August 28, 2006 at 11:55 AM EDT
Eaton Vance Sees Significant Growth in Managed Account Distribution Adds Strategies to Nine Partner Platforms; Increases AUM by 16% in First Half of Calendar Year 2006

Eaton Vance Corp. announced today that the Eaton Vance Managed Accounts group has significantly expanded distribution of Eaton Vance portfolios and those of Eaton Vance subsidiaries across key partner platforms over the past 18 months. During the first half of calendar year 2006 alone, 12 Eaton Vance portfolios were added to nine separate account platforms, with several more to be included beginning in August.

"Eaton Vance Managed Accounts had a spectacular year in 2005, posting a 60% year-over-year increase in assets under management and further spreading the word about our extensive managed account capabilities," said Larry Sinsimer, Eaton Vance's Managing Director in charge of Managed Accounts. "We are very pleased that we were able to build on this success during the first half of calendar year 2006 with many of our key partners, achieving a 16% increase in AUM in just six months. We look forward to working with our partners to achieve continued growth of Eaton Vance's managed account distribution."

In May, Eaton Vance announced that its Large-Cap Value Strategy was added to the Merrill Lynch Consults(R) Program, joining two other Eaton Vance managed account portfolios already in the program: Parametric Portfolio Associates' Tax-Managed Core Portfolio and Eaton Vance/Parametric Multi Firm Consults(R) Diversified Portfolios. Since then, two additional strategies run by Eaton Vance subsidiary Atlanta Capital were added to the Consults(R) platform. These join the 69 mutual funds Eaton Vance offers across Merrill Lynch platforms.

Eaton Vance Large-Cap Value Strategy has also been added to four other platforms this year: UBS Access, Bank of America Portfolio Strategies Managed, Janney Montgomery Scott Advisers, and USBank's models-based platform. In addition, Atlanta Capital was added to platforms run by Prudential Securities and Wells Fargo's Reference Portfolios, and Eaton Vance Municipal Bonds strategy is now included on both the Wachovia Wealth Management Private Bank and RBCDain Rauscher Consulting Solutions platforms. Eagle Global's International Equity portfolio has been added to the Morgan Stanley Access platform. JPMorganChase has added Eagle Global International Equity, Fox Asset Management Large-Cap Value and Small-Cap Value to their PMP platform. Eagle Global Advisors is an Eaton Vance strategic partner and Fox Asset Management is a majority-owned subsidiary of Eaton Vance.

Eaton Vance recently launched a new version of the Eaton Vance/Parametric Multi Firm Consults(R) Diversified Portfolios (CDP), which includes the following investment offerings: Eaton Vance Large-Cap Value Equity, Eaton Vance Tax-Exempt Intermediate Fixed Income, Janus Capital Group Large Cap Growth Equity, Jennison Associates Small/Mid Cap Core Equity, Hansberger Global International Value Equity and ING Investment Management Taxable Intermediate Fixed Income. Eaton Vance has no affiliation with Janus Capital Group, Jennison Associates, Hansberger Global, or ING Investment Management. Planned for launch in September is Bank of America's newly revised Portfolio Strategies Managed program, which will now include Eaton Vance Large-Cap Value Strategy.

As of July 31, 2006, Eaton Vance and its affiliates managed $120.4 billion in assets. Eaton Vance has expertise in areas historically attractive to high-net-worth investors and has products to address their objectives. These include its family of tax-managed equity funds and municipal bond funds, bank loan funds, and charitable giving vehicles. Through wholly owned Eaton Vance Management and controlled subsidiaries of Atlanta Capital Management Company, LLC, Fox Asset Management LLC, and Parametric Portfolio Associates, LLC, Eaton Vance's separate account capability now includes tax-managed core, large-cap growth, large-cap value, all-cap value, small-cap value, mid-cap value, balanced, and municipal and taxable fixed-income portfolios.

Eaton Vance Corp. is a Boston-based investment management firm whose stock trades on the New York Stock Exchange under the symbol EV. Through its subsidiaries, Eaton Vance Corp. is an adviser and distributor of investment products for individual and institutional clients.

This news release contains statements that are not historical facts, referred to as "forward-looking statements." Actual future results may differ significantly from those stated in any forward-looking statement, depending on various factors, including changes in securities or financial markets and general economic conditions.

These comments and information are not intended as investment advice or a recommendation to purchase or sell specific securities. It should not be assumed that any of the strategies mentioned was or will be profitable. There can be no assurance that EVM will achieve profits or avoid incurring losses. Actual portfolio holdings will vary for each client. Past performance does not predict future results.

Before investing in any Eaton Vance Fund, prospective investors should consider carefully the Fund's investment objectives, risks, charges and expenses. The Fund's current prospectus contains this and other information about the Fund and is available through your financial advisor. Read the prospectus carefully before you invest or send money.

NOT FDIC INSURED -- NO BANK GUARANTEE -- MAY LOSE VALUE

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