Eaton Vance Insured Florida Plus Municipal Bond Fund (NYSE Alternext US: EIF), a closed-end management investment company sponsored and managed by Eaton Vance Management, announced that its merger into Eaton Vance Insured Municipal Bond Fund (NYSE Alternext US: EIM) will occur following the close of business on December 15, 2008. Effective with the merger and prior to the opening of business on December 16, 2008, common shareholders of EIF will become common shareholders of EIM and all of EIF’s outstanding Auction Preferred Shares (CUSIP 27828E201) (“APS”) will be liquidated for cash at a price equal to the liquidation preference of $25,000 per share (aggregate liquidation preference of $5,100,000), plus the amount of accumulated but unpaid dividends as of the redemption date, if any.

Common shares of EIM issued to common shareholders of EIF will receive the next monthly distribution on EIM common shares. Such distribution will be paid on December 31, 2008 to shareholders of record on December 24, 2008. The ex-dividend date is December 22, 2008. Any shareholder that is a participant in the EIF dividend reinvestment plan will automatically be enrolled in the dividend reinvestment plan for EIM.

EIF and EIM 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 approximately $123 billion in assets under management on October 31, 2008.

Eaton Vance
Investor Contact:
Jonathan Isaac, 617-598-8818
or
Media Contact:
Jeanette Harrison-Sullivan, 617-598-8920