FLOATING RATE PORTFOLIO/MA
N-1A, EX-99.(L), 2000-06-22
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                                                                     Exhibit (l)

                             EATON VANCE MANAGEMENT
                            The Eaton Vance Building
                                255 State Street
                                Boston, MA 02109
                                 (617) 482-8260

                                                June 20, 2000



Floating Rate Portfolio
The Eaton Vance Building
255 State Street
Boston, MA  02109

Ladies and Gentlemen:

     With respect to our purchase  from you, at the purchase  price of $100,000,
of  an  interest  (an  "Initial  Interest")  in  Floating  Rate  Portfolio  (the
"Portfolio"),  we hereby advise you that we are purchasing such Initial Interest
for  investment  purposes  and do not intend to withdraw  the  Initial  Interest
within the next 24 months.

                                Very truly yours,

                                EATON VANCE MANAGEMENT


                                By:     /s/ William M. Steul
                                        -------------------------------
                                        William M. Steul
                                        Treasurer


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