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

July 1, 2005

Loomis Sayles Funds II
Loomis Sayles Strategic Income Fund
399 Boylston Street
Boston, MA  02116
Attn:  Michael C. Kardok, Treasurer

Re:  Loomis Sayles Strategic Income Fund Advisory Agreement
Addendum

Dear Mr. Kardok:

The Advisory Agreement dated September 12, 2003 between Loomis
Sayles Funds II (the Trust), with respect to its Loomis
Sayles Strategic Income Fund (the Series), and Loomis, Sayles
& Company, L.P. (the Adviser) is hereby revised, effective
July 1, 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 0.65% of the first $200 million of
the average daily net assets of the Series, 0.60% of the next
$1.8 billion of the average daily net assets of the Series and
0.55% over $2 billion of such assets, respectively, 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
Name:	Kevin Charleston
Title:	Director


ACCEPTED AND AGREED TO:
Loomis Sayles Funds II, on behalf of
Loomis Sayles Strategic Income Fund


By:	/s/ Michael Kardok
	Michael C. Kardok
Title:	Treasurer

Date:	July 1, 2005



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