Eaton Vance Insured Florida Plus Municipal Bond Fund (NYSE Alternext US: EIF) today announced the voluntarily redemption (the “Redemption”) of a portion of its outstanding Auction Preferred Shares - Series A (CUSIP 27828E201) (the “APS”). The Fund is a closed-end management investment company sponsored and managed by Eaton Vance Management. 160 shares of the Fund’s APS will be redeemed at a redemption price equal to the liquidation preference of $25,000 per share (aggregate liquidation preference of $4,000,000), plus the amount of accumulated but unpaid dividends as of the redemption date, if any. Subject to satisfying the notice and other requirements that apply to APS redemptions, the redemption is expected to occur on December 2, 2008, which is a dividend payment date.

For the APS to be redeemed, Depository Trust Company, holder of record of the APS, will determine the allocation of redemptions among participant broker-dealer accounts. Each participant broker-dealer will determine the allocation of redemptions among beneficial holders for which it serves as nominee. Allocation procedures used by different broker-dealers will vary.

The Fund is 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 approximately $123 billion in assets under management on October 31, 2008.

This news release contains statements that are not historical facts, referred to as “forward looking statements.” The Fund’s actual future results may differ significantly from those stated in any forward-looking statements, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of fund shares, the continuation of investment advisory, administration, distribution and service contracts, and other risks discussed from time to time in the Fund’s filings with the Securities and Exchange Commission.

Eaton Vance Insured Florida Plus Municipal Bond Fund
(EIF) (the “Fund”)
Investor Contact
Jonathan Isaac, 617-598-8818
or
Media Contact
Jeanette Harrison-Sullivan, 617-598-8920