sayles Limited Term Government and Agency Fund
399 Boylston Street
Boston, MA  02116
Attn:  John Hailer, President

Re:  Loomis Sayles Limited Term Government and Agency Fund Advisory Agreement
Addendum

Dear Mr. Hailer:

The Advisory Agreement dated September 12, 2003 between Loomis Sayles
Funds II (the Fund), with respect to its Loomis Sayles Limited Term
Government and Agency Fund (the Series), and Loomis, Sayles & Company,
L.P. (the Adviser) is hereby revised, effective March 21, 2005, to
delete section 7 and to replace it with the following:

	7.	As full compensation for all services rendered, facilities
furnished and expenses borne by the Adviser hereunder, the Trust shall pay
the Adviser compensation at the annual percentage rate of 0.50% of the
average daily net assets of the Series, or such lesser rate as the Adviser
may agree to from time to time.  Such compensation shall be payable monthly
in arrears or at such other intervals, not less frequently than quarterly,
as the Board of Trustees of the Trust may from time to time determine and
specify in writing to the Adviser.  The Adviser hereby acknowledges that
the Trusts obligation to pay such compensation is binding only on the
assets and property belonging to the Series.

To indicate your approval and acceptance of the terms of this letter,
please sign below where indicated.



LOOMIS, SAYLES & COMPANY, L.P.

By:  Loomis, Sayles & Company, Inc., its general partner


By:  	/s/ Kevin Charleston
	Kevin Charleston
Title:	Director


ACCEPTED AND AGREED TO:
Loomis Sayles Funds II, on behalf of
Loomis Sayles Limited Term Government and Agency Fund


By:	/s/ John Hailer
	John Hailer
Title:	President

Date:	March 21, 2005



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