LOOMIS SAYLES INVESTMENT TRUST

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
Filed by the Registrant [x]
Filed by a Party other than the Registrant [ ]

Check the appropriate box:
[ ] Preliminary Proxy Statement
[x] Definitive Proxy Statement
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[ ] Soliciting Material Pursuant to (S) 240.14a-11(c) or
(S) 240.14a-12

LOOMIS SAYLES INVESTMENT TRUST
------------------------------
(Name of Registrant as Specified In Its Charter)

LOOMIS SAYLES INVESTMENT TRUST
------------------------------
(Name of Person(s) Filing Proxy Statement)

Payment of Filing Fee (check the appropriate box):
[x] No fee required
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and )-11.
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pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
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[ ] Check box if any part of the fee is offset as provided by Exchange Act
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or the Form or Schedule and the date of its filing.

1) Amount previously paid:
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4) Date Filed:
--------------

[PHOTO]

Daniel Fuss

[LOGO] LOOMIS SAYLES Investment Trust

August 30, 2002

Dear Shareholders:

A special meeting of shareholders will be held on October 15, 2002.
The purpose of the meeting is to elect the Trustees of Loomis
Sayles Investment Trust.

Enclosed you will find information about the Trustee nominees and
how to cast your vote. Please read the entire proxy statement prior to voting.

This is an exciting opportunity to voice your opinion on matters that affect
your fund, and ultimately, your investment.

I am also pleased to announce Bob Blanding, Chief Executive Officer of Loomis
Sayles, has been appointed President of Loomis Sayles Investment Trust. Bob's
firm-wide leadership and in-depth experience with each of the firm's investment
platforms will greatly benefit the Funds. I will step aside at this time to
continue to do what I do best--investment management.

If you have any questions or would like additional information before you vote,
please call us at (888) 226-9699.

Sincerely,

/s/ Daniel Fuss
Daniel J. Fuss
Loomis Sayles Investment Trust

Please note if you own more than one fund you will find enclosed a proxy card
for each fund. Please be sure to vote all cards and return them in the enclosed
envelope.

As a Loomis Sayles Investment Trust shareholder, you now have the option of
receiving your Fund's financial reports and prospectuses via email. To apply
for this benefit at this time, you must vote your proxy via the Internet.

If you have questions, please call (888) 226-9699 to speak with a Loomis Sayles
representative.

LOOMIS SAYLES INVESTMENT TRUST

Notice of Special Meeting of Shareholders

To the Shareholders of the Loomis Sayles Investment Trust:

A Special Meeting of the shareholders of Loomis Sayles Investment Trust, a
Massachusetts business trust (the "Trust"), will be held on October 15, 2002 at
3:00 p.m. Boston time on the 34th floor of One Financial Center, Boston,
Massachusetts, for the following purposes:

1. To elect Trustees.

2. To transact any other business that may properly come before the meeting
or any adjournment thereof.

Shareholders of record at the close of business on August 19, 2002 are
entitled to notice of and to vote at the meeting.

By Order of the Trustees

Sheila M. Barry
Secretary

August 30, 2002

We urge you to mark, sign, date and mail the enclosed Proxy in the enclosed
envelope or to vote by telephone or the Internet so you will be represented at
the meeting.

SPECIAL MEETING OF SHAREHOLDERS

LOOMIS SAYLES INVESTMENT TRUST
One Financial Center
Boston, Massachusetts 02111

PROXY STATEMENT

The enclosed proxy is solicited by the Trustees of Loomis Sayles Investment
Trust (the "Trust") for use at a special meeting of shareholders of the Trust
(the "Meeting") to be held at its offices on October 15, 2002 and at any
adjournments thereof, for the purposes set forth in the accompanying Notice of
Special Meeting of Shareholders. Only shareholders of record at the close of
business on August 19, 2002 (the "Record Date") are entitled to vote at the
meeting or at any adjourned session thereof. As of the Record Date, there were
issued and outstanding 77,443,264.171 shares of the Trust consisting of the
following number of shares of each of the following series ("Funds") and each
class thereof, if applicable:

Outstanding
Shares as of the
Fund Record Date
- ---- ----------------

Loomis Sayles California Tax-Free Income Fund.................... 1,663,284.277
Loomis Sayles Benchmark Core Bond Fund
Institutional Class........................................... 1,721,249.873
Retail Class.................................................. 1,010.956
Admin Class................................................... 1,010.956
Loomis Sayles Core Plus Fixed Income Fund........................ 3,628,931.973
Loomis Sayles Fixed Income Fund.................................. 36,919,391.565
Loomis Sayles Institutional High Income Fund..................... 5,731,249.620
Loomis Sayles Intermediate Duration Fixed Income Fund............ 3,217,328.529
Loomis Sayles Investment Grade Fixed Income Fund................. 12,550,202.768
Loomis Sayles Mid Cap Growth Fund................................ 1,250,023.936
Loomis Sayles Provident Fund..................................... 2,422,920.043
Loomis Sayles Small Company Growth Fund.......................... 8,336,659.675

Each whole share shall be entitled to one vote as to any matter on which it
is entitled to vote and each fractional share shall be entitled to a
proportionate fractional vote. All shares are entitled to vote on the proposal
to elect Trustees.

