CERTIFICATE

Natixis Cash Management Trust

Natixis Funds Trust I

Natixis Funds Trust II

Natixis Funds Trust III

Natixis Funds Trust IV

Loomis Sayles Funds I

Loomis Sayles Funds II

Hansberger International Series

Gateway Trust

(the “Trusts”)

I, Paula Gilligan, Assistant Secretary of the Trust, hereby certify that the following is a true copy of the resolution adopted by the Trustees of the Trust at a meeting held on February 29, 2008:

VOTED: that the blanket bond issued by National Union Fire Insurance Company providing fidelity bond protection of $38,000,000 for the series of Natixis Funds Trust I, Natixis Funds Trust II, Natixis Funds Trust III, Natixis Funds Trust IV, Natixis Cash Management Trust, Loomis Sayles Funds I, Loomis Sayles Funds II, Gateway Trust and the Hansberger International Series (the “Trusts”) is hereby renewed and approved as being reasonable in form and amount, and that the Trusts’ participation in the bond with the other named insureds is hereby approved for the period December 15, 2007 to December 15, 2008.

AEW Real Estate Fund	$	372
CGM Advisor Targeted Equity Fund		2,137
Hansberger International Fund		445
Harris Associates Focused Value Fund		356
Harris Associates Large Cap Value Fund		561
Natixis Cash Management Trust - Money Market Series		596
Natixis Income Diversified Portfolio		312
Natixis Moderate Diversified Portfolio		187
Natixis U.S. Diversified Portfolio		1,450
Loomis Sayles Core Plus Bond Fund		385
Loomis Sayles Massachusetts Tax Free Income Fund		163
Vaughan Nelson Small Cap Value Fund		363
Westpeak 130/30 Growth Fund		117
Loomis Sayles Bond Fund		39,509
Loomis Sayles Fixed Income Fund		1,457
Loomis Sayles Global Bond Fund		5,090
Loomis Sayles Global Markets Fund		741
Loomis Sayles Growth Fund		1,085
Loomis Sayles High Income Fund		103
Loomis Sayles High Income Opportunities Fund		200
Loomis Sayles Inflation Protected Securities Fund		34
Loomis Sayles Institutional High Income Fund		492
Loomis Sayles Intermediate Duration Fixed Income Fund		84

Loomis Sayles Investment Grade Bond Fund		7,150
Loomis Sayles Investment Grade Fixed Income Fund		638
Loomis Sayles Limited Term Government and Agency Fund		297
Loomis Sayles Mid Cap Growth Fund		160
Loomis Sayles Municipal Income Fund		204
Loomis Sayles Research Fund		76
Loomis Sayles Securitized Asset Fund		1,384
Loomis Sayles Small Cap Growth Fund		143
Loomis Sayles Small Cap Value Fund		2,494
Loomis Sayles Strategic Income Fund		28,476
Loomis Sayles Tax-Managed Equity Fund		16
Loomis Sayles Value Fund		759
HIS- International Core Fund		182
HIS- Emerging Markets Fund		528
HIS- International Value Fund		774
HIS- International Growth Fund		2,194
Gateway Fund		8,505
TOTAL	$	110,216

/s/ Paula Gilligan

Paula Gilligan

Assistant Secretary