Securities and Exchange Commission
                             Washington, D.C. 20549
                                   Form 12b-25

                                                 Commission File Number 33-39133

                           Notification of Late Filing

(Check one):
___ Form 10-K    __ Form 20-F   __ Form 11-K    ___ Form 10-Q    X  Form N-SAR

For the Period Ended:   9/30/02

         Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.

Part I - Registrant Information

Full Name of Registrant:   Loomis Sayles Funds
                           --------------------------

Former Name if Applicable  N/A
                           --------------------------

Address of Principal Executive Office (Street & Number)

         One Financial Center
         Boston, MA 02111

                                     Part II
                             Rules 12b-25(b) and (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed.

(a)      the reasons described in reasonable detail in Part III of this form
         could not be eliminated without unreasonable effort or expense.

(b)      The subject annual report, semi-annual report, transition report on
         Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
         filed on or before the fifteenth calendar day following the prescribed
         due date; or the subject quarterly report transition report on form
         10-Q, or portion thereof will be filed on or before the fifth calendar
         day following the prescribed due date

(c)      The accountant's statement or other exhibit required by Rule 12b-25(c)
         has been attached if applicable



                                    Part III
                                    Narrative

State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.

The Registrant requests additional time to file form N-SAR so that it can
compile the necessary information to file a complete and accurate document.

                                     Part IV
                                Other Information

  (1)    Name and telephone number of person to contact in regard to this
         notification

                  Sheila M.Barry, Secretary
                  (617) 346-9771

  (2)    Have all other periodic reports required under Section 13 or 15(d) of
         the Securities Exchange Act of 1934 or Section 30 of the Investment
         Company Act of 1940 during the preceding 12 months been filed?

         Yes

  (3)    Is it anticipated that any significant change in results of operations
         from the corresponding period for the last fiscal year will be
         reflected by the earnings statements to be included in the subject
         report or portion thereof?

         No

                               Loomis Sayles Funds
                  (Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date:   November 27, 2002                       By:  Sheila M. Barry, Esq.
                                                     Secretary