The Notice of Special Meeting, proxy card and this Proxy Statement are being
mailed to shareholders of record as of the Record Date on or about August 30,
2002. A copy of the Annual Report of the Trust for its most recent fiscal year
ended September 30, 2001, including financial statements, can be obtained
without charge by writing to Loomis Sayles at One Financial Center, Boston,
Massachusetts 02111 or by calling (888) 226-9699.

Shares represented by duly executed proxies will be voted for the election
of the nominees named herein as Trustees, unless such authority has been
withheld. If no instructions are made, the proxy will be voted for the election
as Trustees of the nominees named below.

Proxies may be revoked at any time before they are voted by a written
revocation received by the Secretary of the Trust, by properly executing a
later-dated proxy or by attending the Meeting and voting in person.

Proxies will be solicited primarily by mailing this Proxy Statement and its
enclosures, but supplementary solicitations may also be made by mail,
telephone, telegraph or personal interview by officers of the Trust or by
officers, employees or agents of Loomis, Sayles & Company, L.P. ("Loomis
Sayles") and its affiliates. In addition, D.F. King & Co., Inc. and Management
Information Services ("MIS") have been retained to assist in the solicitation
of proxies at a cost which is not expected to exceed $10,000, plus any
reimbursement for D.F. King & Co. and MIS' out-of-pocket expenses. The cost of
the solicitation will be borne by the Trust.

I. ELECTION OF TRUSTEES

The Trustees have fixed at four the number of Trustees for election at the
Meeting. None of the nominees are presently Trustees of the Trust. Each of the
nominees is also a nominee for election as a trustee of Loomis Sayles Funds, a
separate group of mutual funds also advised by Loomis Sayles. The nomination of
the nominees was intended in part to effect a consolidation of the boards of
trustees of these two groups of mutual funds which make up the Loomis Sayles
Funds Complex.

Each of the nominees has agreed to serve as a Trustee if elected. If any of
the nominees should be unavailable for election at the time of the Meeting
(which is not presently anticipated), the persons named as proxies may vote for
other persons in their discretion or the Trustees may vote to fix the number of
Trustees at fewer than four. The Trust's Agreement and Declaration of Trust
does not provide for the annual election of Trustees. However, in accordance
with the Investment Company Act of 1940 (the "1940 Act"), (i) the Trust will
hold a shareholder's meeting for the election of Trustees at such times as less
than a majority of the Trustees holding office have been elected by
shareholders, and (ii) if, after filling a vacancy on the Board of Trustees,
less than two-thirds of the Trustees holding office would have been elected by
the shareholders, that vacancy may only be filled by a vote of the
shareholders. In addition, Trustees may be removed from office by a written
consent signed by the holders of two-thirds of the outstanding shares of the
Trust and filed with the Trust's custodian, or by vote of the holders of
two-thirds of the outstanding shares of the Trust at a meeting duly called for
such purpose, which meeting shall be held upon the written request of the
shareholders of not less than 10% of the Trust's outstanding shares.

Set forth below are the names of the nominees for election as Trustees
together with information about them.

On October 30, 2000 Nvest Companies L.P., the indirect parent company of
Loomis Sayles, merged with CDC Asset Management. In order for the merger to
fall within the "safe harbor" afforded by Section 15(f) of the 1940 Act, among
other requirements, at least 75% of the Board of Trustees of the Trust must be
Independent Trustees for a period of three years following the merger (i.e.
until October 30, 2003). Since both Mr. Finlayson and Mr. Hunt (the current
Trustees) are Independent Trustees, the Board of Trustees currently satisfies
this requirement. Likewise, if the four nominees (Messrs. Blanding, Alaimo,
Chenault and Benjamin) are elected as Trustees, Messrs. Alaimo, Chenault and
Benjamin would be Independent Trustees, so that the Board of Trustees would
continue to satisfy this requirement.

