-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 GlQW4qFUUdwxAkZxAb7XMKQ6GbZ2P5AQVVlLEI8XCNtLbiXHpsGUo21iM2QUpN16
 4MM5Vr6p4Tqzy4vmTF3juw==

<SEC-DOCUMENT>0000950109-99-001738.txt : 19990512
<SEC-HEADER>0000950109-99-001738.hdr.sgml : 19990512
ACCESSION NUMBER:		0000950109-99-001738
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19990511

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LOOMIS SAYLES FUNDS
		CENTRAL INDEX KEY:			0000872649
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				043113285
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-39133
		FILM NUMBER:		99617064

	BUSINESS ADDRESS:	
		STREET 1:		ONE FINANCIAL CENTER
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		6174822450

	MAIL ADDRESS:	
		STREET 1:		ONE FINANCIAL CENTER
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02111
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>LOOMIS SAYLES INVESTMENT GRADE BOND FUND
<TEXT>

<PAGE>
 
                              Loomis Sayles Funds
                   Loomis Sayles Investment Grade Bond Fund


              Supplement dated May 11, 1999 to Fixed Income Funds
       Institutional and Retail Class Prospectuses dated January 1, 1999


The Loomis Sayles Investment Grade Bond Fund has changed its dividend payment 
policy and now will declare and pay dividends monthly. It is expected that the 
first monthly dividend will be paid on or about July 7, 1999.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----