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 SP242-0904