Nominee for Interested Trustee*

Number of
Portfolios
in Fund
Complex
Overseen
Term of or to be
Office and Principal Overseen Other
Position(s) Length of Occupation(s) by Trustee Directorships
Name, Address Held with Time During Past or Nominee Held by
and Age Funds Served** 5 Years for Trustee Trustee
- ------------- ----------- ---------- ------------------- ----------- -------------

Robert J. Blanding President Less than President, 26 0
555 California Street, (Formerly, 1 month Chairman,
San Francisco, Executive (Served as Director and Chief
California Vice Executive Executive Officer,
(55 Years Old) President) Vice Loomis Sayles
President
for 5
Years and
3 Years as
Vice
President)

Nominees for Disinterested Trustee
Joseph Alaimo N/A N/A Chairman, 26 Wintrust
N. Bank Lane, Wayne Hummer Financial
Lake Forest, Illinois Trust Company Corporation
(72 Years Old)

Edward A. Benjamin N/A N/A Director, Precision 26 Director,
71 Sierra Rosa Loop Corporation (optics Precision
Santa Fe, NM 87506 manufacturer); Corporation
(64 Years Old) Director, Coal, (optics
Energy manufacturer);
Investments & Director, Coal,
Management, LLC; Energy
formerly, Partner, Investments &
Ropes & Gray (law Management,
firm) until 1999 LLC; Trustee,
New England
Zenith Fund

Paul G. Chenault N/A N/A Retired; Trustee of 26 0
5852 Pebble Beach Variable Investors
Way Series Trust. From
San Luis Obispo, August, 1997 to
CA 93401 September 1997,
(68 Years Old) Vice President of
Loomis Sayles and
prior to October,
1995, Senior Vice
President and Chief
Investment Officer,
XL Capital Ltd.,
Hamilton, Bermuda

- --------
* Interested person (as defined in the Investment Company Act of 1940) of the
Trust. Mr. Blanding is deemed an "interested person" of the Trust and Loomis
Sayles by virtue of his position as an officer and Director of Loomis Sayles.
** Each Trustee serves for an indefinite term in accordance with the Trust's
Agreement and Declaration of Trust until the date the Trustee dies, resigns
or is removed, or, if sooner, until the election and qualification of the
Trustee's successor.

The following table sets forth the dollar range of shares owned by each
Trustee as of July 31, 2002 of (i) each individual Fund and (ii) all of the
funds in the Loomis Sayles Funds Complex:

Nominee for Interested Trustee:

Robert J.
Dollar Range of Fund Shares Blanding
--------------------------- -------------

Loomis Sayles California Tax-Free Income Fund 0
Loomis Sayles Benchmark Core Bond Fund 0
Loomis Sayles Core Plus Fixed Income Fund 0
Loomis Sayles Fixed Income Fund 0
Loomis Sayles Institutional High Income Fund 0
Loomis Sayles Intermediate Duration Fixed Income Fund 0
Loomis Sayles Investment Grade Fixed Income Fund 0
Loomis Sayles Mid Cap Growth Fund 0
Loomis Sayles Provident Fund 0
Loomis Sayles Small Company Growth Fund 0

Aggregate Dollar Range of Fund Shares in Funds Overseen
or to be Overseen by Nominee in Loomis Sayles Funds
Complex: Over $100,000

Nominees for Disinterested Trustees:

Joseph Edward A. Paul G.
Dollar Range of Fund Shares Alaimo Benjamin Chenault
--------------------------- -------- --------- ---------------

Loomis Sayles California Tax-Free Income
Fund 0 0 0
Loomis Sayles Benchmark Core Bond
Fund 0 0 0
Loomis Sayles Core Plus Fixed Income
Fund 0 0 0
Loomis Sayles Fixed Income Fund 0 0 0
Loomis Sayles Institutional High Income
Fund 0 0 0
Loomis Sayles Intermediate Duration
Fixed Income Fund 0 0 0
Loomis Sayles Investment Grade Fixed
Income Fund 0 0 0
Loomis Sayles Mid Cap Growth Fund 0 0 0
Loomis Sayles Provident Fund 0 0 0
Loomis Sayles Small Company Growth
Fund 0 0 0
Aggregate Dollar Range of Fund Shares
in Funds Overseen or to be Overseen by
Trustee or Nominee in Loomis Sayles
Funds Complex: Over
$100,000 0 $10,001-$50,000

Each Trustee is not affiliated with Loomis Sayles, is compensated at the
rate of $10,000 per annum and is reimbursed for travel expenses in connection
with attendance at meetings. It is expected, however, that following the
election of the nominees, the Trustees will reconsider current levels of
compensation and Loomis Sayles expects to recommend an increase in such
compensation. The Trust pays no compensation to its officers who are affiliated
with Loomis Sayles. The following table sets forth the compensation received by
the Trustees during fiscal year 2001:

