SUB-ITEM 77Q1(b)(i):
Copies of the text of any proposal described in
answer to sub-item 77D


Use of Credit Default Swaps in certain Loomis
Sayles managed funds.

It was voted that the Officers of the Loomis Sayles
Funds I, Loomis Sayles Funds II, Natixis Funds I and
Natixis Funds II, (the "Trusts"), and each of them, are
hereby authorized to open one or more brokerage
accounts or one or more accounts for trading all types
of commodities, futures, options, swaps, forwards and
related contracts in the name of and on behalf of the
Trusts and Funds, to enter into master agreements
(including without limitation ISDA Master
Agreements) or any other agreements with
counterparties with respect to any such transactions,
as well as schedules and credit support annexes
thereto, and, to the extent consistent with the
applicable investment objectives and restrictions, to
give instructions effecting transactions in securities or
commodities, futures, options, swaps, forwards, other
derivatives and related contracts in such accounts by
the Trusts and/or the Funds and to execute
confirmations or other instruments or documents
evidencing such transactions, and to pledge assets of
the Funds as security for the Funds' obligations with
respect to any such transaction.
Exhibit 77Q1(b)(i)