On June 13, 2008, Eaton Vance Management, the Boston-based investment adviser, announced the quarterly distributions declared on the common shares of two of its closed-end equity funds (the “Funds”). The record date for the distributions is June 23, 2008, and the payable date is June 30, 2008. The ex-date is June 19, 2008. The distribution per share for each Fund is as follows:

The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the common shares could change. At this time the Funds believe that a portion of their respective distribution may be comprised of a return of capital, short-term or long-term capital gains. Further information will be available prior to the payment date at www.eatonvance.com/closed_end/tax_info.php. The final determination of tax characteristics of the Fund’s distributions will occur after the end of the year, at which time it will be reported to the shareholders.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp., which is listed on the New York Stock Exchange under the symbol EV. Eaton Vance and its affiliates had $159.1 billion in assets under management as of April 30, 2008. Eaton Vance will make available periodic summary information regarding the Funds’ portfolio investments. Those interested should call Eaton Vance at 800-262-1122.

Eaton Vance Tax-Managed Buy-Write Closed-End Equity Funds
Investor Contact: (800) 262-1122