Compensation Table
for the fiscal year ended September 30, 2001

(1) (2) (3) (4) (5)
Pension or Total
Retirement Estimated Compensation
Aggregate Benefits Accrued Annual From Trust and
Name of Person, Compensation as Part of Fund Benefits Upon Fund Complex*
Position from Trust Expenses Retirement Paid to Trustee
- --------------- ------------ ---------------- ------------- ---------------

Charles J. Finlayson,** $10,000 N/A N/A $10,000
Trustee
Timothy J. Hunt,** $10,000 N/A N/A $10,000
Trustee

- --------
* No Trustee received any compensation from any funds affiliated with Loomis
Sayles, other than the Trust, for the fiscal year ended September 30, 2001.
** The term of office of each of Messrs. Finlayson and Hunt as Trustees will
end upon the election and qualification of their successors.

The Trustees of the Trust, neither of whom is an "interested person" (as
defined in the 1940 Act) of the Trust or Loomis Sayles ("Independent Trustees")
perform the functions of an audit, nominating and contract review committee.
Their responsibilities as such include review of financial and accounting
controls and procedures; recommendations as to the selection of the independent
accountants; review of the scope of the audit; review of financial statements
and audit reports; and review of the independence of the independent
accountants and approval of fees and assignments relating to all activities of
the independent accountants on the Trust's behalf. In addition, the Independent
Trustees have responsibility for the nomination of other Independent Trustees,
and review and make recommendations to the Board as to contracts requiring
approval of a majority of the Independent Trustees and any other contracts
which may be referred to it by the Board. The Trustees performing the functions
of the audit committee met twice during the last fiscal year, the Trustees
performing the functions of the nominating committee did not meet during the
last fiscal year and the Trustees performing the functions of the contract
review committee did not meet during the last fiscal year.

The following table shows the shares of the Trust held, if any, as of July
31, 2002 by each nominee and current Trustee of the Trust rounded to the
nearest whole share. Unless otherwise noted, each of the shareholders named
below has sole investment power and sole voting power with respect to the
shares of the Trust beneficially owned.

Number of Shares
Owned Percent
Trustees and Nominees as of July 31, 2002 of Class
- --------------------- ------------------- --------

LOOMIS SAYLES PROVIDENT FUND
Timothy J. Hunt......................................... 10,649** *
All Trustees, nominees and executive officers as a group 10,649 *

- --------
* Less than 1%
** Includes shares held in the name of Mr. Hunt's spouse.

In 2001 the Trust held four Board meetings. Each of the Trustees attended at
least 75% of the meetings of the Board of Trustees and committees thereof of
which such Trustee is a member.

The Agreement and Declaration of Trust and the By-Laws of the Trust provide
that the Trust will indemnify its Trustees and officers against liabilities and
expenses incurred in connection with litigation in which they may be involved
because of their offices with the Trust, except if it is determined in the
manner specified in the By-Laws that they have not acted in good faith in the
reasonable belief that their actions were in the best interests of the Trust,
and except that no such person shall be indemnified against any liability to
the Trust or its shareholders arising by reason of willful misfeasance, bad
faith, gross negligence or reckless disregard of the duties involved in the
conduct of such person's office.

The Trustees unanimously recommend the election of each nominee for Trustee
listed above.

Required Vote. The vote of a plurality of the shares represented at the
Meeting (all Funds voting together as a single class) is required to elect the
nominees as Trustees.

II. OTHER INFORMATION

The following table lists the executive officers of the Trust, their ages,
addresses and the length of time such person served as an executive officer of
the Trust. Each such person has been elected to the indicated office by the
Trust's Trustees. Each such person's principal occupation is as an employee or
officer of Loomis Sayles, the Trust's adviser. Each officer's principal
occupation for the past five years is listed; similar prior positions within
the same company are omitted.

Term of
Position(s) Office and
Held with Length of Principal Occupation(s)
Name, Address and Age** Funds Time Served* During Past 5 Years
- ----------------------- ----------- -------------- -------------------------------

Robert J. Blanding President Less than 1 President, Chairman, Director
555 California Street, (Formerly, Month and Chief Executive Officer,
San Francisco, California Executive (Served as Loomis Sayles.
(55 Years Old) Vice Executive
President) Vice President
for 5 Years
and as Vice
President for
3 Years)
Sheila M. Barry Secretary 6 Years Assistant General Counsel and
(57 Years Old) and Vice President, Loomis Sayles.
Compliance
Officer
Kevin Charleston Treasurer Less than 1 Vice President, Director and
(36 Years Old) (Formerly, Month Chief Financial Officer, Loomis
Vice (Served as Sayles. Formerly, Senior Vice
President) Vice President President and Treasurer, Nvest
for 1 Year) Companies, L.P.
Christopher R. Ely Vice 3 Years Vice President, Loomis Sayles.
(46 Years Old) President
Quentin P. Faulkner Vice 7 Years Vice President, Loomis Sayles.
( 64 Years Old) President
Philip C. Fine Vice 3 Years Vice President, Loomis Sayles.
(52 Years Old) President
Steven Kaseta Vice 8 Months Vice President, Loomis Sayles.
(47 Years Old) President
Kathleen C. Gaffney Vice 7 Years Vice President, Loomis Sayles.
(40 Years Old) President
Michael J. Millhouse Vice 2 Years Vice President and Director,
227 W. Monroe Street, President Loomis Sayles.
Chicago, Illinois
(46 Years Old)

