CDC IXIS MODERATE DIVERSIFIED PORTFOLIO
              CDC NVEST CASH MANAGEMENT TRUST - MONEY MARKET SERIES
                             CDC NVEST EQUITY FUNDS
                             CDC NVEST INCOME FUNDS
                         CDC NVEST TAX FREE INCOME FUNDS
                              CDC NVEST STAR FUNDS
                                 CDC NVEST FUNDS
                                  (THE "FUNDS")

Supplement  dated  September  30, 2004 to CDC Nvest Income Funds Classes A, B, C
and Y prospectuses,  CDC Nvest Funds Classes A, B, C and Y prospectuses, and CDC
Nvest Tax Free Income Funds Classes A and B prospectus,  each dated  February 1,
2004, CDC Nvest Star Funds Classes A, B and C prospectus, CDC Nvest Equity Funds
Classes A, B and C  prospectus,  and CDC Nvest  Equity  Funds and CDC Nvest Star
Funds Class Y prospectus,  each dated May 1, 2004, CDC IXIS Moderate Diversified
Portfolio  Classes A and C prospectus  dated July 14,  2004,  and CDC Nvest Cash
Management Trust - Money Market Series  prospectus dated September 1, 2004, each
as may be supplemented from time to time.

Effective  November  1,  2004,  the name of the  Distributor  for the Funds will
change  from  CDC  IXIS  Asset  Management  Distributors,  L.P.  to  IXIS  ASSET
MANAGEMENT DISTRIBUTORS, L.P.

Also   effective   November  1,  2004  the  name  of  the  Adviser  or  Advisory
Administrator will change from CDC IXIS Asset Management Advisers,  L.P. to IXIS
ASSET MANAGEMENT ADVISORS, L.P for the following funds:


                       CDC IXIS International Equity Fund
                     CDC IXIS Moderate Diversified Portfolio
              CDC Nvest Cash Management Trust - Money Market Series
                          CDC Nvest Star Advisers Fund
                           CDC Nvest Star Growth Fund
                            CDC Nvest Star Value Fund
                          Hansberger International Fund
                     Harris Associates Large Cap Value Fund
                      Harris Associates Focused Value Fund
                        Loomis Sayles Core Plus Bond Fund
                    Loomis Sayles Government Securities Fund
                Loomis Sayles Massachusetts Tax Free Income Fund
                       Vaughan Nelson Small Cap Value Fund
                          Westpeak Capital Growth Fund





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