EX-99.77D POLICIES

SUB-ITEM 77D: Policies with Respect to Security Investments


Effective October 1, 2009, the Loomis Sayles Disciplined Equity Fund
 (formerly, Loomis Sayles Research Fund) normally will invest
at least 80% of its net assets (plus any borrowings for investment
 purposes) in equity securities. Prior to any change to such policy
adopted by the Board of Trustees of the Fund, the Fund will provide
notice to shareholders as required by Rule 35d-1 under the 1940 Act,
 as such rule may be interpreted from time to time by the staff of the SEC.

EX-99.77O RULE 10F-3

Exhibit 77O

RULE 10f-3 REPORTING FORM

Name of Adviser/Subadviser:  Loomis, Sayles & Company, L.P.

Name of Fund:  Loomis Sayles Small Cap Growth Fund (L40513)

Total Net Assets of Fund:  $3,674,450

Issuer:  AGA Medical Holdings Inc.

Underwriter(s): See Attached

Affiliated Underwriter in the Syndicate:  Natixis Bleichroeder Inc.

Date of Purchase:  10/20/09

Date of Offering:  10/20/09

Amount of Purchase :  $1,705,751

Purchase Price:  14.5

Commission or Spread: None


Check that all the following conditions have been met (any exceptions
 should be discussed prior to commitment):

X	The securities are (i) part of an issue registered under the
Securities Act of 1933 (the 1933 Act) that is being offered to the
public, (ii) part of an issue of government securities as defined
under the Investment Company Act of 1940, (iii) municipal securities
 as defined under the Securities Exchange Act of 1934, (iv) sold in
 an offering conducted under the laws of a country other than the
United States subject to certain requirements, or (v) exempt from
registration under Rules 144A of the 1933 Act.

	If the securities meet conditions (i), (ii), (iv) or (v):

X	the issuer of such securities has been in continuous
operation for not less than three years (including operations of
 predecessors).



If the securities meet conditions (iii):

__	the issuer of such securities has received an investment grade
rating from a nationally recognized statistical rating organization
or if the issuer of the municipal securities or entity supplying the
 revenues from which the issue is to be paid has been in continuous
operation for less than three years (including any predecessors), it
 has received one of the three highest ratings from at least one
such rating service


X	The securities were purchased prior to the end of the first
 day of which any sales were made and the purchase price did not
 exceed the offering price (or fourth day before termination, if a
 rights offering).

X	The underwriting was a firm commitment.

X	The commission, spread or profit was reasonable and fair
compared to that being received by others for underwriting similar
 securities during a comparable period of time.

X	The amount of the securities purchased by the Fund, aggregated
 with purchases by any other investment company advised by the
Funds investment adviser or sub-adviser, and any purchases by
another account with respect to which the investment adviser or
sub-adviser exercised such investment discretion with respect to
the purchase did not exceed 25% of the principal amount of the
offering.

X	No underwriter which is an affiliate of the Funds adviser
 or sub-adviser was a direct or indirect participant in, or
benefited directly or indirectly from the purchase.

X	The purchase was not part of a group sale (or part of the
 institutional pot), or otherwise allocated to the account of an
officer, director, member of an advisory board, investment adviser
or employee of the Fund or affiliated person thereof.







Signed by: /s/ Jan Sharp

	Date: 11/2/09

EX-99.77Q1 OTHR EXHB

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

Changes to Investment Strategy

It was voted that the proposed changes to the investment strategy
 for the Loomis Sayles Disciplined Equity Fund (formerly, Loomis
Sayles Research Fund) as presented at the meeting of the Board of
 Trustees of Loomis Sayles Funds II be approved.