* Each executive officer serves for an indefinite term in accordance with the
current Bylaws of the Trust until the date his or her successor is elected
and qualified, or until he or she sooner dies, resigns, is removed or
becomes disqualified.
** Except as indicated, the address of each executive officer is One Financial
Center, Boston, Massachusetts.

Curt Mitchell Vice 1 Year Vice President, Loomis Sayles.
227 W. Monroe Street, President
Chicago, Illinois
(39 Years Old)
Kent P. Newmark Vice 8 Years Vice President, Managing
555 California Street, President Partner, and Director,
San Francisco, California Loomis Sayles.
(63 Years Old)
Peter Palfrey Vice 6 Months Vice President, Loomis Sayles.
(41 Years Old) President Formerly, Vice President and
Portfolio Manager, Back Bay
Advisors, L.P.
Lauren Pitalis Vice 1 Year Vice President, Loomis Sayles.
(41 Years Old) President.
Nicholas H. Palmerino Assistant 6 Years Vice President, Loomis Sayles.
(37 Years Old) Treasurer
Robert K. Payne Vice 8 Years Vice President, Loomis Sayles.
555 California Street, President
San Francisco, California
(60 Years Old)
Richard Rezek Vice 1 Year Vice President, Loomis Sayles.
227 W. Monroe Street, President
Chicago, Illinois
(42 Years Old)
Craig Smith Vice 2 Years Vice President, Loomis Sayles.
227 W. Monroe Street, President
Chicago, Illinois
(35 Years Old)
David L. Smith Vice 3 Years Vice President, Loomis Sayles.
(43 Years Old) President
Frederick E. Sweeney, Jr. Vice 4 Years Vice President, Loomis Sayles.
(41 Years Old) President
Anthony J. Wilkins Vice 6 Years Vice President and Director,
(60 Years Old) President Loomis Sayles.
Gregory B. Woodgate Assistant 1 Year Vice President, Loomis Sayles.
(31 Years Old) Treasurer

Loomis Sayles serves as investment adviser to the Funds, and Loomis Sayles
Distributors, L.P. (the "Distributor") serves as distributor and principal
underwriter to the Funds. The address of Loomis Sayles and the Distributor is
One Financial Center, Boston, Massachusetts 02111.

PricewaterhouseCoopers LLP serves as independent accountants to the Funds.
Representatives of PricewaterhouseCoopers LLP are not expected to be present at
the Meeting, but have been given the opportunity to make a statement if they so
desire and will be available should any matter arise requiring their presence.

As of August 15, 2002, the following persons owned beneficially (within the
meaning of Rule 13d-3 under the Securities Exchange Act of 1934) or of record
5% or more of the outstanding shares of the indicated classes of the following
Funds:

Percentage
Number of of Shares
Shareholder Address Shares Owned Held
- ----------- ------- ------------ ----------

LOOMIS SAYLES BENCHMARK CORE BOND FUND

Institutional Class of Shares

Asbestos Workers Local #84 36 East Warner Road 530,604.8080 30.78%
Pension Plan Akron, OH 44319

Comerica Bank P.O. Box 7500 MC 3446 699,321.5830 40.57%
City of Livonia Retiree Health/ Detroit, MI 48275-3446
Disability

AAUW-- Educational Finance Department 1111 189,264.9220 10.98%
Foundation Sixteenth Street, NW
Washington, D.C. 20036

Southeastern Michigan Chapter, P.O. Box 385 Southfield, 172,886.3060 10.3%
NECA MI 48037-0385

Retail Class of Shares

Loomis Sayles & Co L.P. One Financial Center 996.0160 98.52%
Boston, MA 02111-2621

Admin Class of Shares

Loomis Sayles & Co L.P. One Financial Center 996.0160 98.52%
Boston, MA 02111-2621

LOOMIS SAYLES CALIFORNIA TAX-FREE INCOME FUND
Amsouth Bank, TTEE P.O. Box 12365 201,787.2540 12.13%
FBO Peter Davis Birmingham, AL
35202-2365

