September 14, 2004

Eaton Vance Shuffles Muni Bond Fund Managers

Sept. 14, 2004 -- Eaton Vance Corp. said Monday that it has reorganized the managers of a number of its mutual funds that invest in municipal bonds because of a leave of absence that one manager has taken.

Tom Metzold, who oversees several funds, has left "to spend more time with his family," and will resume his duties in January, a spokesman for Eaton Vance funds said.

Municipal bond fund managers William Ahern, Cindy Clemson and Robert MacIntosh have split up Metzold's responsibilities for six open-end funds and the closed-end Eaton Vance Muni Income Tr (EVN), and will continue as co-managers when Metzold returns, the spokesman, James Naughton, said.

The open-end funds invest in bonds issued by Arizona, North Carolina, Kansas and Oregon. They also include Eaton Vance National Municipals/A (EANAX) and Eaton Vance High Yield Municipals/A (ETHYX), Naughton said.

As part of the reorganization, Eaton Vance also said that Craig Brandon, a former analyst, replaced Ahern, Clemson and MacIntosh on six funds that invest in Minnesota, Maryland, Mississippi, Florida and New Jersey bonds.

Contact Bob Keane with questions or comments at bkeane@investmentadvisor.com.

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