On December 15, 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 December 24, 2008, and the payable date is December 31, 2008. The ex-date is December 22, 2008. The distribution per share for each Fund is as follows:

At this time the Fund believes that a portion of the December distribution may be comprised of amounts from sources other than net investment income. If that is the case, you will be notified in writing. 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 $123.1 billion in assets under management as of October 31, 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
Investor Contact: (800) 262-1122