Koeppel Family Trust 1445 Caballero Road 183,536.1590 11.03%
Arcadia, CA 91006-2118

Camille Basha & Connie Vitale One Financial Center 237,301.8480 14.27%
JTTEN Boston, MA 02111-2621

Connie Vitale & Camille Basha One Financial Center 141,378.9120 8.50%
JTTEN Boston, MA 02111-2621

James M. Cubbon TTEE 1416 Via Margarita 130,571.9130 7.85%
Palos Verdes Estates, CA
90274-2144

Percentage
Number of of Shares
Shareholder Address Shares Owned Held
- ----------- ------- -------------- ----------

Joseph E. & Ellen Mueth TTEEs, 225 S. Lake Avenue, 94,302.3700 5.67%
Mueth Family Trust STE. 800
Pasadena, CA 91101

Amsouth Bank, TTEE P.O. Box 12365 92,941.7370 5.59%
FBO Peter Davis Family Birmingham, AL 35202

Henry A. McMicking & Dois B. 500 Sansome Street San 143,884.6620 8.65%
McMicking JTWROS Francisco, CA 94111-3211

LOOMIS SAYLES CORE PLUS FIXED INCOME FUND

Concordia College Corp. 901 South 8th Street 2,144,815.5300 58.10%
Concordia College Endowment Moorhead, MN 56562
Fund

Saturn & Co. FBO Kollmogran P.O. Box 9130 FPG. 90 606,223.7620 16.42%
Retirement Trust Boston, MA 02117-9130

Union Bank of CA NA Union P.O. Box 85484 272,513.0340 7.38%
Bank TR Nominee FBO CMT San Diego, CA 92186-5484
Omnibus - Reinvest

Loomis Sayles & Co. One Financial Center 261,297.7640 7.08%
Boston, MA 02111

Union Bank of California NA P.O. Box 85484 San Diego, 236,960.5720 6.42%
Union Bank TR Nominee FBO CA 92186-5484
CMT Omnibus

LOOMIS SAYLES FIXED INCOME FUND

Marsh & McLennan Companies 1166 Avenue of the 9,876,165.0750 26.72%
Inc. Marsh & McLennan Defined Americas
Benefit Plan New York, NY 10036

State Street Bank & Trust Co. 200 Newport Avenue, 2,861,238.3360 7.74%
Cust. For New Hampshire Ext. JQ7N Quincy, MA
Charitable Foundation 02171-2102

Painters & Allied Trades 25 Colgate Road 2,753,443.8100 7.45%
District Council #35 Pension Roslindale, MA
Fund 02131-1123

The Northern Trust TTEE FBO P.O. Box 92956 Chicago, 3,106,814.7700 8.41%
Reliant Energy - DV IL 60675-2956

USC Educational Foundation 900 Assembly St., Ste. 400 2,481,990.4340 6.72%
Columbia, SC 29201-3938

Wake Forest University P.O. Box 7354 Reynolds 2,404,049.8720 6.51%
Hall Room 203 1834 Wake
Forest Road Winston-
Salem, NC 27109-7354

LOOMIS SAYLES INSTITUTIONAL HIGH INCOME FUND

Blue Cross Blue Shield of 401 Park Drive 3,080,535.5150 53.81%
Massachusetts, Inc. Boston, MA 02215
Landmark Center

Percentage
Number of of Shares
Shareholder Address Shares Owned Held
- ----------- ------- -------------- ----------

Mills College 5000 MacArthur Blvd. 940,735.6260 16.43%
Oakland, CA 94613-1000

Energen Corporation 605 21st Street North 599,850.5380 10.48%
Retirement Income Plan Birmingham, AL 35203-
2777

Worcester Polytechnic Institute Associate Treasurer, 100 840,077.3660 14.67%
Institute Road Worcester,
MA 01609

LOOMIS SAYLES INTERMEDIATE DURATION FIXED INCOME FUND

Trustees of Clark University 950 Main Street 1,797,078.6076 56.11%
Worcester, MA
01610-1477

Youngstown Area Jewish 505 Gypsy Lane 482,443.2160 15.06%
Foundation Youngstown, OH 44504-
1314

Wells Fargo Bank MN NA FBO P.O. Box 1533 783,524.0670 24.46%
Syntegra Inc. 12762405 Minneapolis, MN
55480-1533

LOOMIS SAYLES INVESTMENT GRADE FIXED INCOME FUND

Braintree Contributory 71 Cleveland Avenue 1,275,230.6710 10.10%
Retirement System Braintree, MA 02184-4930

Wichita State University 1845 Fairmount St. 1,111,845.2340 8.81%
Foundation Wichita, KS 67260-0002

Jupiter & Co. c/o Investors Bank P.O. Box 9130 1,057,443.9360 8.37%
& Trust FPG 90
Boston, MA 02117-9130

FMB Trust Company NA FBO P.O. Box 1596 860,621.0930 6.82%
York College Baltimore, MD 21203-1596

Harrington Memorial Hospital 100 South Street 652,018.0930 5.16%
Endowment Southbridge, MA 01550

Bost & Co A/C MAFF1683002 P.O. Box 3198 Pittsburgh, 1,331,916.7240 10.55%
Mellon Bank NA Mutual Funds PA 15230-3198
Department

Richard M. Greenspan FBO Parkway Plaza #2 1,152,266.6150 9.13%
c/o Law offices of RM Greenspan Elmsford, NY 10523
Local 522 Pension Fund

Strafe & Co. FAO Lear Siegler P.O. Box 160 Westerville, 668,709.2390 5.30%
Ret Loomis Sayles Invt. OH 43086-0160

National Cable Satellite Corp. 400 North Capital St., NW 706,812.2870 5.60%
Suite 650, Washington, DC
20001

Percentage
Number of of Shares
Shareholder Address Shares Owned Held
- ----------- ------- -------------- ----------

LOOMIS SAYLES MID CAP GROWTH FUND

City of Cambridge Contributory 225 Bent Street Cambridge, 1,250,000 100%
Retirement System MA 02141

LOOMIS SAYLES PROVIDENT FUND

Brockton Health Corp. 680 Centre Street 957,950.9450 39.54%
Endowment Brockton, MA 02302-3308

Jewish Federation of Rhode 130 Sessions Street 836,342.7500 34.52%
Island Providence, RI 02906-3444

Brockton Hospital Pension Trust 680 Centre Street 590,801.6750 24.38%
Brockton, MA 02302-3395

LOOMIS SAYLES SMALL COMPANY GROWTH FUND

Plumbers & Pipefitters Local No. 1230 Kinnear Road 1,790,186.2070 21.47%
189 Master Trust Pension Fund Columbus, OH 43212

Massachusetts Water Resources 100 First Avenue 628,899.1880 7.54%
Authority Retirement System Charlestown Navy Yard
Charlestown, MA 02129-
2043

Saxon & Co. A/C #21-70-001- P.O. Box 7780-1888 562,648.6310 6.75%
3938901 Philadelphia, PA
19182-0001

Sheldon & Co. P.O. Box 94984 Cleveland, 733,002.7630 8.79%
c/o National City OH 44101-4984

Michigan Legislative Retirement P.O. Box 30014 Lansing, 934,869.7370 11.21%
System MI 48909-7514

Northern Arizona Healthcare 1200 N. Beaver Flagstaff, 447,269.3030 5.37%
AZ 86001

Salomon Smith Barney 333 W. 34th Street New 443,880.7040 5.32%
York, NY 10001-2402

In the event that sufficient votes in favor of the election of any of the
nominees are not received by October 15, 2002, the persons named as proxies may
propose one or more adjournments of the Meeting to permit further solicitation
of proxies. Any such adjournment will require the affirmative vote of a
majority of the shares present in person or by proxy at the session of the
Meeting to be adjourned. The persons named as proxies will vote in favor of
such adjournment those proxies which they are entitled to vote in favor of the
election of any of the nominees. They will vote against such adjournment those
proxies required to be voted against the election of any of the nominees and
will not vote any proxies that direct them to abstain from voting on the
election of the nominees.

Although the Meeting is called to transact any other business that may
properly come before it, the only business that management intends to present
or knows that others will present is the business mentioned in the Notice of
Special Meeting. However, if any additional matters properly come before the
Meeting, and on all matters incidental to the conduct of the Meeting, it is the
intention of the persons named in the enclosed proxy to vote the proxy in
accordance with their judgment on such matters unless previously instructed to
the contrary by means of written instructions from a shareholder received by
the Secretary of the Trust.

Shareholder Proposals at Future Meetings. Because the Trust does not hold
regular meetings of shareholders, the anticipated date of the next shareholder
meeting cannot be provided. Shareholders who wish to submit a proposal to be
included in the Trust's proxy materials for the next meeting of shareholders,
if any, must deliver notice of the proposal within a reasonable time before the
Trust begins to print and mail its proxy materials. As of August 30, 2002, the
Trust has not received any shareholder proposals and thus none is included in
these proxy materials. Shareholders who wish to make a proposal at the next
meeting of shareholders, if any, that will not be included in the Trusts' proxy
materials must notify the Trust a reasonable time before it begins to print and
mail its proxy materials for that meeting. If a shareholder who wishes to
submit a proposal fails to timely notify the Trust, the proxies solicited for
the meeting will have discretionary authority to vote on the shareholder's
proposal if it is properly brought before the meeting. If a shareholder makes a
timely notification, the proxies may still exercise discretionary voting
authority to the extent permitted by the SEC's proxy rules. You may submit
shareholder proposals to Sheila M. Barry, Loomis Sayles Investment Trust, One
Financial Center, Boston, Mass 02111.

Quorum and Methods of Tabulation. Forty percent (40%) of the shares entitled
to vote, present in person or represented by proxy, constitutes a quorum for
the transaction of business with respect to the election of Trustees at the
Meeting. Votes cast by proxy or in person at the meeting will be counted by
persons appointed by the Trust as tellers (the "Tellers") for the Meeting.

The Tellers will count the total number of votes cast "for" approval of the
proposal for purposes of determining whether sufficient affirmative votes have
been cast. The Tellers will count shares represented by proxies that reflect
abstentions and "broker non-votes" (i.e., shares held by brokers or nominees as
to which (i) instructions have not been received from the beneficial owners or
the persons entitled to vote and (ii) the broker or nominee does not have
discretionary voting power on a particular matter) as shares that are present
and entitled to vote on the matter for purposes of determining the presence of
a quorum. With respect to the election of Trustees, neither abstentions nor
broker non-votes have any effect on the outcome of the election.

[X] PLEASE MARK VOTES
AS IN THIS SAMPLE

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LOOMIS SAYLES [___________________] FUND
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CONTROL NUMBER:
RECORD DATE SHARES:

Please be sure to sign and date this Proxy. Date:
-----------------------

- ----- Shareholder sign here --------------- Co-owner sign here ------
1. To elect Trustees.

For All For All
Nominees Withhold Except

(01) Joseph Alaimo
(02) Paul G. Chenault
(03) Robert J. Blanding [_] [_] [_]
(04) Edward A. Benjamin

NOTE: If you do not wish your shares voted "For" a particular nominee, mark the
"For All Except" box and strike a line through the name(s) of the nominee(s).
Your shares will be voted for the remaining nominee(s).

Mark box at right if an address change or comment has been noted on the reverse
side of this card. [_]

DETACH CARD

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VOTE BY TELEPHONE
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It's fast, convenient, and immediate!
Call Toll-Free on a Touch-Tone Phone

FOLLOW THESE FOUR EASY STEPS:

1. Read the accompanying Proxy Statement/Prospectus and Proxy Card.
2. Call the toll-free number
[1-877-PRX-VOTE (1-877-779-8683)].
There is NO CHARGE for this call.

3. Enter your Control Number located on your Proxy Card.

4. Follow the recorded instructions.

YOUR VOTE IS IMPORTANT!
Call [1-877-PRX-VOTE] anytime!

DETACH CARD

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VOTE BY INTERNET
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It's fast, convenient, and your vote is immediately confirmed and posted.
FOLLOW THESE FOUR EASY STEPS:

1. Read the accompanying Proxy Statement/Prospectus and Proxy Card.

2. Go to the Website
[http://www.eproxyvote.com/lsbdx]
There is NO CHARGE for this call.

3. Enter your Control Number located on your Proxy Card.

4. Follow the instructions provided.

YOUR VOTE IS IMPORTANT!
Go to [http://www.eproxyvote.com/lsbdx] anytime!

DO NOT RETURN YOUR PROXY CARD IF YOU ARE VOTING BY TELEPHONE OR INTERNET

SPECIAL MEETING OF SHAREHOLDERS

LOOMIS SAYLES INVESTMENT TRUST
One Financial Center
Boston, Massachusetts 02111

THIS PROXY IS SOLICITED BY THE TRUSTEES

The undersigned hereby appoints [Kevin P. Charleston, Lauren B. Pitalis and
Sheila M. Barry], and each of them separately, as proxies with power of
substitution to each, and hereby authorizes them to represent and to vote all of
the shares of the Loomis Sayles Investment Trust (the "Trust") which the
undersigned would be entitled to vote if personally present at the Special
Meeting of the Shareholders of the Trust (the "Meeting") to be held at its
offices on October 15, 2002 and at any adjournments thereof, for the purposes
set forth in the accompanying Notice of Special Meeting of Shareholders. Only
shareholders of record at the close of business on August 19, 2002 (the "Record
Date") are entitled to vote at the meeting or at any adjourned session thereof.

THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY
THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR THE ELECTION OF TRUSTEES AS SET FORTH IN PROPOSAL 1.
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PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY
IN THE ENCLOSED ENVELOPE.
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Please sign exactly as your name appears on the books of the Company. Joint
owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
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HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?

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